Power and utilities: a closer look at supply chains
What’s the fix?
Using a five-step assessment approach, we help identify challenges and opportunities.
This approach, based on the Supply Chain Operations Reference (SCOR) model, helps organizations identify the challenges and opportunities to improve the interactions and information flow between the supply chain and work management functions.
- Conduct a baseline assessment
Including a review of the documented supply chain and work management processes, the execution of these processes, the flow of critical process information between the two business units, and the performance monitoring and oversight of the cross-functional performance of these processes.
- Gather performance benchmarks
Including other utilities, other similar industries, and such industry organizations as the Electric Power Research Institute (EPRI) and Nuclear Energy Institute (NEI). These benchmarks should be considered when evaluating processes and performance during the subsequent gap analysis.
- Perform a gap analysis
Identify those areas where performance exceeds, meets, and falls short of the established benchmarked references. Shortfall areas represent areas for improvement.
- Identify improvement opportunities
Determine the actions and initiatives to close the identified performance gaps. At the same time, conduct a cost-benefit analysis for each improvement action to prioritize activities based on their value to the organization.
- Build a roadmap
Arrange prioritized improvement initiatives on an implementation timeline that includes measurable performance improvement targets.
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