ARTICLE
19 MAY 2016

Caltex and BP fuel multi-million dollar savings through procurement transformation projects

Procurement leaders recognised at 2016 Asia-Pacific CPO Forum Gala awards

Melbourne, Australia: Fuel companies Caltex Australia and BP have generated multi-million dollar savings through large-scale transformation projects, driven by two standout procurement leaders recognised at last night’s CPO Forum Gala awards, hosted by leading procurement consultancy The Faculty.

Responsible for a procurement spend of $1.5 billion, Caltex Chief Procurement Officer (CPO), Johanne Rossi, took out the 2016 CPO of the Year award, sponsored by Avetta, after leading a procurement transformation project that contributed $175 million worth of bottom line value in 2015. 

Caltex CEO Julian Segal, said: “Johanne has managed quite an amazing transformation at Caltex, changing the mindset both internally and externally of procurement from just about buying the cheapest staplers, to delivering on our company-wide strategy and creating value in partnership with our suppliers who are now regarded as key business partners.” 

“Johanne has this great enthusiasm and positive, motivating energy that has been critical in taking people with her on the transformation journey. Caltex is now a customer of choice and we’ve been able to leverage supplier relationships to drive mutual value and deliver real competitive advantage. As an Australian company, with no international operations outside of our trading hub in Singapore, these relationships are extremely important to our success.” 

The CPO of the Year award highlights the importance of the CPO role in organisations by recognising CPOs who hold strong functional and technical expertise, commercial outcomes, demonstrate leadership influence and leverage the value of procurement across their businesses. 

Up and coming procurement talent Joanna Graham, Strategic Sourcing Manager (Asia Pacific) at BP, also received the Future Leaders in Procurement (FLiP) award, sponsored by American Express. 

Graham’s manager, BP’s Procurement Director, David Macdonald, said: “Amongst other achievements, Joanna recently completed an 18 month process to outsource maintenance, which will drive significant value for BP and ensure our customers get the best possible service across our Australian business.” 

“Joanna exemplifies everything that's good about the modern procurement professional, she's got remarkable commercial acumen, negotiation planning and stakeholder management skills all brought together with a tough minded determination. From my experience, it's very rare to see all those attributes in the same person.” 

The Faculty’s Founding Chairman, Tania Seary, said: “The significant change projects undertaken by our CPO of the Year and FLiP award winners highlight how modern procurement leaders are driving business innovation through strategic partnerships with suppliers.” 

“By enabling its procurement leaders to drive cultural change internally and within supply partners, Caltex and BP have achieved both substantial financial savings as well as a real boost in stakeholder engagement and business sentiment in a remarkably short period of time.”

About CPO of the Year: Sponsored by Avetta, the CPO of the Year awards is a flagship initiative of The Faculty, created in 2012 to recognise and celebrate the achievements of procurement professionals across Asia Pacific. The 2016 Judging Panel comprised Ms Anita Ziemer, Executive Director Slade Partners, Professor Ian Williamson, Director and Associate Dean, Melbourne Business School and Matt Perfect, Founder and Supplier Relations Coach, Matt Perfect & Co and was chaired by Tony Megally from The Source. 

About Future Leaders in Procurement (FLiP): FLiP brings together Australia's next generation of commercial leaders and challenges them to engage in interactive learning experiences, broaden their leadership capability, define a fulfilling career path and expand their professional network. The Judging Panel comprised Ms Anita Ziemer, Executive Director Slade Partners, Professor Ian Williamson, Director and Associate Dean, Melbourne Business School and Matt Perfect, Founder and Supplier Relations Coach, Matt Perfect & Co and was chaired by Tony Megally from The Source. 

About The Faculty: The Faculty is Asia Pacific’s’ leading procurement advocates, highlighting the integral role procurement has to play in protecting margins, brand and growth for over twelve years. Through consulting, professional development and creating knowledge networks for CPOs to share best practice learnings, The Faculty helps business to accelerate and optimise their procurement investment.  

Media Contacts: Georgia Harrison, Keep Left, 03 9268 7800, 0423 617 372, georgia@keepleft.com.au Tim Lele, Keep Left, 03 9268 7800, 0411 293 176, tim@keepleft.com.au