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Getting In with the Grid

Some companies are cutting energy costs by dealing directly with the electric grid.

December 16, 2011

Short of turning off the lights at night, few CFOs get involved with corporate energy management efforts. At EnerNOC, which recruits companies to participate in demand-response programs and become more energy-efficient in other ways, only 2% of the firm's 50,000 customer contacts have "finance" in their title, EnerNOC CFO Tim Weller notes. That surprises him to some extent, he says, "because you learn a lot about your business from that energy data," including things like which facilities are least efficient and who may be sneaking in extras shifts to make production quotas. Read more...

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More Procurement Articles

  • Mend Your Spend

    When it comes to procurement, acting like a bigger business can lead to better prices and less risk. September 30, 2011

  • Buy It for Me

    Companies are increasingly using third-party procurement services, even for essential purchases. November 1, 2009

  • Legally Blind

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  • Higher & Higher

    Amid volatile costs for raw materials, CFOs grow bolder about increasing product prices. November 3, 2008

  • Expense Management: Better Ways to Buy

    Sometimes costs don't need to be cut so much as captured, quantified, and reconsidered. September 1, 2008

  • Who's Where, When (and How Much)?

    Often overlooked, cost savings on meetings can be found more easily with a new generation of online meetings management programs. A recent convert: Xerox. March 1, 2008

  • The Key to Meeting-Cost Savings

    Xerox is among the growing number of companies turning to online meeting management services to aggregate spending and identify savings opportunities. January 16, 2008

  • How Low Can They Go?

    A new mathematical model aims to infer the best price a supplier can offer while still making a profit. November 1, 2007

  • The High Cost of Clean Data

    Chief information officers see funding limits as one of the biggest barriers to pursuing ambitious IT projects, according to a recent Accenture study. September 20, 2007

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