Procurement Specialist
JAZEERA FACTORY FOR PAINTS
Total years of experience :10 years, 8 Months
Procurement
Key Result Areas:
• Responsible for raising purchase orders for Binders, Additives, and Emulsion Raw materials.
• Raising PO’s basis the monthly Forecast and weekly revised Forecast provided by planning for Raw materials.
• Checking for Group wise alternate materials for pricing and availability of materials.
• Buying cheaper conditionally alternate materials in the group and maintaining the Safety stock levels.
• Scheduling of consignments as per the weekly requirement and as per the storage facility available in the Warehouse and Storage tanks.
• 100% compliance for Ontime delivery of material as per the schedule plan in purchase orders.
• Creating Purchase Requisitions, RFQs as per the requirement in the Company manuals.
• Negotiation savings tracker.
• Open Purchase orders monitoring and follow up with vendors for on time deliveries.
• Monitoring the inventory available and generating monthly inventory report to be presented to the Management.
• Developing and maintaining optimum inventory levels to ensure on-time, 100% delivery rating.
• Responsible for value reduction in plant Non Performing Inventory.
Distribution planning
• Purchase and dispatch of Thinners, colorants and Tools for distribution centers.
• Monitoring of Slow moving stocks and planning for dispatches across other plants.
• Catagorization of materials into Fast, slow and Non moving materials available in Distribution centers.
• Analyze, Plan and execute the Monthly Forecast of sales and plan the buying stratagies.
• Responsible for maintaining 12 Distribution centers in Country with optimum level of inventory.
• Co ordinating with Logistics team for fleet management across DCs.
• Defining minimum stocks to be maintained for the Fast moving materials.
• Implementing key strategies for the purchase of materials from sources; achieving cost reduction in procurement, receiving quotation, negotiation.
• Identifying new vendors and developing the existing vendor network to procure materials at cost saving prices.
• Creating Purchase Requisitions, RFP, RFQ, STO and GR for inward materials.
• Creating Purchase orders.
• Monitoring the inventory available and generating monthly inventory report to be presented to the Management.
• Ensuring the controls, inventory levels and flow of materials are consistent with forecasts for fortnights.
• Developing and maintaining optimum inventory levels to ensure on-time, 100% delivery rating.
• Vendor performance analysis.
• Tanked RM variance report generation, preparing analysis.
• FSN concept implementation.
• Responsible for value reduction in maintaining inventory.
• New vendor delepment Introduction.
• RM and PM Dispatches to plant linked processing centers.
• Scrutinizing of the quotations to expose possible frauds and minimizing risks for management.
• Preparation and finalization of Annual rate contract post negotiations with vendors.
• Ensuring all the documents are available before the material arrivals for cleanance in imported materials.
MBA IN FINANCE AS MAJOR AND MARKETING AS MINOR.