Malay Bhavsar

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.

Country

India

City

Pune District

Industry

Oil & Energy

Skill

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

Thermax Limited

Buyer

Thermax Limited

LinkedIn
2023-12 - Present · 2 yrs 10 mos

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.

Reliance Industries Limited

Senior Buyer - Procurement & Contracts

Reliance Industries Limited

LinkedIn
2015-7 - 2023-12 · 8 yrs 6 mos

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.

Reliance Industries Limited

Construction Engineer Electrical

Reliance Industries Limited

LinkedIn
2014-7 - 2015-6 · 1 yr

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.

Reliance Industries Limited

GET

Reliance Industries Limited

LinkedIn
2013-7 - 2014-6 · 1 yr

Jamnagar, Gujarat, India

Education

Indian Institute of Materials Management, Mumbai

Indian Institute of Materials Management, Mumbai

LinkedIn
2022-1 - 2023-12 · 2 yrs
Nirma University

Nirma University

LinkedIn

Electrical Engineering

2009 - 2013 · 4 yrs

Malay Bhavsar's Contact Information

Email

******@***.com

Phone

(**) *** ****

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