Energy & Utilities Procurement Platform

Lasso procurement software tailored for the energy and utilities industry addresses the sector’s unique demands—managing complex supply chains, sourcing specialized equipment, and ensuring operational continuity under strict regulations.

Operational Continuity:
Ensure timely procurement of critical components—like turbines, transformers, or pipeline materials—to prevent downtime in energy production or utility services, maintaining uninterrupted operations.

Regulatory Compliance:
Embed industry standards (e.g., OSHA, EPA, FERC) and safety requirements into procurement workflows, ensuring purchased goods and services meet legal and environmental obligations. Digital records simplify audits.

Cost Management:
Track spending on high-cost items—like renewable energy systems, grid infrastructure, or fuel supplies—against budgets. Analytics identify savings opportunities, keeping projects financially viable.

Specialized Supplier Management:
Manage vendors providing niche products (e.g., solar panels, drilling equipment) or services (e.g., maintenance contracts) with performance tracking and compliance verification, ensuring reliability.

Efficient Equipment Procurement:
Streamline sourcing of heavy machinery or spare parts with detailed specifications and automated RFQs. This ensures equipment meets technical needs and arrives on schedule for installations or repairs.

Risk Mitigation:
Monitor supply chain risks—like delays in raw materials (e.g., steel, rare earth metals) or geopolitical disruptions—using real-time data and analytics, enabling proactive contingency planning.

Enhanced Transparency:
Provide visibility into procurement status—open orders, delivery timelines, or spend trends—across departments (e.g., operations, finance), ensuring alignment on large-scale energy initiatives.

Support for Sustainability Goals:
Track procurement of renewable materials (e.g., wind turbine blades) or eco-friendly services, aligning with decarbonization targets and regulatory incentives for green energy.

Time Savings:
Automate repetitive tasks—like issuing bids for utility contracts, matching invoices, or tracking shipments—freeing up teams to focus on strategic priorities like supplier negotiations.

Scalability for Complex Projects:
Manage procurement across sprawling operations—power plants, renewable farms, or utility networks—with software that scales to handle multiple sites and global suppliers.

Improved Contract Management:
Store and monitor supplier agreements for long-term projects (e.g., fuel supply contracts, EPC services) with alerts for renewals or renegotiations, optimizing terms and avoiding lapses.