Prasanth Kumar
Strategic Sourcing2Contract, Procure2Pay, TPRM, Supplier Sustainability Management, Bid management, RFx management, Vendor management, Stake holders management. Contracts management, Category management & Spend managemt
- Role
- Assistant Manager at Genpact
- Location
- Hyderabad, TG, IN
- LinkedIn followers
- 500 followers
About Prasanth Kumar
Good experience in Strategic sourcing, Procurement2Pay, Contracts Management…
Experience
Assistant Manager
Oct 2017 — Present · Hyderabad, IN
Sourcing2Pay:Accomplished signicant and sustained savings and improved cash-ow though longer payment terms and reduced supplier lead-times; brought additional savings by accelerating synergies following negotiation on Contract related Terms and Conditions.Achieved savings of $381K out of total spend of $460M.Working on RFx, Sourcing & Vendor Risk Review management for all Strategic sourcing requirements. Reviewing T & Cs,(Vendor Red Liners) by coordinating with business stake holders, legal team and vendor legal team and make sure buying team is adhere to the same T & Cs and Payment terms. Management of client critical obligations under its contracts with vendors.Finding out contract leakages and prepare and execute CAPA to stream line the sourcing and procurement process.Preparing new contracts, amend and addend the existing contracts.Working on Legal dispensation and Legal breach procurement.Stream lining the vendors after preparing and reviewing Spend analysis and also fixing the procurement and payment issues.Supervising entry-to-mid level roles in planning and implementing purchasing programs, ensuring timely completion, quality, and compliance in supply chain.Identifying negotiation opportunities and customizing.TPRM:r managing the third party risk throughout the life cycle (Planning, due diligence and Third party selection, Third party engagement implementation, Monitoring the third party risk & performance and disengagement of third party) for risk and compliance LOB.gement Manager to initiate the engagements in Archer.prove the Engagement profile and IRP ( Inherent Risk Profiles). ith SME’s to complete the required assessments.ith Supply Chain negotiators to complete the contract negotiations and signat desk team to create the PO and send it to vendor and ensure all payments are made by PO’snd monthly and ensure all payments should go with PO ( No Po No Pay ). eetings with Engagement Managers to create the awareness of TPRM Policy and procedures.
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