Abhinav Bhosale

Accomplished procurement professional with over 14 years of experience in vendor development, strategic sourcing, and procurement management. Proven track record in managing both direct and indirect procurement, including MRO items, leading to significant cost reductions and operational efficiencies. Expert in negotiating favorable terms with suppliers, resulting in improved payment terms and strengthened supplier relationships. Demonstrated ability to implement inventory management systems, reducing overstocking and minimizing waste. Strong background in handling AMC contracts, ARC building/contracts, VMI, and JIT for MRO items. Proficient in ERP systems with excellent internal and external stakeholder management skills. Adept at leading teams and driving continuous improvement initiatives to support organizational growth and success.

• Date of Birth: 04/16/91
• Gender: Male
• Nationality: Indian
• Marital Status: Married

• Procure-to-Pay (P2P) and Source-to-Pay (S2P) Cycle Management: Demonstrated proficiency in managing end-to-end procurement processes, encompassing supplier identification, evaluation, selection, contract negotiation, purchase order issuance, and payment processing.
  IBM - United States
• Direct and Indirect Procurement: Extensive experience in sourcing and procuring both direct materials essential for production and indirect materials supporting operational functions, ensuring cost-effectiveness and quality compliance.
  
• Strategic Sourcing: Expertise in developing and implementing sourcing strategies that align with organizational goals, utilizing market analysis and supplier evaluations to drive value and innovation.
  
• Spend Analysis: Skilled in analyzing expenditure data to identify savings opportunities, optimize procurement strategies, and enhance budgetary control.
  
• RFx Processes (RFQ, RFI, RFP): Proficient in managing Request for Quotation (RFQ), Request for Information (RFI), and Request for Proposal (RFP) processes, from drafting and issuing to evaluating responses, ensuring alignment with project requirements and organizational objectives.
  
• Category Buying: Experience in managing procurement categories, developing category strategies, and executing sourcing plans to achieve cost savings and supplier performance improvements.
  
• Vendor Development and Interaction: A track record of building and maintaining strong relationships with suppliers, engaging in continuous development initiatives to enhance performance, quality, and collaboration.
  
• Price and Contract Negotiation: Skilled negotiator with a history of securing favorable pricing, terms, and conditions, contributing to cost reductions and favorable contract agreements.
  
• Supplier and Site Coordination: Effective coordination with suppliers and internal stakeholders to ensure timely deliveries, resolve issues, and maintain smooth operational workflows.
  
• Material Planning and Inventory Management: Proficient in forecasting material requirements, planning procurement activities, and managing inventory levels to balance supply and demand, reduce carrying costs, and prevent stockouts.
  
• Comparison of Delivery Terms: Analytical approach to evaluating and comparing delivery terms from various suppliers, optimizing logistics, and ensuring alignment with project timelines and budgets.