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How BP uses Fairmarkit

$1.2B

“In the last 18 months alone, bp has put $1.2B of spend through Fairmarkit.”

As published on fairmarkit.com. Captured by usedby on Oct 7, 2026.

What happened

bp uses Fairmarkit to automate and speed up its manual sourcing process, including low-value transactions, so procurement can keep up with its workload after a workforce reduction. It also uses the platform's supplier data to support diversity goals in category management.

Summary written by usedby from the source page, in English. The figures are those of Fairmarkit and BP, not ours.

  • $100M“Wright’s focus on automating manual and low-value transactions has resulted in bp actively sourcing $100M via automated processes, requiring zero human intervention.”
  • 50%“So for example, we have taken our cycle time down by about half and what that means in real terms is our stakeholders get their work and their product and services about 50% quicker.”

In the last 18 months alone, bp has put $1.2B of spend through Fairmarkit. Wright’s focus on automating manual and low-value transactions has resulted in bp actively sourcing $100M via automated processes, requiring zero human intervention.

From the page. fairmarkit.com, captured Oct 7, 2026

The data that Fairmarkit has provided is really the key to the tool. We have never had data like it.

Nicholas Wright, Director, Digital and Innovation, BP. Source, captured Oct 7, 2026

What the story claims, and what we checked

We compared the story with its live page on Oct 7, 2026.

  • The figure: $1.2BCheckedPrinted word for word on the page, near the name of BP.
  • The passage quoted aboveCheckedCopied word for word from the page, near the name of BP.
  • BP uses FairmarkitCheckedConfirmed line. Latest check across sources: Oct 7, 2026.
  • The result itselfNot checkedWe quote it; we did not measure it.

Same company, same tool or same industry.

8.5%“8.5% in awarded savings”Arauco uses Fairmarkit. Another customer of Fairmarkit14%“They have 6% awarded savings with 14% identified (mostly in Equatorial New Guinea).”Atlantic Methanol uses Fairmarkit. Another customer of Fairmarkit$2,000“average savings of about $2,000 per RFQ”Blue Cross Blue Shield of Kansas City (BCBS KC) uses Fairmarkit. Another customer of Fairmarkit