Rajeshkumar Venkatesan

• Developed and maintained relationships with customers and suppliers through account development.
• Maximized performance by monitoring daily activities and mentoring team members.
• Communicated clearly with employees, suppliers and stakeholders to keep everyone on same page and working toward established business goals.
• Negotiated policies and contracts with vendors to achieve optimal pricing and consistent availability.
• Planned and budgeted accurately to provide business with resources needed to operate smoothly.
• Developed and implemented business strategies to achieve business goals and stay competitive.
• Maintained and reviewed computerized records of items purchased and costs associated with purchases.
• Researched suppliers based on availability, quality, selection and price.
• Controlled costs to keep business operating within budget and increase profits.

• Developing, leading and executing purchasing strategies
• Ensuring compliance to company Purchasing Guidelines and systems
• Tracking and reporting key functional metrics
• Crafting negotiation strategies and closing deals with optimal terms
• Finalizing purchase contracts with legal and finance team concurrence.
• Liaising with internal and external departments
• Monitor and forecast upcoming levels of demand
• Vendor development and Vendor localization for Direct and Indirect materials.
• Maintaining and developing an approved suppliers list
• Monitoring and managing supplier performance.
• Assisting with following up overdue accounts for payments.

Worked as Buyer Specialist from January 2015 - December 2015

• Hands on Experience in purchasing of NPI, Mass Production,SMI & JIT materials of various commodities.
• Understand Material Requirements Planning (MRP) and action on all Purchase requisitions and releasing PO to suppliers
• Expediting, pull in, push out and cancellation of open purchase orders according to Production plan.
• Monitoring data management to keep accurate product, contract, pricing and invoicing information
• Responsible for Inventory management (ITO) and ensure optimum utilization of materials
• Coordinating with WH for goods receipts, resolving receiving discrepancies
• Material Review Board (MRB), Return to Vendor (RTV) process
• Supporting logistic operations viz., Sea freights, Air freight & inland transportation up to factory warehousing
• Working effectively with AP team for on time payment for critical suppliers to avoid any risk in supplies (Especially in quarter end).

Worked as Junior Buyer from April 2012 - October 2014

• Ownership of buying and sourcing processes leading to success in the key areas of negotiations, vendor management and purchasing lifecycle management
• Manage supplier qualification, supplier selection, RFQ process, contract development, implementation and compliance
• Calculated and reported actual and projected sourcing savings by spend categories.
• Bill of Material analysis & Price finalization for Procurements
• Manage material supply, Risk Mitigation Plans against Supplier Ramp Up Plans and provide flexible material supply to support business goals
• Supplier performance monitoring on Delivery & Quality
• First Article Inspection for new suppliers, CAPA & EOL/LTB notification from approved vendors
• Inventory control, resolving receiving discrepancies (RDR), Material Review Board (MRB), Return to Vendor (RTV)
• Shipment tracking and co-ordinate with logistics team to priority handling