BALAJI VELU
Supply Planning & Inventory Manager
CHENNAI
Summary
Senior-level Supply Chain and Operations leader with extensive experience in creating strategies and leading execution of all global supply chain activities, including procurement, manufacturing, and distribution management. Manages and leads cross-functional teams to drive product supply and productivity improvements. Leads risk mitigation, while driving supply chain strategies for end-to-end pipeline management and supply planning. Skilled in negotiation and strategic decision making, perfected by six years of experience in leading organizational business units.
Overview
10
10
years of professional experience
7
7
years of post-secondary education
1
1
Certification
Work History
Procurement Manager(Supply Planning & Inventory)
Vilcart Solutions Pvt Lid
8 2023 - Current
- Oversee the entire supply chain process, including procurement, logistics, and inventory management
- Develop and implement strategic initiatives to improve efficiency and reduce lead times
- Managing Central procurement Operations for south in terms of GRN to PO Process, Supplier Onboarding, Item Creation, Supplier Management, PO Creation and Payment processing
- Managing and overseeing the day-to-day Operational activities, Production efficiency, Quality management, Process Improvement and Inventory and Supply chain management.
- Coached team members on best practices in demand planning, inventory management, and procurement techniques.
- Implemented robust contingency plans for unexpected disruptions in the supply chain, ensuring business continuity and minimizing financial impacts.
- Analyzed market trends to proactively adjust supply chain strategies, maintaining a competitive edge in the industry.
- Managed team of planners and analysts to achieve organizational goals and support on-time delivery metrics.
- Optimized supplier base through consolidation efforts, reducing complexity while maintaining strong vendor relationships.
- Led continuous improvement initiatives, resulting in increased productivity and reduced lead times.
- Enhanced supply chain efficiency by implementing demand planning and forecasting strategies.
- Worked closely with sales, marketing, and operations departments to align supply chain activities with business objectives.
- Streamlined inventory management processes for improved cost control and reduced waste.
- Reduced stock discrepancies with thorough monitoring of inventory levels and timely resolution of issues.
- Analyzed inventory data to identify and address stock discrepancies.
- Participated in regular cycle counts to confirm accuracy of inventory records.
- Maintained high levels of customer satisfaction through efficient handling of orders, prompt issue resolution, and effective communication channels with clients.
- Coordinated with suppliers to guarantee timely delivery of inventory and materials.
- Managed relationships with vendors to ensure timely delivery of products while maintaining quality standards.
- Optimized supply chain processes by collaborating with suppliers, distributors, and transportation providers for seamless inventory management.
- Established re-order points and monitored supplier performance.
- Strengthened inventory processes to balance supply needs with budget and space limitations.
Senior Executive(Supply &Demand Planning)
Ntex Transportation Services Pvt Ltd(ElasticRun)
04.2021 - 7 2023
- Managed supply chain process, from order placement to delivery, to facilitate on-time and accurate fulfillment
- Developed accurate demand forecasts with the use of advanced analytics tools, resulting in better production planning.
- Negotiated contracts with suppliers, securing favorable terms and conditions for the company.
- Managed procurement activities, ensuring high-quality materials were purchased at competitive prices.
- Optimized inventory management for reduced stock shortages and improved order fulfillment rates.
- Implemented inventory-management strategies to maximize availability and decrease waste.
- Improved, standardized and documented planning and scheduling processes.
- Organized and maintained correct inventory levels to drive highest turns possible on inventory.
- Streamlined inventory management processes to reduce supply chain costs and improve efficiency.
- Reduced inventory levels and improved supply chain visibility using strategic initiatives.
Executive (Supply Planning & Inventory Planning)
Ntex Transportation Services Pvt Ltd(ElasticRun)
07.2019 - 03.2021
- Optimized inventory levels by implementing efficient supply planning strategies.
- Reduced stock discrepancies by closely monitoring inventory movement and promptly addressing any discrepancies.
- Minimized stockouts by diligently tracking reorder points for critical items and promptly placing orders as needed.
- Boosted accuracy in forecasting demand through comprehensive analysis of historical data and market trends.
- Enhanced customer satisfaction by ensuring optimal stock levels of high-demand items, minimizing instances of unfulfilled orders or delayed shipments.
- Improved supply chain visibility, proactively communicating with suppliers to address potential delays or shortages.
- Completed physical inventory counts each month.
- Developed inventory reports to provide management with comprehensive data on inventory levels.
- Monitored inventory to maintain sufficient supply levels to meet business and customer needs.
- Rejected damaged items, recorded shortages and corresponded with shippers to rectify issues.
Graduate Apprentice
WHEELS INDIA LIMITED, TVS GROUP, Chennai
08.2014 - 07.2015
- Decommissioned and recycled appropriate materials and projects after use
- Ordered appropriate consumables to maintain adequate stock levels and overall organization
- Inspected and calibrated equipment in line with pre-planned maintenance programs
- Participated in project-related meetings, workshops and team building activities
- Kept neat, organized records for completed work.
Education
Bachelor of AUTOMOBILE ENGINEERING -
SRIRAM ENGINEERING COLLEGE, ANNA UNIVERSITY Chennai
01.2010 - 05.2014
SSLC -
VELAMMAL MATRIC.HR.SEC. School - Panchetti
01.2007 - 05.2008
HSC -
VELAMMAL MATRIC.HR.SEC. School - Panchetti
01.2009 - 05.2010
Skills
Supply Chain Management
Certification
Certified Post Graduate Diploma in Management Hybrid (FMCG Sales & Distribution), Welingkar Univesity Mumbai, 2023
Timeline
Senior Executive(Supply &Demand Planning)
Ntex Transportation Services Pvt Ltd(ElasticRun)
04.2021 - 7 2023
Executive (Supply Planning & Inventory Planning)
Ntex Transportation Services Pvt Ltd(ElasticRun)
07.2019 - 03.2021
Graduate Apprentice
WHEELS INDIA LIMITED, TVS GROUP, Chennai
08.2014 - 07.2015
Bachelor of AUTOMOBILE ENGINEERING -
SRIRAM ENGINEERING COLLEGE, ANNA UNIVERSITY Chennai
01.2010 - 05.2014
HSC -
VELAMMAL MATRIC.HR.SEC. School - Panchetti
01.2009 - 05.2010
SSLC -
VELAMMAL MATRIC.HR.SEC. School - Panchetti
01.2007 - 05.2008
Procurement Manager(Supply Planning & Inventory)
Vilcart Solutions Pvt Lid
8 2023 - Current
Certified Post Graduate Diploma in Management Hybrid (FMCG Sales & Distribution), Welingkar Univesity Mumbai, 2023
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