CHAITHRA SHETTY
Bengaluru
Summary
Seasoned Procurement Professional with background in strategic sourcing, supplier relationship management, and cost optimization. Skill set includes negotiation, risk management, and contract administration. Proven ability to streamline processes, increase efficiency, and achieve cost savings for organizations. Committed to promoting ethical procurement practices and fostering strong supplier relationships. Resourceful professional in procurement management, known for high productivity and efficient task completion. Possess specialized skills in vendor negotiations, inventory management, and cost reduction strategies. Excel using communication, problem-solving, and organizational abilities to meet tight deadlines and manage complex purchasing processes. Goal-oriented Procurement Officer adept at balancing supply needs with budget and operational requirements. Good researcher and multitasker with excellent judgment. Looking for a challenging role in a fast-paced environment.
Overview
7
7
years of professional experience
1
1
Certification
Work History
Procurement Professional
IBM
Bengaluru
03.2024 - Current
- Negotiated and finalized vendor contracts in order to optimize pricing structures and delivery schedules.
- Cultivated productive relationships with suppliers and maintained open communication.
- Assessed department needs and implemented plans for sourcing supplies.
- Identified areas where improvements can be made in order to streamline the overall procurement process.
- Drafted solicitations including requests for quotations, requests for proposals.
- Advised staff on appropriate purchasing methods based on organizational needs.
- Collaborated with finance team in order to manage budgets effectively while ensuring cost savings opportunities were maximized.
Procurement Team Lead
ELASTIC RUN
Bengaluru
05.2021 - 10.2023
- Coordinated with other departments such as Logistics and Quality Assurance regarding supplier selection criteria.
- Examined, selected and purchased merchandise consistent with specification requirements.
- Negotiated product prices, discounts and shipping incentives with vendors.
- Stayed abreast of market trends and anticipated consumer needs and purchasing habits.
- Reviewed existing contracts for renewal opportunities or areas for improvement.
- Provided guidance on best practices for purchasing materials and services.
- Tracked product and supply inventories and reported findings to supervisors.
- Maintained records of all purchases, invoices, contracts. for audit purposes.
- Negotiated prices with vendors to secure the most competitive rates possible.
Senior Procurement Executive
SQUARE FOOT
Bengaluru
07.2020 - 03.2021
- Managed supplier evaluation process to ensure compliance with quality standards.
- Developed and implemented procurement strategies to ensure cost-effective purchases of goods and services.
- Created reports detailing purchase activity and budget information.
- Performed data analysis on financial trends and presented findings to supervisors to brainstorm process improvements.
- Received and reviewed department supply requisitions and placed appropriate orders based on need and available funds.
- Delegated tasks to procurement teams to expedite work processes.
- Reviewed purchase orders for accuracy and compliance with company policies.
- Analyzed price proposals, financial reports and other data to determine reasonable prices.
- Researched new products, technologies, and services to determine cost savings opportunities.
- Reviewed purchase orders prior to release to verify accuracy of specifications and pricing.
- Prepared daily, weekly and monthly procurement reports for supervisor review.
- Maintained and reviewed computerized or manual records of purchased items, costs and inventories.
Procurement Executive
SAMEEKSHA ENTERPRISES
Bengaluru
10.2017 - 04.2020
- Prepared daily, weekly and monthly procurement reports for supervisor review.
- Performed risk assessments and forecasts on potential contracts and business decisions.
- Located and vetted vendors, established good relationships and negotiated contracts.
- Identified systematic problems and root causes to resolve issues and improve service delivery.
- Collaborated with internal stakeholders to determine purchasing needs and negotiate prices.
- Analyzed market and delivery systems to determine present and future material availability.
- Researched and compared vendor and supplier prices to make informed financial decisions.
- Tracked company inventories and recorded item quantities in company databases.
- Developed strategies for procuring goods and services in compliance with organizational policies and procedures.
- Researched potential suppliers to ensure they met organizational requirements.
- Interfaced with senior management teams on issues related to sourcing decisions or contract negotiations.
- Managed inventory levels by monitoring stock levels and ordering supplies as needed.
- Investigated discrepancies between invoices and purchase orders and contracts.
- Prepared purchase orders based on approved requisitions.
Education
BBA -
Karnataka State Open University Mysore
Distance Education -Pursuing01-2025
Diploma - Electronics And Communications Engineering
Board of Technical Education, Bengaluru
Karnataka Polytechnic Mangalore04-2016
Skills
- Vendor management
- Contract negotiation
- Data analysis
- Supplier evaluation
- Team coordination
- Strategic sourcing
- Procurement planning
- Team management
- Inventory management
- Negotiation and Persuasion Abilities
Accomplishments
- Star of the Month (ElasticRun) for the additional contributions, other than KRA
- GEM-INDIVIDUAL (ElasticRun) is awarded quarterly for the quality of performance
Certification
- Welingkar Institute: Supply Chain and Materials Management Course, Mumbai|2023
Languages
Kannada
First Language
English
Upper Intermediate (B2)
B2
Hindi
Upper Intermediate (B2)
B2
Telugu
Intermediate (B1)
B1
Tools Used
- ERP Systems: SAP S/4HANA and ERPNext
- Ticketing tools: JIRA, ServiceNow, and OTRS
- Reports: MS Excel, PowerPoint, and Power BI
Timeline
Procurement Professional
IBM
03.2024 - Current
Procurement Team Lead
ELASTIC RUN
05.2021 - 10.2023
Senior Procurement Executive
SQUARE FOOT
07.2020 - 03.2021
Procurement Executive
SAMEEKSHA ENTERPRISES
10.2017 - 04.2020
BBA -
Karnataka State Open University Mysore
Diploma - Electronics And Communications Engineering
Board of Technical Education, Bengaluru
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