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Cognitud - Indirect Strategic Sourcing Manager

COGNITUD ADVISORY SERVICES PRIVATE LIMITED.5 - 7 Years.Bangalore
Posted 1 month ago
Posted 1 month ago

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Strategic Sourcing:

- Develop and implement a comprehensive sourcing strategy for professional services category, including contingent workforce, temporary staff, outsourced contractors, freelancers, and consultants.

- Collaborate with internal stakeholders to understand their workforce needs, skill requirements, and project timelines.

- Identify and establish relationships with preferred staffing agencies, service providers, and online platforms for contingent talent acquisition.

- Negotiate terms, pricing, and contracts with professional services and staffing partners to ensure favorable rates and terms.

Vendor Management:

- Monitor and evaluate the performance of professional services suppliers, staffing agencies and other contingent workforce suppliers.

- Establish key performance indicators (KPIs) to measure supplier performance, including quality of talent, responsiveness, compliance, and cost-effectiveness.

- Conduct regular vendor reviews and provide feedback to improve service quality and address any issues.

Compliance and Risk Management:

- Ensure compliance with relevant labor laws, regulations, and company policies for contingent workforce management.

- Mitigate risks associated with misclassification of workers, co-employment, and other legal and regulatory concerns.

- Collaborate with legal and HR departments to develop and maintain proper documentation and contracts for contingent workers.

Demand Forecasting and Planning:

- Work closely with department managers and project leads to understand short-term and long-term workforce needs.

- Develop accurate demand forecasts for contingent labor across different functions and projects.

- Align workforce planning strategies with business objectives and project timelines.

Cost Management:

- Analyze and manage the overall costs associated with contingent workforce utilization.

- Implement cost-saving initiatives, such as rate negotiations, volume discounts, and process efficiencies.

- Monitor and report on budget adherence, providing insights and recommendations for cost optimization.

Technology and Automation:

- Stay current with technology trends and solutions related to contingent workforce management.

- Evaluate and implement technology platforms and tools that streamline the sourcing, onboarding, time tracking, and payment processes for contingent workers

Skills:

- Ability to work well in a high-pace dynamic environment, handle multiple projects simultaneously, and ensure task completion and deadlines are met as required

- Demonstrated skills in negotiating and formulating technology contracts, understanding cost models and various price structures, management of contractual, IP and labor law risks

- Strong project management, organizational, and analytical skills required

- Excellent team facilitation and presentation skills

- Proficient with Microsoft Office applications: Excel, Word, PowerPoint

Education:

- Bachelors degree with 5+ yrs of experience in indirect strategic sourcing with a multi-national organization with an emphasis in management of temporary, contract, and freelance personnel procurement

- MBA preferred

- Contract Negotiation / Vendor Mgmt/ Influencing skills required

- Experience and expertise with sourcing & contracting ERP tools (SAP and/or Oracle)

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