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Elevating Supply Chain Procurement to a Strategic Function in Energy Companies
Supply chain procurement needs to be elevated into a strategic function at companies. It is imperative for companies to consider sourcing as a core part of their strategy, including understanding supply base and building long-term relationships. Unconventional plays in the supply chain, such as using third parties as buyers for multiple entities, can lead to better outcomes. For example, utilities and renewable companies can work with their partners to buy equipment and hold inventory.