When the powers at be decide on procurement effort, often this is based on “gut feel”. If they’ve won work from that client before, if they have a good relationship with the supply chain or maybe even that they know that the competition has no capacity. Equally, they know which jobs to avoid. Maybe it is the suitability for the contract for another supplier or that the supply chain is difficult to work with.

At Projecting Success, we wondered if there was a better, robust, data driven, approach to prioritising your precious procurement effort.

The interesting thing is, there’s plenty of data out there! Just look at TED or contracts finder for example.

We developed a capability to assist the board when making these crucial decisions to support or challenge their gut feel.

During the evening Projecting Success’s CTO (James Smith) and Head of Data Science (Ben Morris) will walk you through the good and bad bits of the product creation lifecycle.

Bio of presenter:

Dr James Smith is the Chief Technology Officer at Projecting Success. He is responsible for a wide scope, spanning full stack development through to data science and AI. James has a passion for optimising and transforming how projects are delivered using the latest advanced methods in data analytics, where he has been lead for around 30 projects. He is immersed in visualisation, graph databases, Python, machine learning algorithms and regularly grapples with the challenges that exists with real world data

Ben Morris is a Data Scientist for Projecting Success. He has a MSc in Statistics from Warwick University and has experience working with a variety of tools and technologies from Python to Microsoft Azure to Power BI. He has a passion for using advanced techniques in statistics, machine learning and natural language processing to solve a variety of real-world challenges that exist with business data, particularly in the project delivery domain.

‘All things Procurement’ with Frank Wadsworth, Managing Director and Chief Procurement Officer, Americas Division at Sumitomo Mitsui Banking Corporation (SMBC)

Frank Wadsworth is Managing Director and Chief Procurement Officer of the Americas division at Sumitomo Mitsui Banking Corporation (SMBC). He has spent his career in financial services, having worked at some of the biggest names in banking: Morgan Stanley, Merrill Lynch, Bank of America, JP Morgan Chase, Bloomberg and now at SMBC. Beginning his career in technology, Wadsworth gradually transitioned to assume a variety of vendor management leadership roles.

Prior to joining SMBC, he led global supply chain operations for Bloomberg, while also establishing a third-party risk management programme for the firm, transforming a fragmented, reactive approach into a cohesive programme. This role at Bloomberg was preceded by a position leading strategic vendor management for J.P. Morgan’s investment banking division (IBD), as well as procurement professional services for the bank globally, with several billion dollars of spend under management.

Several leadership roles at Merrill Lynch, Bank of America and Morgan Stanley followed, where Wadsworth was responsible for driving multi-million-dollar savings, improving process efficiencies, and reducing risk by identifying and establishing outsourcing, offshoring and shared services opportunities.

As the Chief Procurement Officer for SMBC, Wadsworth is leading the development and implementation of a multi-year target operating model for SMBC to provide a centralised, strategic, and value-driven procurement function that enables the timely delivery of quality goods and services to SMBC businesses.

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‘All things Procurement’ with Frank Wadsworth, Managing Director and Chief Procurement Officer, Americas Division at Sumitomo Mitsui Banking Corporation (SMBC)

Frank Wadsworth is Managing Director and Chief Procurement Officer of the Americas division at Sumitomo Mitsui Banking Corporation (SMBC). He has spent his career in financial services, having worked at some of the biggest names in banking: Morgan Stanley, Merrill Lynch, Bank of America, JP Morgan Chase, Bloomberg and now at SMBC. Beginning his career in technology, Wadsworth gradually transitioned to assume a variety of vendor management leadership roles.

Prior to joining SMBC, he led global supply chain operations for Bloomberg, while also establishing a third-party risk management programme for the firm, transforming a fragmented, reactive approach into a cohesive programme. This role at Bloomberg was preceded by a position leading strategic vendor management for J.P. Morgan’s investment banking division (IBD), as well as procurement professional services for the bank globally, with several billion dollars of spend under management.

Several leadership roles at Merrill Lynch, Bank of America and Morgan Stanley followed, where Wadsworth was responsible for driving multi-million-dollar savings, improving process efficiencies, and reducing risk by identifying and establishing outsourcing, offshoring and shared services opportunities.

As the Chief Procurement Officer for SMBC, Wadsworth is leading the development and implementation of a multi-year target operating model for SMBC to provide a centralised, strategic, and value-driven procurement function that enables the timely delivery of quality goods and services to SMBC businesses.

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