Transformative Procurement Outsourcing: Lessons learned from procurement and accounts payable outsourcing….and tips for success! by James Cay, Managing Director, The Bank of New York Mellon
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Bank of New York Mellon's procurement transformation journey.
Executing sourcing strategies based on the most reliable expense data is a powerful lever for procurement teams. Spend data which is easy to access and manage, available on desktops and mobile...
BP | The Smart Cube, Inc.
The key enabler to establishing procurement’s alignment and credibility with other functions, and ultimately achieve its operational goals is Intelligence,...
Case study of BP's procurement outsourcing in India with Infosys.
Procurement generates a lot of data. However, that data is often just a mechanism to report on the Procurement function’s performance. What happens when you start using big data principles such as...
Large companies face constant change. A structural shift such as a merger or acquisition, a major leadership change or any type of internal re-organization can drastically affect an already-...
Ruppy Singh and Sandeep Syal, BP ...
BP is using AI to transform the supplier contracting process. The new solution allows legal, procurement and suppliers to efficiently collaborate by providing them AI powered templates that...
Direct and indirect procurement can cost an enterprise billions of dollars in annual spend. Poor contractual compliance, ambiguous SOWs, duplicity of resources, poor specifications of services and...