Supply Market Intelligence
Perform market comparisons with granular industry benchmarks at the unit rate, category and project level.
Evaluate whether supplier contracts are competitive
Typically, the data required to conduct like-for-like comparisons of cost performance with the market is severely limited. Supply Market IntelligenceTM offers unit pricing and key benchmarking insights to inform your development strategies and identify cost-saving opportunities.
Features and workflows
We offer recurring item, service, or project-specific benchmarks to provide visibility into performance against the market.
Key features of Wood Mackenzie's Supply Market Intelligence allow organisations to:
- Drive visibility into highly technical equipment and service costs, identifying where cost efficiencies can be gained across individual components
- Identify where cost efficiencies may be gained through granular insight into price performance on individual components
- Evaluate whether contracted rates are competitive with the market and establish baseline target pricing
- Generate ground-up, component-by-component, $/Watt project cost estimates for key renewable energy technologies
- Forecast renewable energy project costs 5 years into the future, to inform estimating and planning
- Analyse efficiency and KPM achievement through internal performance benchmarks
Wood Mackenzie's Supply Market Intelligence provides data including:
- Proprietary data assets, including over $8 Trillion in transaction industry spend, over 400 million transactions, over 5,000 completed benchmark analyses and over 120,000 bid events
- Recurring benchmark analyses, comprising peer-set maximum, average, and minimum pricing
- Benchmark analyses built at both the item and project-level
Wood Mackenzie's Supply Market Intelligence enables a number of key workflows including:
Supply chain management:
- Gain a better understanding of historical spend to identify cost reduction opportunities
- Cleanse historical transactional data to obtain visibility into enterprise recurring spend
- Inform cost reduction opportunity identification and category strategy development
- View baseline spend data for additional analytical insights
Project management:
- Understand project cost estimation and analyse budgeted versus actual cost performance across historical projects
- Leverage internal data to optimise costs during procurement and execution
Financial forecasting:
- Gain high-quality internal cost data to inform accounting and forecasting
- Leverage cleansed enterprise spend data to improve the accuracy, granularity and completeness of your financial analyses
Why choose Wood Mackenzie's Supply Market Intelligence?:
The modules within our Supply Chain Intelligence Platform offer data and insights to support cost reduction, risk management and performance improvement. Supply Market Intelligence enables you to evaluate contracted rates against the market to conduct data-driven project cost estimation and budgeting.
Frequently asked questions
Here you’ll find answers to the most common questions you may have on Wood Mackenzie’s Supply Market Intelligence. If you have any other questions, get in touch.
Supply Market Intelligence works well coupled with Renewable Asset Cost Modelling (RACM). RACM provides the ultimate $/W, $/MW, or $/MWH benchmark pricing in the market today. Together, customers gain deep visibility into equipment and service costs to pinpoint cost efficiencies.
Supply Market Intelligence offers an end-to-end unit rate benchmarking solution. Evaluate whether contracted rates are competitive with market rates and establish baseline target pricing. Easily identify where cost efficiencies may be gained through granular insight into price performance.
Wood Mackenzie offers unmatched support from our expert, in-house analysts to answer questions around the volatile supply chain market and the driving forces behind cost movements.
Contact an expert
Whether you are looking for ways to identify cost efficiencies or monitor item costs for smarter business decisions, our in-house experts can advise you. Contact us today.
