Hyderabad, Telangana, India
• Handling the entire spectrum of operations in PROCURE TO PAY process • Reviewing and processing requisitions to ensure timely order submission. • Source and select suppliers, negotiate terms and conditions, execution of purchase orders and award of contracts, master-service agreements. • Handling RFPs & RFQs [Request for Proposals/Quotes]. • Handling Bids - Inviting quotes from vendor; analyze and choose the best suitable quote • Negotiate prices received from the vendors, to better suit both the parties involved to make it a win-win situation. • Setting up of contracts & managing the same throughout their active term • Handling any issues & ad-hoc queries that might arise during the contract term & working with the vendor to resolve the same. • Insurance compliance - Ensuring that the vendors are in compliance with the required insurance regulations & policy limits necessary for holding an active contract in place. • Processing of invoices and making sure the amount involved gets charged to the correct cost center. • Ensuring timely availability of service/material and release of vendor payment. • Created and analyzed documented comparative costs submitted by suppliers in the RFQ process. Achievements: - Have set up about 650 contracts in the last 2 years worth $26M. - Have negotiated and saved about 8% on the whole and also driven the cycle times by 2.3 days on bidding process