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Procurement


Article

With energy prices this low, how do I keep from missing the boat?

With energy prices this low, how do I keep from missing the boat?

Over the past year, the news has been full of stories about the rapidly declining prices of oil and natural gas; however, those who have already locked in rates for electricity and gas now worry that there is no room to take advantage of these recent dips in prices.
  • Written by Bob Wooten
  • 29th February 2016
Over the past year, the news has been full of stories about the rapidly declining prices of oil and natural gas. This trend has been a boon for consumers, who are happy to be filling gas tanks and paying utility bills without breaking their budgets. But there’s a flip side to this low price environment: energy sector companies worry about future earnings and forced layoffs, and organizations with energy agreements have been left scratching their...

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Related


  • Cooperative agreements and other tools can help lean-staffed procurement squads
    In 2021, county budgets are fairly tight, says John D. Tigert, purchasing services manager in Dorchester County, S.C.“Procurement budgets are largely staying the same, with outliers of course, depending on how the organization collects revenue and to what degree that revenue collection was impacted by COVID-19. Most procurement departments tend to run a very lean budget to begin with, so there is not a lot to cut in any case.” Tigert’s team is the county’s...

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  • Tennessee purchasing crew fine-tunes its pandemic response
    When the COVID-19 pandemic hit, the two-person procurement team at Knoxville’s (Tenn.) Community Development Corp. (KCDC) leaped into action, says Terry McKee, IT and procurement director. “We immediately began seeking personal protective equipment (PPE) and supplies, which is not something that we have needed much of in the past. We also became the one open office at our entity so that the mail and supplies could be delivered while virtually all other employees worked remotely.”...

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  • New American City & County survey identifies biggest problems facing public procurement departments in pandemic
    A new, ongoing public procurement survey from American City & County and Bonfire shows that over half of surveyed procurement departments are struggling with their supply chains during the pandemic. So far, 66.67 percent of respondents have said that navigating supply chain shortages was a point of strain in their procurement processes in the pandemic. Meanwhile, the second most prevalent struggle for respondents’ departments has been finding new vendors in new categories as quickly as...

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  • Lessons from the pandemic: Emergency sourcing of lifesaving equipment
    Being able to conceive and implement new procurement models in times of crisis requires resourcefulness, tenacity and teamwork.

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White papers


Discover How Public Sector Officials are Monitoring and Managing Overtime in This New White Paper

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Events


PODCAST


Young Leaders Episode 4 – Cyril Jefferson – City Councilman, High Point, North Carolina

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