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Used Telecomm Equipment Market

Sandra Miller

Undoubtedly, the telecom industry experienced a huge expansion in the late 1990s and early 2000s. The rapid expansion was marked by quite a few tedious changes for businesses. In those times, many big businesses did not have any other option that switching on to the modern technologies. The telecom equipment has increased a lot. Technologies are marked by some new innovation every few months or once a year. In this arena, how can one fulfill all their needs without opting for the newest and best technology? The surplus of telecom equipment in the market has led to a lot of problems.

Many people look for used telecom products today. Old equipment can be either used at home or stored until some need arises. Telecom companies have one option to organize logistics and storage. You can also try collaborating with an equipment company. Such an equipment company can help you in decommissioning, transporting, storing and refurbishing all the used equipment. There are quite a few companies that solely work to handle used telecom equipment. However, this is not an easy industry to get into. There are many challenges faced by the used telecom equipment industry.

Firstly, after the recession of 2008 and the development of 4G technology the operational cost has reduced a lot. Still at the same time, these companies have to deliver good quality service. This is a loss business to some extent. Companies have to try to make out the best from redundant resources. Asset management is a very important task for telecom managers. You can make your business with a telecom industry beneficial by quite a few aspects. They will help you with recycled telecommunication products. This will help reduce cost. Telecom company can also assist you in increasing the efficiency by reducing the occurrence of redundant resources as much as possible.

Also Read Tips to Manage the Wireless and Wireline Assets

Tips to Manage the Wireless and Wireline Assets

Sandra Miller

It is important to provide right telecommunication tools for your business to manage the teams. It will help in a great way for asset and expense management. When right tools combine with training and determination, it is sure your company’s management team can watch optimal efficiencies and produce maximized savings. It is not possible with their own efforts.

Ensure to integrate your team with latest telecom management services. It will help them to discover cost saving ways and remain competitive in the market. If your management team is not using best software for payment and invoice management, help desk/procurement, expense optimization, inventory, the wireless or telecom management teams should take efforts to integrate the best technology to your company.

The telecom management team in your business should track wireless and wired assets from the beginning to the elimination. They have fully maintain with accuracy. Moreover, the team should analyze the telecom invoices and examine each asset.

They have to validate or optimize low use or zero assets for each service. Some of the examples include texting using a wireless device, identifying voice and data charges in the wireless device. The telecom management professionals should make necessary changes to track the deletions, changes, adds, and moves. They have to sign up for feature options that have the best plans and do not have over charges.

The vendor invoices should be clear. It should demonstrate available discounts and negotiated bill amounts. When each asset of telecom is optimized, you can process the invoices correctly. It will help in preparing the company for regular payment of bills. The team will consider cost centers and asset assignments into account and do the needful.

The telecom management team should be experienced in handling and managing the bills, expenses, and best in class technology. They have to manage the main assets with their telephony expertise. The professionals should help in situations like worst class situations, too much of time spent in no real savings or less savings.

The telecom management team should remain a smart solution provider. They have to use the best in class tools and technology to provide right solutions for your company. They should help in optimal savings and provide appreciated time saving efficiencies. Your present telecom management team should be prepared and equipped with latest tools.

Experienced telecom service providers improve the efficient of the telecom teams by suggesting cost reduction strategies and latest ideas. It will help to experience an improved business telecom environment.

Also Read Tips to Avoid to Top Telecom Expense Management Difficulties

Tips to Avoid to Top Telecom Expense Management Difficulties

Sandra Miller

Due to the inefficient processes that are used to handle the telecom expenses, more than 70 percent of the SMBs are surrendering opportunities to minimize the expenses by 25 percent on an average. The challenge in this is your company is struggling to manage the telecom and internet service expenses across different locations with multiple carriers. The solution to this issue is TEM (Telecom Expense Management) that is one of the most efficient ways that a small or medium business can make use of to potentially cut thousands of dollars that are wasted in data, voice, and internet expenses that are incurred from over-billing, outmoded processes and inefficient spending.

The effective TEM technique will decrease the telecom spend, increase the funds available for IT investment and enhance the bottom line efficiency. Many organizations have not taken this initial step that is aimed to cut the cost that will impact their business significantly. In this content, you will find the most common difficulties that you need to avoid in TEM. This is the practice of handling all the telecom expenses from usage, cost allocation, and telecom invoices. By gaining better control over the telecom expenses, you will minimize the spending on the telecom services as well as the operation costs that are associated with managing the same.

Telecom Expense Management offers a direct financial advantage. The spending for voice, data, and the internet has become highly complicated to handle, and it has grown to represent 3 percent to 4 percent of revenues. With proper implementation of TEM, SMBs will witness immediate savings and also generate ongoing operational advantages that will continue to pay off in the long run.

Most SMBs waste huge amount of money by not handling their telecom spends in a centralized and standardized manner. With the complex billing of the services, and confusing contracts, TEM is hard to manage. Here are the top TEM difficulties that you should handle.

Inaccurate telecom inventory: The lack of an accurate inventory is the major obstacle to handling the telecom expenses. The telecom inventory is a target that involves a frequent move, add, change and disconnect activity that should be reconciled with actual billing. A service disconnect billing is not removed from the invoices, and this causes overspending. There can be errors in the timing of a bill for when a specific service has been disconnected, changed or added. Incorrect pricing might be applied to the new services. Knowing your inventory and validating it automatically is important. The telecom expense inventory has to be stored in a place so that the true process efficient, reporting consistency and expense validation are with you.

Disconnected telecom data or functional groups: Various functional groups do not understand how the telecom expense activities will impact others. The procurement might negotiate contracts with the least priced provider, but the service or billing might be poor. The groups that are in charge of validating the charges might find that they can attain better results only if they submit the disputes before the bill is paid. There are opportunities to partner with the procurement to secure great results when the negotiations take place between the audit group and carriers. By leveraging the entire volume of telecom spending of the organization, one can secure better results.

Labor intensive telecom invoice processing: The enterprises and SMBs might not be capable of avoiding the bills that they get in paper format, but minimizing the time that is spent on the labor intensive activities can save a lot. The manual paper bill processes can be teamed with automated electronic billing to improve the accuracy of data that is entered into the system.

Manual telecom invoice validation: The billing errors happen as telecom services include complex charges of the invoices that the enterprise receive. These charges include the tangible assets with decentralized inventory that is spread over several locations as well as intangible services. The manual validations are common, but errors slip without notice. The error ranges from high volume and low dollar value to expensive data items. This has resulted in the organizations to proactively validate and determine the billing errors.