The probability of disruptions severely impacting end users is astronomical in this sector and can lead to dire financial and reputational risks
Organizations are under immense pressure to embrace sustainability initiatives, including green energy, but with the intricacy involved, smart procurement intelligence solutions can help you save the day.
help you save cost and maximize efficiency
With the growing focus on minimizing/eliminating fossil fuel use and upgrading utility infrastructure, most critical functions of organizations will fall under heavy scrutiny.
With the growing need to modernize and expand transmission and distribution systems and cope with regulatory changes, organizations are keen to adopt sound strategies.
Adopting new renewable energy sources may offer plenty of growth opportunities, but this entails a set of challenges as well, especially for procurement teams.
In an industry that is subject to high levels of volatility across most critical functions, expert supplier and procurement intelligence solutions are a great first step toward achieving profitable and desirable business outcomes.
Talk to Our Experts
Challenge: Faced with intense competition and the need to improve profit margins, our client turned to SpendEdge for assistance in overcoming their business challenges. One of the main strategies involved migrating cost-intensive operations to low-cost destinations.
Solution: Our team at SpendEdge assisted the client in streamlining their contract manufacturer selection process. Leveraging our expertise and market research methodology, we identified key contract manufacturers for the client’s ready-to-eat product line.
Result: The client successfully addressed their business challenges and achieved improved profit margins and reduced operating costs. All the while, also enhancing product quality and expanding manufacturing capabilities.
Read Moreto see the more on spendedge insightsGathering data on your supplier’s capability to deliver high-quality products is just not enough. More open communication will ensure suppliers not only deliver with quality but also ahead of schedule.
Turbine pumps are extensively used in the agricultural industry for the purpose of irrigation. It performs several functions in the […]...
Read More
What is Electroplating and how does it work? Electroplating is the process of using hydrolysis for plating one metal onto […]...
Read More
By: George Mathew Procurement in the oil and gas industry involves sourcing, purchasing, and managing the supply chain for various […]...
Read More
By: Vinodh Kumar Kshathriya A little less than a quarter of all energy consumed in the world in 2022 came […]...
Read More
Most companies often focus their efforts on direct spend categories and place a low level of importance on indirect spend. […]...
Read More
By: Ankur Rishi Spurred by incentives and growing demand, the renewable energy sector (wind, solar, geothermal, hydropower, ocean energy, [&hel...
Read More
By: Ankur Rishi The need for businesses to source energy, be it electricity, natural gas, or renewable energy, is […]...
Read More
The digital revolution is slowly taking over the power sector. Data collection and exchange are growing exponentially, creating digital threats [&hell...
Read More
The choice of the procurement process is vitally important to the success of any construction project. Also, the type of […]...
Read More
Mismatches between your needs and what your supplier delivers could weaken business performance. By collaborating intensely with suppliers, you can ensure your penchant for KPIs grows on them as well.