Supply Chain and Cost Hub
Understand how lead times and other supplier risks may impact your supply chains.
New feature available now!
Navigate tariff turbulence with the Power & Renewables Supply Chain and Cost Hub.
The pandemic exposed supply chain fragility. New tariffs amplied it. Wood Mackenzie's Supply Chain and Cost Hub cuts through the complexity with live price benchmarks, supplier maps, and our tariff impact tool - quantifying cost risk for every project type, from natrual gas palnts to solar farms and battery storage. With proprietary data tracking price benchmarks, lead times, and supplier locations, we help you make informed procurement decsions and maintain project feasibility in this volatile environment.
Features and workflows
We offer recurring item, service, or project-specific benchmarks to provide visibility into performance against the market.
Key features of Wood Mackenzie's Supply Market Intelligence allow organisations to:
- Drive visibility into highly technical equipment and service costs, identifying where cost efficiencies can be gained across individual components
- Evaluate whether contracted rates are competitive with the market and establish baseline target pricing
- Identify natural negotiation opportunity areas to minimise costs
- Generate ground-up, component-by-component, $/Watt project cost estimates for key renewable energy technologies
- Forecast renewable energy project costs 5 years into the future, to inform estimating and planning
Wood Mackenzie's Supply Market Intelligence provides data including:
- 20K+ completed unit price, lead time spend benchmark analyses
- $8.5T factbase of industry spend data
- 125K+ hosted bid events leveraged
- 25M+ unique cost estimates provided
- Robust benchmarking process involving peer set min/avg/max generated from proprietary market pricing database
- Weekly, monthly, and quarterly market reports and written research
- Consistently updated tariff impact data and scenarios
Wood Mackenzie's Supply Market Intelligence enables a number of key workflows, including:
Supply Chain Management:
- Gain a better understanding of historical spend to identify cost-reduction opportunities
- Cleanse historical transactional data to obtain visibility into enterprise recurring spend
- Inform cost reduction opportunity identification and category strategy development
- View baseline spend data for additional analytics
- Calculate tariff impacts on items and projects to understand supply chain effects
- Test various tariff scenarios to improve strategic planning and risk management
- Access comprehensive market data for actionable sourcing and procurement decisions
- Forecast supply and demand to anticipate market shortages or surpluses
- Analyse cost drivers and trends to predict price fluctuations
Project Management:
- Understand project cost estimation and analyse budgeted versus actual cost performance across historical projects
- Leverage internal data to optimise costs during procurement and execution
- Access up-to-date pricing, lead time, and market trend benchmarks
- Gain visibility into supplier landscape and potential disruptions
- Forecast equipment availability to plan for shortages or surpluses
- Negotiate contracts with market intelligence and cost impact data
Financial Forecasting:
- Gain high-quality internal cost data to inform accounting and forecasting
- Leverage cleansed enterprise spend data to improve the accuracy, granularity and completeness of your financial analyses
- Evaluate tariff impacts on item and project costs to enhance financial projections
- Simulate differentiating tariff scenarios to optimise financial forecasting
- Leverage our extensive market data to refine financial planning strategies
- Anticipate equipment supply and demand shifts to mitigate potential budget impacts
- Monitor input cost drivers to elevate price volatility predictions
Utilities & Developers:
- Optimise project costs with detailed breakdowns and customisable weightings
- Develop future strategies for resilience and cost control
- Diversify suppliers to de-risk critical spend categories
- Access up-to-date pricing, lead time, and market trend benchmarks
- Assess PPA risks due to unexpected cost increases
Why choose Wood Mackenzie's Supply Market Intelligence?:
Supply Market Intelligence empowers you to evaluate contracted rates against market benchmarks, enabling data-driven project cost estimation and budgeting. Our new solution goes further, offering real-time tariff impact assessments, advanced scenario planning capabilities, and access to an extensive range of market data, including pricing benchmarks, lead times, and supply-demand forecasts. Choose Wood Mackenzie for our unparalleled industry expertise, proprietary data, and cutting-edge analytics that enable you to make smarter decisions in an increasingly complex and volatile global supply chain landscape.
Frequently asked questions
Here you’ll find answers to the most common questions you may have on Wood Mackenzie’s Supply Market Intelligence. If you have any other questions, get in touch.
Wood Mackenzie's enhanced Supply Market Intelligence platform offers a comprehensive solution for the renewable energy sector. Our tool combines benchmarking capabilities, market insights, and real-time tariff scenario modelling to provide unparalleled supply chain visibility. Users can compare EPC bid pricing with industry benchmarks, identify cost-saving opportunities, and generate detailed cost buildups for solar, wind, and battery storage projects. Leveraging our $8.5 trillion database, the platform enables evaluation of cost impacts at item and project levels, allowing swift responses to policy changes. From price benchmarks to supplier landscapes, our solution empowers data-driven decisions, supply chain optimisation, and maintaining a competitive edge in the complex global renewable energy market.
Supply Market Intelligence offers an end-to-end unit rate benchmarking solution. Evaluate whether contracted rates are competitive with market rates and establish baseline target pricing. Easily identify where cost efficiencies may be gained through granular insight into price performance.
Recognising the demanding nature of procurement and project management roles, Wood Mackenzie’s team of seasoned experts offers hands-on support to seamlessly implement tailored strategies. By leveraging our external expertise, you can fast-track risk mitigation and cost optimisation initiatives without overburdening your in-house teams. This collaborative approach ensures swift adaptation to market changes, allowing your organisation to stay ahead of the curve while your core teams maintain focus on critical day-to-day operations.
Contact an expert
Whether you are looking for ways to identify cost efficiencies or monitor item costs for smarter business decisions, our in-house experts can advise you. Contact us today.
