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Citi purchases and contracts out a variety of products and services. Our goal is to obtain the highest quality products and services, at the lowest cost, in a timely manner, and with the best service.
Procurement Citi purchasing professionals play a key role by meeting the company's purchasing goal while supporting our Supplier Diversity Program. Purchasing professionals work with the Supplier Diversity Program to identify additional diverse suppliers and consultants. In addition, other employees who make purchasing decisions are required to seek and utilize competitive, diverse suppliers and consultants. A financial institution the size and scope of Citi buys a broad range of goods and services, such as office supplies, technology, printing services, furniture, and paper. Other significant decisions, such as professional services, are procured either through Citi Procurement Services or individual business groups within Citi. Contracting and Consulting The Supplier Diversity Program has expanded the roles of diverse suppliers beyond the traditional procurement areas (i.e. temporary staffing) into professional and technical services (i.e. legal, marketing, accounting, IT, and investment advisory services). Bidding is competitive and based upon the firm’s management expertise, operational capabilities and track record. In addition to direct purchasing from diverse suppliers, Citi encourages our Prime Suppliers to develop and utilize diverse suppliers as subcontractors. |