It is time to lift service procurement to the next level

The way we do business changed dramatically in recent years as technology has evolved.

Not only the processing and evaluation of technical asset data with AI is a big issue today. The potential impact of connecting market-participants digitally and directly on administrative tasks is yet underestimated.

Regarding the service market in the energy sector, it is barely surprising that it is still characterized by insufficient transparency. Gaining access to different service companies to compare service portfolios and cost structures to enhance successful service projects sometimes is a real struggle for procurement managers. The lack of transparency of service providers and their portfolio requires time-consuming evaluations and an extended need of communication during the procurement process.

This phenomenon is particularly noticeable in small and medium sized tenders in the high voltage environment.

I believe, that through the use of state-of-the-art technologies we could overcome barriers of service procurement today, just by assisting asset owners through a digital platform solution to find the proper service company for the respective job to be done and to explore new business opportunities.