Overview

Rystad Energy’s Cost Escalation Solution helps businesses manage procurement risks by offering in-depth, dynamic forecasts on cost escalation trends across energy sectors. The solution integrates macroeconomic analysis to provide real-time adjustments to supply chain and labor cost predictions, supporting improved decision-making for cost management. Its dashboard presents detailed visual data on trends, including labor rates, commodity prices, and supply-demand imbalances, helping businesses plan for future risks and mitigate volatility.

Features and Capabilities

• Comprehensive Cost Escalation Models: Provides detailed forecasts for various cost types, including labor, materials, and energy resources.
• Real-time Data Integration: Constantly updated insights into cost fluctuations, driven by market changes and macroeconomic factors.
• Predictive Analytics: Uses historical data and current market trends to predict future cost escalation.
• ISO-19008 Compliance: Ensures seamless integration with industry standards and best practices for procurement management.
• Supply-Demand Forecasting: Offers detailed analysis of supply chain dynamics, allowing businesses to adjust procurement strategies.
• Custom Reports and Dashboards: Includes tailored visual data displays to track escalation trends, benchmarks, and potential risks.
• Industry-specific Consulting: Expert support for identifying and mitigating cost risks in diverse industries, offering tailored solutions.
• Scenario Analysis: Simulates different procurement scenarios, helping businesses plan for volatility under various market conditions.
• Benchmarking: Allows comparison against industry standards, helping organizations assess the competitiveness of their procurement strategies.
• Cost Normalization: Adjusts raw cost data for comparison across multiple projects and locations, ensuring accurate budgeting.