Each year, BMO Financial Group (BMO) spends over $2 billion worth of goods and services with its preferred suppliers. Preferred suppliers are key strategic business partners who are held to the highest standards for quality, ethics and value.
BMO Strategic Sourcing is a North American team of professionals who provide consulting and advisory support to BMO business units. Strategic Sourcing sets the enterprise supplier governance standards that establishes the ethical and cost effective procurement practices for BMO employees
BMO supports an environment of collaboration and innovation with its suppliers to ensure mutually beneficial relationships. We are interested in suppliers who will partner with us and deliver products and services that are the optimum in value, quality and performance.
Tell us about your company
If your company would like to be considered a potential supplier to BMO Financial Group, you will need to register with us and complete an online profile, which will be added to our database. To register, you will need to use a valid business email address (not a personal email address) as your user ID and the system will prompt you to choose your own password.
The minimum operating system requirements needed to access the online form are as follows: Microsoft Windows 98, NT (SP6a), 2000 (SP4) or XP (SP1). Your browser must be Microsoft Internet Explorer 6 or 7 (SP1 and above) or Mozilla Firefox 2.0.
Please note that BMO will only contact suitable potential vendors when new sourcing activities are being considered
About Strategic Sourcing
BMO Financial Group employs Strategic Sourcing as a center of competence to enable the purchase of the best products and/or services for the best value.
To ensure BMO Financial Group receives the best value in the marketplace, Strategic Sourcing analyzes what the organization purchases, current supply market conditions, industry trends and best practices, and current and prospective suppliers’ product and/or service offerings. Strategic Sourcing supports business groups in the development and implementation of appropriate procurement plans and strategies that align to business needs and cost management objectives.
Strategic Sourcing establishes enterprise-wide preferred supplier programs for commonly ordered products and services. In negotiating the most favorable agreement to meet service and performance expectations, we ensure that these products and/or services are competitively priced and delivered to meet high quality and performance requirements.
BMO may use service providers to perform certain business activities that are traditionally handled by internal resources. These outsourcing decisions are made in alignment with the Bank’s strategy. Outsourcing is a strategic business tool for enhancing overall performance and allows an organization to focus on its core competencies, reduce and control operating costs, access world-class capabilities and avoid capital costs. The BMO Outsourcing Center of Competence provides governance and advisory services, and establishes processes that support business units with their outsourcing arrangements with service providers.
BMO Financial Group proactively seeks and contracts companies of all sizes and capabilities – from regional suppliers to those that operate internationally – to find the right supplier for a specific business area or for the entire enterprise.
Interested in becoming a supplier?
If your company would like to be considered a potential supplier to BMO Financial Group, you will need to register with us and complete an online profile, which will be added to our database. To register, you will need to use a valid business email address (not a personal email address) as your user ID and the system will prompt you to choose your own password.
The minimum operating system requirements needed to access the online form are as follows: Microsoft Windows 98, NT (SP6a), 2000 (SP4) or XP (SP1). Your browser must be Microsoft Internet Explorer 6 or 7 (SP1 and above) or Mozilla Firefox 2.0.
Please note that BMO will only contact suitable potential vendors when new sourcing activities are being considered.
Doing business with BMO
BMO Financial Group maintains high standards for both our employees involved with sourcing activities and the suppliers that do business with us.
Employment of ethical and equitable practices
FirstPrinciples is our Code of Business Conduct and Ethics. It documents and promotes the standards of business conduct and ethics for our employees. Similarly, we expect our suppliers and their employees to maintain a high standard of business conduct and ethics to which we hold ourselves. To that end, suppliers are provided with BMO's Suppliers FirstPrinciples.
BMO employees adhere to a Supplier Governance Corporate Standard that defines the framework to govern and manage supplier relationships. The standards for engaging suppliers are established to ensure ethical and equitable practices are employed in the competitive bid process throughout the term of the supplier relationship. We strive to obtain the optimum in quality, service and value in the products and services we purchase and comply with the procurement ethics guidelines.
Buying Green
We are committed to purchasing goods and services from and working with environmentally responsible suppliers.
As part of our enterprise-wide procurement strategy, BMO endeavours to buy goods and services from suppliers that have sound environmental policies and practices. Strategic Sourcing is responsible for engaging external suppliers and supporting line of business areas in establishing best practices in supplier management. In compliance with our established sourcing methodology, all requests for proposal (RFP) require information about the prospective supplier’s environmental practices. When selecting preferred suppliers, consideration is given to suppliers concerned about the environmental impacts. It is expected that BMO preferred suppliers carry out their work in compliance with current environmental legislation and comply with environmental protection laws. Visit BMO and the Environment for additional information.
Privacy and Information Security Management
At BMO Financial Group, privacy is a fundamental commitment to respect and protect an individual's right to control the collection, use and disclosure of his or her personal information. Privacy forms a cornerstone of our relationship with our clients, suppliers and employees and allows us to earn trust and build our business.
Safeguarding information, in particular the personal and proprietary information of our clients, suppliers and employees, is important to our organization. Companies who provide services on our behalf are held to the same high standards of confidentiality by which we are governed. We require that any information provided be kept strictly confidential and used only for purposes of supplier contract.
What we look for
While cost is an important factor, we must ensure that BMO obtains the best quality product and/or service for the best available price through appropriate supplier evaluation, due diligence and product and/or service assessment against business requirements.
Supplier evaluation and selection is based on qualitative and quantitative criteria specific to business requirements and elements in the supplier offering. This criteria may include, but is not limited to:
- Price
- Financial strength of the supplier
- Relevant business experience
- Length of time in business
- Ability to meet business requirements defined in RFx
- Product Quality and Functionality
- Value Add
- Bilingual capabilities (i.e. English and French in Canada)
- Customer Satisfaction
- Commitment to service levels
- Information Security Management Practices
- Technical and Operational capabilities
- Supplier Diversity
- Environmental Sustainability
Supplier qualification requirements and weight vary by geography, business and category.
Please complete an online profile and tell us about your company and the products and/or services you offer. To register, you will need to use a valid business email address (not a personal email address) as your user ID and the system will prompt you to choose your own password.
The minimum operating system requirements needed to access the online form are as follows: Microsoft Windows 98, NT (SP6a), 2000 (SP4) or XP (SP1). Your browser must be Microsoft Internet Explorer 6 or 7 (SP1 and above) or Mozilla Firefox 2.0.
Please note that BMO will only contact suitable potential vendors when new sourcing activities are being considered.
Supplier Diversity
BMO Financial Group recognizes that minority-owned, women-owned and other diverse supplier businesses are important to the economic future of the communities that we do business in. BMO is committed to the utilization of diverse suppliers for its business needs.
By providing opportunities and building relationships with diverse suppliers we can create mutually beneficial relationships. BMO strongly encourages the inclusion of competitive, qualified and certified diverse suppliers in the competitive bidding process in the U.S.
BMO Strategic Sourcing proactively seeks suppliers who can offer products and/or services that are of high quality, competitively priced and commitment to superior service delivery.
We welcome interested certified diverse suppliers, which includes Aboriginal, disabled, disabled veteran, minority/visible minority and women-owned business enterprises to complete an online profile to tell us about their company and the products and/or services they can offer BMO. This profile will be added to our database. To register, you will need to use a valid business email address (not a personal email address) as your user ID and the system will prompt you to choose your own password.
The minimum operating system requirements needed to access the online form are as follows: Microsoft Windows 98, NT (SP6a), 2000 (SP4) or XP (SP1). Your browser must be Microsoft Internet Explorer 6 or 7 (SP1 and above) or Mozilla Firefox 2.0.
Please note that BMO will only contact suitable potential vendors when new sourcing activities are being considered.
Legal Disclaimer
Please do not submit to BMO Financial Group any confidential or personal information. You acknowledge and agree that BMO Financial Group may treat all information you submit as information that is publicly available.
By submitting information to BMO Financial Group, you acknowledge and agree that members of BMO Financial Group may collect, exchange, use, analyze and assess relevant information about your company and provide information on your products and services to BMO divisions, entities, affiliates, agents and subcontractors and conversely provide your company with information about the products and services available from BMO Financial Group.
Only suitable vendors will be contacted when there is a new sourcing initiative or need. Existing vendor relationships are reviewed and qualified vendors may receive a Request for Information to enhance our information on the supply market and current vendors. Qualified vendors may also receive a Request for Proposal to bid on a defined contract, product or service. BMO Financial Group reserves the right, in BMO Financial Group’s sole discretion, to select the vendor(s) that are most suited to its business requirements.
This submission/registration does not commit BMO Financial Group to any specific course of action. The collection of this information does not bind BMO Financial Group or any member of BMO Financial Group to correspond with you as a vendor, to include you or your submissions in any future proposals, in whole or in part, nor does it commit or bind any of the members of BMO Financial Group to provide any explanation or reason for its decision to accept or reject any submission or vendor. Moreover it does not commit or bind BMO Financial Group or any member of BMO Financial Group to purchase any good or service from such vendors. Any costs associated with the submission of the Vendor Information shall be borne solely by the Vendor
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