Energy & utilities companies face many challenges associated with refurbishing, renewing and expanding their power generation fleet. Some of these challenges come with associated costs and require capital investments in pollution control equipment, diversification of the generation mix to include renewables and building new nuclear and fossil power plants.
Implementing best-practice sourcing strategies requires understanding of global, regional and local markets to acquire material, equipment and services relevant to the power generation business. On the equipment and material side, companies are seeking to embrace low cost country sourcing to acquire major components such as air preheaters, large pumps, large motors and coal and ash handling equipment. On the services side, organizations need to implement exceptional contracting capabilities that use gain-sharing models, continuous improvement and optimize warranty obligations, indemnity obligations and insurance requirements.
GEP addresses these challenges by:
- Implementing a long-term supply chain strategy
- Maximizing return on material and service investments
- Developing consistent data tracking