Global Energy Consulting Category - Procurement Market Intelligence Report

This procurement report offers key insights on the best practices for supplier selection and the strategies for category management.

  • Published: Aug 2017
  • Pages: 83
  • SKU: IRCMSTR14623
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Key Features of Report

 

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Energy Consulting - Category Spend Analysis

According to procurement analysts at SpendEdge, a key reason behind the growth of the global energy consulting market is the increase in government regulations on the energy sector. Governments worldwide have imposed regulations to curb greenhouse gas emissions through promotion of energy-efficient equipment such as LED lights and alternative energy sources (renewable energy such as wind energy, hydroelectricity, and solar energy). As a result, the energy consulting sector is experiencing growth as industries (such as power generation, utilities, construction, and transportation) across countries such as the US, the UK, and China have taken initiatives and pledges to reduce carbon emission based on government mandates. For instance, the Chinese government has pledged to reduce carbon emissions to 41%-46% by 2020 compared with the 2005 level.

Energy Consulting - Procurement Best Practices

Procurement managers must implement robust strategies and partner with service providers based on relevant industry certifications of their consultant, reviews from prior clients, smart operational facilities, and low carbon generation system, which are evaluated based on assurance parameters.

One of the best procurement practices is to ensure that service providers hire consultants that are certified by reputed energy consulting associations and programs such as Association of Energy Engineers and certified energy analyst program for performing such services. Service providers must also have an average industry experience of 10–12 years, which ensures that they have a clear understanding of industry-specific energy solutions and efficiency.

 Energy Consulting - Procurement Challenges

This procurement research report on the energy consulting market highlights some of the key challenges faced by buyers. A lack of expertise in computing energy management services and volatile regulatory policies and prices restrict procurement managers from making cost-saving investments in energy efficiency.

A key procurement pain point experienced by procurement managers in this market space is the volatility in regulatory policies and energy prices making it difficult for buyers to select and optimize appropriate environmental strategies. Therefore, service providers face challenges in estimating accurate budget for a long-term energy-efficient project due to volatile energy resource prices. For instance, instability in fuel prices affects inventory management and supply chain integration, which increases the probability of onshore and offshore methods of producing energy. However, these renewable energy assets have high installation cost and require large areas. Also, it is difficult to capture renewable energy due to its fluctuating nature. Hence, buyers need to have an appropriate mechanism in place to procure energy.

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PART 1: CATEGORY AT A GLANCE

  • TAKEAWAY 01 | Market Overview
  • TAKEAWAY 02 | Demand and Supply Snapshot
  • TAKEAWAY 03 | Key Market Dynamics
  • TAKEAWAY 04 | Supply Market Highlights
  • TAKEAWAY 05 | Pricing Insights
  • TAKEAWAY 06 | Procurement Insights

PART 2:  SCOPE OF THE REPORT

  • Category Definition
  • Research Methodology

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Category Maturity by Regions
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Other Prominent Suppliers by Region: Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Other Prominent Suppliers by Region: Functional Capability Matrix
  • Key Clients/Partners
  • Supplier Cost Breakup
  • Supplier Positioning Matrix

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Models – Pros and Cons
  • Indicative Pricing

PART 6: PROCUREMENT INSIGHTS

  • Major Category Requirements
  • Major Procurement Pain Points
  • Category Sourcing Evolution Matrix
  • Procurement Best Practices
  • Cost-saving Opportunities
  • Supplier Selection Criteria
  • Category Negotiation Strategies
  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis

PART 7: TOP FIVE SUPPLIERS

  • McKinsey    
  • Deloitte    
  • Accenture    
  • PwC    
  • General Electric  

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us

Research Framework

SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary research

  • Procurement heads
  • Category managers
  • Sourcing consortium professionals
  • Industry experts and thought leaders
  • Procurement managers
  • Category heads of suppliers
  • Client account heads/managers
  • Client and industry consultants

Secondary research

  • Industry journals and reports
  • Periodicals and new articles
  • Category webinars
  • Internal categiry playbooks
  • Industry and government websites on regulations and compliance
  • Internal databases
  • Industry blogs/thought leader briefings

DATA ANALYSIS

SpendEdge INSIGHTS

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