Precise knowledge of the costs of telecommunications industry companies is crucial at the present time.
Companies must strive to define costs and investments, as one of their key variables, without losing sight of future growth opportunities.
Long-term business objectives must be reconciled with short-term cost optimisation needs. Effective supplier management during an economic crisis does not consist of pressuring them to cut prices but of focusing on and managing risks.
The procurement department must balance conflicting pressures to cut costs and respond to the company’s needs with the also pressing need to manage and improve the supply chain and operations so as to sustain the business in the future.
The present economic climate is an opportunity to transform the procurement department’s role and competencies so that it contributes effectively to shareholder value creation.