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Neha Tyagi

Sourcing Professional
Noida
"Unwavering Faith and Trust, Persevering with Unyielding Determination. Embrace the Journey, for there is no Retreat. Move Forward with Resilience, Recognize Your Worth, and Trust the Universe to Align."
Neha Tyagi
Neha Tyagi
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Overview

15

Results-driven and highly skilled professional with over 15 year

15
years of professional experience
7
years of post-secondary education

Summary

Dynamic and results-oriented professional ~ With commendable experience of 15 years’ in managing entire gamut of Strategic Sourcing/Procurement/Contracting/Supply Chain Management, seeking a challenging environment that encourages continuous learning, creativity & exposure to new ideas which stimulates personal and professional growth.


  • Expertise in leading SCM and Sourcing Projects that involves Price Negotiation, Cost saving, Spend Analysis, Global Suppliers Data management, Vendor Evaluation & Rating and Quality Management, reverse and forward logistics.
  • Proven track record of achieving targets in-lined with company goals and Objectives. Building and creating long-term and strategic sourcing relationships for various business service categories and led from the front for the execution of such strategies.
  • Significant experience in category management, cost/margin improvement, and supplier management. Have proven ability to establish policies, processes, and SOPs within the department and across organization level and establish better coordination between the teams across intra-departments levels.
  • Advanced Negotiator, effective communicator, a strong team leader and financial risk analyst.
  • Expertise at streamlining processes, identifying unprofitable functions, evaluating control procedures thereby facilitating effective and disciplined performance.
  • Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.
  • A skilled professional with a proven track record of achieving significant savings, establishing policies and processes, managing contracts and vendors, and leading teams.
  • Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy.
  • To seek and maintain full-time position that offers professional challenges utilizing interpersonal skills, excellent time management and problem-solving skills.

Skills

SAP MM Module, MS Office, Ariba etcundefined

Work History

Paytm Payments Bank Ltd
Noida

Assistant General Manager Procurement
06.2019 - Current

Job overview

  • Responsible for Strategic sourcing of various categories i.e., Banking Hardware and related technologies, Cards, SMS services, Corporate Insurances, BTL Branding and Merchandising, Administration, Human Resources, Logistics, Warehousing, CST Services and related technologies, KYC Services, Property Leasing and Facility Management contracts, Technology and Non-Technology Resource Contracts with annual spend of 200 Cr.
  • Identify and qualify new potential Partners, negotiate best total product cost and terms
  • Responsible for Complete Invoice Processing, Tracking and Payments System for Bank
  • Managing team size of 5 in current role
  • Major KRAs includes Stabilizing Policies, Processes and SOPs within department and across organization level, establishing better coordination between teams across intra-departments levels
  • Experience of working within Enterprise Risk Management framework model, with knowledge of 3LoD model
  • Structured governance for continuous review and monitoring of key relationships including measurement and reporting of supplier performance Metrix and SLAs
  • Providing subject matter expertise on supplier due diligence practices aligning with Third Party Risk Management (TPRM) framework for financial services
  • Presenting and publishing MIS and reports on organization level
  • New Vendor developments along with vendor performance evaluation for all categories
  • Negotiate and develop Supply and Services contracts including Techno commercial terms and compliances required for various contracts
  • Gained strong leadership skills by managing projects from start to finish.
  • Cultivated interpersonal skills by building positive relationships with others.
  • Used strong analytical and problem-solving skills to develop effective solutions for challenging situations
  • Developed strong communication and organizational skills through working on group projects
  • Paid attention to detail while completing assignments
  • Achieved savings of 16% in existing spend of 200 Cr
  • In Financial Year 2019-20
  • Achieved Savings of 13.45% in existing spend of 200 Cr
  • In Financial Year 2020-21
  • Achieved Saving of 12.64% in existing spend of 250 Cr
  • In Financial Year 2021-22.
  • Achieved Saving of 14.45% in existing spend of 250 Cr
    In Financial Year 2022-23.

Lava International Ltd
Noida

Deputy Manager -Indirect Purchase
04.2017 - 02.2019

Job overview

  • Responsible to build and create long-term and strategic sourcing relationships for various business service category like IFMS, BMS, MPS (Managed print services), Outsourcing of Allied Services, Immigration and VISA services, MICE, Events, Corporate Travel, PAN India Trainings, General product Insurance of Handsets, Employees Insurance, PAN India Turnkey projects for Civil & Interiors of various sites in India and Finalization of Consulting related to training, diversity and Professional legal services on global level.
  • Managed Spend of around 130 Cr For HR, Administration, Travel, and branding categories for Pan India Locations
  • Introduced new methods, practices, and systems to reduce turnaround time.
  • Evaluated suppliers to maintain cost controls and improve operations.
  • Performed statistical analyses to gather data for operational and forecast team needs.
  • Functioned as point of contact for project administrators and managers focused on timely and successful completion of full lifecycles of assigned projects.
  • Stayed up to date on changing product and service options to provide top-notch support to customers and employees.
  • Responsible to establish long term category, spend management strategies and leading from front for execution of such strategies
  • Lead a global enterprise organization within the scope of the strategic sourcing process to drive cost out of the divisions by managing the following: Commodity and negotiation strategies including Terms and Conditions & Supplier selection/de- selection
  • Responsible to maintain all contracts and evaluate performance according to contract and ensure efficient flow of all conditions in contract.

Grainger India Pvt. Ltd
Noida

Associate Sourcing Manager
04.2016 - 01.2017

Job overview

  • Identify and qualify new potential low-cost suppliers from India region
  • Negotiate best total product cost and terms
  • Execute new program launch to meet customer’s timeline
  • Support global strategies, methodologies, policies and processes, (i.e
  • Global sourcing strategies, supplier performance and cost management system, supplier database development)
  • Identify and execute opportunities for procurement cost reduction and better supplier performance, including transfer of indirect agent-based business to factory direct, alternative, sourcing, terms & contract re-negotiations based on various economic indicators & commodity price index etc., working in conjunction with appropriate functional areas as required
  • Category Management
  • Handling Abrasives, Welding & Lubrication categories globally
  • Managed yearly spend of $15 million in above product categories
  • Product development of Welding material & accessories, Abrasives & Power brushes
  • Cost/Margin Improvement
  • Completed savings of around $225K last year in Welding, Hand tools & Abrasives category
  • Improvements achieved by negotiations, minimize inventory cost by lowering MOQ’s and shifting of Manufacturing to low-cost countries.
  • Transfer of indirect/agent-based business to factory direct
  • Supply chain optimization by implementing TCO (Total cost of ownership)
  • Supplier Management : Managed suppliers in India and in South East Asia
  • Improved supplier shipment performance by formulating production plan based on capacity allocation
  • Drove average on-time shipment performance up from 67% to 92% for major suppliers in one year
  • Supplier score-carding, performance management and risk mitigation

Jindal Poly Films Ltd
Delhi

Assistant Purchase Manager
07.2012 - 12.2015

Job overview

  • Managed annual spend of 100 Cr. during tenure.
  • Independently handled Domestic (Indirect Material) Buying/Vendor development for Engineering maintenance spares i.e. Electrical, mechanical, automation, utility spares, Material handling items, Capex Items, Expansion Projects, Energy Audit, IT/ Telecom items.
  • Identify opportunities for operational excellence and Achieved Cost saving target of Rs 1.65 Cr In FY 14-15 by various professional tools i.e., Import Substitution, Annual rate contracts, New Vendor development, value Engineering and costing-based negotiations.
  • Handled Vendor Sourcing, Evaluation, Development, Management, Contracting and Negotiated with vendors to procure best prices and quickest service for equipment and supplies.
  • Monitored open purchase orders for on-time delivery and mitigated potential problems with carriers and logistics companies for timely resolution
  • handled record management and MIS on vendor performance and development analysis & rating on regular basis as per the ISO: 9001 Standards with complete data management.
  • Worked closely with suppliers for service level agreement compliance and effective logistics support
  • Managed monthly MIS reports comprising information related to debit balances, KRA review, Vendors related report and other monthly initiatives.
  • Managed Key Suppliers i.e., Siemens Ltd., Honeywell, Bruckner Seebach, Bekaert Filtration, Pilz India, SMC Pneumatics, Godrej & Boyce, Voltas Ltd.
  • Managed Procurement of CAPEX Equipment, Machinery, Electrical Switchgears & fabrication, Hardware, Automation, Mechanical, Instrumentation, Electronics, IT solutions required for project.
  • Facilitated continuous improvement programs to automate, delegate and eliminate tactical, non-value-added tasks

Muvtons, Castors
Noida

Assistant Purchase Manager
08.2011 - 06.2012

Job overview

  • Responsible for directing various plant purchasing functions.
  • Took independent decisions and organized all day-to-day office functions.
  • Check all contracts and orders for fulfilment and well performance.
  • Responsible for complete raw material (castings & forgings, sheet metal) and consumables procurement activities of the Purchase Department in the Company.
  • Performed monthly reconciliation of open purchasing orders
  • To negotiate with vendors for material, supplies, equipment & services and negotiating the best price and service guarantee.
  • To achieve cost reduction targets, Analyse market prices & trends, confers with current & prospective suppliers to determine supply capabilities, transportation, logistics inventory control and management and negotiation of prices & delivery items.
  • Solved diverse supply chain problems involving numerous sources, logistics, and scheduling factors
  • Conducted regular research to identify trends and cost saving opportunities
  • Monitored inventory levels and avoided shortages with timely replenishment of stock
  • Identified and targeted critical procurement issues, saving over 5 Cr. for the FY2012

Windlass Engineers & Services Pvt. Limited
Dehradun

Sr. Executive Purchase
04.2008 - 07.2011

Job overview

  • Responsible for Imports & Domestic Bought Out material, PLC Items, Machinery Consumables, Packing Material & Electrical items, Rubber items, Store Consumables and Maintenance material.
  • To develop new supply source on domestic as well as overseas level where vendors are inadequate and willing to travel vendor locations.
  • To coordinate with production for their purchase requirements and ensure continuous supply availability of quality material to factory for production.
  • To dealing with overseas clients and have good exposure in Imports too.
  • Knowledge of Export & Import transit Insurance procedures. Successfully conducted ISO & API audits for Purchase.
  • Monitored and analyzed sales records, trends, or economic conditions to anticipate consumer buying patterns.
  • Devised and implemented policies and procedures for purchasing and inventory control
  • Evaluated product quality and vendor performance to maintain quality standards.
  • Researched and identified new suppliers and vendors.
  • Sourced new vendors in effort to boost range of products offered in store locations while reducing costs through strategic contract negotiations.
  • Cultivated relationships with wholesalers and distributors to increase inventory availability.
  • Researched and identified new suppliers and vendors
  • Managed and maintained purchase orders and invoices

Education

Deakin University
Australia

MBA
06.2023 - Current

Sikkim Manipal University
Manipal

MBA from Operations
06.2009 - 07.2011

H.N.B. Garhwal University, U.A. Board
Dehradun

B.Com
06.2003 - 07.2006

U.A. Board
Dehradun

Higher Secondary
04.2001 - 05.2003

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