Smart Grid Demands a Collaborative Strategic Sourcing Approach

The potential for utilities to create value through Smart Grid investment is great, but unique challenges and risks will reshape traditional strategic sourcing approaches for these emerging technologies.  Successful, full-scale Smart Grid deployments will require collaborative sourcing approaches to minimize utility system risks and to effectively capture sustainable benefits for the utility and its stakeholders — customers, communities and local economies, regulators and legislators, and the utility’s investors.