Piyush Verma

• Implementing procurement strategies and policies, forecasting procurement requirements, and reviewing purchase requests to ensure authorization to facilitate timely purchase of new products. • Streamlining Supplier Quality Management System also involved in the Supplier Quality Performance evaluation and Supplier Up gradation. • Establishing good working relationships with vendors through personal contact discussing and resolving the problems regarding delays of goods delivery dates. • Crafting negotiation strategies & closing deals with optimal terms. Evaluating offers from vendors and negotiating better prices. • Responsible for Direct & Indirect procurement, Import procurement, Capex Purchase, Buyout items and Consumable items. • Responsible for Fact based negotiations - material cost, labor cost, tooling investment, overhead cost also responsible for providing on time material in right quantity and right quality to production. • Handling purchase and vendor development activities and looking after budgeting, planning/ sourcing. Ensuring optimum utilization of materials, inventory control and maximum cost saving. • Ensuring effective rendering of purchase services to enable smooth flow of day to day operations. Identifying scope for process enhancements for improving services & facilities. • Managing the team and the day-to-day management in accordance with overall company policy and ensuring that all inventories are available. • Generating Purchase contracts, long term agreements and addressing statutory requirements. • Developing effective inventory management strategies and policies to achieve optimum cost and overall procurement functions within the required time, budget and quality standards. o Managing, motivating and training colleagues in negotiation of equipment procurement, bulk project items and project contracts. Implementing cost saving measures. o Sourcing both domestically and internationally.

• Analyzed current procurement activities & recommended improvements through efficient procurement methods, automation, privatization, quantity discounts, standardization, value analysis & cooperative purchasing. • Developed reliable sources for supply and finalized procurement contracts on most competitive terms. Maintained regular follow up with the vendors to ensure deliveries within prescribed schedules. • Maintained strong working partnerships with key suppliers. Determined appropriate end-to-end processes and tools needed to achieve development, delivery, reliability and availability goals. • Demonstrated excellence in developing, implementing and executing long-term supply chain strategies and practices to extract maximum value and performance across the company. • Ensured effective rendering of purchase services to enable smooth flow of day to day operations. • Involved in final price negotiation in accordance with company policies and allocated budget for project procurement. • Monitored progress of PO with Supplier. Deputed procurement expeditor at vendor work to ensure timely delivery of goods. • Reviewed weekly and monthly reports for pre-order and post-order reports to make sure timely order placement and delivery of goods with monitoring on all intermediate activities on weekly basis for Internal department as well as on telephone with respective vendors. Reviewed supplier time extension and LD provision. • Successfully saved procurement cost of casting item, resulted in achieving annual cost saving of INR 0.33 cr./ annum.