Cognitive Procurement – Leveraging Machine Learning for Smarter Purchasing
I think it’s safe to say that digital transformation made substantial changes to how we approach procurement. Procurement is no longer just about cost savings and supply chain efficiency; it’s about strategic value and data-driven decision-making. Cognitive procurement, at the intersection of AI and procurement, is reshaping the way businesses approach their purchasing processes, moving […]
Predictive Analytics in IT: Forecasting Future Costs & Needs
One of the critical tools empowering organizations to anticipate future challenges and opportunities is predictive analytics. This advanced analytical technique uses historical data, statistical algorithms, and machine learning to identify the likelihood of future outcomes, providing IT departments with a telescopic view into their operational future, particularly concerning costs and resource requirements. And, let’s be […]
Tail Spend in Procurement: What is it and Why Should You Care
In the intricate landscape of procurement, it is common to fall prey to sneaky non-strategic expenses —usually known as ‘tail spend‘—which can quietly nibble away at a company’s finances. These minor yet cumulative costs often evade the attentive gaze of procurement and finance professionals, resulting in unseen financial leakage and missed savings opportunities. Characterized […]
How Data Insights Can Optimize your Organization’s IT Services
As businesses continue to rely on technology to drive their operations, optimizing and managing IT services (one of the largest areas of IT spend for most organizations) has become increasingly important. One of the most effective ways to achieve this is by leveraging data insights. In this article, we will explore how businesses can use […]
3 Simple Ways to Manage the Contract Life Cycle of Your IT Professional Services
A critical part of an IT project manager’s role is ensuring they can manage the contract life cycle of IT Professional Services under its supervision. Once the Master Agreement has been signed (sometimes with little to no negotiation due to sensitive timelines of projects), dozens of ancillary contracts – from statement of works to SLAs […]
Telecom-Network Infrastructure Pricing
Often the data available on your Telecom network infrastructure is so scattered that you are unable to negotiate better prices for lack of information. There are so many factors and complexities to consider that is inevitable to be overwhelmed. How to determine the optimal price to aim for when negotiating new deals or renewing […]
Methods for optimizing costs in IT
Methods for optimizing costs in IT Are you looking for ways to optimize costs in IT but not sure where to begin? Trying to work out the most efficient way to identify cost savings? In this article, we’ll look at the different methods of optimizing IT costs and how a cost optimization […]
Identifying the Telco savings your traditional audit can’t
A traditional one-off audit of your Telco services may leave you feeling like the job is done, but they are often incomplete and erroneous. These manual audits of the past are allowing many companies to spend as much as 50% too much on their Telco services, hampering vital growth and data hygiene. The complex Telco […]
Calculating the True Cost of Your Billing Problem
If you are part of a large organization, it almost certainly uses over 100 interconnected technology services and product offerings. Whether these services are telecoms or ICT related, they are generating frequent and complex bills. Measuring the outcomes yielded by these services against their cost is hard, meaning that most will spend up to 50% […]
6 Category Management Strategies To Optimize Telecom Spend
Factors such as bundling services and keeping copies of contracts have their roles to play in reducing telecommunications costs, but many organizations are still failing to investigate a range of unnecessary hidden expenses, and the complexity of a telecom category management process for enterprise procurement teams continues to increase. Whether your organization is paying for disconnected services […]
