Deepak Khosla is a highly progressive and accomplished Procurement Manager at Cadence Design Systems, a leading US-based electronics design automation (EDA) company located in Noida, India. With extensive domestic and international sourcing experience, Deepak plays a pivotal role in shaping the procurement strategy for the...
Deepak Khosla is a highly progressive and accomplished Procurement Manager at Cadence Design Systems, a leading US-based electronics design automation (EDA) company located in Noida, India. With extensive domestic and international sourcing experience, Deepak plays a pivotal role in shaping the procurement strategy for the organization. His expertise lies in direct and managing strategic sourcing for various commodities and services, where he sets ambitious annual cost reduction targets and goals. With an annual IT commodity spend of $4 million, Deepak conducts thorough market analyses to develop innovative commodity strategies that effectively reduce costs while maintaining high-quality standards.
In his current role, Deepak is not only focused on optimizing procurement processes but also on building strong relationships with vendors and stakeholders. He understands the critical importance of communication in fostering a culture of procurement awareness and buy-in across the organization. By articulating the value-add of a robust procurement function, he ensures that all team members recognize the strategic impact of sourcing decisions on the overall business objectives.
Deepak's skill set encompasses vendor management, project management, and contract negotiation, allowing him to navigate complex supply chain dynamics with ease. His commitment to performance management and outsourcing strategies further enhances Cadence's operational efficiency. As he continues to drive procurement excellence, Deepak Khosla remains a key influencer in the organization's mission to innovate and lead in the EDA industry, ensuring that procurement is not just a function but a strategic partner in achieving business success.
