In this era of constant innovation and compliance regulations, firms operating in the power and energy space have started looking for renewable and alternative sources of energy. Additionally, the with the demand for fossil fuels reaching its saturation point, firms operating in the alternative energy space are seeking ways to address flaws and reduce their overall operational costs across the supply chain. Consequently, to understand and devise means to tackle challenges across the supply chain, renowned businesses in the alternative energy space are advocating the need for robust supply chain risk assessment studies. Supply chain risk assessment studies help firms gain real-time actionable strategic insights into the flaws in the supply chain and formulate effective strategies to stay on par with the competition.
With years of experience in offering a wide range of supply chain solutions, the supply chain risk assessment specialists at SpendEdge help players across the alternative energy space to gain better flexibility into the current supply chain process; thereby, helping them improve business performance.
The Procurement Pain Point and Insights Offered
A leading alternative energy supplier client was facing predicaments in identifying the supply chain flaws. As a result, the client wanted to gain better visibility into their supply chain operations and formulate strategic ways to mitigate disruptions across the supply chain. Additionally, the client wanted to categorize the key performance indicators to curtail logistics costs and improve service quality.
To address the specific predicaments faced by the alternative energy supplier client and help them address flaws and curtail supply chain costs, the supply chain risk assessment specialists at SpendEdge tailored a unified research methodology, which involved primary and secondary research coupled with quantitative and qualitative data collection methodologies.
During the course of this supply chain risk assessment engagement, the alternative energy supplier client was able to devise robust supply chain risk mitigation strategies to curtail supply chain costs. Additionally, the client was able to accomplish better traceability of their services, in turn helping them gain a deeper understanding of the regulatory and compliance requirements.
Fundamental questions answered in this supply chain assessment engagement include
This supply chain risk assessment engagement helped the alternative energy supplier client improve operational objectives consequently aiding them to curtail costs across the supply chain. Additionally, the client also deployed better sourcing and procurement strategies which helped them strengthen their supplier relationship.