Operating a lean, efficient procurement department is critical as companies continue to tighten their belts while at the same time expanding procurement objectives. But it’s easier said than done. Join this session to hear how Storebrand, the leading life insurance company in the Nordic market, transformed its purchasing function from being an afterthought to being awarded the Nordic Swan “Best in Class” Procurement organization for two consecutive years, without extra resources. Learn how Storebrand upskilled its staff and empowered them through the methodical implementation of a cloud-based technology suite.
8. #AribaLIVE
• Storebrand have for more than 15 years had focus on
Socially Responsible Investment (SRI)
More than 120 companies worldwide excluded from
investments
Eight people focus on and manage SRI and the dialogue with
this companies
Sustainable Asset Owner of the Year 2011
• Focus on CR in all purchases from the group
All companies excluded from investments also excluded from
purchasing
• Qualified for Dow Jones Sustainability Index
Listed on the DJSI 14 consecutive years
CO2 neutral since 2008
Global 100 - world leader in clean capitalism
• Member of United Nations Global Compact
Corporate Responsibility (CR) Is a
Main Driver in Everything We Do.
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Ariba’s On Demand applications and the Network generate measurable value to organizationsBuyer’s experience significant savings that fall right to the bottom lineSome savings are obvious (see above) but others less so. For example, a large Oil company was able to significantly cut inventory of replacement parts in its refineries due to the visibility into order status the network provided. This visibility not only enabled the managers to focus on the operations instead of whether a critical shipment was going to come, but also enabled them to reduce the excess inventory they needed as safety stock to ensure the refinery didn’t go downSuppliers experience savings through the automation of non-value added activities (like AR clerks having to call their customers each month to see when payments will be made)Suppliers also see top line growth from participation on the network – including net new business and increased wallet share with existing customers
Life and Pension: Sweden/Norway 42,2 million euros in premiumincome 300 million euros in customerfunds 30% marketshareInsurance: 26,5 million euros inpremiumincomeAsset Management: 558,5 million eurosBanking: 46,3 million euros in