Ankit Sharma
Summary
Detail-oriented professional with strong background in purchasing, vendor management and inventory control. Proven track record of identifying cost savings opportunities and developing and executing strategies to maximize sales and profits. Considered valuable asset to any team.
Overview
4
4
years of professional experience
Work History
Procurement Buyer
Defsys Solutions Private Limited
07.2023 - Current
- Skillfully Handling Procurement of BOM child parts (Local & Import), RM (Raw Material), IT assets, Electrical and Electronics components, Mechanical Tools, Wire and Cable Harness, Sheet Metal Parts, General HR and Admin Requirements, MRO's , Utilities, Infrastructure(MEP) and Maintainence and Production Consumables for multi-location manufacturing facilities.
- Manage vendor and suppliers selection process based on Price, Quality, Support, Capacity and Reliability.
- Collaborate with cross-functional teams to analyze production requirement and generate purchase orders.
- Monitor and forecast inventory levels, and ensure the company has the necessary supplies on hand.
- Managing Overall Direction, Coordination and Evaluation of procurement for the facility.
- Performing all procurement and contracting activities including Pre-qualification, Tender management, Negotiation and preparation of Contract/Agreements (Services & Projects).
- Coordination with the foreign Supplier and handling Import Shipment (Air/Ocean) documentation including Packing list, Airway Bill, Commercial Invoice, Bill of Entry ,Bill of Lading, Certificate of Conformity, Certificate of Origin, Test Reports.
- Plan and Coordinate shipments with Logistic Team, Track In-Transit Shipments and update DSR (Daily Status Report)
- Sourcing of new vendors, preparing mutual NDA (Non-disclosure agreement) with vendors, Maintain vendor master, Vendor Code creation in SAP, Vendor Risk Management.
- Conducting Comprehensive cost analysis for sheet metal parts and collaborate with engineering team to evaluate feasibility, source material for successfully part development.
- MIS reporting activities, Budget making and monitoring, BOM costing, Quarterly PDCA report, Vendor Capacity assessment, Vendor Rating.
- Continuous coordination with the Finance and accounting teams for timely vendor's payment and ensuring accurate and timely reconciliation of vendor invoices.
- Maintained accurate records of all procurement activities, facilitating efficient audit processes and regulatory compliance.
- Resolved daily issues by handling invoice discrepancies, replacements for rejected materials and missed and late deliveries.
- Analyzed spend data to identify areas of potential cost savings or risk mitigation within the organization''s purchasing activities.
Purchase Engineer
Navitasys India Pvt Ltd ( TDK GROUP COMPANY )
03.2021 - 07.2023
- Responsible for purchase and planning related to Industrial Engineering requirements, Capex Procurement, Production consumable, Maintenance spares, Administration & IT requirements, Utilities and MRO.
- Configure MM-Module: Purchase Requisitions, Purchase Orders, Info Records, Release procedures, Release strategies, GR, GI, Movement Types, Invoice Verification, Vendor Payment Etc.
- Practice cost reduction measures such as Alternate sourcing, materials substitution, Localization and long-term purchase contracts to maintain overall operational efficiency, experience in sourcing potential vendors in compliance with the company policies and procedures.
- Responsible for procurement of automation equipment like conveyor system, electrical items like electrical panel, contractors, relay, cables, UPS etc.
- AMC contract for servicing of machines like Chiller's, VRV's, Compressor's, HT feeder, DG Sets , UPS, Forklift's.
- Responsibility for procurement of spares like MCCB, MCB, Pumps, Robot spares.
- Preparing material planning in consultation with the vendors to meet the production requirement, releasing schedules, monitoring deliveries and coordinating with accounts for timely release of payment as per payment terms.
- Evaluating suppliers on information such as price, capacity, quality and deliveries and negotiating on prices and purchase agreements.
- Participating in component development by providing technical support to supplier in area of design of fixture, tooling, and inspection gauges to ensure consistent output during production
- Trained junior staff members on proper purchasing procedures, fostering a culture of continuous learning and development within the department.
- Participated in status reviews, audits, and purchase meetings to resolve proposal issues and implement process improvements.
- Analyzed vendors and suppliers to select most suitable to deliver high-quality products at competitive pricing.
- Maintained and followed up with qualified vendors and suppliers about open purchase orders and prospective orders.
- Participated in annual budgeting activities by providing input on expected costs associated with purchasing activities throughout the year.
Education
MBA - Production And Operation Management
Amity University
Noida01.2025
B.Tech - Mechanical Engineering
Raffles University
Neemrana, India06.2021
XIITH - Mathematics And Science
Takshila Public School
Behror, India03.2017
XTH -
Suraj Public School
03.2015
Skills
- Vendor Development
- Vendor Management
- Negotiation & Cost Management
- Inventory Control
- Purchase Order Management
- Contract Management
- Recordkeeping Skills
- Continuous process improvements
- Supply Chain Optimization
- Global Procurement
Accomplishments
- 150 KLD STP Plant Setup : Spearheaded the procurement and installation of a 150 KLD Sewage Treatment Plant, ensuring seamless project execution and compliance with environmental regulations.
- Internal Auditor : Appointed as the Internal Auditor for the company, where I conducted thorough audits to ensure adherence to internal policies and regulatory requirements, contributing to enhanced operational transparency and efficiency.
- 500 MW Solar Plant Setup : Managed the procurement and logistics for the setup of a 500 MW solar plant, including sourcing high-quality components and negotiating favorable terms, which played a crucial role in the project's successful completion.
- Cost Savings in Logistics : Achieved significant cost savings by eliminating the use of external contractors and instead investing in company-owned commercial vehicles, resulting in a more efficient and cost-effective logistics operation.
- Cost Savings in Pneumatics : Implemented a vendor substitution strategy for pneumatic components, which led to substantial cost reductions without compromising on quality.
- Achievement in Cost Savings Through BOQ bifurcation : Successfully implemented a strategic approach by bifurcating the Bill of Quantities (BOQ) and floating it in the market instead of consolidating the entire order with a single Project Management Consultant (PMC) vendor
- Earned “Star Performer” award for achieving departmental KPI's in consecutive four months.
Languages
English
Upper intermediate (B2)
Hindi
Upper intermediate (B2)
Timeline
Procurement Buyer
Defsys Solutions Private Limited
07.2023 - Current
Purchase Engineer
Navitasys India Pvt Ltd ( TDK GROUP COMPANY )
03.2021 - 07.2023
MBA - Production And Operation Management
Amity University
B.Tech - Mechanical Engineering
Raffles University
XIITH - Mathematics And Science
Takshila Public School
XTH -
Suraj Public School
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