How Danske Bank creates supply chain resilience and value via its Vendor Management Centre of Excellence

How Danske Bank creates supply chain resilience and value via its Vendor Management Centre of Excellence

In this Supply Management Insider webinar, produced in partnership with Brooklyn Vendor Assurance, we look at how it is crucial to ensure better vendor management within any organisation. 

In these times of change, best-practice vendor management is a differentiator among high-performing businesses. The thought leaders take a holistic approach, running integrated business processes that cover contractual and regulatory (when applicable) obligations, supply chain performance, frontline risk management, and innovation. They drive cost and process efficiencies and are an indispensable party to the strategic sourcing conversation.

Take Danske Bank, for example. It has a Board-level goal of excellence in governance, compliance, security, and value realisation across its entire supply chain. It is in a transformation journey, with many lessons learned and with change underway.  Most recently, it has combined several supply-chain related functions that most companies still essentially run as silos.

Danske Bank has combined best practices and disciplines across contract management, performance management, service management, and frontline risk management into one orchestrated Vendor Management Centre of Excellence. It experiments and applies the advice of leading experts, and the results are coming into focus and highlighting a handsome return on investment.

In this webinar, brought in partnership with Brooklyn Vendor Assurance, an enterprise cloud-based software platform that delivers value-for-money and compliance across the vendor portfolio, we will explore: 

  • what has worked well and what pitfalls to avoid on Danske Bank’s own procurement transformation journey
  • how to make a business case for change.
  • the technology available to automate the practice of managing vendors

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