Commerzbank AG

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.

The diagram proves an overview of Commerzbank's standardised strategic procurement process. Starting with the purchase order from one of Commerzbank's internal departments, a procurement project then goes through the stages shown above. The Corporate Procurement department controls the entire procurement process and represents the interface between the supplier and Commerzbank's respective department.

Typical criteria within the scope of supplier and quote evaluation and the 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