A number of the benefits are cited below. Please contact Alan Doniger (Doniger@posc.org) with any questions.

• Participation in POSC SIGs (as is the case for POSC membership) can result in a positive influence on a company's business return - business re-engineering empowerment, reduced cost, reduction of cycle time.

• Participation can result in a significant influence on POSC's work program in the subjects addressed by the SIGs.

• Participation in SIGs can enable an organization to move up to POSC membership, thereby supporting the full range of POSC's fundamental industry standards work.

• Participation significantly influences POSC's current and future development and maintenance of POSC deliverables related to the subjects addressed by the SIGs.

• Actively participating in POSC through the SIGs provides a greater understanding of the vendor and oil community, and projects currently planned or underway.

• Actively participating in POSC through the SIGs provides vendors a tremendous benefit in understanding and assessing petroleum industry needs through exposure to multiple customers in a non-sales environment.

• Early access to SIG work practices, standards, and products / services recommendations allow earlier implementation and realization of savings.

• SIG participation provides an outstanding opportunity for collaboration in related joint development pilot implementation projects which can result in cost reduction, faster implementation, and risk sharing between oil companies and/or vendors.

• SIG participation provides a collaborative platform for learning - participation in SIG meetings means a faster/quality learning cycle; learning from "early adopters" reduces take-up costs.

• Learning experiences are a direct result of participation in POSC; it allows one to seek input through outside ideas.

• SIG participation provides a good return on your SIG fee investment, by sharing costs and risks with fellow SIG participations and receiving active facilitation from the POSC staff all  working on a subject area that is important to you.

• Oil company SIG participation sends a clear message to supplier community the desire for and willingness to invest in non-competitive industry best practices and associated industry standards.

• Supplier SIG participation demonstrates commitment to be responsive to the needs of this industry segment.

• Oil company SIG participation, and POSC membership even more, is a way of providing corporate support to the overall industry - industry data & computing standards provide significant benefit to all.