Telecoms tips to exit recession

Add to this the business challenges that the retail sector currently faces such as shrinkage and theft and increasing cost structures, it has a way to go before it sees a light at the end of the proverbial tunnel.

Against this retail landscape, competitiveness is key to retailers' survival. Retailers can make use of seven top telecoms advice tips to help gain and maintain competitiveness in the current recessionary environment:

• Understand costs base and know what the drivers are for an increase in spend
  
• Centralise all telecoms operations, management and procurement
  
• Optimise supplier contracts - align discount structures
  
• Standardise telecoms systems, management, processes
  
• Implement and monitor policies for compliance
  
• Management information and control - measure, adjust and report
  
• Strict financial management and control.