Prateek Diwan
Strategic Sourcing Procurement Professional
Faridabad
Summary
9 years of experience in sourcing and negotiation.
Excels in fast-paced and highly-regulated environments, driving competitive agreements and partnerships to decrease costs and increase value.
Overview
9
9
years of professional experience
10
10
years of post-secondary education
3
3
Languages
Work History
Supply Chain Manager & Strategic Sourcing
Strabag International GmbH
09.2021 - Current
- Evaluated supplier quotes based on purchasing procedures and competitiveness in quality, price and delivery.
- Developed and maintained relationships with key suppliers for smooth communication and to meet required expectations.
- Reviewed and issued contracts and blanket purchase orders after choosing ideal vendor and drive procurement process.
- Negotiated for Contract ( Tunnels Jammu & Kashmir Quazikund ) in best of margin.
- Negotiated for Contract ( NCRTC :- RRTS high Speed rail ) ECS TVS work in best of margin .
- Negotiated for Contract ( Agra Metro Rail) ECS TVS work in best of margin .
- Drove sales growth in bringing new contract.
- Authorized purchase orders and consumables through navision Software .
- Generated weekly, monthly, quarterly and yearly reports on purchasing operations.
- Reduced costs by streamlining contract bidding and procurement processes to assure best prices for materials and services.
- Developed and maintained relationships with key suppliers for smooth communication and to meet required expectations.
- Evaluated supplier quotes based on purchasing procedures and competitiveness in quality, price and delivery.
- Reviewed and issued contracts and blanket purchase orders after choosing ideal vendor and drive procurement process.
- Integrated financial and operation plans with strategic objectives to deliver improved operational and financial results to boost customer satisfaction, profitability, and working capital.
- Increased global supply chain efficiency and development by leading cross-functional teams and enabling supplier integration and management technology tools, upgrades.
Assistant Manager Procurement
Bluestar Ltd, Gurugram Haryana
01.2018 - Current
- Understanding Scope of Work as per Purchase Requisition received from User for material supply, installation& annual maintenance Contracts.
- Studying Tender Received / Design BOQ received in detail and reviewing contract review format.
- Value Engineering in order to optimize cost and time with desired quality with desired timelines for turnkey contracts for supply and services.
- Floating RFQ to all potential vendors, getting offers as per specifications in Statement of Technical Requirement received.
- Technical Evaluation of all potential Vendors / Contractors and shortlisting of vendors as per Technical Evaluation Report received from Technical Team.
- Directing execution of package philosophy, procurement strategy, new vendor development cost saving strategy.
- Analyzing Technical & Commercial offers with respect to Internal Estimation prepared and Last Purchase Price (LPP) of material of similar nature.
- Evaluation of commercial offers, conducting reverse auction with technically qualified vendors and further negotiation with vendors/contractors to decide on rates.
- Contract Negotiation and finalization of Special contract terms & condition as per organization guidelines.
- Order booking for Purchase Requisition and initiation of material procurement & ensure deliveries within deadlines.
- Preparation of proposal for final sign off/approval of all concerned authorities/departments and release of purchase orders to technically qualified Lowest Bidder.
- Co-ordination with taxation team, finance and legal team for resolution of queries if any as per set process.
- Coordination for getting design documents from vendors, approval from technical team within set timelines and issue of NTP (Notice to Proceed) for production.
- Overall responsibility of material supply and services to support site installation work in order to achieve set milestones as per project planning for Turnkey contracts Monitor financial performance of jobs by tracking planned vs actual Budget variation and accordingly take learnings ahead for future costing of any tender.
- Vendor development and resource planning as per business plans / forecasted billing targets.
- To develop new vendors/contractors and maintain good professional relationship with existing to achieve timely delivery with desired quality within budgeted cost for all project requirements.
- Frequent project site visits to enhance technical knowledge which certainly benefits for effective negotiation.
- Post-order monitoring of all orders issued to various vendors to achieve desired objectives of project completion on time.
- Co-ordination with stores for GRN (Goods Receipt Note) and payment recommendation to finance/accounts team.
- Support to Business Development Team to bid for new projects and Documentation for all orders released for future reference.
- Sourced vendors, built relationships and negotiated prices.
- Purchased new products and oversaw inventory stocking and availability.
- Performed monthly reconciliation of open purchasing orders.
- Organized receipts, purchases and documentation of finished goods, packaging, materials and ingredients.
- Solved diverse supply chain problems involving numerous sources, logistics and scheduling factors.
- Used SAP to authorize and monitor purchase orders and consumables.
- Generated timeframe reports, documents and analysis in SAP for senior management review and approval.
- Decreased material expenses by 14.2 % by managing tracking and supply.
Purchase Engineer
Eta Engg Pvt Ltd, Ahmedabad Gujarat
09.2015 - 01.2018
- Perform procurement of all MEP material in accordance with company policies, procedures and ethical standards.
- Study scope of work of project & tender construction drawings.
- Preparation of Project Specific Vendor List for approval of Client.
- Preparation of Project Specific Procurement and Subcontract procedure for approval of Client.
- Pre- qualification of potential suppliers not appearing in approved vendor list.
- Compiling of Bid packages and issue Request for Quotation (RFQ).
- Receiving of Bids and preparation of commercial bid summary to arrive at purchasing Strategy.
- Arrange pre- award technical meetings involving Engineering, project manager and supplier representative to freeze technical requirements.
- Conduct price and commercial negotiation to optimize purchases within budgeted amount.
- Arrange material submittals & sample for consultant approval.
- Develop & maintain project Procurement plan.
- Preparing Subcontract Agreements, Supply agreement, Purchase Order & LOI to vendors.
- Arrange & participate in conferences with engineers, suppliers & inspectors to facilitate material inspection, delivery & payment realization.
- Booking bill in ERP once GRN is received.
Education
MBA - Supply Chain Management
Delhi School of Management ( DTU )
New Delhi ,India 08.2022 - Current
Bachelor of Engineering - Mechanical & Automation Engineering
Amity University Noida
Noida Uttar Pradesh, India 05.2015 - 06.2023
Skills
Procurement
Profile Summary
- Currently associated with Efkon India (100 % subsidiary of Strabag GmbH) as a Manager Procurement .
- Holds a 9 years of demonstrable track record of creating and implementing the company's sourcing & procurement.
- Track record of handling procurement of MEP commodities like chillers ,pumps ,motors ,compressors,pumps,VRV & Refrigerant.
- My Niche revolves around cost-reduction, negotiation & vendor selection that delivers substantial cost savings.
Skills & Achievements
- Spearheaded a cross-functional team initiative, involving procurement and product development, resulting in a 35% reduction in costs within a year.
- Managed global sourcing operations, leading to an enhanced supplier base and a 25% augmentation in supply chain efficiency.
- Conducted comprehensive spend analyses to identify potential opportunities, leading to a consequent 20% annual savings.
- Negotiated contract terms with key suppliers, reducing procurement costs by 30% and improving Supplier Evaluation methods.
- Implemented continuous improvement methodologies in sourcing operations, improving overall efficiency by 20%.
Achievements
· Managed Key vendors, identified possibilities of cost saving and released Purchase Orders of INR 190 Crores in FY 2020-21.
· Achieved saving of 14.2% with respect to budget allocated for packages hand.
Timeline
MBA - Supply Chain Management
Delhi School of Management ( DTU )
08.2022 - Current
Supply Chain Manager & Strategic Sourcing
Strabag International GmbH
09.2021 - Current
Assistant Manager Procurement
Bluestar Ltd, Gurugram Haryana
01.2018 - Current
Purchase Engineer
Eta Engg Pvt Ltd, Ahmedabad Gujarat
09.2015 - 01.2018
Bachelor of Engineering - Mechanical & Automation Engineering
Amity University Noida
05.2015 - 06.2023
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