ITP - Supplier Relationship Management

ITP - SRM's mission is to help improve the Group's operating ratio by managing costs linked with external expenditures, which, apart from third party spending, include the costs of supplies and internal purchasing-related processes.

The strategy implemented by ITP - SRM aims to apply across-the-board leverage to optimise the Group's external expenditure and to ensure the competitiveness of decisions made by:

The objectives :

• allow the smallest entities to profit from the negotiating power of the largest by pooling the volumes of the Group;
• promote the rules and standards of the Group defined by the specifying entities;
• comply and ensure compliance with the legislation in force and the targets set by the Group in terms of Ethics, Operational risks and Sustainable Development.

Although its establishment in France is very important, BNP Paribas is a major international group and ITP - SRM has had a duty to draw the organisational consequences of this:

• a global team is based in Paris and London in order that each service integrates French and English approaches;
• physical establishment of a ITP - SRM representative on the American and Asian continents to ensure proximity in the relationship and guarantee that regional specificities are taken into consideration.
• A relationship with 2500 correspondents in more than 97 % entities of the Group providing that :
  • All entities' needs are taken into consideration during a global RFP
  • The best efforts are made to deploy the contract

Purshasing Procedures

•  ITP - SRM (Supplier Relationship Management) is the selected function working for the whole BNP Paribas group in the world and wishes to accompany referenced suppliers during the deployments of contracts in the most effective possible way.

• BNP Paribas Central Functions have a controlling role in each of their respective domains. They define the standards which are applied by ITP - SRM in suppliers and products selection . For example, ITPS (IT Production & Services) define Technology and Telecommunication standards. Human Resources Group define the rules concerning expenses related to human resources (headhunting, temporary work agencies, etc.) In addition to Functions, some business lines' central functions also play a role in specifications.

•  The Group Procurement Committee is presided over by one of the two Chief Operating Officers (COO) of BNP Paribas. It is composed of the General Secretary of each Core Business, representatives of the principal Central Functions as well as the head of ITP - SRM. It meets every two months. This committee validates and follows up the ITP - SRM Procurement action plan.

 •  In the same way, ITP - SRM wishes that BNP Paribas' global suppliers structure their reporting based on the the BNP PARIBAS organization.