Sumit Chawla

Strategic Sourcing Manager - Category Management & Sourcing Execution @BMO

Toronto, ON, CA

Designed and implemented business improvement strategies from start of RFP development to contract negotiations + execution; focusing on sourcing, LOB and bank-wide goals to holistically grow the organization through impactful KPI\'s, value adds, and cost savings within each contract- Directly supported Capital Markets spend portfolio by developing and implementing innovative sourcing and demand management strategies to achieve business and cost management objectives while minimizing risk- Managing procurement projects and contracts worth $70 MM in annual supplier spend across Capital Markets, Technology, Personal Banking and External Labor categories- Developed Capital Markets supplier spend trends and category strategies with industry insights to support Capital Markets and Market Data portfolio; utilized data analytics to inform sourcing decisions, resulting in an 10% increase in supplier efficiency- Implemented sourcing strategy projects throughout their lifecycle, leveraging appropriate systems and tools to ensure accurate and up-to-date reporting on project progress and issues. Includes competitive events and conducting supplier contract negotiations- Planned and conducted sourcing events e.g. RFI, RFP, contract negotiation/renewal, etc- Collaborated with stakeholders to develop category and/or sub-category sourcing strategies/opportunities, supplier selection, due diligence, and contract negotiations while achieving targeted savings and business objectives- Consulted and guided assigned business/group on the implementation of solutions concerning category and supplier strategies, including the end-to-end risk management requirements associated with Outsourcing and Supplier Risk (OSR).