Randika Jayasinghe

Head of Procurement at LOLC Advanced Technologies (Pvt) Ltd

• Sri Lanka
• December 2003 to January 2024

(Employment - 01stof November 2021 to present)

• Manage end-to-end procurement process, including sourcing (Raw materials, packing materials, industrial chemicals, construction materials, civil contractors, Capex items etc.), supplier selection, negotiation, and contract management, Imports and customs clearance across five diverse companies, ensuring seamless supply chain operations.
• Responsible for the entire supply chain operations of the following business entities,

 Waste management company at Kerawalapitiya industrial zone. (From the construction phase to product launch)  Export oriented BOI company at Malwana (USD$ 6.5 million project) (From the construction phase to product launch)  Beverage manufacturing company at Mathugama.  Rice Fortification company at Homagama.  Graphene Oxide production company at Homagama.

• Implement strategic sourcing initiatives that led to substantial cost reductions and improved supplier relationships.
• Oversee customs clearance processes, ensuring compliance with import and export regulations.
• Managed exports, including documentation, shipping, and compliance with international trade laws.
• Develop and execute inventory management strategies, minimizing excess stock and optimizing inventory turnover.
• Collaborate with cross-functional teams to align procurement strategies with each company's unique needs and goals.
• Develop and execute procurement strategies aligned with organizational objectives, resulting in significant cost savings
• Streamlined supply chain processes, enhancing overall operational efficiency and reducing lead times.
• Ensure compliance with procurement policies, ethical standards, and industry best practices.
• Mentor and lead a high-performing procurement team, fostering a culture of continuous improvement.