CIBC's Sourcing organization provides consultative and trusted sourcing services, using a disciplined process and governance framework, to enable CIBC and its suppliers to effectively execute against business priorities. We strive to minimize cost and maximize value for CIBC.
The mandate of CIBC's Sourcing organization is to provide supplier selection and contracting services, using a standard sourcing methodology that contributes to CIBC's productivity through strong relationships with our employees, internal business partners and suppliers.
- Select the right supplier through a fair and equitable process, and optimize value through the right balance of price, quality, contract terms, risk mitigation and organizational impact
- Negotiate and execute contracts with suppliers that comply with applicable laws, regulations, bank policies, etc.
- Manage supplier relationships, including ongoing monitoring, compliance and reporting standards