madan singh madan singh

Work Experience

Total years of experience :21 years, 10 Months

Manager Procurement at Degremont Ltd French MNC

India - Delhi
My current job since June 2006

 Setting up the weekly, monthly, quarterly procurement plan.
 Procurement of Mechanical, Electrical, Instruments, Civil items from national market.
 Development of alternative local sources for imported project items which helps in cost saving.
 Planning and budgeting of purchase functions, involving cost estimation, contract negotiations.
 Inviting and allotting tenders.
 Liaison with the production department to maintain optimum inventory.
 Implementing systems to avoid situations like over-stocking or out-of-stock which cause production and financial losses.
 Liaison with finance department for timely payment of bills.
 Developing reports on procurement and usage of material for top management.
 Ensuring appropriate procurement of all production, construction and maintenance materials, including 2 years spare parts and client material.
 Directing the Development and implementation of key procurement Strategies / contingency plans and ensuring that strategies and plans are aligned with organizational objectives.
 Sourcing and rate negotiation of material locally with proper incomer's, delivery time and quality.
 Preparing & managing logistics & transport budgets, monitoring expenditure and implementing remedial measures where appropriate.
 Negotiation with free zones and local authority.
 Ensuring appropriate procurement of all project, construction and maintenance materials, including 2 years spare parts and client material.
 Directing the Development and implementation of key procurement Strategies / contingency plans and ensuring that strategies and plans are aligned with organizational objectives.
Supplier Management:
 Managing all Supply Chain functions including Inventory Management, Store Management, Vendor Development, Logistics, etc.
 Ensuring uninterrupted supply of assigned products and negotiating contracts for supply of products.
 Coordinating with suppliers for materials, suppliers, transportation, and distribution data & Track orders.
 Performing audit on Periodic Cycle counting and adjusting discrepancy of RMS/WIP Stocks and analyzing the discrepancy as well as taking corrective measures to improve them.
 Working with business leaders who have identified a business need or requirement to identify, source, contract, and procure the needed good or service from qualified suppliers.
 Managing supplier performance (monthly, quarterly, half yearly, annual).
 Implementing technologies, processes, policies, and procedures to support the purchasing process (Supplier Relationship Management).
 The supplier relationship management process: a process for providing the structure for how relationships with suppliers will be developed and maintained.
 Effective Management of Vendor Database

Vendor Development:

 Effective management of vendor database.
 ABC classification of vendors on the basis of criteria like cost, quality, timely delivery etc.
 Development of new vendors.
 Conducting trainings for vendors to educate them about company’s requirements and help them in improving their performance.
 Evaluating vendors & negotiating the price, delivery schedule and terms and conditions with them.
 Timely clearance of payments & handling vendor inquiries.
 Running programs to evaluate vendors based on the feedback from internal stake holders.
 Developing reports on various programs run for vendor development for top management.
Contracts Management:
 A partnership agreement may be a contract which formally establishes the terms of a partnership between two legal entities such that they regard each other as partners' in a commercial arrangement.
 Analyzing contracts for effectiveness, identifying areas of weakness and implementing improvements to increase margins
 Assisting in tender agreements, providing quality information pertaining to bids.

senior executive - supply chain at degremont ltd french mnc

India - Delhi
My current job since June 2002

Finance & Accounts Management
 Preparation of statutory returns, obtaining relevant forms, etc.
 Compilation of cash Forecast.
 Total Account Management Including Debtors And Creditors
 Verification of W.O. Related Documents e.g., Orders, Cash, Receipts, Invoices, Vendor Ledgers, etc.
 Handling Daily Expenses from Company & Sites.
 Deduction of TDS and proper co-ordinate with sub contractors.
 Bank Reconciliation.
 Co-ordinate with clients for reconciliation of accounts. Verifying Reconciliation statements
for Vendors etc.
 Maintaining of Service Tax & Vat Returns- Delhi.
 Prepare Form ‘C’ consumption report.
 Maintaining of Sales Book’s & Purchase Books.
 Company Act, & As per Income Tax for Fixed Assets.
 Prepare quarterly Project Balance Sheet & P& L, Fixed Assets as per Company & as per Company Act. For Bank OD A/c
 Prepare MIS Report
 Preparation of monthly profitability (Budgeted Vs Actual) Site wise Profitability, Site Activity report etc.