WadzPay Technology India Pvt. Ltd.
|Global Sourcing Lead
Summary
Led global sourcing operations for SaaS, PaaS, and IT service vendors, managing an annual contract portfolio of up to 50 crore (USD 5.7 Million) and driving strategic procurement initiatives.
Highlights
Implemented and optimized Procure-to-Pay (P2P) processes, significantly reducing procurement cycle time by 25% and elevating compliance audit scores to 99%.
Achieved 15% reduction in operational expenses and improved budgetary efficiency by renegotiating real estate lease agreements and supplier contracts.
Directed sourcing and procurement for Real-estate, IT, hardware, telecom, professional services, and marketing categories, generating 8 crore (USD 0.91 Million) in cost savings over two years.
Led RFx events and competitive bidding initiatives, yielding over 10% YoY cost savings across key categories.
Developed and enforced supplier scorecards and SLAs, enhancing vendor KPIs by 15% and minimizing underperformance.
Diversified the supplier base, reducing sole-source dependency from 40% to 15% and significantly enhancing supply chain reliability.
Conducted comprehensive supplier evaluations and financial due diligence, successfully mitigating risk across over 100 contracts.
Built market intelligence capabilities within the team, supporting strategic development and ensuring compliance with risk activities for vendor onboarding.