categories at the Euromoney Awards for Excellence in 2016 . Albastaki adds : “ All of these are of course useful leverages , which we can use in negotiations with suppliers .”
The bank utilises approximately 2,000 suppliers - a mix of both national and international - enabling it to cement its status as leaders in the market , manage all sourcing elements to a high standard and remain ahead of the game . Albastaki explains , “ the number of suppliers goes up and down , because some smaller suppliers we sometimes bring in for one time only ”. However , he adds : “ We have approximately 100 or more strategic suppliers ”, which is continually fluctuating . From a spend perspective , Albastaki confirms that there can be up to 200 suppliers that the bank can consider .
Nonetheless , the growth of Emirates NBD has not been without its challenges . One common issue is governance , both in Dubai and countries where the bank imports from , whilst logistics , lead time and benchmarking services are also regular challenges . Albastaki explains : “ We are on boards with leaders and consultants which give us insight on
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