Raunak Talwar
Hyderabad
Summary
Strategic Sourcing Manager with a strong track record at Carelon Global Services, specializing in cost reduction and stakeholder engagement. Proven expertise in contract negotiation and supplier management, consistently achieving favorable agreements while driving operational efficiency. Notable for developing innovative category strategies that enhance financial performance.
Overview
12
12
years of professional experience
Work History
Strategic Sourcing Manager
Carelon Global Services(Elevance Health)
Hyderabad
06.2022 - Current
- Functioned as strategic sourcing lead within one of the world's largest publicly traded companies.
- Implemented strategies to reduce costs for Clinical Services' direct commodities.
- Identified and developed sourcing strategies using Spend Analytics.
- Utilized Market Intelligence to formulate effective category strategies.
- Working closely with stakeholders to identify opportunities and to resolve pain areas of Business with key stakeholders
- Secured favorable agreements on pricing and commercial conditions from vendors.
- Examined contract expiry reports for strategic decision-making and timely renewal.
Strategic Sourcing Manager
Genpact India Private Limited
Hyderabad
10.2017 - 06.2022
- Performing strategic sourcing for one of the world's largest listed companies.
- Implemented effective cost management practices to enhance financial performance within Indirect Procurement sectors such as Professional and IT services.
- Offer expertise in sharing insights with specialist teams.
- Managed and solved operational problems for clients, leading to an improved net promoter score.
Supplier & Customer Relationship Manager
Dhanalaxmi Housing Investments & Chits Pvt Ltd
Hyderabad
05.2013 - 05.2015
- Spearheaded initiation processes of upcoming funds.
- Conceive marketing strategies.
- Direct procurement of construction materials.
Education
MBA - Finance
Icfai Business School
Hyderabad, India.02.2017
Skills
- RFx Management
- Contract negotiation
- Supplier management
- Contract Compliance Management
- Strategic Sourcing
- Stakeholder Engagement
- Developing Cost Models
- Category strategy
- Negotiation expertise
- Category management
- Negotiation strategies
- Global sourcing strategies
- Cost reduction strategies
- Business acumen
Accomplishments
- Fastest professional developments throughout my career at Genpact and Carelon.
- Identified as a high potential employee, collaborating with Procurement Director level employee to work on multi-million $ new and existing strategy projects.
- Delivered a total of $20M plus savings and helped achieve the savings target by contributing 40% of the team target.
- Awarded best project under Nutrition for successfully negotiating Medicare deal for a spend of $66M and delivering $17M savings.
Languages
English, Hindi & Telugu.
Computer Skills
- Source-to-Contract Management on Emptoris
- Contract Management on Ariba
- Globality
- Tableau
- MS-Office
- Service Now
- Icertis
Timeline
Strategic Sourcing Manager
Carelon Global Services(Elevance Health)
06.2022 - Current
Strategic Sourcing Manager
Genpact India Private Limited
10.2017 - 06.2022
Supplier & Customer Relationship Manager
Dhanalaxmi Housing Investments & Chits Pvt Ltd
05.2013 - 05.2015
MBA - Finance
Icfai Business School
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