The Procurement Model is implemented and applied homogeneously in the different BBVA Group purchasing organizations
BBVA Group has a Global Procurement Process Model that has been common and homogeneously implemented in the different countries.
This Global Model covers the procurement process end-to-end: from budget elaboration and approval to suppliers invoice payment, and is carried out in the same technological platform for all the countries. In order to manage all the different negotiation processes that BBVA Group has in the different countries, our buyers have a deep knowledge of the different markets and suppliers. This Model is implemented and applied homogeneously in the different BBVA Group purchasing organizations. However, depending on the products/services requested and the market conditions, the negotiation process can be done by holding or local purchasing teams.
The Procurement Model is implemented and applied homogeneously in the different BBVA Group purchasing organizations
The purchasing process begins with the business unit product/service request and ends with the award and contract elaboration.
Brief description of the Procurement Process:
Budget approval (invest&spend)
Demand Management
Purchasing Request
Supplier Certification
Negotiation and award
Contracts
Orders Management
Acceptance of goods and services
Invoice registration and payment
BBVA Group uses Adquira electronic platform to manage the different purchasing processes