Supply Chain Intelligence

Identify cost savings and operational efficiencies across your organisation

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Understand and drive down costs within your supply chain

Within the energy and natural resources industry, higher costs in key commodities are impacting CAPEX and OPEX costs significantly. As such, organisations are looking for ways to mitigate these risks.

With so many costs associated with the supply chain, it is a key focus area to gain a competitive advantage. However, it is a relatively untapped avenue to identify cost savings as the data within many organisations is poorly categorised and inaccurate.

To gain true data visibility, conduct effective performance benchmarking and succeed in supplier negotiations, organisations require access to reliable spend analytics overlaid with dynamic market insights. With accurate in-depth analysis, organisations can not only identify realistic cost saving opportunities but can also leverage market trends and anticipate emerging risks.

We provide unique insights to support actionable in-depth data analysis and strategic decision making

Our energy supply chain and cost coverage was significantly expanded in 2021 due to the combination of Wood Mackenzie with PowerAdvocate, a leader in supply chain intelligence for long-term cost optimisation, CAPEX and OPEX budgeting and supplier risk management.

The Supply Chain Intelligence Platform features:

$6+ Trillion of Supply Chain Spend​

400+ Million Price Points​

1+ Million Global Suppliers

7,500+ Cost Models​

30,000+ Market Indices​

5,000+ Benchmark Studies

Our products

Built for the energy supply chain, our unique cloud-based software solutions provide actionable, in-depth data and analysis which enable our customers to achieve significant, sustainable cost reduction.

Spend Intelligence

Spend Intelligence

Manage external spending with precision

 

 

Executing on savings opportunities relies on enterprise spend data assets that are complete, accurate, granular, and dynamic. In a highly complex and nuanced industry, only a firm with an energy and natural resources-specific focus and data-at-scale can enrich and classify data to empower firms to: 

  • Quickly and easily report company data from a centralized, intuitive, and accessible platform 
  • Ensure focus in the right areas of opportunity 
  • Reduce price variance across the enterprise 
  • Achieve cost efficiencies commensurate with their global reach and industry depth

Cost Intelligence

Cost Intelligence

Identify market-based risks and opportunities

 

 

Many firms struggle to answer the question “how does my pricing compare with the market?” Cost Intelligence helps firms:

 

 

 

  • Access thousands of cost models and indices, should-cost capabilities, and qualitative market commentary reports to act quickly

  • Achieve substantial savings through data-driven and transparent supplier negotiations

  • Forecast and predict market-based cost risks

Supply Market Intelligence

Supply Market Intelligence

The digital future of energy and natural resources market insights

 

Supply Market Intelligence is the data cockpit for category and supply management teams, purpose-built to empower teams to focus on the strategic by automating the tactical. Supply Market Intelligence arms teams with the ability to:

 

  • Collaboratively weave together all the critical business and market data to inform category decisions
  • Efficiently create, execute, and update category plans in a standardized, centralized, and cloud-based format across the organization
  • Seamlessly provide dynamic executive reports on key performance metrics
 

Sourcing Intelligence

Sourcing Intelligence

Drive procurement savings and efficiency

Sourcing Intelligence is specifically designed for the energy and natural resources industry and makes competitive bidding easy and efficient. With standardized data collection and reporting, go-to-market templates, customizable datasheets, and access to our database of suppliers, firms can:

  • Accelerate strategic sourcing activity through reduced cycle time
  • Unearth hidden margin and gain negotiation leverage through granular bid data analysis
  • Easily collaborate with business stakeholders across engineering, finance, operations, leadership, and procurement
  • Centrally track, measure, and report on savings over time

Supplier Intelligence

Supplier Intelligence

Manage best-in-class SRM programs

Discovering and working with diverse suppliers, scaling supplier performance management, and ensuring regulatory compliance are core vendor management challenges. That’s why our Supplier Intelligence product focuses on three core capabilities:

  • Improve supplier performance with our energy and natural resources-specific KPI library, and easily collect, analyse, and report on supplier information for fact-based conversations
  • Automate and streamline the critical processes of ensuring compliance, meeting safety standards, and mitigating risk
  • Grow a diverse supply base through our proprietary supplier database, manage supplier diversity qualifications, and automate Tier 2 info collection and reporting

Contract Intelligence

Contract Intelligence

Capture the full value of contract terms

Contract Intelligence empowers firms to achieve maximum contract value and prevent contract leakage by increasing visibility into compliance and performance across all enterprise vendor agreements by:

 

  • Ensuring delivery of negotiated results by measuring supplier KPIs
  • Providing stakeholders with quick, central, and intuitive access to critical information that’s otherwise scattered across the business
  • Automating and digitizing index-based price escalation

Wood Mackenzie & PowerAdvocate

PowerAdvocate is now part of Wood Mackenzie. We've joined together to effectively meet our customers' ever changing needs. In the coming year, you'll begin to see both businesses join together and use the Wood MacKenzie brand going forward as we combine our teams and product sets.

Explore our featured products

Gain clarity on your supply chain costs with our suite of products:

Cost Intelligence

Spend Intelligence

Supply Market Intelligence

Sourcing Intelligence