For decades, outsourcing customers and service providers have operated under the flawed assumption that the time, expense and relationship damage associated with litigation or arbitration would...
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Most outsourcing relationships run into some kind of trouble at some point. How well you handle that trouble determines how much value is destroyed (for both sides)...
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...
Original Source: Morgan Stanley
"A business continuity event is an interruption with potential impact to normal business activity of the Firm’s people, operations, technology, suppliers,...
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...