As the products and services that Amadeus purchases are of such strategic and economic importance, we employ a coordinated purchasing approach that stresses acquiring good quality products and services at best cost, making a significant contribution to maintaining the Group's competitiveness. Thus, we developed a Corporate Purchasing Policy in order to reach the following objectives:
The Corporate Purchasing Policy applies to all fully and majority owned entities of the Group and serves as a reference for follow-up by the internal audit area. It is applicable for the procurement of all goods and services (direct purchases, investments, leasing and rentals) without monetary limit, according to the requirements and specification of the best quality at best cost.
A Corporate Purchasing Unit is in place as a corporate function reporting to the Chief Financial Officer whose mission is to ensure that all potential synergies are utilised and to ensure a reduction of direct and indirect purchase cost while maintaining or improving existing quality levels. Indeed it is the owner of and responsible for the harmonisation of the procurement process and all related processes.