Originally Published on: SpendEdge |Why it’s So Hard for Telecom Companies to get the Procurement Strategy Right?
Telecom firms face the arduous task of devising effective procurement strategies amidst mounting challenges such as rising deployment costs, outdated infrastructure, and delays from OEMs. These obstacles, compounded by inflationary pressures and price fluctuations, necessitate innovative approaches for sustainable progress.
To flourish in this ever-changing landscape, telecom enterprises must prioritize the modernization of legacy assets to drive cost reductions, bolster cybersecurity, and meet user demands efficiently. Additionally, the widespread adoption of 5G technology encounters hurdles like high costs, skill shortages, and deployment complexities, stressing the need for a robust long-term procurement strategy.
Supply chain disruptions further heighten the complexity, underscoring the importance for telecom firms to embrace proactive risk mitigation and procurement strategies aimed at enhancing network performance and curbing costs.
At SpendEdge, we provide telecom companies with our expertise in procurement strategy, cost-benefit analysis, and supplier negotiation, empowering them to uphold competitiveness and resilience in the face of industry challenges.
