Hema Parmanandani

• Liaised with internal and external stakeholders to identify and leverage contract value opportunities.
• Administered agreements by negotiating change orders, executing contract extensions and resolving administrative issues.
• Streamlined portfolio, negotiated payment terms and promoted spending transparency to support cross-disciplinary goals.
• Developed requests for proposal and issued requests for quotes to support sourcing efforts.
• Monitored labor markets and conducted market intelligence to optimize savings and run rate.
• Managed and developed relationships with suppliers to attain maximum cost efficiency and leverage buying power.
• Analyzed spend data to identify and execute cost-savings, cost-avoidance and value analysis opportunities.
• Developed and implemented strategic purchasing procedures and control systems to reduce direct costs and carrying costs.

• Sourcing vendors, floating RFQ / RFP, reviewing contracts, and managing negotiations with due diligence
• Managing complete Supply Chain cycle for 25 CAPEX product categories for pan-India delivery
• Conduct reverse-auctions for all CAPEX product categories
• Driving negotiations via new contracts, rate cards, renewals to ensure maximum cost savings
• Monitoring TAP (Rishta) procure-2-pay process with sign-offs and approvals while ensuring stringent compliance protocols
• Managing team of 7 FTEs on supply chain, logistics, and invoice processing
• Aligning delivery timelines, managing orders, and coordinating with all vendors across India
• Performing ad-hoc requests for new sites and existing branches as required
• Managing multi-location stakeholders from Corporate Real Estate and Location Engineers

Highlights:

• Consistent average cost saving of 23%+, Q-o-Q
• Oversaw automation of manual PO processing to Rishta P2P

• Sourced and managed India vendors for IT, Non-IT and professional service contracts
• Managed global and domestic procurement for equipment and services
• Developed proactive scheduling in conjunction with competitive bidding and Sourcing processes, thereby providing better control over bidding and costs related to large orders
• Oversaw complete indirect procurement process transition on SAP from the US to India
• Trained and managed a team of 5 FTEs on sourcing and procurement practices
• Managed procurement of consulting services for US office and office expansion projects for Switzerland, China, and South Korea offices
• Procured infrastructure and equipment from Europe and China for the 30k sqft new office including servers, workstations, office furniture
• Operated with $2Mn budget annually for a total of 250 employees with over 30% savings
• Saved over 80 Lakhs, only through effective contract negotiations

Highlights:

• Led real estate and expansion projects with an overall cost saving of 40%

• Tactical sourcing for IT products
• Transitioned procurement process for APAC and handled IT commodities
• Trained 3 FTEs on process stabilization and execution
• Created requisitions in ePro and processed through Peoplesoft
• Handled IT and professional services procurement for Asia region
• Due diligence on contract review before PO release
• Generated reports related to requisitions processed, PO generated, ORF processed, PO amended and closed, for KPI metrics