Rajeev Karmacharya
USA have cut down cycle-time for standard purchases by 50 %.”
Karmacharya ’ s team utilizes an end-to-end procurement solution where all of the contracts are in one contract management system . The key metadata is captured and stored . Contract authoring has been piloted and the company is looking to expand its contract authoring and contract analytics capabilities . “ Much of our contracting work happens electronically ,” he explains . “ Key contract meta-data is captured and we utilize e-signature for execution . We continue to be focused on ensuring data quality , capturing additional metadata , and some of the innovative things you can do with digitalization to drive efficiency .
We have full spend visibility that really enables us to do all the associated analytics . Catalog management and automatic deal approval with the full workflow is also built into the tool , which makes the process very efficient . Moreover , with the workflow built into the tool , it is easier for customers to see where things are – with increased transparency , procurement is becoming less of a black box .”
Karmacharya believes trusted relationships with suppliers are equally important to bring value to internal customers . The team has worked hard to build strategic partnerships with key suppliers . “ We believe suppliers can help bring innovation and best practices with the right
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EXECUTIVE PROFILE
Rajeev Karmacharya
Rajeev a is Managing Director of the Strategic Sourcing and Category Management group in Fannie Mae . Rajeev leads a team of category management , strategic sourcing , contracting , and supplier operations professionals . In addition , Karmacharya currently serves in the Advisory Board of the Sourcing Interest Group , a global industry forum for Sourcing professionals .
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