More than ever before, Global 1000 organizations rely on procurement to provide incremental sources of value—and electric and gas utilities are no different. With evolving supplier capabilities and the advancement of new global markets and technologies, organizations are now able to search the world for additional savings opportunities in their ongoing effort to manage costs and drive more value for the enterprise. Global sourcing for electric and gas utilities has its own unique intricacies. The expansion of supply channels to a global marketplace is most often geared toward low-cost multinational purchasing in order to reduce end-user costs.
This whitepaper will examine these key considerations for sourcing globally:
- Trends in global sourcing: general and utility-specific.
- Key countries and products for low-cost sourcing.
- Approaches to overcoming challenges used by successful organizations.
- Success factors for utilities.
Categories: Whitepaper
SRC Type: Sourcing, Strategy