Praveen Sreeramdas
Hyderabad
Summary
Resourceful Procurement Assistant with experience in sourcing and purchasing quality goods at optimal prices, contract negotiation, and inventory management. Demonstrated strength in supplier relationship management, strategic procurement planning, and cross-functional team collaboration. Made significant improvements to cost-efficiency and vendor relations in previous employment through effective procurement strategies.
Overview
18
18
years of professional experience
Work History
Procurement Assistant
Trouw Nutrition India Pvt Ltd
Jadcherla
04.2023 - Current
- Assisted in reviewing and analyzing potential vendors to determine the most suitable for procurement of goods and services.
- Prepared purchase orders, requisitions and other documents related to purchasing activities.
- Maintained accurate records of all purchases, invoices and payments.
- Conducted research on competitive pricing and product availability.
- Negotiated with suppliers regarding quality, price, delivery terms and payment terms.
- Coordinated with internal stakeholders to ensure timely delivery of products and services.
- Developed strategies to reduce costs while maintaining high standards of quality.
- Interacted regularly with vendors to discuss performance issues or new opportunities.
- Ensured that all purchases are made according to company policies and procedures.
- Monitored supplier compliance with contractual requirements.
- Researched new sources for supplies when necessary.
- Managed inventory levels by monitoring usage trends and placing orders accordingly.
- Analyzed past spending data to identify areas where savings could be achieved.
- Followed up on outstanding payments from customers in a timely manner.
- Provided support in resolving disputes arising from incorrect shipment or defective items.
- Contacted vendors to determine order status and communicate discrepancies with shipments.
- Analyzed vendor performance, reviewed compliance, and communicated corrective action requirements to vendors.
- Conducted market research to determine appropriate pricing.
- Collaborated with other departments to assess company purchasing needs.
Senior Procurement Executive
The Waterbase Limited
Chennai
04.2016 - 03.2023
- Developed and implemented procurement strategies to ensure cost-effective purchases of goods and services.
- Negotiated with suppliers on pricing, terms, delivery schedules, payment methods.
- Analyzed current purchasing practices and identified areas for improvement.
- Established relationships with vendors to maximize value for the organization.
- Managed supplier evaluation process to ensure compliance with quality standards.
- Monitored vendor performance to ensure timely delivery of materials and services.
- Created reports detailing purchase activity and budget information.
- Conducted market research activities to identify competitive pricing structures.
- Maintained accurate records of all procurement transactions in accordance with company policies and procedures.
- Researched new products, technologies, and services to determine cost savings opportunities.
- Reviewed purchase orders prior to release to verify accuracy of specifications and pricing.
- Implemented systems and processes that streamline procurement operations while reducing costs.
- Identified alternative sources of supply when necessary due to availability issues or price fluctuations.
- Advised senior management on best practices for strategic sourcing initiatives.
- Coordinated the selection process for qualified vendors based on criteria such as quality, reliability, cost-effectiveness.
- Built long-term relationships with company vendors and suppliers to secure optimal prices.
- Developed procurement budgets to reduce unnecessary expenditures.
- Prepared daily, weekly and monthly procurement reports for supervisor review.
- Tracked company inventories and recorded item quantities in company databases.
- Negotiated, renegotiated and administered contracts with suppliers and vendors.
- Maintained and reviewed computerized or manual records of purchased items, costs and inventories.
Commercial Executive
Ashrae Clean Room Presentation
Hyderabad
09.2012 - 04.2015
- Negotiated and finalized contracts with vendors for supply of materials.
- Reviewed customer feedback to identify areas needing improvement in product delivery services.
- Created and managed Goods Received Notes (GRN) and Material Issue Notes (MIN) in alignment with standard operating procedures, overseeing daily store operations.
- Oversaw tasks including verifying delivery challans, exercising control over dispatches, coordinating with transportation, and handling petty cash management.
- Received materials, indents, and requisitions from multiple departments, effectively coordinating their procurement processes.
- Spearheaded initiatives to secure quality approvals from relevant departments for materials received.
- Compiled an inventory of slow-moving and non-moving items, ensuring stock issues were managed using the First-In-First-Out (FIFO) approach.
- Successfully facilitated the submission of excise returns on a quarterly basis.
Administrative Assistant
Base Corporation Limited
Jamshedpur
07.2006 - 08.2012
- Maintained all pre-order procedures and created all sales proposals for orders received in software.
- Managed payment recovery, outstanding bills, and issued debit and credit notes.
- Rendered contributions in rate negotiation of transporters and forwarders, and order processing and report generation of inbound and outbound logistics.
- Maintained office supplies inventory by checking stock to determine inventory level; anticipating needed supplies; placing and expediting orders for supplies.
- Processed invoices for payment using accounting software applications.
Education
Bachelor of Science - Chemistry
EIILM
JamshedpurPG Diploma - Material Management
Indian Institute of Material Mangement
ChennaiSkills
- Cost analysis
- Invoice preparation
- Invoice verification
- Quote evaluations
- Item research
- Supplier liaison
- Supplier relationship management
- Inventory management
Languages
Telugu
First Language
English
Upper Intermediate (B2)
B2
Hindi
Proficient (C2)
C2
Technical Skills
· Tally ERP 9
· Infor M3
· Focus
· SAP – MM
Timeline
Procurement Assistant
Trouw Nutrition India Pvt Ltd
04.2023 - Current
Senior Procurement Executive
The Waterbase Limited
04.2016 - 03.2023
Commercial Executive
Ashrae Clean Room Presentation
09.2012 - 04.2015
Administrative Assistant
Base Corporation Limited
07.2006 - 08.2012
Bachelor of Science - Chemistry
EIILM
PG Diploma - Material Management
Indian Institute of Material Mangement
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