About 55 percent of the participants in a recent survey for CAPS Research reported a decrease in the numbers of their suppliers and 27 percent reported an increase. The remainder reported no change to their supplier base, according to the Petroleum Industry Benchmarking Metric Report 2010.
In addition to the overall industry report, breakout reports are provided for integrated, upstream and downstream operations.
Key supply management performance measures included in this report focus on organizational structures, information on percentages of supply management professionals assigned different functional responsibilities (e.g., strategic sourcing, transactional purchasing, etc.), training spend, supply management operating expenses, cost reduction and avoidance, and value creation. Supplier-related metrics show a four-percent decrease in the overall supplier base during the reporting period.
