Energy and Utilities
Rising energy costs, supply chain hindrances, and climate change are likely to be the toughest challenges for the energy and utilities industry, but trustworthy procurement intelligence and cost analysis solutions might just be the right antidote for companies.
Contact usChallenges faced by the procurement team
Keep supply chains fully operational
The probability of disruptions severely impacting end users is astronomical in this sector and can lead to dire financial and reputational risks
- Maintain strong service levels by identifying and engaging only with suppliers that never fail to deliver even in the face of obstacles
- Carefully evaluate risk factors (technology, social, regulatory, environmental) across your supply chain using our comprehensive risk profiles of suppliers
- Determine the areas of improvement for high-risk suppliers by leveraging our KPI analysis and insights to ensure optimal supplier performance
Fast-tracking the transition to green energy
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.
- Get a clear view of the latest developments related to the green energy movement and see how your peers fare in this area
- Our experts will help you define your objectives and incorporate the same into our methodology to recommend strategies that will
- help you save cost and maximize efficiency
- Evaluate the contract engagement models in vogue currently and weigh the benefits of each with your desired business outcomes to select the best-fit model
Early adoption of technology
With the growing focus on minimizing/eliminating fossil fuel use and upgrading utility infrastructure, most critical functions of organizations will fall under heavy scrutiny.
- Our team of specialists will empower your procurement departments with valuable insights into the technologies being adopted globally in this pursuit
- Gain actionable intel on the total cost associated with leading technologies along with a detailed cost breakdown that can help you strengthen your position during negotiations
- Evaluate case studies of successful implementation of some of the latest technologies to bring in a sense of assurance in your decision-making
Industries
Power Generation, Transmission, and Distribution
With the growing need to modernize and expand transmission and distribution systems and cope with regulatory changes, organizations are keen to adopt sound strategies.
Nuclear and Renewable Energy
Adopting new renewable energy sources may offer plenty of growth opportunities, but this entails a set of challenges as well, especially for procurement teams.
Talk to one of Our Experts
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 ExpertsFeatured Case Study
How SpendEdge Helped CPG Giant Streamline Contract Manufacturer Selection Process
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.
Dig Deeper with SE Insights Procurement Reports
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Make Informed Procurement Decisions Through SE Insights
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.
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