If a solid TEM practice is essential to a healthy network, especially on a recurring basis, then Managed Sourcing acts as the spearhead at the vanguard of effective Telecom Expense Management. Managed Sourcing may generally be defined as the systematic procurement of telecom services at competitive rates. According to Source Loop Managing Director & Principal Daren Moore, "A good sourcing practice is arguably the best way to save on Telecom Network costs, since savings are realized up front, before ever leaving the company coffers. Our clients have averaged in excess of 38% realized savings to date."
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