Rita Shetty Email & Phone Number

Karnataka, India

Bengaluru Area, India

During my tenure with the company .Rolled out an RFX for supplier selection, formed and implemented a score card and conducted audits generating a recovery of $6M. and was Instrumental in managing the end-to-end Procure-to-Pay process while ensuring quality & cost effectiveness.✔ Expert in creating competitive environments, creatively negotiate, generate contracts to assure seamless availability of all products to support the company objectives✔Negotiating for best possible cost service guarantee and developing “win-win” strategies for sustainable suppliers’ relationships; evaluating supplier core competencies and competitive positioning using industry cost models✔Demonstrated excellence in managing large teams towards achieving organizational goals; good interpersonal skills as well as ability to manage multiple priorities in fast-paced environments✔Develop, negotiate business terms (including project requirements, price, and SLAs), administer and manage sourcing engagements with low to medium complexity and risk within the Professional Services Category.✔Proactively support business partners in filling needs with outside consulting services Suppliers.✔Maintaining PSL Database to help Business to cut down on non-value-added time and to add more savings as well as maintaining the Due diligent running a European vendor IT data security process by classifying supplier with the Risk factors based on the criticality of the business data that they access.✔Work with suppliers and internal business unit personnel to identify research and resolve Procurement related issues and to develop corrective action programs and monitor progress and identify opportunities for improvement and growth, Conducing QBR’s with suppliers to review performance metrics, revise priorities and examine industry trends.

Hyderabad Area, India

Successfully generated $90M impact i.e.,11.25% deflation as per the spend of 800M and deftly increased e-auction penetration by 12%Some of my attainments include:✔ Played a key role in ensuring that all projects are delivered on-time, within scope and within budget. Collaborated with the internal resources and vendors for the flawless execution of projects.✔ Exceptional contributions in maintaining preferred supplier list to support business to cutting down on non-value-added time and to add more savings and maintaining the due diligent functioning of a European vendor IT data security process by classifying supplier as per risk factors based on the criticality of the business data that they access.✔ Successfully negotiated with the suppliers for accomplishing productivity savings and working capital augmentation targets determined by the businesses by implementation e-auctions for direct and indirect commodities.✔ Directed Procure-to-Pay Vendor Management of 30+ FTEs, 3 Team Leads, 17 Process Specialists & 10 Process Associates.✔ Efficiently managed vendor and bank setup/maintenance, spend analysis, out bound calling of suppliers, invoice processing & hold analysis for >45 GE businesses on the Procure to Pay Oracle 11i purchasing platform generating a revenue of $1M PA, also maintained PPI (Process Proficiency Index) & PVI (Process Vitality Index) of the team✔ Provide regular reports regarding cost compliance and supplier performance and identifies opportunities for improvement.✔ Conducing QBR’s with suppliers to review performance metrics, revise priorities and examine industry trends.