Pranav - Procurement Professional with Over 9 Years in Supply Chain Management

Proven ability to negotiate favorable terms, optimize contracts, and build strong vendor relationships.

Skilled in sourcing from international suppliers, leveraging incoterms and market analysis to ensure quality and cost efficiency.

Expert in developing and implementing procurement strategies based on detailed market and portfolio analysis.

Experienced in managing vendor relationships, inventory control, and ensuring timely supply chain operations.

Capable of budgeting, forecasting, and cost analysis to align procurement goals with financial targets.

Negotiated favourable terms with suppliers, enhancing cost-effectiveness of procurement processes.. Identified and targeted critical procurement issues, saving over Appx [$35000].. Development of alternative local sources for imported raw materials which help in cost saving.. Set achievement targets and outlined actions to meet operational objectives.. Negotiated contract terms with vendors (Price, Payment Mode - Credit Facility (30-90 Days), Quality, On time delivery etc.). Reducing on-hand inventory to the lowest feasible levels consistent with customer service objectives.. Developed procurement and material usage reports for top management review.. Managed vendor database to ensure accurate and efficient supplier information.. Recorded price histories, vendor relationship issues and purchasing document terms [SAP].. Effective management of vendor database.. Formulating budget for timely procurement of spares & materials.. Facilitated meetings with various vendors to discuss procurement needs.. Conducted Meeting with different Vendors.. Collected purchase requests for current or upcoming requirements and verified with department manager to eliminate excess stock.. Development of alternative local sources for imported raw materials which helps in cost saving.. Generated reports, documents and analysis in SAP for senior management review and approval.. Timely procurement of materials at favourable commercial items.

Analyze all suppliers in order to select the most suitable suppliers who are able to deliver high quality products at competitive pricing.. Negotiated vendor payment terms and contract conditions to meet aggressive production and cost requirements.. Achieved cost reductions of $[75000] while maintaining production levels and improving quality of supplies and services.. Developed controls and systems to assure results of purchased products meet supplier quality performance.. Provided Requests for Information (RFIs) to potential suppliers for quotations on desired requirements.. Created monthly and quarterly budget reports comparing projected costs with actual performance.. Implemented improvement initiatives to achieve inventory cost reductions and raw material delivery precision.. Produced comparative spreadsheets detailing prices, payment terms and delivery schedules.. Conducted regular performance reviews with suppliers to drive continuous improvements.

Evaluated RFPs, price quotes, proposed contracts and other types of agreements.. Developed purchasing or sourcing strategies based on portfolio analysis and supplier preference studies.. Consulted and advised department heads on equipment and supply decisions.. Negotiated with vendors to procure best prices and quickest service for equipment and supplies.. Monitored goods received to verify proper timing, quality, quantity and delivery to proper sites.. Worked closely with suppliers for service level agreement compliance and effective logistics support.. Directed daily and long-range activities of purchasing department.. Managed negotiations with new suppliers to drive acquisition of highest quality materials and best cost and payment agreements.. Sourced new vendors for purchasing needs.