According to the latest AOTMP State of the Telecom Management Industry, the top cause for poor performing practices in organizations is poor inventory management. And this is in spite of the fact that there are plenty of tools and programs available to help IT departments gain better control over their inventory. So why do managers still struggle with "dirty" inventories?
Here are some of the main issues keeping IT and Telecom managers from creating clean, well-managed inventory reporting:
The ATOMP report found, in its survey, that most of the respondents characterized their inventories as "somewhat accurate". But when dealing with important assets that involve money spent to maintain them, "somewhat accurate" falls short.
How to clean up your inventory? Here are three tips:
Integrate and streamlineIt's important to make sure that your IT, telecom and mobility procurement activities are organized to enable better visibility over all your purchasing activity.
Clean up your MACD processEvaluate how you conduct MACDs today and identify process gaps. Document your corrected procedures to ensure a uniform method that all can follow.
Know where all your assets resideIdentify the physical, assigned location and user association for each of your assets and services. Clearly identify the associated cost center for each as well to enable proper invoice reconciliation and validation.
The good news is that you don't have to do all this yourself. Look for a Telecom Expense Management provider with the professional services experience to help you navigate through each process. It is important to note that not all Telecom Expense Management solutions will provide the level of organization and granularity needed to create a clean, operational inventory. So do your homework!
TeleManagement Technologies, Inc. "TTI" has been working with organizations to help them tighten up processes, organize inventory and gain full control over their inventories for thirty years. Contact us to find out how we can help you clean up your inventory reporting and keep it that way!