FANNIE MAE

18 the priorities and perspectives could sometimes be different between the two groups ,” he explains .

Fannie Mae is a U . S . governmentsponsored enterprise ( GSE ) that supplies financing to mortgage lenders . Fannie Mae celebrated its 80th birthday in 2018 . Karmacharya joined the company in 2013 and has been working on transforming the procurement space through a more business-facing function rather than a traditionally administrative process . “ When I joined Fannie Mae , we didn ’ t have a category management type of function here and what I found talking to senior executives across the company was that they didn ’ t see value in procurement that does just transactional work . Obviously , there are trade-offs with minimizing cost , minimizing risk and speed of delivery . This interesting dynamic gave me a perspective on how you should really design a procurement organization . How can a group be really effective ?”

Fannie Mae was keen to recruit procurement experts that could supply

JANUARY 2019