Karthikraja R

• Conducted market research to identify new suppliers and evaluate their capabilities, leading to better-informed decision-making in procurement activities.
• Sourced and qualified bidders, obtained favorable pricing and finalized contracts.
• Negotiate contracts with vendors, securing best prices and terms for materials, equipment and services.
• Implemented category management plans to drive continuous improvements in sourcing effectiveness and efficiency.
• Optimized supplier selection process by conducting thorough risk assessments and evaluating potential partners based on performance criteria.
• Managed a portfolio of suppliers, ensuring compliance with contractual terms and conditions, as well as quality standards.
• Negotiated favorable contract terms with suppliers, securing advantageous pricing and payment structures for the organization.
• Coordinated with legal teams to review contracts, ensuring alignment with company policies and regulatory requirements while minimizing potential risks in supplier agreements.
• Improved cost savings by implementing strategic sourcing methodologies and analyzing market trends.
• Streamlined procurement workflows through close collaboration with internal stakeholders, resulting in improved efficiency and better alignment with organizational objectives.
• Consistently met or exceeded annual cost-saving targets by 10% by identifying opportunities for supplier consolidation or renegotiation of existing contracts.
• Leveraged data analytics tools to monitor spend patterns, identifying areas of opportunity for cost savings or process enhancements within supply chain.
• Increased on-time delivery rates by closely monitoring supplier performance and addressing potential issues proactively.
• Enhanced supplier relationships by establishing clear communication channels and conducting regular performance evaluations.
• Supported gross profit goals by negotiating and controlling costs, lead times, freight terms and purchase quantity requirements.
• Collaborated with finance, procurement and operations leaders on global sourcing projects.

• MRP driven demands, release, and maintenance of Purchase Orders
• Monitoring overdue, unconfirmed, expedition, defer and cancel orders with suppliers
• Established strong and lasting relationships with suppliers to attain long term mutually beneficial pricing structures.
• Implemented cost-saving measures, reducing overall expenses without compromising quality or functionality of deliverables.
• Developed division business plan to support corporate goals for total inventory, turn rates and aged inventory.
• Negotiated vendor payment terms and contract conditions to meet aggressive production and cost requirements.
• Created monthly and quarterly budget reports comparing projected costs with actual performance.
• Provided Requests for Information (RFIs) to potential suppliers for quotations on desired requirements.
• Maintains partnerships with whole supply chain to drive regular performance reviews against quality, cost and delivery.
• Implemented improvement initiatives to achieve inventory cost reductions and raw material delivery precision.
• Implemented vendor management system to track and evaluate supplier performance, reducing risk of supply chain disruptions.
• Ensured high-quality materials sourcing through supplier audits, quality checks, and thorough evaluation processes.
• Collaborated with engineering team to identify opportunities for material substitutions or design changes, ultimately reducing costs without compromising product performance.
• Achieved cost savings by negotiating contracts with suppliers and continuously monitoring market trends.
• Optimized inventory levels by analyzing usage patterns and forecasting future demand accurately.

• Generation of Purchase Indents, Purchase Requirements, Review of Purchase orders and preparation of Technical Recommendations.

• Having experience in RFQ and sourcing and rate negotiation of material locally.

• Knowledge in Should cost for sheet-metal,and machining process.

• Dealt with various commodities for certain period both direct and Indirect materials across market. (Line production and batch production consumables and manufacturing components)

• Recruited to procure consumables such as catalogue and machined products to maintain buffer stock.

• Prepare stock reconciliation on daily basis.

• Highlighting minimum & maximum stock data to management.

• Maintain project schedules, monitors project progress compared to schedule and report status to management.

• Follow up with suppliers to resolve quality related issues.

• Monitors on project and report status to management.

• Inward material storage in work place.• Categorized materials in form of Runners, Repeaters and strangers and deployed concept of MIN-MAX inventory.

•RFQ issuance to Bidders and evaluation of quotations

•Negotiation & Issuance of Purchase order & Change orders.

• Post order activities on project involving evaluating and verifying vendor’s work progress and performance, reviewing manufacturing schedule and negotiating priority activities, continuous expediting of project milestones.

• Review of Supplier’s weekly progress report, documentation and accordingly co-ordinate with concerned department to close out any outstanding issues.

• Co-ordinate with Logistics to ensure smooth dispatch of material. Interface with Engineering, Logistics, SQS, materials control & project management.

• Preparing detailed report on weekly basis-Highlights of week, MSR report, and report on critical items & bulk items of project & updating on weekly basis for client review.

• Generation of detailed Bill of Materials for all equipment's in consultation with engineering center.
• Generation of Purchase Order upon approval of Purchase Requisition.
• Ensuring timely receipt of Purchase orders and checked for QC and clearing bill pending payments on time.
• Framing of costing for individual components and assemblies.
• Sourcing of vendors for components manufacturing.
•Monitoring OTD and quality performance of suppliers.
• Active involvement in development process, proto build, validation of components.