| | AUGUST 20216Copyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof. E ERGYTech Review AUGUST - 01 - 2021, Vol 04 - Issue 05 Published by ValleyMedia, Inc. To subscribe to Energy Tech ReviewVisit www.energytechreview.com SalesRich Gonsalvesrich@energytechreview.comVisualizersScott JuasyManaging EditorCharlotte SmithE ERGYTech ReviewEDITOR'S DESKThe energy sector is undergoing fundamental change when it comes to procurement. Procurement organizations in many utilities have significantly advanced their capabilities in the past decade, introducing concepts of strategic sourcing and improving management of spend, suppliers and contracts. Currently, organizations rely heavily on digital technology to facilitate sourcing and procurement functions while tracking payments and purchases. The demand for services to mitigate supply risks, optimizing working capital and cash flow while maintaining profitability is gaining prominence. The application of digital technologies to automate sourcing and procurement processes is gaining traction and this trend will favor the market growth over the forecast period.As supply chains focus on modernizing processes to ensure productivity and improve business operations, the demand for procurement as a service continues to grow. The scale of the pandemic is a wake-up call for service providers as traditional procurement models are no longer feasible. Procurement service providers have shifted their focus from running negotiation contracts or sourcing processes to partnering with businesses to ensure the short and long-term continuity of their clients.In this edition of Energy Tech Review, we bring you the story of some of the most successful procurement service companies that deliver the best outcomes for their clients. This edition also offers a combination of thought leadership from subject matter experts with real-life stories on fostering robust partnerships and exclusive insights from CIOs and CXOs. We hope this edition will provide you the assistance in choosing the right procurement service company according to your requirements.Let us know your thoughts!Charlotte SmithManaging Editoreditor@energytechreview.comBringing the World Closer via Digital Procurement*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditorial StaffAaron Pierce Ava GarciaVian IsaacJoshua Parker Kenny Peruzzi
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