A major portion of the total expenditure of enterprises is claimed by telecommunication costs. Very few CIOs have the required information and knowledge to gauge what percent of their total expenditure flows out as telecom spend. Such lack in knowledge leads to inefficient telecom sourcing.

Forester Consulting has reported that, internationally, at least 80% of telecom sourcing projects are not sufficiently efficient, and large-scale enterprises are feeling the impact of this to the tune of £12 billion each year.

This is a huge amount of capital to lose out on owing to the lack of visibility and comprehension when running sourcing projects. With TEM solutions, this kind of spend can be saved to a great extent. In order to successfully bag efficient sourcing projects, it is vital that professionals who comprehend the technology and goals of the telecom sourcing strategy be involved with the enterprise.

All mid-to-large establishments should, therefore, carefully examine their internal knowledge base of telecommunications and verify if ideal results are being generated. If not, it would be wise for them to opt for professional TEM services that can take care of all their sourcing needs.

Avotus’ Sourcing Management solutions adopt a dedicated approach to enterprise contract and vendor management. Avotus ICM® eProcurement (eP) is Avotus’ award-winning offering that helps enterprises maximize competition in their telecom RFPs.