Karishma Lakhani

About Karishma Lakhani

Strategic Sourcing and Procurement professional with over a decade of expertise in driving cost optimization, supplier management, and global procurement strategies. I specialize in aligning procurement initiatives with organizational goals, delivering impactful results through innovative solutions, data-driven insights, and collaborative leadership.In my current role at Synchrony Financial, I lead procurement strategies that optimize costs, mitigate risks, and streamline supplier relationships across IT and Non-IT categories. I have successfully achieved significant cost savings and enhanced vendor oversight through comprehensive labor strategies and strategic contract negotiations.Previously, at Accenture and Boston Consulting Group, I managed diverse sourcing initiatives across marketing, IT, and operations categories, implementing global e-sourcing platforms and leveraging analytical tools like Coupa and Jaggaer to deliver actionable insights. My efforts have consistently driven operational efficiencies and long-term category value creation.Proficient in category management, supplier relationship development, and risk mitigation, I bring a strong understanding of ERP systems, spend analysis, and compliance. With an MBA in Marketing and Finance, I combine technical expertise with strategic vision to deliver results that empower businesses to thrive.Let’s connect to explore how strategic sourcing and innovative procurement practices can unlock value and drive sustainable growth for your organization.

Experience

1. Sourcing Commodity Leader

   Synchrony

   Dec 2022 — Present · Gurgaon, IN

   Developed and executed comprehensive supplier strategies, driving standardization and rationalization across IT and Non-IT labor categories.• Achieved significant cost savings through strategic contract negotiations, consolidating supplier relationships to streamline procurement processes.• Led the creation of a labor strategy aimed at enhancing supplier oversight, optimizing costs, and mitigating operational risks.• Collaborated cross-functionally to align procurement activities with organizational objectives, ensuring consistent achievement of cost-reduction goals.

Education

• University of Rajasthan

  Bachelor of Commerce , Economics, Business Studies, Accounting

• Institute Of Rural Management Jaipur

  Master of Business Administration (MBA), Marketing and Finance

Skills

• Performance Management
• Six Sigma
• Business Analysis
• Mis
• Management
• Vendor Management
• Financial Analysis
• Banking
• Risk Management
• Team Management
• Finance, Supply Chain Management , Procurement
• Process Improvement