What is procurement and what does it mean to Nordea?
Procurement is the acquisition of goods, services or works from an external source. The decisions about what to buy from which suppliers are taken by the areas in the value chain responsible for the goods and services delivered to Nordea and for the related costs. Nordea always seeks to buy high-quality products and services for our many business areas. Please read more in our Supplier Handbook.
How can I be a supplier to Nordea?
By registering your company in Ariba you make it possible for Nordea to find you and to send you an RFP. When your company is selected for a sourcing process, it will be registered in Nordea’s internal supplier database. After receiving offers from selected suppliers, Nordea begins the evaluation and starts negotiations with the suppliers. To find out more about Nordea’s sourcing process, please go to the Supplier Handbook.
What products or services is Nordea interested in?
In the section Purpose & Introduction of our Supplier Handbook, you will find a list of the relevant areas.
Who is in charge of purchasing of (category/product/service) at Nordea?
The decisions about what to buy from which suppliers are taken by the areas in the value chain responsible for the goods and services delivered to Nordea and for the related costs.
How can our company get to deliver consulting services to Nordea?
What is e-sourcing and e-auction and how can I be part of it?
Nordea has a supplier strategy for consulting services that builds on a number of so-called preferred suppliers. These are re-evaluated every second year through an RFP process. The procurement of consulting services is managed through a mandatory consultant procurement process. Please contact [email protected]
if you have questions directly related to consultant requests.
E-sourcing and e-auction is a process of obtaining bids from different suppliers via a single online portal. Nordea will invite potential suppliers separately and provide them more details and training on how to participate. Read more about it in our Supplier Handbook.
Why haven’t I been invited to any Nordea’s RFPs even though I have registered my company in Ariba?
Please note that a complete supplier profile in Ariba is not a guarantee that a supplier will receive an invitation to participate in our sourcing process. However, it will make the supplier’s information available for sourcing teams at Nordea for potential future business opportunities.
Who to contact at Nordea when I present a specific service or product but cannot find the relevant/responsible person or unit?
What is CSR and why is it needed?
If you do not know who is responsible at Nordea for sourcing your product/service category, please send your question to [email protected]
and we will guide you to the correct sourcing category unit.
CSR = Corporate Social Responsibility. Nordea requires its suppliers to operate in accordance with Nordea’s CSR principles. The CSR Supplier Policy is based on ten principles of the United Nation’s Global Compact, asking companies to embrace, support and enact, within their sphere of influence, a set of core values in the areas of human rights, labour rights, the environment and anti-corruption. Read more about CSR at Nordeas website.
Why do I need to sign a Non-Disclosure Agreement (NDA)?
Suppliers must sign an NDA before they enter into the RFP process. The NDA secures the rights of Nordea and suppliers in terms of disclosure of classified information about both parties. It is considered mandatory and non-negotiable by Nordea.
Why do I need to fill in a Unified Agreement template (UAT)?
Nordea expects suppliers to agree to the terms and conditions of the Agreement, which is mandatory to fill in and must be available throughout the tender process. However, if suppliers have reservations or comments to the Agreement, these must be stated in the provided Contract Feedback Form in connection with the RFP response.
Do we have to use Nordea’s contract templates?
Suppliers’ willingness to comply with Nordea’sstandard agreement is one of the criteria on which their RFP response will be evaluated.
What does contracting with Nordea entail?
We aim to use our internal template called the Unified Agreement Template (UAT). This document is customised on a case-by-case basis depending on the particular service/product that is being acquired.
What current RFXs does Nordea have ongoing?
Nordea does not disclose publicly any information about ongoing RFXs. By registering on Ariba you will have a greater chance of getting through our down-selection process and being invited to our ongoing RFXs.
What does Nordea’s sourcing process entail?
See the page on Nordea Sourcing Process.
How do you choose between suppliers in the RFX process?
Nordea’s supplier selection is based on several criteria. In each case criteria related to quality, risks and costs and any other project relevant criteria are weighted.
Will you commit to any volume?
Nordea will not make any volume commitments.