BBVA Bancomer/2018 Annual Report
Under the supplier approval section of the Procurement Model, suppliers are asked to complete
a questionnaire on matters relating to social responsibility. The corporate methodology for
addressing reputational issues was also strengthened in 2018, since this is a decisive factor when
appraising suppliers.
Of the total number of active suppliers in
2018, 96.74% were Mexican, 1.28% were Spanish,
1.18% from the United States and 0.80% from other countries.
Increase of 115% in the
number of suppliers to
have undergone the
approval process in
comparison with 2017.
In keeping with current best industry practices, BBVA Financial Group has set up an electronic
communication model with its suppliers to provide comprehensive management of the
procurement cycle through the "Adquira" platform, which is integrated in the Global Procurement
System (GPS) technology.
The use of this portal is key for BBVA to achieve improvements to internal control of expenses,
streamlining traceability, operation transparency, flexibility and meeting Supplier payment
deadlines.
The GPS supports every stage of the procurement process at the BBVA Group, from approval
of the budget through to registration and accounting of invoices.
Supplier approval
The supplier approval process is essentially a review, conducted in accordance with internal rules
and regulations, that suppliers of goods and/or services to BBVA Bancomer must undergo, based
on the following segmentation:
1. The supplier's level of annual expense, using as a reference the billing with the supplier and/or
the amount of contracts awarded or expected to be awarded.
2. The potential impact on the business of the services and/or products to be delivered by the
supplier.
3. In new negotiations between suppliers and the Bank, where the relationship has already
reached at least two years.
The following points are checked as part of this process:
510
$
B
0000
Legal
Financial
Tax
Labor
Reputational
Technical
Regulatroy
Internal control
Corporate Social
Responsibility (CSR)
67
Of total suppliers
that underwent the approval
process in 2017, 97% were
approved.View entire presentation