In an era of high energy prices, the pressure on power and utility companies to deliver greater efficiency and operational effectiveness is greater than ever.
Higher input costs, stretched supply lines and the need to invest in expanded and diversified infrastructure are putting significant additional cost into the value chain.
But there are limits to how far costs can be passed on to end-users. This means that internal efficiency and performance are even more vital. Smart asset management is becoming increasingly important, especially at a time when so much infrastructure needs to be built.
Developing new infrastructure has to run alongside the challenge of getting the most out of aging assets. Mature systems and software often add to the task. Maximising the value of both the new and the old is the name of the game. Companies need to balance cost effectiveness versus risk while developing regional and global structures. Sourcing, procurement and inventory management have to be of the highest order.