Given this squeeze between mandated investments and flat-line growth, cutting costs is no longer an option, but a requirement for survival. Continuous cost regulation is the best way to ensure that savings earned in the first year are not lost in the second and requires a long-term focus with continuous assessment and accountability. This will enable the CPO to develop absolute clarity of a company’s performance relative to its peers.
In today’s ever increasing demand for energy & utilities and a regulatory support for non-carbon based sources and alternate or cleaner energy sources will require companies to meet these aggregating technological and public policy developments at a declining cost.
To deal with the growing demand on smarter grids, achieve efficiencies and process improvements, companies will be required to adopt the right technology and the right partner who can help derive maximum value from supply chain and lead to continuous cost regulation in the company.
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And these changes are likely to dramatically impact customers, employees, investors, and the availability of capital to fund future investment. The timing of such transformative changes will never be known, but with the potential for technological innovation becoming economically viable due to increasing customer arguments and regulation, procurement specialists will need access to power and knowledge to proactively assess the impacts and alternatives available to address these disruptive challenges in a timely manner.
In crafting a continuous cost regulation plan, procurement teams need to weigh the pros and cons of each savings area, monetize the savings and track the impact on the company’s profit and loss statements. Your team will be able to gain comprehensive visibility across the upstream and downstream procurement activities with a robust, secure and paperless network and take advantage of tangible and intangible prospects.
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Browse through some of our customer case studies and videos:
Read the case study to understand how Zycus' Supplier Management Solution helped a Fortune 500 Energ...DOWNLOAD
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We believe in empowering organizations through procurement knowledge sharing. From research reports to whitepapers to webinars, read about and listen to a wide range of trending procurement topics from the knowledge hub.
The interactive panel discussion will feature a case study of The Mentor Network and will revolve around the best practices involved in applying Guided Procurement...Access Now
This whitepaper explores the key measures for improving P2P process efficiency and steps lagging performers can take to close the P2P efficiency gap...