There are many ways to slice and dice the P2P process. ScottMadden has found it helpful to think in terms of upstream processes—the world of sourcing and purchasing—and downstream processes—the world of accounts payable.
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There are many ways to slice and dice the P2P process. ScottMadden has found it helpful to think in terms of upstream processes—the world of sourcing and purchasing—and downstream processes—the world of accounts payable.
The number of rate cases filed each year by electric and gas utilities has consistently increased over the past 10 years. Some utilities are taking a more structured approach to the re-engineering of their rate case development processes and broader steps to improve other attributes reflected in a defined “maturity model.” By doing so, utilities can dramatically improve the outcome of future rate cases.
This article provides insights into this structured approach.
How do we define demand planning? It is the planning work that must be done to position supply chain to consistently deliver the right materials or services to its internal customers at the right time, right place, and right price. Good demand planning is absolutely essential to success in supply chain management. Some hallmarks of an effective demand planning process are illustrated below.
We are pleased to announce our Winter 2012-2013 issue of The ScottMadden Energy Industry Update. This semi-annual publication features our view of recent significant events and emerging trends in the energy industry.
The November 2012 election results, a mixed economic outlook, low energy demand growth, and less bullish views of the utility sector weigh on decision making in the executive suite of energy and utility companies. Read more below.
Storms have tested the grid and rate recovery of storm recovery costs has become contentious, while allowed equity returns continue their downward trend. Meanwhile, new infrastructure concerns are emerging as the power and gas industries become increasingly intertwined. Read more below.
More than ever organizations understand the value effective analytics can have on their businesses. Most organizations face two primary obstacles in realizing the value of analytics: the lack of technology integration and the inability to secure and develop the right talent. Many companies are investing in predictive analytics capabilities, but they are still in the early stages of maturity. We found that only a few companies have been able to make the necessary investments to successfully overcome these obstacles and reach the end-state benefits so often attributed to effective use of predictive analytics.
Many articles and papers have been written about the benefits and value of analytics. Over the last several years, leaders have realized the impact effective analytics can have on their organizations. As these leaders attest, the benefits are indeed real. However, the process to achieve effective and comprehensive predictive analytics capabilities is a journey. And, as with any journey, the best way to understand where you would like to go is by first knowing where you are.
ScottMadden believes that electric/gas convergence poses significant risks, and opportunities, to individual businesses in both the gas and electric industries. Some companies will make money due to this interdependence. And some will find themselves in the newspapers, front page, top of fold.
With ever increasing performance pressures on fossil units, operators will be required to do more with less. In the face of these challenges and myriad others, benchmarking is a critically important tool. This report outlines ScottMadden’s approach to fossil fleet benchmarking, which provides operators with the analytics needed to succeed.
Sussex Economic Advisors is now part of ScottMadden. We invite you to learn more about our expanded firm. Please use the Contact Us form to request additional information.