IT Portfolio Role

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The Portfolio ensures that the appropriate IT skills are assembled to support both IT and business in launching their small and large initiatives.

The Portfolio Guardians act as the oil in the engine, ensuring that key constraints are considered and addressed.
To ensure this is being done in a structured manner a portfolio process has been set-up, in which every Monday different initiatives are being reviewed by the appropriate stakeholders. 

Every Quarter all proposed initiatives for which IT sees no "IT blocking points" (security, architecture, feasibility) are reviewed with the business to ensure the most value adding and critical projects are started. 


A. Purpose of Portfolio Governance & Guidance

Procurement Mission Statement

Our mission is to deliver SYENSQO’s profitable growth, innovation and sustainability targets with a team of agile, engaged and highly-skilled procurement explorers.

We will drive superior value creation and accelerate innovative and sustainable products and solutions for advancing humanity by:

• Developing partnerships and supplier collaboration
• Embracing advanced technologies and processes
• Embedding sustainability at the core of our activities

Procurement Governance Policy

The Procurement Governance is defined to support our Procurement IT mission and provides a set of 18 rules validations to maximize performance and drive value for the Group. It is aligned with the Solvay Management Book. As our Procurement IT activities impact operational & financial performance, Procurement Portfolio Governance focuses on helping value creation while ensuring scrutiny value generation, security & spend oversight and reducing risks of fraud or conflict of interests.

B. What are the Governance rules?

Procurement Governance is composed of general and specific rules for 3 key processes, Source to Contract, Purchase to Pay and Supplier Portfolio Management.

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To help you apply the different Governance rules, a set of Frequently Asked Questions is available.

C. Delegation of Authority Guideline (DoAG)

The Delegation of Authority Guideline (DoAG) is key in the implementation of our Procurement governance. It defines the Procurement internal prior approval matrix applicable for all our Purchases in all the Legal Entities of Solvay Group. It covers the approvals for negotiation and award of contracts, the amendments, the NDAs and the validation of the Category strategies

D. Bid Waiver

One of the Procurement Governance rules relates to the bidding policy and the need to integrate competition in our sourcing activities. In case it is not possible, a bid waiver form needs to be filled in and approved.

E. Procurement Minimum Payment Terms Guideline and Needed Information

In the context of cash optimization program, a shared payment term list has been defined collaboratively for the Group.

The standard payment term is 120 days EOM the 5th. All new category strategies should outline a plan to reach this objective in the next 3 years. Get to know everything on the Minimum Payment Terms required and the exceptions in the Minimum Payment Terms Guideline. 

The Minimum Payment Term applicable may vary from one country to the other. The rule determined by the country will of course prevail on the Minimum Payment Term required by Solvay (Regulatory Payment Terms in major countries). 

Sustainable Procurement Policies

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B. Portfolio Team

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Date last updated: 25/10/2022