The ability to segment and closely engage with strategic suppliers allows procurement organizations to deliver increasingly new forms of value to the business. Establishing a framework to cultivate those relationships helps foster innovation and enables collaborative product design & cost optimization with strategic suppliers. Scott Wharton, CPO at Citi, discusses strategic supplier performance management and how it has helped to promote collaboration and drive innovation with key suppliers.
Scott leads Citi Procurement Services globally. Prior to his current position, Scott led Citi’s Regional Corporate Services organization across the Asia-Pacific, which included Process Reengineering & Productivity, Procurement, Market Data Services, Global Event Marketing and General Services. Prior to joining Citi, Scott held the position of Asia-Pacific Region Head of Expense Management & Strategic Sourcing at Nomura, and had previously worked at other financial services companies in Asia-Pacific both as a senior manager and as a management consultant. Scott specializes in operations strategy, business reengineering and strategic procurement. He holds a Bachelor of Science from the University of Sydney, a Bachelor of Laws from the University of Technology in Sydney, an Executive MBA from INSEAD and an Executive MBA from Tsinghua University in Beijing.