Sumanth Racherla

About Sumanth Racherla

With over 7 years of expertise in direct and indirect procurement, I have successfully managed diverse categories, including rubber, foam, plastics, badges, MRO, and IT, delivering measurable results and driving business efficiency. My ability to combine strategic sourcing with advanced cost management techniques has consistently delivered significant value to organizations.Key Skills & Expertise Market Intelligence: Leveraged insights to negotiate supplier pricing, resulting in 15% cost savings across key categories. Spend Analysis: Conducted detailed reviews to uncover savings opportunities, achieving 10%-20% reductions in procurement spend. Contract Management: Negotiated and managed contracts covering 95% of procurement spend, ensuring compliance and favorable terms. Strategic Sourcing: Optimized sourcing strategies, achieving up to 20% cost improvements while maintaining quality and delivery standards. Supplier Risk & Distress Management: Mitigated supplier risks, reducing potential disruptions by 30% through proactive assessments and contingency plans. Supplier Negotiation & Vendor Management: Strengthened supplier relationships, improving performance metrics by 25% and reducing lead times by 15%. Cost Optimization: Delivered cumulative savings exceeding £2 million through cost reduction, avoidance, and value engineering strategies.Direct & Indirect Procurement Impact Direct Procurement:Achieved 12%-15% cost reductions in sourcing rubber, foam, and plastics through supplier consolidation and competitive negotiations.Improved supplier delivery compliance to 98%, reducing operational disruptions. Indirect Procurement:Secured annual savings in MRO procurement while reducing the supplier base by 20% for enhanced efficiency.Negotiated IT contracts, delivering 10% cost avoidance and improving payment terms to align with cash flow goals.Achievements & ContributionsReduced total cost of ownership (TCO) across categories using advanced cost modeling frameworks.Successfully implemented supplier distress management processes, ensuring uninterrupted supply chains during critical periods.Enhanced procurement process efficiency by streamlining workflows, leading to a 25% improvement in cycle times.I am committed to transforming procurement into a strategic function that drives business excellence. By leveraging data analytics, market intelligence, and innovative sourcing practices, I aim to deliver sustainable cost savings, mitigate risks, and create long-term value.

Experience

1. Senior Sourcing Buyer

   Deloitte

   Dec 2025 — Present · Hyderabad, IN

Education

• London South Bank University

  Master of Engineering - MEng, Data Processing and Data Processing Technology/Technician

• KG Reddy College of Engineering and Technology

  Bachelor in Technology (B.Tech.), Computer Science

• Narayana Junior College - India

  Intermediate Board, Mathematics

Skills

• Research
• Core Java
• Teamwork
• Web Design
• Microsoft Excel
• Powerpoint
• Excel Dashboards
• Microsoft Office
• Customer Service
• Source to Pay
• Html 5
• Procurement
• Html