Strategic Sourcing Manager

3 days ago

Mumbai, Maharashtra, India PayU Full time
About PayU

At PayU, we are a global fintech investor and our vision is to build a world without financial borders where everyone can prosper. We give people in high-growth markets the financial services and products they need to thrive. Our expertise in 18 high-growth markets enables us to extend the reach of financial services. This drives everything we do, from investing in technology entrepreneurs, to offering credit to underserved individuals, to helping merchants buy, sell and operate online.

Job Summary:

  • As a Strategic Sourcing Manager, you will be responsible for leading cross-functional teams on various projects, ranging from spend analysis, forecasting, and consolidation.
  • You will conduct quantitative and qualitative assessments to develop TCO and Should Cost models and present your findings to key client stakeholders.
  • You will facilitate the execution of end-to-end Sourcing process from requirements gathering, demand forecasting, budget baselining, value engineering, RFx development, Go-to-Market strategy development, and supplier negotiation.
  • You will support the development of category strategies including spend, supplier, and industry best practices benchmarking to drive data-driven decision making for client objectives.
  • You will handle Hardware/Software, Services (i.e. AMC, Bandwidth) and Digitization (Projects) requirements.
  • You will manage Spend Analysis, Market trend analysis & RFx Management, large spend and cost optimization on IT procurement.
  • You will be responsible for conducting quantitative and qualitative assessments to develop TCO by leveraging presentations, data analytics, advanced Excel competencies.
  • You will be responsible for planning & purchasing function from procure to pay by developing OEM supplier/vendors as per client procurement requirement of Non-IT and IT Hardware (laptop, desktop, License, Printer other capex items), IT peripherals, services and electronics goods & gadgets, Telecom products, Project set up products, office automation products etc.
  • You will prepare short-term & long-term contracts with vendors. Track each step as a Procurement SPOC within team from Procure to Pay Process (from Strategic planning, Change Management purchase requisition, release PO through SAP/Pearl/SAP Hana, delivery and analyze the deviation and compliance of process.
  • You will be responsible for RFI/RFP/RFQ, develop Identification/selection of supplier and negotiation of prices, vendor Selection, share Scope of Work with vendor, Purchase order creation, vendor contract extension in terms of value and validity on pan India basis.

Key Responsibilities:

  • Support project budget, historical spend, savings projected vs. actuals, and value delivery tracking.
  • Report and update contract, supplier performance (dashboards, KPIs, SLAs, etc.), supplier risk (financial, ethics, regulatory, etc.), and life cycle management.
  • Manage day-to-day procurement processes: Purchase Requisition (PR) to Purchase Order (PO) conversion.
  • Support execution of the ad-hoc sourcing requests to provide excellent and timely customer service to all internal customers inquiring about transactional requirements, statuses, and/or general processes.
  • Participate in process improvement & data optimization exercises.
  • This person will take direction from stakeholders at different levels, produce quality work with minimal detailed oversight, and report status to team leads.

Requirements:

  • 6-8 years Previous experience in Procurement.
  • Expert level skills with financial assessments, data assessments, MS Excel (including pivot tables), creating charts and graphs, and creating MS PowerPoint presentations.
  • At least 3 years of Procure-To-Pay platform experience (Ariba, Coupa, SAP etc.) is highly preferred.
  • Ability to work creatively and quantitatively in a problem-solving environment.
  • Ability to work comfortably with all levels of the organization.
  • Ability to work in a fast-paced team environment.
  • Self-starter, multi-task, flexible, demonstrating initiative and confidence.
  • Excellent communication skills (written and verbal), including formal presentation skills.
  • Good organizational, multi-tasking, and time management skills.
  • Strategic Sourcing Initiatives: scoping, market and supplier research, RFx (development, management, and evaluation), negotiations.
  • Hands on experience on procurement tools like SAP, Ariba, Coupa etc.

About us:

At PayU, we are a global fintech investor and our vision is to build a world without financial borders where everyone can prosper. We give people in high-growth markets the financial services and products they need to thrive. Our expertise in 18 high-growth markets enables us to extend the reach of financial services. This drives everything we do, from investing in technology entrepreneurs, to offering credit to underserved individuals, to helping merchants buy, sell and operate online.

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