To lower cost and increase quality of finance and accounting (F&A) services BP, a global oil exploration and production company, determined to outsource its transaction processing, a non-core aspect of F&A services, to an organisation that had transaction processing as a core competency. This lead to BP realising that such a competency-based strategy was a valuable approach to management in other areas of its supply chain management such contract manufacturing, co-branding, retail merchandise ma...
BPIR Categories13.1 Develop and manage supplier/customer partnerships
2.2.4 Formulate and review business unit strategy
2.4.5 Manage strategic alliances