Solar Energy Systems | Suppliers | Pricing Trends , Best Practices

Strategic Sourcing Guide to Solar Energy Systems Procurement

Overview

The market for Energy and its sub-segments such as Solar Energy Systems are at an interesting intersection. The increasing demand for environment friendly solutions is changing the Solar Energy Systems category dynamics as well.

Price volatility is creating multiple challenges that impact the Solar Energy Systems category such as benchmarking and budgeting the procurement costs.

A growing world population and economic development, especially in Asian countries has shifted the demand supply equation and has created a more complex supply chain for Solar Energy Systems category.

Trends like these and many others discussed in this report are necessitating a relook at the way Solar Energy Systems is procured and the procurement cost saving opportunities that exist.

Solar Energy Systems Procurement Best Practices

Solar Energy Systems procurement best practices are moving towards a level of sophistication which is typically seen in traditional procurement categories. Category managers now have an attractive opportunity to adapt the best practices seen within this category as well as those being leveraged in other non-related categories. This report summarizes the best practices picked from across multiple categories that could work well for category managers involved with Solar Energy Systems procurement strategy.

For example, Cost saving opportunities may reduce exponentially in relation to the time left for current contract to expire. Therefore sufficient interval should exist between initation of new procurement and expiration of existing contract for Solar Energy Systems.

Suppliers need to have expertise in demand and price forecasting of fuels as this will help to appropriately set the prices for the contract period.

Competitive bidding as a cost optimization tool is extremely potent but should be carefully deployed only when there is no significant differentiation among Solar Energy Systems suppliers.

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Risks in Solar Energy Systems procurement

Solar Energy Systems procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Solar Energy Systems procurement. Some examples include:

When requirements of the buyers are not absolutely clear or usage patterns are not stable or predictable, suppliers often build in \"cost buffers\" for unforeseen risks due to a lack of complete understanding on buyer's requirements. This increases the risk of overspending on Solar Energy Systems
Pricing terms in the contract could prove to be inadequate to safeguard the buyer from impact of a sudden increase in supplier's cost, often arising from a lack of clarity on scope of products or services to be delivered
Severe weather conditions such as cyclones, floods, tsunamis, and earthquakes can significantly impact the value chains. Moreover, they can result in costly damages to human resources, facilities and infrastructure which can lead to inconsistency in supply

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Who should read this report

The report is intended to serve as a one-stop reference guide for Solar Energy Systems procurement strategy and offers a perfect blend of category basics with deep-dive category data and insights. Therefore, it is ideal for category beginners looking for “Solar Energy Systems: Procurement Report 101” as well as for category experts actively tracking the global Solar Energy Systems procurement market.

You may have just initiated your research to design a winning Solar Energy Systems procurement strategy, or you may be a category expert looking for strategic insights and updated data.Either ways, the report has your requirements covered.

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Key questions on Solar Energy Systems procurement answered by this report

Procurement decisions can prove to be costly in the absence of careful deliberation and evaluation of every available option. In fact, more than 90% of the decision makers we work with acknowledge that timely availability of up-to-date category intelligence can help them make better purchasing decisions. More than 80% of them believe that in-house category intelligence needs to be updated periodically to achieve full benefits. If you have read so far, we are quite sure you agree!!

The Solar Energy Systems procurement report helps take more informed decisions by placing all the critical information and advice at the fingertips of a decision maker. It also specifically answers some of the key questions that we have been routinely asked during our industry outreach initiatives:

What is the spend potential in the Solar Energy Systems market?
What is the correct price to pay for Solar Energy Systems? What are the key trends and factors that influence current and future pricing?
Which selection criteria are the most important for Solar Energy Systems Suppliers Market?
Who are the top Solar Energy Systems suppliers? What are their cost structures?
Which negotiation levers can reduce Solar Energy Systems procurement cost ?
What are supplier margins in Solar Energy Systems market?
What are the best practices for Solar Energy Systems procurement and what are the potential risks?

SpendEdge Insights has helped procurement professionals and sourcing teams manage multiple spend areas and achieve more than $2 billion in savings. Activate your free account today!

Solar Energy Systems Category Insights: What is inside

The Solar Energy Systems market report offers a complete picture of the supply market and analyzes the category from the perspective of both buyers and suppliers. Analysis of the category trends, procurement best practices, negotiation levers and overall category management strategy advisory are interspersed with in-depth data and commentary on spend outlook, pricing ecosystem and supplier landscape drilled down to a region-level coverage.

Data

A key highlight of this report is the in-depth outlook created on Solar Energy Systems procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Solar Energy Systems. A dedicated section to supplier profiles and evaluation helps decision makers cast a wider procurement net and identify gaps in existing relationships.

Insights

Along with specific category and supplier intelligence, the publication also includes curated insights on Solar Energy Systems market trends, price influencers and inherent risks. These insights help the decision makers prepare for market shaping trends in advance and create alternative strategies for changes in the market conditions.

Advisory

Additionally, the report also advises on the best practices and strategies to manage the Solar Energy Systems category efficiently. Negotiation levers and opportunities are explained in detail along with quantification of their potential. Benchmark KPIs for supplier and buyer performance management are also aggregated to better organize the category objectives. Other themes of advisory include ideal procurement organization structure, enablers to achieve KPIs or category objectives and ideal SLAs to have with suppliers.

Category Ecosystem

Buyer and supplier ecosystem
Competitiveness index
Buyer and supplier power
Threat of new entrants and substitutes

Global and Regional Sourcing Insights

Category spend
Spend growth
Dynamics
Opportunities

Pricing and Cost Analysis

Pricing outlook and data
Drivers of pricing
Cost structure and inputs cost
Total cost of ownership
Pricing models and margins

Cost Saving Opportunities & Negotiation Strategies

Buyer and supplier side levers
Quantified cost saving opportunities
Negotiation strategies and quantified outcome

Procurement Best Practices, Strategy and Enablers

Procurement excellence
Sustainability and innovation
KPIs and category enablers
Risk management and outsourcing

Vendor Analysis

RFx essentials and selection criteria
SLAs
Supplier evaluation metrics
Detailed supplier profiles

Our research is complex, but our reports are easy to digest. Quantitative analysis and exhaustive commentary is placed in an easy to read format that gives you an in-depth knowledge on the category without spending hours to figure out “what does it mean for my company?”

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Category Research Framework

SpendEdge presents a detailed picture of Solar Energy Systems procurement solutions by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.