Jyoti Verma

• Strategic Sourcing: Develop and implement procurement strategies for professional services, including consulting, legal, financial, and IT services, ensuring alignment with organizational goals.
• Vendor Management: Identify, evaluate, and onboard service providers, maintaining strong relationships to ensure service quality and adherence to agreements.
• Contract Negotiation: Lead negotiations to secure favorable terms, pricing, and conditions while mitigating risks and ensuring compliance with regulations.
• Stakeholder Collaboration: Work closely with internal teams to understand service requirements, provide guidance, and manage expectations for optimized resource allocation across business areas.
• Cost Optimization: Identify opportunities for cost savings and efficiency improvements without compromising service quality or timelines.
• Risk Management: Monitor supplier performance, address issues proactively, and ensure compliance with legal and contractual obligations.
• Market Research: Stay updated on industry trends, best practices, and supplier innovations to enhance procurement strategies.
• Develope measurement tools, dashboards, and reports to track metrics on adoption and effectiveness of initiatives.
• Restructure processes and tools for increased efficiency, improve business process flows and optimize productivity.

• Strategic Sourcing Excellence: Orchestrate successful RFQ, RFP, and RFI processes, ensuring optimal vendor selection for new and existing services
• Global Procurement Leadership: Spearhead sourcing, procurement, category management, and spend management for IT Consulting and Telecom Wireless categories across diverse global geographies
• India Procurement Lead: Manage and lead India procurement for Enterprise Services, HR, and Marketing categories, implementing effective procurement strategies and ensuring appropriate risk and compliance
• Spearheading end to end procurement: Conduct market benchmarking, select vendor and prepare comparisons for negotiating best cost to meet business expectation on quality and timelines within stipulated budget
• Contract Innovation: Develop SLA and KPI-driven contracts, elevating efficiency in vendor management
• Guided Vendor Relationship Owners (VROs) to establish appropriate SLAs/KPIs
• Legal Collaboration: Review and finalize contracts (MSA, Amendments, NDA) through collaboration with legal, risk, infosec, insurance, data privacy, and treasury teams
• Operational Excellence: Ensure meticulous SOW review, guaranteeing alignment with SLAs, deliverables, and payment milestones
• Conducted vendor Quarterly Business Reviews (QBRs) for performance assessment
• Data-Driven Strategy: Strategize data procurement based on future needs, negotiating and structuring deals for operational smoothness and long-term organizational goals
• Compliance and Optimization: Maintain Pre-contract Compliance database, ensuring adherence to guidelines and conducting thorough invoice research when needed
• Formulate and implement a robust vendor optimization strategy covering business requirements, cost reduction, and contract alignment along with managing tax and audit compliance
• Stakeholder Engagement: Lead interactions with multiple business owners, ensuring compliance with assessment procedures and policy cadence

Noteworthy Achievements in High-Value Assignments (2023):

• Strategic MSSP Oversight (China): Successfully spearheaded the Major RFP/RFI for Managed Security Services Provider (MSSP) in China, ensuring robust cybersecurity measures for the organization
• Optimized Employee Meal Services (India): Revolutionized employee well-being with a comprehensive RFP for Meal Services in India, ensuring optimal satisfaction and efficiency in the workplace
• India Office Build Out project: Led procurement efforts for the India office build-out project, successfully finalizing contracts with the general contractor and key suppliers for furniture, carpets, and other materials. Ensured cost-effective and quality-driven selections while meeting project timelines. Overcame logistical challenges to deliver a well-coordinated and compliant procurement process.
• Employee Transport and Office Security RFP: Managed the India employee transport and office security RFP processes, effectively sourcing reliable vendors and negotiating competitive contracts. Ensured seamless implementation of services, prioritizing employee safety, operational efficiency, and cost-effectiveness.
• APAC Wireless Services Leadership: Led the Wireless Services RFP for the Asia-Pacific region, strategically positioning the company for cutting-edge wireless solutions
• Global Cloud Voice Recording Services: Orchestrated a globally impactful RFP, securing state-of-the-art Cloud Voice Recording Services for enhanced communication capabilities worldwide
• Efficient Duplicate Invoice Management: Implemented advanced Duplicate Invoice Management Software, streamlining financial processes and ensuring accuracy in billing.
• Directed Talent Acquisition and Talent Development RFPs, successfully engaging vendors to deliver impactful recruitment solutions and training programs. Achieved cost-effective contracts while ensuring alignment with organizational goals and workforce needs.

• Verify the authenticity of activities mentioned in the invoice using BDS and VCS tools
• Calculate slot costs and port handling costs in Excel, ensuring proper accrual in Oracle
• Create and amend purchase orders in Oracle
• Update export and import databases for three carriers
• Prepare weekly and monthly KPI reports and MIS reports for all team members
• Check the quality of POs created by the team using MS Excel
• Create the monthly productivity report for the team
• Maintain contracts with different port vendors, compare and analyze cost variances based on estimated versus actual
• Track invoices using DMS to ensure alignment with purchase orders and timely payment to vendors
• Responsible for processing pre-information regarding estimation (purchasing) cost accruals
• Clear invoices charged by the agency according to the agreement