Rise above market disruption and change
Modern Energy, Chemicals and Industrials companies are used to dealing with change. But, between major oil price wars, a surge in new regulation, and the global disruption caused by the COVID-19 crisis, the landscape for companies in aerospace & defence, construction, chemicals, engineering, metals & mining, oil & gas and utilities has become harder to navigate than ever before.
To succeed today, Energy, Chemicals and Industrials leaders must:
- Ensure reliable and stable supply of scarce and highly valuable raw materials, especially from nations and regions going through significant geopolitical change
- Identify and embrace emerging technologies to identify new opportunities in order to stay ahead of competition
- React quickly to changes in the markets they serve and keep strategies flexible during times of significant supply and demand disruption
- Identify saving opportunities among cost pressures arising out of trade barriers and rising inputs’ costs to stay competitive and serve emerging needs
- Prepare for the emergence of new raw materials which create entirely new procurement categories, and master those categories quickly
Here's how we can help
With Procurement and Supply Chain solutions from The Smart Cube, you can:
- Keep a close eye on market developments and react faster to price, supply and regulatory changes that could impact your profitability
- Master new raw material markets quickly and create robust procurement strategies for new categories as soon as they emerge
- Gain a broader view of the field you operate in and look beyond basic market forces to identify deeper opportunities for innovation and saving
- Evaluate suppliers with greater scrutiny and gain a deeper picture of supplier health when making strategic collaboration and supply decisions
Category Intelligence
Procurement teams are challenged by increasingly volatile supply markets and continued pressure to cut costs. But with huge swathes of unreliable public information and diverse datasets from procurement and finance systems, it is harder than ever to build and optimise effective category strategies, and identify valuable opportunities.
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Commodity Intelligence
Commodity market volatility in pricing, supply and demand has a direct and significant impact on your organisation’s procurement budget, ability to deliver savings and overall profitability. The trouble is, many commodity markets are exactly that – volatile.
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Supplier Risk Intelligence
For businesses with a large supplier base and complex supply chains, managing risks is a major challenge. A staggering 95% of businesses responding to The Smart Cube’s recent risk survey state they struggle to detect risks well in advance of their occurrence. Not only are they exposed to wide-ranging risks associated with suppliers but also risks relating to the broader supply markets and geographies. As a result, an increasing number of companies are experiencing disruptions due to issues with their tier 1 and sub-tier suppliers.
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Procurement Analytics
Modern procurement teams are faced with managing fast-evolving demand-supply situations, disruptive trends and a multitude of vendors, however diverse information sources often result in conflicting indicators.
Find out more>Get the right insights into the right hands – fast
The Smart Cube provides Analytics and Digital Solutions to help you:
- Extract greater value from your data by bringing dispersed data sets together, cleaning them and analysing them as one
- Extend your visibility by augmenting your data with expertly curated third-party data sets that help you better understand your markets
- Accelerate insight delivery through self-service platforms that empower everyone in your team with analytics insights whenever they need them
- Harness the power of AI and Machine Learning using both pre-built and custom algorithms that provide deep analytical insights, fast
Analytics Centre of Excellence (CoE)
Today, most organisations have started their journey with analytics – but few have been able to realise its full value and scale up to support the entire business.
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Procurement Analytics
Modern procurement teams are faced with managing fast-evolving demand-supply situations, disruptive trends and a multitude of vendors, however diverse information sources often result in conflicting indicators.
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“At a time when driving greater value through our business utilising Market intelligence has never been more critical, having a trusted, dynamic and agile partner in our business is imperative. As a organisation we are appreciative of the outstanding efforts from all of our suppliers, but have to recognise The Smart Cube Team as the TSUK Supplier of the year 2023.”
Stephen Horn - Tata Steel UK