In the face of an economic, recruitment, and supply chain triple squeeze, businesses in the TMT sectors must strike a balance between addressing digital gaps and optimizing costs. Ensuring they don't become uncompetitive by trading off on their digital acceleration because of poorly planned cost-cutting measures.
Weaker demand and supply chain issues have compounded severe cost pressures from rising inflation and energy prices. This has been felt in the tech sector through long wait times for chips and tightening margins as industry competition grows. Telecom companies, on the other hand, face massive operating and repair costs for their infrastructure, while critical labor shortages make it difficult to address them. And media companies continue to manage the challenges of ongoing mergers and acquisitions activity and often lack any formal or coordinated procurement strategy.
Despite broad agreement on these challenges, difficulties remain in aligning competing expectations between stakeholders with a shared vision to tackle them.
Your procurement transformation partners
Our expert, specialist support during periods of change and consolidation helps clients streamline processes, drive efficiency, and integrate siloed business units. Procurement teams often lack the platform and governance mechanisms to work alongside budget holders. We raise Procurement's profile in the business to transform the function by working alongside in-house teams and stakeholders to embed best practices. We also help to build out teams, provide additional flexible capacity, or provide longer-term ongoing procurement-managed services.
Our data-driven approach
Our hands-on approach is enhanced by eFlow, our digital procurement and post-contract management platform that gives you full visibility over your spend. We address highly technical spending that requires seamless integration with functions like Engineering and IT, engaging these functions while presenting credible purchase bundles to suppliers. Our knowledge of the ever-increasing complexity of products, services, and purchase bundles enables us to build sound commercial frameworks on your behalf. As your procurement partners, we share our best practice knowledge and tools with your team to deliver sustained improvements that futureproof your business against market developments: from locking in price transparency, setting up new framework agreements, and ensuring you comply with industry regulations.