Telecom Procurement Strategy is a comprehensive set of principles and practices designed to ensure companies are making the most cost-effective decisions when it comes to their telecom procurement. It focuses on finding the right quality products at the best prices, managing vendors and suppliers for maximum efficiency, and using strategic techniques, such as reverse auctions, to get the best deals. By taking a proactive approach to telecom procurement, companies can save money, maximize resources, and get the most value out of their investment.