Malay Bhavsar
Buyer @ Thermax Limited
About
Procurement and Contracts Specialist with over 10 years of experience in strategic sourcing, end-to-end procurement, and contract management across EPC, engineering, and industrial projects. As an Ex-Reliance Industries Ltd. (RIL) professional, I bring deep expertise in managing complex procurement processes across CAPEX, MRO, and Project Procurement. I have a proven track record in vendor management, rate contract negotiations, techno-commercial evaluations, and cross-functional collaboration, ensuring timely, cost-effective, and quality-driven sourcing outcomes. With a strong command of SAP-MM and Oracle ERP, I drive digital procurement transformation through automation, data-driven decision-making, and streamlined procure-to-pay (P2P) processes. I continuously invest in professional growth and hold the following qualifications: PGDMM – Post Graduate Diploma in Materials Management (IIMM) Global Procurement and Sourcing Specialization – Coursera (Rutgers) Advanced Contracts & Public Procurement – IIT Madras CPSM – Currently Pursuing (Certified Professional in Supply Management) ✅ Core Competencies: Buyer | Procurement | Contracts | Strategic Sourcing | Digital Procurement | Rate Contracts | Supplier Development | SAP-MM | Oracle ERP | Cost Optimization | Cross-Functional Sourcing | P2P Process I'm open to opportunities where I can help organizations modernize their procurement function, enhance supplier value, and contribute to strategic sourcing goals.
India
Pune District
Oil & Energy
E-auctions, Cost Optimization, EPC Procurement, Techno-commercial Evaluation, Digital Procurement, CAPEX Procurement , LSTK Contracts, Lean Six Sigma, Electrical Procurement , Supplier Relationship Management, Annual Rate Contract Management, SAP MM , Procurement Process Automation, Risk Management, Rate Contract Management, Procurement Contracts, Materials Management, Indirect Purchasing, Supplier Relationship Management, Procurement
Experience

Buyer
Pune, Maharashtra, India
Lead strategic sourcing, procurement, and contract management for EPC and electrical projects with purchase volumes up to ₹100 Cr INR, spanning oil & gas, steel, fertilizer, pharma, power, and mining industries. Key Achievements & Responsibilities: ● Manage end-to-end procurement of electrical equipment, EPC packages, and MRO materials for domestic and export projects, ensuring on-time delivery, cost control, and quality compliance. ● Drive supplier identification, qualification, and techno-commercial evaluation to secure competitive pricing and optimized technical solutions. ● Negotiate high-value contracts, applying global sourcing strategies, rate contract management, and cost optimization techniques to achieve significant savings. ● Collaborate with engineering, project management, and finance teams to align procurement schedules with critical project milestones. ● Implement digital procurement solutions integrated with SAP-MM and Oracle ERP, improving procure-to-pay cycle efficiency by 15%. ● Strengthen supplier relationship management for both domestic and international vendors to ensure supply continuity and risk mitigation.

Senior Buyer - Procurement & Contracts
Navi Mumbai, Maharashtra, India
Directed end-to-end procurement, contract management, and supplier performance improvement for electrical equipment, LSTK contracts, and CAPEX projects across multiple sites, with a focus on high voltage substations, MV/LV switchgears, HT motors, and VFDs. Key Achievements & Responsibilities: ● Managed complete procurement lifecycle — from supplier identification, RFQ preparation, and techno-commercial evaluation to contract finalization and delivery monitoring. ● Led electrical category management and collaborated with revenue procurement teams to drive strategic sourcing initiatives. ● Negotiated LSTK contracts and finalized annual rate contracts with multiple suppliers to support upcoming CAPEX projects, securing competitive pricing and long-term value. ● Secured electrical packages and contracts valued at approximately ₹800 Cr INR, achieving cost savings of up to 20% through global sourcing and rate contract negotiations. ● Spearheaded the implementation of an in-house developed digital procurement tool, representing the procurement team in system design, workflow mapping, testing, and adoption — improving transparency, cycle time, and supplier engagement. ● Conducted vendor qualification and performance evaluation, building a robust and sustainable supplier network for domestic and global sourcing. ● Integrated SAP-MM with procurement workflows, streamlining the procure-to-pay cycle and improving efficiency by 15%. ● Partnered with cross-functional teams (engineering, project, finance, and quality) to align procurement timelines with project milestones and ensure compliance with industry standards. ● Executed risk mitigation strategies to ensure uninterrupted supply and mitigate vendor-related delays.

Construction Engineer Electrical
Jamnagar, Gujarat, India
Executed electrical construction, installation, and commissioning works for large-scale industrial projects, including high voltage substations and distribution networks, ensuring quality, safety, and timely completion. Key Achievements & Responsibilities: ● Designed and implemented the C2 Complex construction power network, including detailed load planning and establishing a permanent power supply, eliminating diesel generator dependency. ● Developed and executed preventive maintenance schedules for power transformers, RMUs, and 6.6 kV distribution systems, ensuring continuous and reliable power supply. ● Oversaw installation and commissioning of a 33 kV power network for the C2 Complex J3 Project, managing 132 km of 19/33 kV cable laying and resolving cable faults to maintain system integrity. ● Supervised commissioning of the LDPE substation, including 33 kV GIS, power transformers, switchgear, MCC panels, and associated equipment. ● Managed material procurement and inventory control for electrical construction projects, including requisitions, technical evaluations, and supplier follow-ups to meet project timelines. ● Coordinated with EPC contractors, engineering teams, and QA/QC departments to ensure compliance with technical specifications and safety standards. ● Applied risk identification and mitigation strategies during field execution to prevent delays and ensure safety compliance.
Malay Bhavsar's Contact Information
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