MANAGER PROCUREMENT (DIRECT MATERIALS)
L&T SPECIAL STEELS AND HEAVY FORGINGS
Total years of experience :15 years, 9 Months
Key Result Areas:
• Formulating RFP and organizing reverse auction through ARIBA E-sourcing portal
• Sourcing raw materials for steel making from domestic and international market
• Coordinating with CHA and freight forwarders for managing imports
• Managing material requirement for planned production schedule
• Evaluating market conditions for maintaining inventory levels & control input cost
• Organizating adequate vendor base for major raw materials
• Developing alternate vendor base for achieving cost reduction, streamlining process workflow and creating a team work environment to enhance productivity
• Organizing assessment audits for the new vendors and periodic re-evaluation for approved vendors
• Implementing inventory control measures to reduce obsolete stock, tracking slow-moving items and achieving reduction in inventory carring cost
• Capturing commodity market trends and organizing data in to report format on weekly basis
• Preparing & presenting monthly MIS reports on raw material inventory and procurement position within the targets
• Maintaining ISO & ASME documents and representing departments at the time of internal & external audits
Highlights:
• Achieved savings of USD 0.15M annually by negotiating favorable terms and deploying effective strategies in the Financial Year 2015-16
• Reduced raw material inventory level from USD 2.5M to USD 1M with just-in-time planning in the Financial Year 2015-16
• Increased on time delivery from 83% to 90% in the Finanacial Year 2015-16
• Developed tool for monitoring inventories and effectively planning raw material requirements for planned productions upto 12 months
• Generated cost savings up to 39% through indegenization of critical raw materials
• Reduced inventory discrepancies by 97% annually through the development of an innovative tracking system
• Produced cost savings up to 11% through using alternate raw materials
• Achieved cost reductions of 4% (2012), 6% (2013) & 5% (2014) despite a period of significant inflation on raw materials
• Managed to get 60 days or more credit period for 97% of Total order value for Financial Year 2015-16
• Attained Zero inward rejections through efficient vendor development tactics in 2014-15 and 2015-16
- Merit Scholarship in SEM II (Rs.45,000/-) and SEM III (Rs.60,000/-) of MBA Program - 3rd Rank in Semester III of MBA Program - “A” Grade in Management Research Project (MRP) on New Supply Chain Model of Agriculture Market in India - “A” Grade in Materials Management & Supply Chain Management in MBA. - “A” Grade in Commodity Market & Risk Management (CMRM) in MBA.