Structured Procurement Process Structured Procurement Process

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A structured and competition-oriented procurement process results in an optimum choice of suppliers for Commerzbank, guarantees compliance with Commerzbank's rules and is the basis for a long-term, partnership based supplier relationship.

Based on the internal requirements of a Commerzbank department, a procurement project goes through various phases. Corporate Procurement controls the entire procurement process and forms the interface between the supplier and the relevant Commerzbank specialist department.

Typical criteria in the context of supplier and quotation evaluation and subsequent supplier selection are:

  • Value for money
  • Risk aspects and the financial stability of the supplier
  • The supplier's innovation capabilities
  • Sustainability aspects
  • Reliability and efficiency

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