Summary
Overview
Work History
Education
Skills
Accomplishments
Affiliations
Certification
Languages
Timeline
Generic

Bhushan Akkar

Pune,Maharashtra

Summary

Professional Sourcing and procurement specialist with strong track record in procurement and supply chain management. Known for building effective supplier relationships, negotiating favorable terms, and ensuring timely delivery of quality products. Highly collaborative, adaptable to changing needs, and consistently delivers results that drive organizational success. Skilled in strategic sourcing, contract management, and inventory optimization.

Overview

10
10
years of professional experience
1
1
Certification

Work History

Senior Buyer

JBT Marel
12.2022 - Current
  • Requirement evaluation, processing & RFQ floating along with technical data
  • Comparative study of techno-commercial offers received and present best option
  • Monitoring the procurement process from the order acknowledgment through the delivery.
  • Conducted regular meetings with key suppliers to discuss upcoming projects and review performance metrics.
  • Created reports on spending trends and identified areas where improvements could be made in the procurement process.
  • Monitored inventory levels to ensure adequate stock is available at all times.
  • Drafted purchase orders, reviewed invoices, and negotiated terms and conditions of agreements with vendors.
  • Worked closely with finance department personnel to reconcile payments and resolve billing disputes in a timely manner.
  • Researched potential new vendors, evaluated their capabilities, and established relationships with approved vendors.
  • Identified opportunities for cost savings through bulk purchases or alternative products and suppliers.
  • Monitored vendor performance metrics and addressed any issues in a timely manner.
  • Negotiated contracts with suppliers to secure the best prices for materials and services.
  • Negotiated contracts with suppliers to secure favorable terms and pricing.
  • Analyzed market trends to inform purchasing strategies and optimize inventory levels.
  • Developed and maintained strong supplier relationships to ensure quality and reliability.
  • Participated in continuous improvement initiatives, contributing ideas for more effective procurement processes.
  • Achieved cost savings by implementing strategic sourcing and supplier negotiations.
  • Developed strong relationships with suppliers, fostering collaboration and mutual growth.
  • Optimized inventory management practices, reducing excess stock and minimizing carrying costs.
  • Analyzed inventory usage and assessed trends to provide maximum coverage for each time period.
  • Enhanced supplier performance through regular evaluations and performance improvement plans.
  • Conducted thorough spend analysis to identify areas for potential cost savings and efficiencies.
  • Evaluated supplier proposals objectively, selecting partners based on total value rather than just price alone.
  • Oversaw and streamlined daily operations of purchasing department to maximize productivity and revenue.
  • Collaborated with buyers for special events and seasonal promotions to maintain adequate product stock and drive sales.
  • Managed vendor purchase order dispatch, delivery, and invoicing to set contractual guidelines and maintain budgetary regulations.
  • Negotiated favorable contracts with suppliers, securing optimal terms and pricing structures.
  • Implemented risk mitigation strategies to minimize potential disruptions in the supply chain.
  • Maintained up-to-date knowledge of industry trends, providing valuable insights to inform purchasing decisions.

Senior Procurement Executive

Hyundai Construction Equipment India
02.2022 - 12.2022
  • Develop, lead and execute purchasing strategies
  • Track and report KPIs to reduce the expenses and improve effectiveness
  • Perform cost and scenario analysis and benchmarking
  • Forecast price and market trends to identify changes of balance in buyer supplier power.
  • Reviewed purchase orders prior to release to verify accuracy of specifications and pricing.
  • Coordinated the selection process for qualified vendors based on criteria such as quality, reliability, cost-effectiveness.
  • Advised senior management on best practices for strategic sourcing initiatives.
  • Conducted market research activities to identify competitive pricing structures.
  • Created reports detailing purchase activity and budget information.
  • Established relationships with vendors to maximize value for the organization.
  • Built long-term relationships with company vendors and suppliers to secure optimal prices.
  • Collaborated with management to assess materials needs and look for improved options to better meet changing demands.
  • Developed and maintained relationships with key suppliers to ensure quality and reliability.
  • Led procurement strategies to optimize supply chain processes and reduce costs.
  • Collaborated with cross-functional teams to align procurement objectives with organizational goals.
  • Implemented strategic sourcing initiatives that enhanced supplier performance and compliance.

Senior Procurement Executive

Thyssenkrupp Industries India Pvt Ltd
02.2021 - 01.2022
  • Research, compare and evaluate vendors; get offers and negotiate contract terms of agreement and pricing
  • Process purchase requisitions; convert PR to PO; send PO to selected vendor
  • Material MTC Collection as per categories - IBR NIBR, ERW, MS, SS Grades.
  • Reviewed purchase orders prior to release to verify accuracy of specifications and pricing.
  • Implemented systems and processes that streamline procurement operations while reducing costs.
  • Coordinated the selection process for qualified vendors based on criteria such as quality, reliability, cost-effectiveness.
  • Established relationships with vendors to maximize value for the organization.
  • Researched and compared vendor and supplier prices to make informed financial decisions.
  • Analyzed price proposals, financial reports and other data to determine reasonable prices.
  • Led procurement strategies to optimize supply chain processes and reduce costs.
  • Developed and maintained relationships with key suppliers to ensure quality and reliability.
  • Collaborated with cross-functional teams to align procurement objectives with organizational goals.
  • Implemented strategic sourcing initiatives that enhanced supplier performance and compliance.
  • Managed a team of procurement professionals, providing guidance on complex sourcing projects and fostering career growth opportunities.
  • Conducted market research to stay informed on industry trends, applying insights into strategic sourcing decisions for competitive advantage.
  • Increased contract compliance by reviewing supplier performance regularly, ensuring adherence to terms and conditions.
  • Enhanced supply chain visibility, enabling proactive risk mitigation strategies and improved decision-making capabilities.
  • Developed procurement policies and procedures for consistent application across the organization, increasing compliance rates.
  • Strengthened relationships with key suppliers through regular communication, aligning business objectives for mutual success.
  • Established cross-functional teams for specific sourcing projects, fostering collaboration and ensuring alignment of procurement objectives with overall business goals.
  • Delivered procurement training programs for cross-functional teams, enhancing understanding of best practices and driving continuous improvement initiatives.

Supply Chain Officer

Accurate Industrial Controls Pvt Ltd
07.2020 - 02.2021
  • Conducted audits of suppliers to ensure compliance with safety regulations and quality standards.
  • Developed and implemented strategies to improve supply chain operations, resulting in a 15% reduction in costs.
  • Negotiated contracts with vendors to secure the best prices on materials and services.
  • Implemented new software systems for managing inventory levels, processing orders, and tracking shipments.
  • Coordinated activities between departments such as sales, production, finance, and warehousing to ensure efficient supply chain processes.
  • Ensured compliance with applicable laws and regulations regarding import and export activities.
  • Provided guidance on procurement policies and procedures across the organization.
  • Identified opportunities for improving efficiency throughout the entire supply chain cycle.
  • Monitored inventory levels and reordered supplies as needed to ensure product availability for customers.
  • Streamlined inventory management processes to enhance accuracy and reduce discrepancies.
  • Coordinated supply chain logistics, ensuring timely delivery of materials and products.
  • Analyzed vendor performance metrics to identify opportunities for cost reduction and efficiency improvements.
  • Facilitated regular communication between internal stakeholders and external partners, improving collaboration across the supply chain network.
  • Monitored supplier quality to identify potential issues.
  • Enhanced supplier performance evaluation processes, fostering a culture of continuous improvement among vendors and partners.
  • Implemented sustainable sourcing practices, reducing environmental impact while driving innovation within the organization''s procurement strategy.
  • Developed accurate demand forecasts, resulting in reduced stockouts and improved inventory turnover rates.
  • Designed effective warehouse layouts for optimal storage capacity utilization and efficient material handling processes.
  • Reduced lead times for product deliveries through optimizing logistics processes and establishing strong vendor relationships.
  • Implemented advanced planning tools to optimize production schedules based on demand forecasts and available resources.
  • Collaborated with cross-functional teams to improve overall operational performance and customer satisfaction levels.
  • Implemented continuous improvement initiatives within the supply chain, leading to increased efficiency and cost savings.
  • Organized training programs to develop staff competencies in various aspects of supply chain management, enhancing team capabilities and expertise levels.
  • Conducted regular vendor audits to ensure compliance with quality standards, ethical practices, and contractual obligations.
  • Negotiated favorable contracts with suppliers, achieving significant cost reductions without compromising on quality or service levels.

Purchase Executive

Deccan Environmental Consultants
04.2018 - 07.2020
  • PR to PO conversion and cost estimation
  • Assess supplier performance for quality, cost, delivery
  • Responsible For MS, Steel Sheets Fabrication.
  • Established effective working relationships across departments to coordinate procurement processes.
  • Reviewed requisitions submitted by internal customers to determine appropriate product specifications.
  • Monitored supplier performance to ensure timely deliveries of goods and services in accordance with quality standards.
  • Ensured compliance with company policies and procedures regarding purchasing activities.
  • Researched and evaluated potential suppliers to determine most cost-effective solutions.
  • Identified areas for improvement in the procurement process to increase efficiency and reduce costs.
  • Evaluated vendor quotes against established criteria such as price, quality level, delivery timescales and service levels.
  • Reviewed existing contracts periodically for renewal or renegotiation purposes.
  • Conducted periodic reviews of supplier performance metrics such as on-time delivery rate, quality rating.
  • Developed relationships with key vendors to facilitate efficient communication and collaboration for procurement activities.
  • Negotiated contracts with outside providers to minimize costs to company and customers.
  • Developed and maintained supplier relationships, enhancing collaboration and improving service delivery metrics.
  • Coordinated inventory management systems to streamline stock levels and reduce excess waste in procurement operations.
  • Analyzed market trends to identify potential vendors, ensuring competitive sourcing strategies were implemented effectively.
  • Worked closely with suppliers for service level agreement compliance and effective logistics support.
  • Monitored open purchase orders for on-time delivery and mitigated potential problems with carriers and logistics companies for timely resolution.
  • Collaborated with cross-functional teams to identify opportunities for cost savings and process improvements in procurement activities.
  • Continuously monitored industry trends and competitor activities to identify potential opportunities for cost savings or product innovation.
  • Leveraged advanced analytical tools to assess purchasing patterns and provide actionable insights for improved decision-making processes within the company.
  • Monitored supplier performance against contractual standards and implemented continuous improvement actions impacting costs and performance.
  • Reviewed purchasing department activities to evaluate opportunities for cost savings and efficiency improvements.
  • Facilitated continuous improvement programs to automate, delegate and eliminate tactical, non-value-added tasks.
  • Purchased new products and oversaw inventory stocking and availability.
  • Negotiated pricing and terms with vendors to secure best value for company.
  • Progressed through various purchasing, warehousing and leadership roles.
  • Monitored and evaluated vendor performance to determine compliance with quality standards.
  • Established and maintained accurate records of purchases, pricing and payment terms.
  • Managed procurement processes to ensure timely and cost-effective acquisition of environmental consulting materials.
  • Negotiated contracts with suppliers, optimizing terms for quality and pricing aligned with project needs.
  • Negotiated with vendors to procure best prices and quickest service for equipment and supplies.
  • Implemented process improvements that increased efficiency in purchase order workflows and reduced turnaround times significantly.
  • Assisted in budget development by providing detailed forecasts of anticipated expenditures based on historical data analysis.
  • Directed preparation of purchase orders or bid requests to meet material needs for production operations.
  • Developed strong relationships with key suppliers, fostering long-term partnerships and ensuring timely delivery of products.

Purchase Executive

Perfectto Engineering
02.2016 - 01.2018
  • MS sheet procurement, fabrication & delivery
  • Supplier relationship management
  • Procure to pay cycle.
  • Established effective working relationships across departments to coordinate procurement processes.
  • Monitored supplier performance to ensure timely deliveries of goods and services in accordance with quality standards.
  • Evaluated vendor quotes against established criteria such as price, quality level, delivery timescales and service levels.
  • Prepared reports on purchases including cost analyses, inventory control reports and price lists.
  • Led sustainability initiatives in procurement practices to support environmental and social goals.
  • Developed and maintained an up-to-date database of suppliers, products, and prices.
  • Negotiated contracts with suppliers to secure advantageous terms.
  • Analyzed trends in supplier pricing to secure the best deals and maintain cost control.
  • Managed and mentored purchasing department staff to enhance team performance.
  • Formulated and implemented annual purchasing plans and contracts, covering OEM, import, ingredients, materials and equipment.
  • Introduced new incentive and recognition supplier programs.
  • Collected documentation to assemble new purchase order contract folders.
  • Managed procurement processes to ensure timely and cost-effective acquisition of environmental consulting materials.
  • Negotiated contracts with suppliers, optimizing terms for quality and pricing aligned with project needs.
  • Developed and maintained supplier relationships, enhancing collaboration and improving service delivery metrics.
  • Coordinated inventory management systems to streamline stock levels and reduce excess waste in procurement operations.
  • Developed strong relationships with key suppliers, fostering long-term partnerships and ensuring timely delivery of products.
  • Directed preparation of purchase orders or bid requests to meet material needs for production operations.
  • Assisted in budget development by providing detailed forecasts of anticipated expenditures based on historical data analysis.
  • Modified price levels, availability and markets for competitive company advantage.
  • Coordinated product inspections, returns, and replacements with suppliers as needed to maintain quality control standards throughout the supply chain.
  • Managed the end-to-end procurement process, from purchase order creation to payment processing, ensuring accurate documentation and timely execution.
  • Analyzed historical purchasing data to forecast demand trends and inform future procurement planning.
  • Reviewed bid proposals and negotiated contracts within budgetary limitations and scope of authority.
  • Reduced costs for the organization by optimizing purchasing strategies and supplier relationships.
  • Increased overall performance of the supply chain through strategic assessment and analysis of suppliers.
  • Tracked movement of raw materials and subcontracted goods and reconciled inventory.
  • Collaborated with cross-functional teams to identify opportunities for cost savings and process improvements in procurement activities.
  • Worked closely with suppliers for service level agreement compliance and effective logistics support.
  • Assessed quality standards and encouraged suppliers to integrate standards with company objectives.
  • Monitored open purchase orders for on-time delivery and mitigated potential problems with carriers and logistics companies for timely resolution.
  • Coordinated paperwork, updated spreadsheets, and maintained permanent records.
  • Monitored and evaluated vendor performance to determine compliance with quality standards.

Education

PG diploma in Piping Engineering - Piping Engineering

Vishwakarma Institute of Technology
Pune, India
01-2016

Bachelors in Mechanical Engineering - Mechanical Engineering

University of Pune
Pune
07.2015

Skills

  • Experience with SAP MM module
  • Experience with MS Navision software
  • Proficient in strategic procurement
  • Supplier management
  • Process optimization
  • Supplier sourcing
  • Detailed cost assessment
  • Effective negotiation
  • Supply chain management
  • Effective communication
  • Skilled in using Office Suite tools
  • Enterprise resource planning
  • Cost-effective procurement
  • Supplier contract negotiations
  • Targeted procurement strategies
  • Vendor negotiation expertise
  • International sourcing
  • Procurement compliance documentation
  • Quantitative analysis skills
  • Strategic supplier engagement
  • Data-driven decision making
  • Cost optimization strategies
  • Demand forecasting
  • Spend analysis
  • Supply chain optimization
  • Supplier negotiations
  • Supplier relationship management
  • Global procurement
  • Vendor coordination
  • Pricing negotiations
  • Purchase order management
  • Continuous process improvements
  • Multi-tasking strength
  • Cost control

Accomplishments

  • Sincere Employee of the Year Award 2018

Affiliations

  • Voice Over Artist

Certification

  • SAP MM HANA
  • MS NAVISION
  • ORACLE ERP
  • Primavera
  • CATIA 5
  • AutoCAD 2016

Languages

English
Proficient (C2)
C2
Hindi
Proficient (C2)
C2
German
Beginner
A1
Marathi
Bilingual or Proficient (C2)

Timeline

Senior Buyer

JBT Marel
12.2022 - Current

Senior Procurement Executive

Hyundai Construction Equipment India
02.2022 - 12.2022

Senior Procurement Executive

Thyssenkrupp Industries India Pvt Ltd
02.2021 - 01.2022

Supply Chain Officer

Accurate Industrial Controls Pvt Ltd
07.2020 - 02.2021

Purchase Executive

Deccan Environmental Consultants
04.2018 - 07.2020

Purchase Executive

Perfectto Engineering
02.2016 - 01.2018

PG diploma in Piping Engineering - Piping Engineering

Vishwakarma Institute of Technology

Bachelors in Mechanical Engineering - Mechanical Engineering

University of Pune

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Bhushan Akkar