News : Deutsche Bank Keeps Arvato SCM Solutions in its “Strategic Partnership Program”
Gütersloh, Germany, July 19, 2016 -- Deutsche Bank has included Arvato in its "Strategic Partnership Program" (SPP) by booking an early extension of the existing contract up to 2020.
Within the scope of this extended contract, the Corporate Information Management Division of Arvato SCM Solutions will now also be responsible for inventory management at Deutsche Bank – an additional task pivotal to supply chain management.
To streamline procurement and accounting processes even further, Arvato will act as an intermediary dealer. The SCM experts at Arvato will centrally purchase marketing and office supplies for Deutsche Bank in Germany, store the wares and later sell them to the bank's branch offices and internal units. This concept facilitates invoice flow and enables Deutsche Bank to keep a transparent bottom line on the overhead of the individual units while allocating the costs accurately.
"The partnership between Arvato and the Deutsche Bank has lasted for more than 25 years now. This collaborative relationship of trust enables us to continue to mutually streamline potentials in supply chain management," says Boris Scholz, Managing Director of Corporate Information Management – Arvato SCM Solutions.
Posted by Veronica Silva Cusi, news correspondent
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The arvato services group provides international outsourcing solutions to a wide range of businesses both nationally and globally. Its clients include leading companies in the automotive, telecommunications, information technology, media, financial services, healthcare and travel industries.
About Deutsche Bank:
Deutsche Bank AG (literally "German Bank"; pronounced [ˈdɔʏtʃə ˈbaŋk]) is a German global banking and financial services company with its headquarters in the Deutsche Bank Twin Towers in Frankfurt. It has more than 100,000 employees in over 70 countries, and has a large presence in Europe, the Americas, Asia-Pacific and the emerging markets. In 2009, Deutsche Bank was the largest foreign exchange dealer in the world with a market share of 21 percent.
Published: Monday, July 25, 2016