Assistant Manager Procurement
Novatex Limited
Total years of experience :11 years, 4 Months
- Collaborate with vendors to ensure smooth operations, optimize procurement processes, and enhance supplier relationships, resulting in 15% reduction in procurement lead times
- Coordinate with materials procurement teams to maintain material accuracy and availability, achieving 98% accuracy rate and reducing excess inventory costs by 10%
- Spearhead SCM initiatives by organizing demand forecasts and facilitating seamless coordination with stakeholders, resulting in 20% decrease in supply chain disruptions
- Utilize SAP/Ariba platforms to conduct successful "Auction/RFP" events, consistently obtaining competitive prices and minimizing procurement costs by 12%, leading to annual savings of 500, 000.
- Liaise between departments to streamline payment processing, ensuring efficient and timely payment clearance to vendors, reducing late payment penalties by 90%
- Evaluate supplier performance based on quality standards, delivery time, and competitive pricing, resulting in improved supplier ratings and increased on-time deliveries by 15%
- Generate insightful reports, including Cost Savings Reports, Monthly Purchase Reports, and others as per management demand, providing critical data for strategic decision-making and cost-effective strategies
- Monitor shipment status and coordinate with overseas vendors to guarantee on-time delivery of goods, minimizing production disruptions and enhancing customer satisfaction, resulting in 95% on-time delivery rate
- Orchestrate timely establishment of Letters of Credit (L/C) in close coordination with Finance and relevant banks, facilitating secure international transactions and decreasing financial risks associated with imports
- Collaborate closely with cross-functional teams to fulfill job responsibilities efficiently and effectively, contributing to cohesive and high-performing procurement department, resulting in improved departmental productivity by 15%.
- Develop and implement procurement policies and procedures to enhance compliance with company standards
- Develop new reliable sources of supplies for existing & new raw materials and maintain their records
- Work with team members to complete duties as needed
- Perform other duties and responsibilities as & when will be asked for from time to time by authorities
- Review and approve purchase orders and invoices for accuracy and completeness.
- Track contract performance metrics and report issues or non-compliance with appropriate stakeholders.
- Complete regular inventory counts to verify stock levels, address discrepancies, and forecast future needs.
- Demonstrated effective leadership and communication strategies, fostering team synergy and promoting high-performance culture, resulting in 20% increase in team productivity and concurrent 15% reduction in project completion times
- Implemented communication strategies leading to substantial 25% improvement in cross-functional collaboration within multidisciplinary teams, effectively breaking down information bottlenecks, resulting in reduction in decision-making time and significantly enhancing operational efficiency across company
- Coordinated and organized department meetings and conferences, leading to increase in attendance rates, thereby fostering better alignment of team objectives and facilitating invaluable knowledge sharing among team members
- Spearheaded creative analytical initiatives, scenario planning, and change management efforts, collectively leading to commendable 15% increase in adoption of innovative practices throughout entire organization
- Actively contributed to overall success and expansion of project management team by engaging in collaboration and knowledge sharing, resulting in 10% growth in team's overall performance and capabilities
- Provided innovative ideas and practical examples of media usage, which directly contributed to significant 20% improvement in quality and engagement levels of organization's educational content
- Played pivotal role in offering technical expertise for live presentations and serving as primary point of contact between UMT-CONNECTED and VEPP/THEN, resulting in satisfaction rate among stakeholders
- Devised comprehensive project plans, contributing to noteworthy 15% increase in project completion rates, while concurrently minimizing project costs by 10%
- Created instructional design process diagrams, effectively streamlining departmental workflows and remarkably reducing course development time by impressive 20%
- Orchestrated flawlessly executed live events, such as LiveX, LifeSize, and Adobe Connect presentations, with 98% satisfaction rate among participants.
- Verified quality of deliverables and conformance to specifications before submitting to clients.
- Analyzed project performance data to identify areas of improvement.
- Played pivotal role in developing and executing strategic sourcing strategies, resulting in annual cost savings.
- Responsible for encompassing, cultivating and managing vital supplier relationships, ensuring adherence to stringent quality standards and contractual agreements.
- Excelled in vendor negotiations, skillfully navigating terms, conditions, and pricing discussions.
- Managed supplier contracts comprehensively, effectively reducing discrepancies by 20%.
- Implemented highly efficient inventory control measures, minimizing carrying costs by substantial 12% while guaranteeing uninterrupted product availability.
- Consistently made valuable contributions to supply chain optimization, leading to significant 15% reduction in lead times.
- Achieved impressive supplier compliance rate through dedication to quality assurance standards.
- Analyzed market conditions to make informed decisions on pricing and purchasing strategies.
- Utilized market intelligence to identify opportunities for savings and cost reduction.
- Cultivated and managed positive relationships with suppliers and vendors, ensuring open lines of communication, timely deliveries, and constructive collaboration to enhance procurement process.
- Utilized data analysis techniques to evaluate supplier performance, identified cost-saving opportunities, and contributed to development of strategic procurement decisions that optimized resource allocation.
- Evaluate supplier performance based on quality standards, delivery time, and competitive pricing, resulting in improved supplier ratings and increased on-time deliveries by 15%
- Played crucial role in maintaining efficient inventory levels by closely monitoring stock quantities, reducing carrying costs, and ensuring continuous supply of products to support operational needs.
- Actively engaged with various departments within organization, gained insights into their unique procurement requirements, and aligned procurement strategies with overall organizational goals to drive synergy and efficiency.
- Maintained current understanding of pricing structures, market conditions and trends in industry.
Set up and negotiated contracts to obtain favorable pricing and delivery structures.
- Identified and pursued new business opportunities, contributing to 20% increase in company's client base.
- Fostered and maintained strong relationships with existing clients, ensuring exceptional client satisfaction and15% increase in repeat business.
- Conducted market research and competitive analysis to identify emerging trends and market gaps, providing strategic insights for product development.
- Developed and implemented effective sales strategies that resulted in increase annual revenue.
Identified and pursued valuable business opportunities to generate new company revenue and improve bottom line profit
- Lead negotiations and successfully closed significant deals with international partners, resulting in expansion into new markets.
- Coordinated marketing campaigns and promotional activities, increasing brand visibility and market presence.
- Actively participated in industry conferences and networking events, establishing valuable partnerships and expanding company's industry footprint.
- Identified and pursued valuable business opportunities to generate new company revenue and improve bottom line profit.
- Developed new proposals, contracts and procedures to draw in more clients and streamline work operations
- Communicated directly with customers and partners to build strong business networks and relationships.
- Collaborated with sales and marketing departments to support client acquisition.
Bi-Majors: Supply Chain Management & Marketing