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The Media and Entertainment industry is comprised of companies that own, operate, engage in, or
sell media properties, services, and products, including film and video production, distribution,
replication, and products; television production, broadcasting, distribution, programming,
and products; music production, distribution, publishing, and products; radio broadcasting;
newspaper, book, magazine, electronic, and specialty publishing; and Internet content and
delivery services. |
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With digitalization, the media and entertainment industry is undergoing change — everywhere,
often and always at very high speed. Companies are under constant pressure to embrace
new technology, develop new distribution models, comply with new regulations and satisfy
the demanding new consumer-turned-competitor. |
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These changes are driving a dual-focused procurement strategy. On the one hand, there is a very
sharp focus among media companies on lowering their operating costs in order to preserve their
profitability. On the other hand, there is a strong appreciation that the acquisition of
technology is an essential element of sustainable success. |
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| How Employee Workforce
Automation Can Help |
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Paramount’s WorkPlace Suite
helps media and entertainment companies improve profitability and technology adoption: |
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Ability to track requisitions against budgets, receive warnings if over budget and route for
approval based on a requisition line item exceeding the budget
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Easy-to-use yet powerful requisitioning capability that can reduce
requisition-to-order costs and cycle time and control maverick spending.
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Ability to streamline the
acquisition of all types of goods and services, both the direct
procurement of raw materials and production goods, and the
indirect procurement of maintenance, repair and operating (MRO)
supplies as well as capital goods and services
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