RESPONSIBLE SOURCING

The remit of Société Générale Group's Purchasing Department is the successful management of Group purchases by optimizing external expenses (by finding the best possible ratio between quality and cost) and limiting operating, financial and reputation risks.

Responsible sourcing

Key figures in 2009
  • 68 purchasers in Paris and 62 overseas,
  • 2,167 accredited suppliers,
  • € 5.1 billion in annual Group expenditure excluding leases and insurance.
Société Générale's Purchasing Department is in charge of supplier relations and the functional and financial responsibilities of its teams extend across the Group and around the world. In guaranteeing that all business lines benefit from best possible conditions, quality and results, it not only helps to limit the scale of operating risk, but also has a fundamental role to play in the Group’s transformation policy.
Its mission is three-fold :
  • Normative : to define the standards, organisational procedures and processes that will ensure the best ratio of cost to performance for all Société Générale Group entities both in France and abroad,
  • Operational : to optimise the quality-to-cost ratio of all goods and services required by the Group,
  • Strategic: to help define the best strategy for efficient sourcing and ensure its concrete implementation.
Its policy is based on three main principles :
  • Neutrality : selecting those proposals that best suit the Group's functional and technical requirements according to an objective, fair and transparent process,
  • Responsibility : making CSR (Corporate and Social Responsibility) an integral part of its day-to-day activities,
  • Efficiency: constantly improving the Group's operations by identifying those suppliers that combine innovative solutions with quality and economic performance.
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