Procurement Manager
Corporate International Business Finance LLC
مجموع سنوات الخبرة :14 years, 1 أشهر
Purchase management:
- Setting up the weekly, monthly, quarterly procurement plan.
- Procurement of Products from national and international market.
-Development of alternative local sources for imported Products which helps in cost saving.
-Planning and budgeting of purchase functions, involving cost estimation, contract negotiations.
- Liaison with the Warehouse department to maintain optimum inventory.
-Implementing systems to avoid situations like over-stocking or out-of-stock which cause production and financial losses.
-Liaison with finance department for timely payment of bills.
-Developing reports on procurement and usage of material for top management.
Vendor Development:
- Effective management of vendor database.
-ABC classification of vendors on the basis of criteria like cost, quality, timely delivery etc.
-Development of new vendors.
-Conducting training for vendors to educate them about the company’s requirements and help them in improving their performance.
-Evaluating vendors & negotiating the price, delivery schedule, and terms and conditions with them.
-Timely clearance of payments & handling vendor inquiries.
-Developing reports on various programs run for vendor development for top management.
Stores Management:
-Maintaining the stock of material without any variance by conducting stock verification and documentation.
-Implementing Standard Operating Procedures within the warehouse.
-Regularizing material receipts and ensuring the fluidity of stocks from warehouse to stores.
Procurement
• Managing entire store & purchase operations with a view to achieve business objectives and ensure bottom line profitability.
• Directing the Development and implementation of key procurement Strategies / contingency plans and ensuring that strategies and plans are aligned with organizational objectives.
• Sourcing and rate negotiation of material locally and worldwide with proper incomer's, delivery time and quality.
• Negotiation with International vendors and logistics providers.
• Prepare documents for payments along with complete supporting documentation (Approved Purchase Order, Vendor Invoices, and Goods Delivery Notes etc.)
• Ensure the flow of procurement process in a smooth and professional manner through pre-qualified vendors/suppliers.
• Final negotiation with vendors regarding discounts, payment terms and delivery period.
• Monitor purchase related activity as per procedures of procurement like evaluation through comparative statement and capital investment request for every purchase of fixed asset.
• Ensuring optimum inventory levels for achieving cost savings without hampering the Projects and sales.
• Create liaison between market and pre sales department regarding price escalation effects on market and changes implemented by Government Organizations which can affect cost in near future.
• Evaluate, select, prequalify and negotiate subcontractors, on the basis of their past experience and available assets.
• Maintain Vendor List and addition of Vendor Codes of Supplier/Subcontractors in system to avoid duplication.
• Negotiate and manage maximum Credit Facility to the Company to ensure better cash retention period.
• Updating and maintaining reports such as Open order reports, PO Database, Supplier performance reports.
Vendor Management
• New Supplier sourcing, negotiation and Vendor selection activities.
• Developing long-term relationships with local & foreign suppliers and preparing rate contracts; managing supplier performance to ensure meeting of service, cost, delivery and quality norms
• Shortlisting vendors based upon best suitable quotations received for the requirement.
• Managing supplier performance on a quarterly basis.
• Proposing and Implementing policies, and procedures to support the purchasing process, such as RATE CONTRACTS to ensure reduction in Material cost.
• Negotiating increase in credit period with suppliers to ensure increase in cash retention period for the company.
• F2F meeting with vendor to discuss current performance, issues, corrective actions required and future requirements.
PO Management:
• Processing the PR to PO and routing the approved POs to suppliers and follow up until delivery.
• Preparing reports such as Open order reports, PO database, Vendor performance reports using ERP/SAP.
• Interacting interdepartmentally to streamline SOP, Statement of work and establish work requirements.
Logistics, Imports & Exports
• Arranging proper documentation for export of goods.
• Coordinate and control functions of Import like custom clearance and transportation to ensure timely delivery. Involved in international and Procurement for running and upcoming projects.
• Coordinate with international vendors from sourcing to final delivery of goods.
• Responsible to complete all document requirements for imports and coordinate with clearing agent for timely clearance and delivery of goods.
• Lodge claim with suppliers for any difference in quantity between received and invoiced quantity.
• Keeping view of all safety norms and Country law for Import / Export of goods
Reports and Administration
• Reports all the work status to manager on a weekly basis.
• Ensure all the purchase requisitions and purchase orders are properly documented and make ready for report submission.
• Reports major purchase issues to manager and get advice.
• Keep track of all purchase orders manually and submit the reports weekly to the manager.
- Responsibilities of Fully Computerized & ERP Procurement based SAP ERP. Screening of Requisitions for procurement. Material Procurement Receipts, Physical Inspection, Stacking, Maintaining Minimum & Maximum Level of Critical & Fast Moving Items, Maintaining All Procurement Documents.
- Research and evaluate suppliers based on price, quality, selection, service, support, availability, reliability, production and distribution capabilities, and the supplier's reputation and history.
- Negotiate, or renegotiate, and administer contracts with suppliers, vendors, and other representatives.
- Monitor shipments to ensure that goods come in on time, and in the event of problems trace shipments and follow up undelivered goods.
- Confer with staff, users, and vendors to discuss defective or unacceptable goods or services and determine corrective action.
- Maintain and review computerized or manual records of items purchased, costs, delivery, product performance, and inventories.
- Interview vendors and visit suppliers' plants and distribution centers to examine and learn about products, services and prices.
- Procurement of all kind of material (IT, Household, Textiles, foods, etc).
- Arrange the payment of duty and freight charges.
- Study sales records and inventory levels of current stock to develop strategic purchasing programs that facilitate employee access to supplies.
- Responsibilities of Fully Computerized & ERP Procurement based SAP ERP. Screening of Requisitions for procurement. Material Procurement Receipts, Physical Inspection, Stacking, Maintaining Minimum & Maximum Level of Critical & Fast Moving Items, Maintaining All Procurement Documents.
- Reconciliation vendor Statement with SAP System & Manual. Stock Verification, Analysis of Vendor Performance & Price Variance.
- Purchase related all responsibility - New Vendor Development, Price Negotiation with vendor, PO management, Material Delivery and Payment etc.
- Procurement of all kind of material (IT, Household, Textiles, foods, etc).
- Material Management. Planning for daily consumable material for next one month. Billing status. Making the comparative statement.
- Ensure the quality & quantity of material purchase at site.
- Creating different reports as required by Management.
- Negotiating with the vendors for Rate, Delivery and Payment Terms.
- Expediting with vendors.
- New Vendor Development.
- Budgeting, Monthly Budget is prepared as per the requirement .
I have passed my graduation with 63 % persentage aggregate. I had won for the best project in interuniversity project presentation "SPERANZA". I had represented the college chess team. I was the college football and cricket team captain.