Nikhil Watts
Nabha, Patiala,INDIA
Summary
An approach-driven Procurement Lead with an extensive 7 years' experience in sourcing, purchasing and procurement of FMCG & DBE. Confidence in maximising profit by maintaining fills and availability. Seeking further opportunities in business management in order to enhance my entrepreneurial knowledge and feed my personal growth.
Overview
7
7
years of professional experience
Work History
Senior Purchase Lead
BUNDL TECHNOLOGIES PVT. LTD
Chandigarh , India
2021.09 - Current
- Responsible for availability of assigned stock categories demonstrate leadership via leading team of 10 colleagues.
- Singlehandedly take initiative in ordering stock according to observed sale patterns, under optimum time.
- Highest level of responsibility via maintaining stock availability and reaching targets managing inventory levels at warehouse as well as POD's achieved availability of 100% and 92% in FMCG & DBE category respectively during year 2022
- Assessed product availability against demand to achieve acquisition and delivery targets.
- Updated matrixes with product cost changes to facilitate accurate budgeting.
- Negotiated contracts, prices and timelines to achieve maximum ROI on purchasing choices.
- Reviewed and renegotiated key contracts to maintain cost-effectiveness.
- Coordinated store and production teams to meet specified delivery requirements.
- Produced periodic reports outlining purchasing operations and recommending improvements.
- Implemented Corrective and Preventative Actions (CAPA)s to enhance stock quality assurance procedures.
Senior Purchaser
FUTURE GROUP
Ludhiana , Punjab
2020.05 - 2021.09
- Managed 200-250 purchase orders weekly using S.A.P ( Systems, Applications & Products in Data Processing).
- Reduced indirect costs by 4-6% by sourcing new direct suppliers.
- Assessed and mitigated supply chain risks through internal audits, contractual clauses and supplier action plans.
- Approving the PO’s procuring from more than 120 suppliers.
- Achieved fill rate of 97% against sales, as well as the milestone of 100 Millions of monthly retail sale in 9 times between 2020 - 2021
- Ensured price maintenance and adequate stock cover through regular checks.
- Expertly negotiated shipment dates and rates using negotiation skills to achieve lowest expense.
- Oversaw budget to meet organizational purchasing needs for smooth operations.
- Generated forecasting models to predict supply and demand, using results to inform purchasing decisions.
- Conducted inspection policies to verify quality of raw materials and finished goods.
Purchase Executive
Future Group
Ludhiana , Punjab
2017.03 - 2020.05
- Actioned quality non-conformance within defined timeframes to minimize revenue loss.
- Assessed product availability against demand to achieve acquisition and delivery targets.
- Analysed and reduced risk within supply chain to protect robust flow of inventory.
- Monitored logistics to identify bottlenecks, implementing process changes to raise efficiency while maintaining high standards.
- Established and managed relationships with new and existing suppliers to strengthen supply chain.
- Implemented Corrective and Preventative Actions (CAPA)s to enhance stock quality assurance procedures.
Senior Accountant
PARDEEP K. SHARMA & Co
Ludhiana , Punjab
2016.01 - 2017.03
- Managing income tax returns, Balance Sheets, Audit Reports and executing audits of the Firms and
- Managed companies tax planning of Individuals, Companies, Partnerships and Firms with legal ways & handling more than 2500 customers
- Accurately documented all cash, credit, fixed assets, accrued expenses and line of credit transactions.
- Managed entire accounting cycle from data collection and analysis to HMRC lodgment.
- Generated and presented monthly financial statements to senior management.
- Prepared monthly profit and loss, balance sheet and cash flow reports with exceptional accuracy.
- Partnered with auditors to prepare yearly audits and ensure compliance with governmental tax guidelines.
- Led team of (6) staff to achieve goals through proactive planning and coaching.
Education
Master of Business Administration - Business Administration
Symbiosis International University
PuneBachelors of Commerce - Commerce
GSSDGS Khalsa College
Patiala, Punjab2016
Certificate of Higher Education - Commerce
Dayanand Public School
Nabha2013
Matriculation -
Dayanand Public School
Nabha2010
Skills
- Self taught MS Excel, to an excellent standard
- Excellent communicative and interpersonal skills
- Excel proficiency
- Ability to work under high-pressurized environments
- Competitor analysis
- Goods procurement
- Profit and loss understanding
- Procurement expertise
- Vendor sourcing
- Strategic planning
- Contract Negotiation
Languages
Hindi
Native
Punjabi
Native
English
Upper intermediate
Timeline
Senior Purchase Lead
BUNDL TECHNOLOGIES PVT. LTD
2021.09 - Current
Senior Purchaser
FUTURE GROUP
2020.05 - 2021.09
Purchase Executive
Future Group
2017.03 - 2020.05
Senior Accountant
PARDEEP K. SHARMA & Co
2016.01 - 2017.03
Master of Business Administration - Business Administration
Symbiosis International University
Bachelors of Commerce - Commerce
GSSDGS Khalsa College
Certificate of Higher Education - Commerce
Dayanand Public School
Matriculation -
Dayanand Public School
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