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Energy procurement staff 'need to embrace new strategies'
Managers involved in energy procurement are having to change their tactical outlook to cope with mounting industry pressures, according to a sector expert.
Gary Worby, managing director at energy broker EnergyQuote JHA, told Supply Management at the recent Energy Event 2012 that the government's Electricity Market Reform and rising energy prices are having an impact on procurement operations.
Over the next decade, efforts will be made by the government to phase out the use of coal and nuclear power, while 50 per cent less gas is expected to be produced from the North Sea, thus increasing the need for sustainable and economical solutions.
As such, buyers are finding it necessary to produce risk management strategies that allow them to secure more broad-ranging long-term contracts.
Mr Worby said: "Procurement has turned into a full-risk management portfolio structure, rather than a one-off purchasing activity. Energy is no longer a buy-only product, it's a buy and sell product."
Earlier this month, Andrew Underwood, partner at KPMG Management Consulting, noted that the fashion industry is another sector in which changing demands are placing an increased emphasis on efficient supply chain organisation.
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