Summary
Work History
Education
Skills
Accomplishments
Timeline
Generic

Priyanka Thakeriya

Summary

An astute professional with 9 years of experience in: Supplier Relationship Management Sourcing / Contract Management Stakeholder Management RFX Management Cost Reduction Initiatives Category Management Accounts Payable Currently associated with JPMorgan Services India Pvt Ltd., Bangalore as Associate Sourcing Manager. Managing activities like strategic sourcing, contract negotiation, category management and vendor management. Experience in implementing cost saving measures to achieve best overall result for the organization. Proficient in formulating the sourcing plans/strategies, vendor coordination and enhancement with focus on strengthening effectiveness. Expertise in managing the operations of processing PO Invoices. Hands-on experience in overseeing overall functions of materials management entailing vendor development, sourcing, procurement, etc. Skilled in working on Synertrade and Ariba for RFP/RFQ/RFI. An effective communicator with good coordination, negotiation and analytical skills. A disciplined and work focused Sourcing professional with 9+ years of experience in developing Procurement Strategies, Category Sourcing & Contract Management. Have extensive knowledge of procurement principles, practices, and procedures. Also, managed Account Payable process.

Work History

Associate Sourcing Manager

JPMorgan Services India Pvt Ltd
12.2015
  • Key Result Areas:
  • Spearheading the following responsibilities: o Supplier management: Includes supplier consolidation and identification of opportunities to maximize leverage
  • O Contract management: Involves creation, amendment, negotiation, execution of software license/services agreements and ensuring compliance with policies o Client Delight: Reduce procurement lead time for purchase of software and services
  • Engage clients and forecastneeds o Performing Source Selection & Bench Mark/fair value analysis to ensure JPMC is receiving competitive pricing for the services o Addressing stakeholder issues and executing sourcing strategies as set out by the respective sourcing councils o Gathering necessary review and approval for negotiated T & C’s from JPMC Management, business and legal team o Assuring that transactions are processed within agreed time frame (TAT)
  • Educating business on procurement process, understanding their requirements and providing services for delivering business goals
  • Coordination with cross category leads for facilitation of strategy of strategy implementation
  • Skilled in establishing the global relationships with key suppliers; re-negotiated the global contracts for Audio and Video
  • Conferencing with savings on a project

Education

Bachelor of Technology - Electronics & Communication

ABES College

Intermediate - undefined

CBSE board, CBSE

Skills

Successfully negotiated and won the several awards to achieve saving of millions for APAC Data Circuits RFP of spend30MMSuccessfully implemented the Process Improvement initiative in the sourcing by implementing PO expressCapable of leading sourcing initiatives in spend management with a plan to reduce costs; optimizing sourcing regionally and locallyWhile building talent and capabilitiesPossess expertise in steering capital expenditures (CAPEX) and professional services entailing preparation of strategies, riskAssessments, governance guidelines and policies, tendering, contract preparation, procurement management and planning, benefitSavings, bid evaluations, supplier negotiations and vendor selection and approvalsWon three Awards (Xena, Pinnacle & Team Excellence) in JPMC for excelling the BAU and working on Process Initiative usingThe DMAIC approach in Sourcing, Team Collaboration and designing of the Auction Service Dashboard with Auction teamWon annual Impact Award for successive two years for leading the initiatives in Corporate Social Responsibility GroupAnd owning the NGO initiative Collect a Wish at the central levelOct’14 to Dec’15 GEP Solutions, Mumbai Procurement ProfessionalKey Result AreasAssisting the Program Manager and driving independently E-sourcing spend identification, running of sourcing projects, dataAnalysis, managing buyersDeveloping and refreshing supply market analysis for key categoriesRunning, tracking and implementing cost saving projects for the clientHandling the activities of competitive bid events (RFP, RFQ & RFI) as per client requirementsDeveloping Reports on ARIBAApproval of purchase request and creation of events in the AribaVendor management of all vendors for buyers, delivering training to suppliers on ARIBA Tool and running the auctions based on theCommodityDemonstrated ability to control costs through the most effective uses of available resourcesDetermine appropriate end-to-end processes and tools needed to achieve development, delivery, reliability & availability goalsOct’13 to Oct’14 Genpact LL, Gurgaon Process DeveloperCreation of purchase requisitions, purchase ordersResponsible for resolving invoicing/supplier issues through email and callsReviewed PR assign to buyer and approving purchase requisitions ensuring all procurement processes are inCompliance with company regulations and procurement policyCoordinated with suppliers and sent requests to them for RFQ & RFI for IT Equipments and Janitorial products for USPrice negotiation with suppliersPrepare / update standard operating procedures (SOP) and other required delivery documentsHighlightsWon Process Efficiency Award in for doing excellent job in Customer Delight through Quality Service DeliverySept’12 to Oct’13 Consus Consulting Group-Ariba Business AnalystAccountable for managing the client along with the Consultant and performing the following activitiesImproved supply chain by maintaining a vendor management information repository in Ariba to enable the ability toResearch, interrogate, analyse trend, create reports and support a comprehensive KPI DashboardHandling the activities of analyzing spend, suppliers consolidation region wise/spend, providing the competitive pricingTo the clientsAnalyzing spend by each supplier in respect of category and business unitBuying patterns by product, service, supplier, and business unitAnalyzing pricing patterns, both past and forecasted, and also purchase price analysisAnalysing historical performance of suppliers, historical market trends and associated cost drivers, value chainAnalysisIdentifying and addressing dominant players in the supplyDemonstrated excellence by successfully renewing the client U-Flex and delivering significant savings to other multiple clientsIT SKILLSWell versed withMS Office, Tableau and Internet Applications

Accomplishments

  • CORE COMPETENCIES
  • Overseeing budgeting for Global Sourcing of Software, Telecom & Networking category and services ensuring optimum utilization, maximum cost savings & meeting anticipatory orders
  • Developing & implementing key strategies for the purchase of data circuits, peripherals, software and services from global sources and achieving cost reduction in procurement
  • Handling the operations of soliciting bids & quotations, reviewing and negotiating contracts
  • Managing the bidding process from floating of bids to awarding of business and coordinating with bidders with regard to negotiations
  • Identifying & developing potential vendors for achieving cost-effectiveness and assessing performance of the vendors based on their competitiveness, financial capabilities & deliverables
  • Interfacing with cross-functional departments for ascertaining procurement plans of materials/services
  • Leadership: Driving the organizational mission through team support and active engagement of employees in organization
  • Strategic Contributor: Directing business in new growth areas by motivating people to perform beyond their past demonstrated skills / levels
  • Management: Overseeing business operations of the organization, implementing plans

Timeline

Associate Sourcing Manager

JPMorgan Services India Pvt Ltd
12.2015

Bachelor of Technology - Electronics & Communication

ABES College

Intermediate - undefined

CBSE board, CBSE
Priyanka Thakeriya