Arslan Waheed Butt

Responsible for collaborating with over 65 vendors for quarterly and bi-annual price updates and managed the budget of $1.5 million annually of Buying Flexibles and rigid Packing Material of MENA Region

Support and implemented SAP Material Management (F6P& F5P)

Initiated a cost saving logistics project with P&G supplier in Germany for 5% cost reduction

Comprehend cost drivers project ( EZ Pricing) of competitive benchmarking to improve value delivery to the organization

Delivered annual targets for Cost & Cash, complexity and innovation projects- Value Improvement Plans, Payment Term Extensions, Inflation reductions, complexity reduction

Worked closely with the R&D teams to drive big global projects and to get new materials/supplier on board

Managed Blocked Invoices of all the suppliers and responsible for releasing invoices after completion of thorough analysis on justified reason for blocked invoices

Made monthly forecasting and managed inflation mitigation for Contact Flexibles materials for the cluster countries

Influence stake holders (Procurement Operations team, Planning team, R&D packaging team) on the strategy and executes the strategy with speed

Follow up with the vendors and ensuring availability of ordered materials as per agreed timelines communicated to Planning and Plant teams

Created PO’s in the system

Interacted with A/P team to release the payment of the vendors as per supply terms

Managed all procurement files to ensure they meet all certifications required by the government and all customers

Proactively identify new processes to improve business performance and efficiencies on assigned projects and wider business

Maintained comprehensive repository for all project documentation, plans and reports

Responsible for sharing prices to Planning and Plant team as and when requested

Managed Blocked Invoices of all the suppliers and responsible for releasing invoices after completion of thorough analysis on justified reason for blocked invoices

Report and escalated issues to line manager as and when required

Inventory Management of stock in whole store

Effectively communicate, contributed and consult senior managers and top level management of various Vendors via developing a strong personal collaboration

Provided support to the Planning team and Purchasing Manager by supporting in the preparation of purchase orders

Responsible for End to End Procurement to Payment Cycle

Responsible of all the purchasing office items of AP market

Evaluation of claims/requests for contract variations & maintaining follow-up until closeout of the contracting period

Interacted with A/P team to release the payments to the vendors as per supply terms

Developed and maintained Price Mechanisms with main suppliers

Review, updates, and maintained purchase orders until they are closed

Team leader for carrying out test of internal controls on business processes and substantive testing of various transactions

Developed procedures to foresee and assess risks associated with the asset in terms of maintenance cost, parts availability, obsoleteness and redundancy, and to initiate the upgrading process

Raised Awareness and communication of risks to those charged with governance through meetings, formal management letters and presentations

Identification of key business and financial risks through use of tools such as SWOT analysis and Critical Success Factor / Key Performance Indicator reviews

Consideration of Fraud risks and mitigating entity level controls

Carried out review for improvement of existing practices and giving presentations to the senior management

Prepared detailed analytical reviews, ratio analysis and budget comparison

Analyzed the variances of actual operations with budgeted for ensuring proper and timely action
Assessed internal controls of various entities to identify system deficiencies and recommended the adoption of best practices to the senior management

Actively engaged in the preparation of planning and strategy documents for audit and other engagements

Analysis of financial risks with emphasis on liquidity, profitability, investor ratios and going concern issue

Maintained a thorough understanding of the financial reporting and general ledger structure
Responsible for End to End Procurement to Payment Cycle

Maintained the timely reporting of all monthly financial information

Ensured the accurate and timely processing of positive pay transactions

Managed the monthly and quarterly Bank

Compliance activities are performed in a timely and accurate manner

Supported budget and forecasting activities

Ensured an accurate and timely monthly, quarterly and year end close