{"id":106230,"date":"2024-11-08T09:45:19","date_gmt":"2024-11-08T08:45:19","guid":{"rendered":"https:\/\/www.KGM Strategy.com\/?p=106230"},"modified":"2024-12-23T13:20:21","modified_gmt":"2024-12-23T12:20:21","slug":"capex-procurement-in-energy-study-2024-challenges-insights-and-strategic-outlook","status":"publish","type":"post","link":"https:\/\/www.KGM Strategy.com\/en\/insights\/capex-procurement-in-energy-study-2024\/","title":{"rendered":"Is your procurement team prepared to navigate the challenges of an evolving energy landscape?"},"content":{"rendered":"<p><div class='container  py-3'><div class=\"row \"><div class=\"col-lg-12\"><p><span style=\"color: #a0d60a;\"><strong>CAPEX procurement is pivotal to the success of large-scale energy projects, enabling the development of infrastructure that supports the energy transition while leading the way to meeting corporate strategic objectives &amp; sustainability goals. These projects often come with unique complexities, requiring tailored strategies to manage their scale, mitigate risks, and ensure successful execution.<\/strong><\/span><\/p><\/div><\/div><\/div><div class='container  py-3'><div class=\"row \"><div class=\"col-lg-6\"><p><iframe loading=\"lazy\" src=\"https:\/\/player.flipsnack.com?hash=RTk4RjhEODhCN0ErdTgyY3l3ZTNmMg==\" width=\"100%\" height=\"480\" frameborder=\"0\" scrolling=\"no\" seamless=\"seamless\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div><div class=\"col-lg-6\"><p>&nbsp;<\/p>\n<p>Our CAPEX procurement in energy study draws on insights from 389 senior decision-makers who collectively oversee over \u20ac1 tn in CAPEX spend. The report provides a comprehensive look at these challenges and equips leaders with actionable recommendations to succeed in a rapidly changing industry.<\/p>\n<p>&nbsp;<\/p>\n<p><a class=\"btn btn-primary\" href=\"#download\">Download the results presentation<\/a><\/p><\/div><\/div><\/div><div class='container  py-3'><div class=\"row \"><div class=\"col-lg-12\"><p>&nbsp;<\/p>\n<div class=\"icon-boxes  \" data-moduleID=\"106233\" is=\"summary-box\">\n    <div class=\"summary-box-padding overflow-visible\">\n        <div class=\"icon-box has-icon  fadeIn\" style=\"border-color: rgb(0, 77, 144);\" data-animated-icon=\"true\">\n            \n                <div class=\"icon\">\n                    <div class=\"inner\">\n\n                                                                                    <svg id=\"animatedIcon-e3bc1200b4f04d40dafd0ef68e133f39\" data-id=\"e3bc1200b4f04d40dafd0ef68e133f39\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" x=\"0px\" y=\"0px\" viewBox=\"0 0 64 64\" xml:space=\"preserve\" width=\"75\" height=\"75\">\n                                    <path fill=\"none\" stroke-width=\"2\" stroke=\"#a0d60a\" stroke-miterlimit=\"10\" d=\"M43,16.4c-3.2-3.1-7.4-4.6-11.8-4.4C23,12.4,16.3,19.2,16,27.4c-0.2,5.1,2.1,10,6.1,13.2C24,42,25,44.1,25,46.2V47h6V34.5l-5.5-3.7c-0.5-0.3-0.6-0.9-0.3-1.4c0.3-0.5,0.9-0.6,1.4-0.3l5.4,3.6l5.5-3.6c0.5-0.3,1.1-0.2,1.4,0.3c0.3,0.5,0.2,1.1-0.3,1.4L33,34.5V47h6v-0.8c0-2.2,1-4.2,2.9-5.7C45.8,37.5,48,32.9,48,28C48,23.6,46.2,19.5,43,16.4z\"\/>\n                                    <path d=\"M27,49h-2v5c0,0.5,0.5,1,1,1h1.1h9.8H38c0.5,0,1-0.5,1-1v-5h-2H27z\" fill=\"none\" stroke-width=\"2\" stroke=\"#a0d60a\" stroke-miterlimit=\"10\"\/>\n                                    <path d=\"M32,60c3,0,4-2,4-3h-8C28,58,29,60,32,60z\" fill=\"none\" stroke-width=\"2\" stroke=\"#a0d60a\" stroke-miterlimit=\"10\" \/>\n                                    <line fill=\"none\" stroke-width=\"2\" stroke=\"#a0d60a\" stroke-miterlimit=\"10\" class=\"st0\" x1=\"9.9\" y1=\"10.5\" x2=\"16.4\" y2=\"15.6\"\/>\n                                    <line fill=\"none\" stroke-width=\"2\" stroke=\"#a0d60a\" stroke-miterlimit=\"10\" class=\"st0\" x1=\"47.9\" y1=\"36.6\" x2=\"54.4\" y2=\"41.7\"\/>\n                                    <line fill=\"none\" stroke-width=\"2\" stroke=\"#a0d60a\" stroke-miterlimit=\"10\" class=\"st0\" x1=\"9.5\" y1=\"41.4\" x2=\"15.8\" y2=\"36.1\"\/>\n                                    <line fill=\"none\" stroke-width=\"2\" stroke=\"#a0d60a\" stroke-miterlimit=\"10\" class=\"st0\" x1=\"48.2\" y1=\"15.7\" x2=\"54.5\" y2=\"10.4\"\/>\n                                    <line fill=\"none\" stroke-width=\"2\" stroke=\"#a0d60a\" stroke-miterlimit=\"10\" class=\"st0\" x1=\"32\" y1=\"1.8\" x2=\"31.9\" y2=\"10\"\/>\n                                    <line fill=\"none\" stroke-width=\"2\" stroke=\"#a0d60a\" stroke-miterlimit=\"10\" class=\"st0\" x1=\"14.1\" y1=\"26\" x2=\"5.8\" y2=\"26\"\/>\n                                    <line fill=\"none\" stroke-width=\"2\" stroke=\"#a0d60a\" stroke-miterlimit=\"10\" class=\"st0\" x1=\"58.1\" y1=\"26\" x2=\"49.9\" y2=\"26\"\/>\n                                <\/svg>\n                            \n                        \n                    <\/div>\n                <\/div>\n\n            \n            \n                <h3 class=\"title\" style=\"color: rgb(0, 77, 144)\">\n                    Core challenges faced within Energy CAPEX procurement projects:\n                <\/h3>\n\n                <div class=\"content\">\n                    <ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li><strong>Unique nature of the project<\/strong><br \/>\nLarge CAPEX projects are often bespoke, requiring tailored strategies rather than relying on established approaches and resources suited for business-as-usual operations. Rapid identification of the correct strategy and engagement model with the supply chain is crucial for success.<\/li>\n<p>&nbsp;<\/p>\n<li><strong>Managing uncertainty and long-term planning horizons<\/strong><br \/>\nCAPEX projects often start with evolving scopes, creating challenges in aligning project requirements with market supply. An integrated supply-and-demand forecasting methodology is essential to support effective procurement strategies. Employing advanced tools and methodologies to mitigate cost escalation ensures that projects remain resilient and adaptable to changes throughout their lifecycle.<\/li>\n<p>&nbsp;<\/p>\n<li><strong>Cost assurance and robust financial planning<\/strong><br \/>\nCost overruns are common in large-scale projects. By partnering with project teams, procurement contributes to a Total Cost of Ownership (TCO) approach that provides cost certainty and effective risk management throughout the project\u2019s lifecycle. The earlier procurement\u2019s involvement, the greater the impact.<\/li>\n<\/ol>\n\n                <\/div>\n\n            \n        <\/div>\n    <\/div>\n<\/div>\n\n\n<p><strong><span style=\"color: #004146;\">Our study explores questions such as:<\/span><br \/>\n<\/strong><\/p>\n<ul class=\"checklist\">\n<li>How can procurement teams mitigate challenges and risks like long lead times, lack of resources, and cost escalation?<\/li>\n<li>What actions and strategies can CAPEX procurement teams take to ensure project execution aligns with key goals such as cost, quality, and timelines?<\/li>\n<li>What market dynamics do companies with significant CAPEX expect in the next 2\u20135 years, and how are they preparing to adapt?<\/li>\n<\/ul><\/div><\/div><\/div><\/p>\n<p><span id=\"download\"><section class='bg-light py-3 pb-xl-0'><div class='container  py-3'><div class=\"row \"><div class=\"col-lg-12\"><\/span><\/p>\n<p><span id=\"download\"><strong>Download KGM Strategy\u2019s CAPEX procurement in energy study<br \/>\n<\/strong>CAPEX procurement requires a deep understanding of the unique challenges within large-scale energy projects. Our study, developed by our team of expert procurement consultants, offers actionable recommendations to navigate the complexities of the energy sector and adapt to its shifting landscape.<\/span><\/p><\/div><\/div>\n<p><span id=\"download\"><div class=\"row \"><div class=\"col-lg-6\"><\/span><\/p>\n<p><span style=\"color: #004146;\"><strong>Download the full study results for free:<\/strong><\/span><br \/>\nFill out the contact form below to receive the complete study by email.<\/p>\n<p><script charset=\"utf-8\" type=\"text\/javascript\" src=\"\/\/js-eu1.hsforms.net\/forms\/embed\/v2.js\"><\/script><br \/>\n<script>\n  hbspt.forms.create({\n    portalId: \"143321638\",\n    formId: \"ea96e886-f347-4d70-801d-4b4e12a1af06\"\n  });\n<\/script><\/p><\/div><div class=\"col-lg-6\"><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-106247\" src=\"https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2024\/11\/capex-study-24-preview.jpg\" alt=\"\" width=\"1470\" height=\"820\" srcset=\"https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2024\/11\/capex-study-24-preview.jpg 1470w, https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2024\/11\/capex-study-24-preview-800x446.jpg 800w, https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2024\/11\/capex-study-24-preview-1129x630.jpg 1129w, https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2024\/11\/capex-study-24-preview-768x428.jpg 768w\" sizes=\"auto, (max-width: 1470px) 100vw, 1470px\" \/><\/p><\/div><\/div><\/div><\/section><div class='container  py-3'><div class=\"row \"><div class=\"col-lg-12\"><h2>Discover our insights on the energy sector<\/h2>\n    <section class=\"module-post-tiles\" data-module-id=\"103612\" data-modul-type=\"animated-numbers\">\n        <div class=\"container overflow-visible\">\n            \n            <div class=\"row\">\n                                                        <div class=\"overflow-hidden col-12 col-sm-6 col-xl-4\">\n                                                                    <a href=\"https:\/\/www.KGM Strategy.com\/en\/insights\/navigating-the-power-cable-supply-crunch\/\" class=\"fixed-post-tile\">\n                                                    <figure class=\"fixed-post-tile-image\">\n                                                                    <img decoding=\"async\" src=\"https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2024\/02\/cable-supply-crunch-header-456x630.png\" loading=\"lazy\" width=\"2000\" height=\"2000\" alt=\"\" class=\"img-fluid tile-image object-fit\" \/>\n                                                            <\/figure>\n                            <div class=\"fixed-post-tile-content\">\n                                <p class=\"h3\">\n                                                                        <span class=\"fixed-post-tile-content-category\">\n                                                                                    Article\n                                                                            <\/span>\n                                    \n                                    <span class=\"d-none d-lg-block d-xl-none\">Navigating the power cable supply crunch: A resilience framewo...<\/span>\n                                    <span class=\"d-lg-none d-xl-block\">Navigating the power cable supply crunch: A resilience framewo...<\/span>\n                                <\/p>\n                                                                <button type=\"button\" class=\"btn btn-tertiary\">\n                                    Read more\n                                <\/button>\n                                                            <\/div>\n                                                <\/a>\n                                            <\/div>\n                                                        <div class=\"overflow-hidden col-12 col-sm-6 col-xl-4\">\n                                                                    <a href=\"https:\/\/www.linkedin.com\/pulse\/optimizing-value-chain-energy-infrastructure-supply-demirelli-pdkkc\/\" target=\"_blank\" class=\"fixed-post-tile\">\n                                                    <figure class=\"fixed-post-tile-image\">\n                                                                    <img decoding=\"async\" src=\"https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2024\/08\/energy-networks-teaser.png\" loading=\"lazy\" width=\"500\" height=\"500\" alt=\"\" class=\"img-fluid tile-image object-fit\" \/>\n                                                            <\/figure>\n                            <div class=\"fixed-post-tile-content\">\n                                <p class=\"h3\">\n                                                                        <span class=\"fixed-post-tile-content-category\">\n                                                                                    LinkedIn pulse article\n                                                                            <\/span>\n                                    \n                                    <span class=\"d-none d-lg-block d-xl-none\">Value chain optimization<\/span>\n                                    <span class=\"d-lg-none d-xl-block\">Value chain optimization<\/span>\n                                <\/p>\n                                                                <button type=\"button\" class=\"btn btn-tertiary\">\n                                    Read more\n                                <\/button>\n                                                            <\/div>\n                                                <\/a>\n                                            <\/div>\n                                                        <div class=\"overflow-hidden col-12 col-sm-6 col-xl-4\">\n                                                                    <a href=\"https:\/\/www.KGM Strategy.com\/en\/insights\/what-impact-does-the-carbon-border-adjustment-mechanism-cbam-regulation-have-in-procurement\/\" class=\"fixed-post-tile\">\n                                                    <figure class=\"fixed-post-tile-image\">\n                                                                    <img decoding=\"async\" src=\"https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2024\/02\/cbam-regulation-header-new-456x630.png\" loading=\"lazy\" width=\"2000\" height=\"2000\" alt=\"\" class=\"img-fluid tile-image object-fit\" \/>\n                                                            <\/figure>\n                            <div class=\"fixed-post-tile-content\">\n                                <p class=\"h3\">\n                                                                        <span class=\"fixed-post-tile-content-category\">\n                                                                                    Article\n                                                                            <\/span>\n                                    \n                                    <span class=\"d-none d-lg-block d-xl-none\">Impact of the Carbon Border Adjustment Mechanism regulation on...<\/span>\n                                    <span class=\"d-lg-none d-xl-block\">Impact of the Carbon Border Adjustment Mechanism regulation on...<\/span>\n                                <\/p>\n                                                                <button type=\"button\" class=\"btn btn-tertiary\">\n                                    Read more\n                                <\/button>\n                                                            <\/div>\n                                                <\/a>\n                                            <\/div>\n                            <\/div>\n                                    <\/div>\n    <\/section>\n\n<h2>Get to know our experts<\/h2>\n<div class=\"bp-module-info-wrapper\">\n    <div class=\"container authors-section fadeIn \" is=\"authors-and-partners\">\n        <div class=\"description row\">\n            <h2>\n                                                            Authors\n                                                <\/h2>\n        <\/div>\n\n        <div class=\"row\">\n                            <div class=\"mb-5 col-md-6 mb-md-0\">\n                    <div class=\"author\">\n                                                    <figure>\n                                <img loading=\"lazy\" decoding=\"async\" width=\"250\" height=\"250\" src=\"https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2021\/08\/MD_Stefan-Benett_350x440px_neu-250x250.png\" class=\"img-fluid\" alt=\"\" srcset=\"https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2021\/08\/MD_Stefan-Benett_350x440px_neu-250x250.png 250w, https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2021\/08\/MD_Stefan-Benett_350x440px_neu-75x75.png 75w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/>\n                            <\/figure>\n                        \n                        <h3>Stefan Benett<\/h3>\n                        <p class=\"person-position\">Managing Director <\/p>\n                                                    <div class=\"short-desc\"><p>ist Gesch\u00e4ftsf\u00fchrer im M\u00fcnchener B\u00fcro von KGM Strategy. Er verf\u00fcgt \u00fcber mehr als 20 Jahre Berufserfahrung im Bereich Einkauf und Operational Excellence. Als Experte f\u00fcr\u00a0 Einkaufstransformation entwickelt er zukunftsorientierte Einkaufsstrategien f\u00fcr produzierende Unternehmen sowie Unternehmen der Energiewirtschaft.<\/p>\n<\/div>\n                                                <div class=\"contact-information\">\n                                                                                                <a href=\"mailto:contact@kgmstrategy.com\" class=\"mail-link\">contact@kgmstrategy.com<\/a>\n                                                                                                                                                <\/div>\n                                                    <a href=\"https:\/\/www.KGM Strategy.com\/en\/contact\/\" class=\"btn btn-outline-secondary text-terciary\">Contact<\/a>\n                                            <\/div>\n                <\/div>\n                            <div class=\"mb-5 col-md-6 mb-md-0\">\n                    <div class=\"author\">\n                                                    <figure>\n                                <img loading=\"lazy\" decoding=\"async\" width=\"250\" height=\"250\" src=\"https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2021\/09\/kevin_dominick_400x400px-250x250.png\" class=\"img-fluid\" alt=\"\" srcset=\"https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2021\/09\/kevin_dominick_400x400px-250x250.png 250w, https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2021\/09\/kevin_dominick_400x400px.png 400w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/>\n                            <\/figure>\n                        \n                        <h3>Kevin Domnick<\/h3>\n                        <p class=\"person-position\">Principal<\/p>\n                                                    <div class=\"short-desc\"><\/div>\n                                                <div class=\"contact-information\">\n                                                                                                <a href=\"mailto:contact@kgmstrategy.com\" class=\"mail-link\">contact@kgmstrategy.com<\/a>\n                                                                                                                                                <\/div>\n                                                    <a href=\"https:\/\/www.KGM Strategy.com\/en\/contact\/\" class=\"btn btn-outline-secondary text-terciary\">Contact<\/a>\n                                            <\/div>\n                <\/div>\n                    <\/div>\n    <\/div>\n<\/div><\/div><\/div><\/div><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We gathered insights from over 350 energy sector leaders on their approaches to CAPEX procurement. <\/p>\n","protected":false},"author":18,"featured_media":106348,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Is your procurement team prepared to navigate the challenges of an evolving energy landscape?","_seopress_titles_desc":"CAPEX procurement enables large-scale energy projects to navigate complexity, mitigate risks, and drive success in a rapidly evolving landscape.","_seopress_robots_index":"","footnotes":""},"categories":[723,883,735,704],"tags":[],"class_list":["post-106230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy-networks-transition","category-hydrocarbon-focused-energy","category-renewable-energies","category-study-results"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/posts\/106230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/comments?post=106230"}],"version-history":[{"count":11,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/posts\/106230\/revisions"}],"predecessor-version":[{"id":107433,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/posts\/106230\/revisions\/107433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/media\/106348"}],"wp:attachment":[{"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/media?parent=106230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/categories?post=106230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/tags?post=106230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}