Our sourcing proccess
In Danske Bank we have a central unit which is responsible for all purchases for branches, departments and business units across the Group. Most of the unit’s collaboration with suppliers happens through Ivalua – Danske Bank’s supplier management, sourcing and contracting platform.
We choose our suppliers on the basis of an overall assessment of price, quality and their ability to meet our environmental, security and process standards. When we assess the price of a product, we look at the total cost of ownership, which includes purchase, delivery, current costs and disposal.