Anurag Banafar

I am working as Assistant Manager in Procurement & Contracts dept. having below Key responsibilities.

• Managed end-to-end Strategic procurement for Capex, Opex, MRO, Min-Max and all kind of Engineering & Non-Engineering, Packaging Supply/Services required for plant operation, Self-responsible for Maintaining the MRP, MRO & Critical spare stocks within Min-Max level to avoid stockouts or bottleneck Situation.
• Collecting & Identifying the Purchase Request, evaluating and selecting suppliers based on Material/Service Category and floating the RFQ to selected Vendors.
• Collaborating with internal stakeholders for Technical Specification and competencies.
• Preparation of financial comparison & estimation pricing statements with fix and variable cost.
• Negotiating contracts and finalizing terms with suppliers to ensure favorable pricing, payment terms & mutually beneficial agreements.
• Creation of Purchase order in SAP (Ariba /S4/Hana) and avail to supplier.
• Periodically analysis on PR to PO conversion, Delivery orders Ageing, Open PR and PO for closing activities, order finalization, cost incurred in Capex procurement Delivery overlap contracts.
• Analysis the inventory reports & financial statements Vs in-hand stock and cash flow with the help of various analytical tools & exercises to optimize the inventory costs.
• Customized procurement strategy for each category based on TDC and substitution optimization.
• Introduction and development of new vendors across the market for enhancing the diversity of material receipt sources also build the good relationship with our existing delivery partners.
• Assessing the factors to identifying and mitigating potential risks that could impact the procurement process & Operation in terms of market fluctuation, regulatory changes, shortage of items in markets of delivery within time issue
• Annual formal assessments of supplier’s performance against several criteria to evaluate
• The goal is to build a low-risk, best-in-class supplier portfolio as per performance of suppliers.
• Handling the Audit queries and response to the concern team for resolving the issues, Educate the team & Stakeholder for better understanding and process improvement.
• Supervised day-to-day operations to meet performance, quality and service expectations.
• Improved customer satisfaction by addressing and resolving complaints promptly.
• Promoted teamwork within the workplace by encouraging collaboration among staff members on various project tasks.

I worked as project Commercial and whole n sole responsible for below mentioned key commercial activities related to brown field project at site having budget of 140 Cr.

• Preparation of planning for strategic procurement & Inventory movement to push towards completion of project till capitalization within deadlines.
• Categorized the purchase requisitions on criticality basis and floating the enquiries for quotation in market
• Coordinating with vendors for specification and techno-Commercial discussion.
• Deriving projected cost with respect to various aspects, Negotiation for final price with vendors and contractors, Overview on Cost & Quality comparison within different factors and finalization for order.
• Weekly analysis on PR to PO conversion, Delivery orders Ageing, Open PR and PO for closing activities, order finalization, cost incurred in Capex procurement Delivery overlap contracts.
• Preparation of GRN (MIGO) as per material or service receipt, Postings in system, line-up for Loading/Unloading & locate to the consumption area
• Analysis on inventory and Capex consumption as per schedule and commissioning plan to reduce the inventory holding cost.
• ABC & VED analysis approach towards fast or slow moving & Critical Items.
• Supplier Invoice verification, rectification of mistakes, correction in documents and processing for payment as per PO terms.
• Preparation of Budget Vs Actual PR PO commitments, fund occupancy and availability, financial impact Capex reports etc.
• Vendor master management, MDM, code opening and extension, material & vendor category classification, high quality data, flag deployment & removal etc.
• Analysis report on financial expenditure, Manpower Spend, Risk analysis, Actual spend evaluation, Open advance and retention adjustment, BG reconciliation.
• Initiation for capitalizing of assets, plant & machinery and civil structure as per commercial preview etc.
• Cost saving practices & Cost Kaizen, TCO, New Idea Introduction & Implementation.
• Provided expert guidance on contractual matters, protecting company interests throughout negotiations and agreement finalization processes.
• Conducted thorough post-project assessments to identify areas for improvement moving forward.

I had reported to Vice President, MIS-Finance Controller (CMO) for preparing Various analytical report on daily basis, Deale/Region wise growth & de-growth, target Vs

Achievement, Accounts Payable ageing review etc.

• Analysis of Growth base volume, Dealer wise & Retailer wise monthly and annual Pay out of scheme reconciliations.
• Working on area wise potential for market share analysis for all regions of Maharashtra & Goa with respect to different products.
• Reviews with team for Balance confirmation and freight Payments and outstanding dues, Daily Collection.
• Maintain all Dealer & sub-Dealer Report on daily basis for sales growth and movement, projections and billing overview with O/S.
• Actively help in customer code opening process of new dealer & Sub Dealer Appointment and mapping in Customer Master and bookkeeping records.
• Preparing database for region wise sales planning, budgeting & Demand Forecasting on monthly basis on MTD & YTD figures.
• Analysis of Dealer & Sub Dealer VPD (Volume Protect Discount), growth base schemes and slab wise push plans for high sales generation.
• Preparation of ageing report of outstanding and monitoring the critical Payments more than 60 and 90 days.
• Monitoring Wholesale & Retail sale price of all different brands for understand the volatile market situation and price fluctuation.
• Overview on Product wise landing cost, GST calculations & retention cost analysis with taxable Components as per government norms.
• Working on strategic marketing ideas to support to achieve the goals and target for incentives and additional benefits to dealers.
• Preparation of depot wise stock report for all products and pack wise availability of material to avoid the shortage of supply.
• Preparation of monthly stock requirement plan and forecasting of state wise collection estimated on budgeted and commitments.
• Preparation of annual incentive details of regional marketing executive against target and achievement and extra ordinary sales performance for rewards and recognition.
• Established strong relationships with key clients to maintain customer loyalty and drive repeat business opportunities.

I was responsible for Purchase & Stores Operation activities like collection of quotations from various vendors for Capex & Revex procurement, Inventory Management & Accounts payable & invoice settlement in SAP.

• Co-ordination with vendors for the supply and installation services at plant (Capex and Revex) & preparation of AMC/ARC & purchase orders in SAP (MM Module) accordingly for all spares and consumables
• Also Process the payment against the bills for local & Imports consignment.
• Negotiation and finalization of cost of the material or services as per budgeting and funds allotted for financial year for Local & Import supply.
• Maintenance of stocks and inventories, also participation in stock taking and stores activities, Inventory management processes & handle vendor accounting etc.
• Inward material and preparation of GRNs and services entries in SAP (MIGO) and monthly reconciliation & closing of open issues.
• Invoice processing of Utility, Manpower, Canteen, Material &Service Contractors bills regarding Govt. compliances like PF, ESIC Challans, Payment Reconciliation, AP reports etc.
• Audit of taxes like GST, import taxes & duties or work contract taxes in documents as per governments norms, Financial Acts, and rules according to law.
• Answering calls and handling queries, MIS preparation, Provision & accrual reports, Budget Vs actual reports, cost optimization, material Consumptions Vs in hand stocks, CPT Overview & daily reports.
• Managing and reviewing of financial report and documentation of consignments regarding local supply or import & Export, Budgeting Cost & Report etc.
• Actively involved in working of annual financial audit, Process & IMS audits and findings.
• Implemented loss prevention strategies to minimize shrinkage and protect store assets.
• Conducted regular audits of inventory levels for accuracy, identifying discrepancies and taking corrective action as needed.

I worked in sales tax department (Indirect Taxation) and responsible for verification of Cen-vat & Excise Invoices with other documentation of transportation & invoice, finding the deficiencies in documents attached with purchased raw material

• Having the great knowledge of SAP MM module & various functions & T-Codes for Data generation or Management & Imputation
• Regularly co-ordination with administration, Engineering & Finance personnel, etc
• To arrange various inputs & audits of the documentation for office operations.
• Monthly intercompany Sales Purchase reconciliation and with purchase registers and physical documents for accounting purpose.
• Sales tax return filing & working of VAT & CST Database for liaisoning with sales tax department and government bodies for input tax credit refund, Assessment for closing of financial accounts books.
• Discrepancies, Generation of the Work Contract & Tax reports maintaining the database history and reports to Central bodies.
• Working & maintaining MIS of CST, VAT, High seas and purchase & Sales during Import, Service tax and Excise chapter IDs and tax codes.
• Reconciliation, application for WCT Certificates &Statutory forms like C-Form and TDS certificates with sales tax filling.
• Implemented comprehensive risk management strategies to protect the organization from unforeseen financial pitfalls.