Overview
Corporate Procurement consists of procurements undertaken by the World Bank Group (WBG) when it is buying for its own use. The Corporate Procurement Unit, is separate to IPF Operations Procurement.
The WBG, spends around USD $2B annually for goods, services, works and consulting services for its own requirements in its Headquarters in Washington DC and offices in over 130 global locations, and for requirements to support its global lending operations. These procurement activities fall within the functional authority of the WBG Corporate Procurement. The Corporate Procurement Unit is responsible for the coordination and oversight of sourcing strategy, solicitation, selection, negotiation, and execution of contracts, managing third-party risk and sustainability objectives of the WBG.
Mission
Corporate Procurement’s mission encompasses:
Commerciality: Deliver best “value for money” supply solutions measured by cost, quality and speed.
Risk Management: Predict, mitigate and manage third-party related risks to protect WBG’s interests.
Sustainability: Develop environmentally and socially sustainable supply chains.
Key links for more information:
Corporate Procurement Overview
Corporate Procurement Business Opportunities
Identifying Current Opportunities