BP provides its customers with fuel for everything from heat to light to transportation.
The UK company is the fifth-largest firm in the world based on revenue. Operating in more than 80 countries, it produces over three million barrels of oil per day.
"We regard Procurement Leaders as a provider of first-class information relating to procurement practice," says Francisco Lobo Duro, Purchasing Director at BP. "We are members because we know that Procurement Leaders delivers information on the market we can use in our planning and measurement process.
"We frequently access and reference the reports produced by Procurement Leaders as part of their category intelligence offering. These are very useful as resources to see how things are expected to evolve in the procurement community both now and in the future."
As well as drawing upon the long form research and in-depth data provided by Procurement Leaders, Francisco uses the network to stay up to date with the latest news from the profession.
"Procurement Leaders is a timely and relevant news source," explains Francisco. "It stays on top of the matters that are relevant so it is always a great help. It’s very important for us to see how other companies are responding to market events. Whether via blog, live webinars or the magazine, the content helps keep us informed and aware of what competitors are doing.
"I find the webinars in particular of great use. I keep an eye out via my weekly membership email to see topics and panels that are of interest so I can stay informed and stay up to date. The quality of the panels is very high."
Like many members in the Procurement Leaders’ network, Francisco finds the reports and market intelligence help to drive best practice for his procurement team.
"The reports assist us in how we evaluate our processes and initiatives," says Francisco. "We get new ideas from the reports and also use them as a benchmarking tool to measure ourselves against others throughout the profession.
"We are always reviewing and developing our supply and performance management processes. We want to ensure all in our firm are fully coordinated and working together. Procurement Leaders gives us the raw material to help work on these goals. It helps us understand how the world is evolving."