Playbook · Utilities & Power

How to automate the RFQ and sourcing process in Utilities & Power (2026)

Last updated July 2026

The short answer

To automate RFQs and sourcing, capture the request, benchmark it against fair market value, compare supplier options, and produce a quote in minutes instead of days. Maintained drafts the quote and flags any price above fair value; your team approves before it goes out.

The context in utilities & power. Utilities carrying critical spares and long-tail inventory where availability matters but carrying cost compounds. Quotes take three to four days of manual back-and-forth, and without a fair-value benchmark, buyers overpay and lose deals to faster competitors.

  • Critical spares over-held 'just in case'
  • Long-tail inventory compounding carrying cost
  • Little visibility into what's truly redundant

The steps

  1. 1

    Compress RFQ cycles from days to minutes

  2. 2

    Benchmark every quote against fair market value to flag overpriced buys

  3. 3

    Compare supplier options and internal surplus in one pass

  4. 4

    Cut maverick and off-contract tail spend

Why it pays off

days → under 2 hours
Manual RFQ cycles of 3–4 days can be compressed to under two hours with structured automation.
Elisa IndustriQ
20–30%
20–30% of indirect spend leaks to maverick, off-contract buying.
McKinsey (via GEP)
10 days
Top-performing procurement teams reach a 10-day procure-to-pay cycle versus roughly two weeks at the median.
APQC (via SDCExec)

Frequently asked questions

How do utilities & power operations automate the RFQ and sourcing process?

To automate RFQs and sourcing, capture the request, benchmark it against fair market value, compare supplier options, and produce a quote in minutes instead of days. Maintained drafts the quote and flags any price above fair value; your team approves before it goes out.

Why is this harder in utilities & power?

Utilities carrying critical spares and long-tail inventory where availability matters but carrying cost compounds. Quotes take three to four days of manual back-and-forth, and without a fair-value benchmark, buyers overpay and lose deals to faster competitors.

See what your inventory is really costing you.

Tell us where the cash is trapped — excess stock, idle surplus, slow RFQs — and we'll show you the outcome Maintained can unlock.