Driving value through supply chain for energy companies
Expert practitioners, backed by proprietary market intelligence, driving cost savings and execution certainty across capital programmes, category management, IT procurement, capability development, M&A and risk.
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Supply chain execution is now mission-critical
Energy demand is surging, driving capital investment at a pace few organisations have seen before. At the same time, supply chain risk and inflationary pressures are converging to squeeze project economics and increase risk. In this environment, supply chain has become a critical lever for competitiveness - not a back-office function.
At Wood Mackenzie
We combine energy and natural resources expertise with supply chain consulting, backed by proprietary data platforms like our Supply Chain Intelligence Platform (SCIP) and P&R Supply Chain Cost Hub. We support clients across capital programmes, category management, IT procurement, capability development, M&A, and supply chain risk and market intelligence, from initial assessment through execution, drawing on insight from $9 trillion in energy supply market spend.
How we support clients
Assess and benchmark
Market, category and supplier assessments, spend analysis, cost benchmarking and performance reviews can be used to establish the current position and identify areas for further consideration.
Develop the approach
Findings can be translated into category strategies, sourcing plans, operating model changes, savings roadmaps and supply chain risk-management actions.
Support implementation
Our teams can provide support across RFx execution, sourcing, contract structuring, supplier management, capital programme delivery, programme management and supply chain transformation.
Build capacity
Capability development, change management, supplier relationship management, performance monitoring and knowledge transfer can support longer-term adoption within the organisation.
Our experience at scale
Our supply chain consulting work is supported by sourcing intelligence, benchmark studies, cost models and industry expertise across a broad range of supply chain categories.
> $9 Trillion
Supplier spend classified using proprietary industry schema
100,000+
Sourcing events represented within procurement activity data
7,500+
Cost models used to monitor item-level cost movements over time
20,000+
Benchmark studies support cost and performance analysis
Our supply chain consulting services
Comprehensive support across delivery, costs, transformation, transactions and risk, enabling you to optimise performance and build competitive advantage across your entire supply chain.
Contract structuring, alliance contracting, RFx execution and vendor selection for major capital equipment, EPC and long-term service agreements.
Key areas of support:
- Contract structuring and alliance contracting
- Contracting strategy and package definition (EPC, EPCm, equipment supply and long-term service agreements)
- RFx strategy, development and execution
- Supplier market assessment and bidder shortlisting
- Bid evaluation, scoring and vendor selection
- Commercial negotiation and award support
Outcome: Competitive, well-structured contracts that allocate risk appropriately and set capital projects up for successful delivery.
Procurement planning, programme management office (PMO) design and staffing, and delivery oversight across capital programmes.
Key areas of support:
- Capital programme delivery and PMO design, set-up and staffing
- Portfolio visibility and integrated reporting across projects and suppliers, including procurement planning and long-lead equipment tracking
- Field contract administration, including change order management, invoice and milestone verification, and commercial compliance
- Delivery tracking from order through fabrication, shipment and site receipt, with early flagging of schedule slippage
- Supplier site visits to verify progress, quality and readiness to ship
- Supplier and owner’s engineer performance management, including KPI and scorecard development
- Governance structures and roles and responsibilities (RACI) across owner, engineer and contractor teams
Outcome: Realistic timelines, accurate cost forecasts, and de-risked delivery from the outset.
Unit-rate benchmarking, category strategy, strategic sourcing and execution, O&M cost reduction and inventory optimisation.
Key areas of support:
- Inventory optimisation and demand forecasting
- Procurement and supplier performance analysis
- Cost and performance benchmarking
- Supplier and spend segmentation
- Strategic sourcing and category management
- Unit-rate benchmarking and cost modelling
Outcome: A structured evidence base for sourcing and cost decisions, driving competitive spending and identifying hidden optimisation opportunities.
RFx execution, vendor negotiation and vendor management for ERP modernisation and other large-scale IT programmes.
Key areas of support:
- IT sourcing strategy and vendor landscape assessment
- RFx development and execution for ERP software and systems integrator selection
- Software, licensing and implementation contract negotiation
- Commercial terms, pricing and total cost of ownership analysis
- Vendor management and performance governance across programme phases
- Evaluation and selection of digital and AI solutions
Outcome: Competitive commercial terms and disciplined vendor management that keep modernisation programmes on budget and on track.
Talent sourcing, training and transfer, supply chain managed services, and operating model and capability design to strengthen and extend your supply chain team.
Key areas of support:
- Candidate sourcing and transfer into client supply chain teams
- Training academy and curriculum design, including reverse shadowing
- Supply chain managed services delivered through embedded teams running sourcing events and providing category management support
- Organisational and operating model redesign
- Capability development and governance structure design
- Digital and AI enablement for supply chain teams
- Programme governance and performance reporting
Outcome: Wood Mackenzie-certified supply chain teams with the skills and capacity to deliver growing capital programmes, with knowledge transferred into the organisation.
Supplier and category risk assessment, market and pricing intelligence, supplier diversity and ESG, tariff impact analysis, and scenario assessment and planning.
Key areas of support:
- Supplier and category risk assessment
- Supplier concentration and dependency analysis
- Supply chain exposure mapping
- Market and pricing intelligence, including equipment and commodity price trends and lead times
- Tariff impact analysis and trade headwind forecasting
- Supplier diversity programme development
Outcome: Greater visibility of supply chain risk, resilience and market conditions, enabling informed sourcing and strategic decision-making.
Opportunity assessment, savings roadmap development, change management and value capture across transaction and integration activities.
Key areas of support:
- Supplier and spend analysis
- Sourcing and market assessment
- Unit-rate benchmarking and cost modelling
- Peer and performance benchmarking
- Due diligence and synergy identification
- Post-transaction cost target validation
- Integration planning and change management
Outcome: Evidence-based synergy identification, validated cost targets, and successful value capture through integration.
Contact an Expert
What sets WoodMac's approach apart
- Integrated access to industry expertise, analytics, and real-time market intelligence
- Independent, unbiased advice grounded in deep sector knowledge
- Practical, execution-led support from strategy through to delivery
Speak to one of our supply chain experts to explore how we can support your organisation.
For details on how your data is used and stored, see our Privacy Notice.
FAQ
Answers to key questions about supply chain consulting, including risk management, performance improvement, data-driven decision-making, and strategies for building more resilient and efficient supply chains.
Supply chain consulting supports organisations in assessing and improving how they plan, source, contract and manage suppliers, and operate supply chains. At Wood Mackenzie, this work is grounded in deep energy and utility sector expertise, combined with proprietary data and embedded practitioner teams - covering capital programme sourcing and contracting, project procurement and delivery assurance, cost management and category optimisation, IT procurement, capability and capacity development, supply chain risk & market intelligence, mergers and acquisitions support.
Wood Mackenzie's supply chain consulting is purpose-built for the energy and natural resources sector, including utilities, power and renewables, and natural resources companies, with deep experience navigating capital-intensive procurement and complex supplier markets.
Wood Mackenzie's consultants embed directly with client teams rather than operating remotely, providing hands-on support across strategy, execution and governance. Engagement models range from light-touch advisory to fully embedded, retained resources depending on client needs.
Benchmarking provides a reference point for comparing costs, processes, supplier performance and organisational capabilities. Wood Mackenzie's benchmarking draws on over 20,000 benchmark studies and industry-specific unit rate data, helping clients identify savings opportunities and build an evidence base for improvement.
Data and analytics support spend assessment, cost benchmarking, supplier analysis, forecasting and performance evaluation. Wood Mackenzie's Supply Chain Intelligence Platform (SCIP) and P&R Supply Chain Cost Hub bring this together - combining spend intelligence, supplier intelligence and market data into a single view that informs sourcing and category strategy.
Clients typically see 5-10x ROI on supply chain consulting engagements, through cost savings, faster execution and reduced risk - supported by Wood Mackenzie's data, benchmarks and experienced practitioners.
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