“We’re transforming from an international oil company to an integrated energy company. There’s a lot of focus on letting our leaders across the entities that now form BP run with their process, drive the business strategy, but we need to do it as a lean organization.
The irony of this is we actually need to put more control measures in place for those people that want to run their processes. Procurement is absolutely key to the technology roadmap and digital ecosystem.” —Ben Weston, Global Category Manager for Talent and Consulting, BP
According to research done by Globality, “90% of global procurement leaders are committed to the urgent transformation of their operating models and processes to be more resilient and agile.” And yet, committing to an idea does not necessarily guarantee that it will gain operational traction. For that, procurement needs to change the way they engage with the business.
During this fireside chat moderated by Philip Ideson as part of Mastermind LIVE 2022, BP Director of Digital and Innovation Sourcing Nicholas Wright and Global Category Manager for Talent and Consulting Ben Weston were joined Globality’s Graham Moore to discuss how agile sourcing can deliver increased efficiencies and ROI by moving more spend to a self-service process.
In this session, they explored topics such as:
- How procurement should rethink the sourcing process to be more responsive to the needs of the business.
- The corresponding adjustments that requires to engagement with specific suppliers and stakeholders
- How the team at BP, one of the world’s largest integrated energy businesses, approached transforming their sourcing process to become more agile by placing a particular focus on services categories.