Rise above market disruption and change
Modern Energy, Chemical and Industrial companies are used to dealing with change. But, between major oil price wars, a surge in new regulation, and the global disruption caused by the COVID-19 crisis, the landscape across these industries has become harder to navigate than ever before.
To succeed today, Energy, Chemical and Industrial leaders must:
- Ensure reliable and stable supply of scarce and highly valuable raw materials, especially from nations and regions going through significant geopolitical change
- Adapt to frequent changes in regulation impacting the materials they can use, how they can use them and what they can effectively market to customers
- React quickly to changes in the markets they serve and keep strategies flexible during times of significant supply and demand disruption
- Tackle significant labour shortages, especially labour skilled and experienced in working with new automated technologies
- Prepare for the emergence of new raw materials which create entirely new procurement categories, and master those categories quickly
Here's how we can help
With Procurement and Supply Chain solutions from The Smart Cube, you can:
- Keep a close eye on market developments and react faster to price, supply and regulatory changes that could impact your profitability
- Master new raw material markets quickly and create robust procurement strategies for new categories as soon as they emerge
- Gain a broader view of the field you operate in and look beyond basic market forces to identify deeper opportunities for innovation and saving
- Evaluate suppliers with greater scrutiny and gain a deeper picture of supplier health when making strategic collaboration and supply decisions
Category Intelligence
Procurement teams are challenged by increasingly volatile supply markets and continued pressure to cut costs. But with huge swathes of unreliable public information and diverse datasets from procurement and finance systems, it is harder than ever to build and optimise effective category strategies, and identify valuable opportunities.
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Commodity Intelligence
Commodity market volatility in pricing, supply and demand has a direct and significant impact on your organisation’s procurement budget, ability to deliver savings and overall profitability. The trouble is, many commodity markets are exactly that – volatile.
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Supplier Engagement
Great procurement strategies are built on strong, mutually beneficial supplier relationships. When buyers and suppliers work towards agreed performance goals together – by sharing data, insights and ideas – risks decrease, innovation opportunities are uncovered, and costs can be optimised with ease.
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Supplier Risk Intelligence
For businesses with a large supplier base and complex supply chains, managing third-party supplier risk is a major challenge. 61% of CPOs feel procurement risks are increasing, 59% say they are unprepared to address them (Deloitte Global CPO Survey 2019 and The Hackett Group Survey 2019).
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Procurement Analytics
Modern procurement teams are faced with managing fast-evolving demand-supply situations, disruptive trends and a multitude of vendors, however diverse information sources often result in conflicting indicators.
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Transportation Analytics
Transportation typically accounts for around half of all supply chain costs. If an organisation lacks the insight needed to optimise transport operations, costs can spiral, other processes can suffer, and customer experiences can fall far short of modern expectations.
Find out more>Get the right insights into the right hands – fast
The Smart Cube provides Analytics and Digital Solutions to help you:
- Extract greater value from your data by bringing dispersed data sets together, cleaning them and analysing them as one
- Extend your visibility by augmenting your data with expertly curated third-party data sets that help you better understand your markets
- Accelerate insight delivery through self-service platforms that empower everyone in your team with analytics insights whenever they need them
- Harness the power of AI and Machine Learning using both pre-built and custom algorithms that provide deep analytical insights, fast
Analytics Centre of Excellence
Today, most organisations have started their journey with analytics – but few have been able to realise its full value and scale up to support the entire business.
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Procurement Analytics
Modern procurement teams are faced with managing fast-evolving demand-supply situations, disruptive trends and a multitude of vendors, however diverse information sources often result in conflicting indicators.
Find out more>
Transportation Analytics
Transportation typically accounts for around half of all supply chain costs. If an organisation lacks the insight needed to optimise transport operations, costs can spiral, other processes can suffer, and customer experiences can fall far short of modern expectations.
Find out more>