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Admit it: Sometimes we all need a map. In this case, we’re not talking about Rand McNally but rather an aid in navigating the unpredictable energy market. If your energy procurement goals include budget stability, recent market trends can be downright terrifying. But take heart! There really are steps you can take to steer your […]
Energy procurement requires a significantly different process than the procurement of most other goods and services. If you’ve been your organization’s procurement officer for any length of time, this is likely not the first time you’ve heard that. This series on the “Top Energy Procurement Mistakes” seeks to explain why this process is such a different beast.
For the free market to work its magic in establishing prices through the force of supply and demand, you have to have several key ingredients – one of which is an informed buyer. As a buyer of energy, this means that to have the best chance of success in achieving the best pricing, you must […]
For those of you playing along at home, we are now on the third installment in our five-part series on the key aspects involved in hiring an energy advisor. The genesis of this series has been in response to the trend we see in the industry toward more and more organizations (both public and private) […]
In our previous installment, we started a five-part series with advice for the energy buyer when engaging an energy advisory firm to assist with the procurement and management of energy supply. We highlighted the five key factors to consider: Experience Full-Service Solutions Wholesale Market Expertise Strategic Approach Independent Status We initially discussed how important “experience” […]
In this webinar, we discuss the mistakes most energy procurement professionals make, why they happen, and how to fix them.
In the world of finance and procurement, some of the preferred buzzwords include “conservative,” “stable,” and “predictable.” Because of the need to keep operational costs as low as possible, energy procurement presents a unique set of challenges to businesses that use a lot of energy. To begin with, energy commodities are volatile – and electricity […]
“Outsourcing” as we know it today traces its modern roots back to the business climate of the 1970s and 80s. It was around this time that many organizations turned to outsourcing as a way to remain competitive in a global economy. During this time, the mindset was that in order to compete, organizations must focus […]
