Paris 2012: Danske Bank Shares Vendor Management Program

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At last week’s Paris Financial Information Summit, Hans Henrik Hovmand, senior category manager at Danske Bank, outlined an initiative that helps the firm better manage its relationships with data vendors.

The project, dubbed Strategic Vendor Management, aims to provide a fact-based structure for decisions about vendors as rising data costs put pressure on sourcing decisions. “Today a typical vendor manager at Danske Bank is managing a budget of over €50 million, so we needed a structured approa