Power and utilities: a closer look at supply chains
Utilities should consider opportunities to streamline the connectivity between supply chain and work management.
The majority of US power plants were built decades ago.
As these plants age, sustaining the balance of high-quality, cost-effective maintenance is becoming increasingly difficult:
- Evolving technologies render existing plant equipment obsolete
- Globalization of the supplier base demands increasing international, rather than local, component procurement
- Large-scale retirement of skilled workers with the knowledge, experience and relationships critical to effectively maintain and operate existing power plants and build new ones
To achieve the right balance, utilities should consider opportunities to streamline the connectivity between supply chain and work management that can reap substantial cost savings without compromising the quality or integrity of maintenance activities.
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