Inventory & Asset Management

One of the most important elements in any telecom expense reduction exercise is to understand your inventory of services and equipment. Without accurate inventory and asset management, your organization may risk over-spending due to:
 

  • Billing errors

  • Sub-par network designs

  • Inaccurate bill payment

  • Inefficient purchasing decisions due to the lack of business intelligence


Most companies today are managing a vast array of multifarious voice, data and wireless assets, often disbursed across various geographic regions, service providers and business entities.

Consequently, many enterprises find it difficult to manage and maintain centralized telecom inventory procurement procedures on an enterprise wide basis. Inventory management challenges include:

 

  • Ordering procedures and approvals

  • Verification of services and devices ordered

  • Verification of services and devices turned off

  • Enterprise wide device tracking

  • Reporting and visibility by business unit, department, service type, ROI and numerous other important business intelligence criteria


Some organizations use homegrown spreadsheets or databases to manage their telecom assets thereby risking the integrity of the data by not frequently cross referencing/checking the information against the billing or customer service records.
 

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