Senior Manager - Buyer Support

SBI Card Job Description Format Position Buyer Support Product / Function Sourcing Location Gurgaon Job Description Position Responsibilities Sourcing Strategy Develop both short- and long-term sourcing plans and manage annual spend of 500+ cr

across 2-3 functions

(Mainly IT & Infosec) Develop and manage data driven IT commodity strategies to attain YOY cost saving

Lead supplier development and sourcing activities in supplier selection and qualification for assigned products & services like Network Devices, IT Security, Telecom, Data Centre, Microsoft, Oracle, ServiceNow, etc

Continuously drive supplier productivity, quality, and services to improve supplier performance and meet business operation targets Gather information on the market trends and current market price points, create information repository & share the latest insights with the management, use the market benchmarks of other large organizations in order to improve current price points

Conduct periodic market benchmarks & comparison

Vendor Negotiation, Engagement, PO& Contract Management Obtain the necessary inputs from the user group; float request for RFP /RFQ , carry out commercial negotiation (manual / reverse auction) with suppliers, benchmark & evaluate supplier commercials internally and externally; Negotiate best price points via market intelligence and competitor analysis with the objective of meeting customer expectations on quality and timelines within stipulated budgets Carry out price correction if required, seek necessary internal approvals; close terms and conditions with vendors; engage with potential vendors at regular intervals in order to maximize value creation for the organization

Understand all invoice level tax structures to be able to evaluate TCO level costing for projects /initiatives

Contract management of 250 + active vendors count

Evaluate and negotiate contracts, renewal, addendum in accordance with company policy

Ensure release of Purchase orders (2000+) within agreed TAT

Audit compliance Ensure compliance and adherence to regulatory requirements such as CVC, DPE and GFR Responsible for audit compliance and ensure satisfactory rating in Internal Audit, CAG, RCSA Special Projects, Initiatives & Management Reporting Work effectively with stake holders on cross functions projects, provide sourcing support and ensure closure within agreed timelines

Partner with stakeholders to identify opportunities within the Organization for new initiatives, support Sourcing team to execute special & simplification projects based on stakeholder requirements to meet Quality standards & timelines

Gather information on the market trends and current market price points, create information repository & share the latest insights with the management, use the market benchmarks of other large organizations in order to improve current price points Identify and drive process digitization of sourcing process

Measures of Success(Define the Outcomes expected of the role) Saving Target: YOY delivery of saving (hard & soft saving) over defined P base Delivery of services: Measured as 95 % of on time delivery of RFP/RFI on time (schedule date /agreed date) PO and Contract compliance: ensuring PO and contract availability more than 95% Audit compliance : Ensure satisfactory rating in audits

Simplification/ Training: Identify and implement simplification projects Skill Sets required Negotiation expertise & Relationship Management Analytics, Oracle and ERP related projects understanding will be preferred Strong project/program management experience Team player Relevant Experience with respect to the role Graduation + MBA (Preferably

) Preferred Industry(If any) Minimum 8 to 10 years + of experience in sourcing/supply chain/manufacturing required Preferably from the service industry: Banks, NBFCs, Insurance, Telecom, Fintech