Summary
Overview
Work History
Education
Skills
Interests
Timeline
Generic
RONAK BHAVNANI

RONAK BHAVNANI

Sr Procurement Manager
Ahmedabad

Summary

Procurement expert with13+ years with a strong background in Procurement, Operations & inventory management. Result-oriented, focused on increasing profits, reducing costs, inventory management and transforming customer service standards. Familiar with retail practices & business operations. Extensive knowledge of FMCG & Retail industry, including current trends.


Overview

13
13
years of professional experience
2011
2011
years of post-secondary education
4
4
Languages

Work History

Sr Procurement Manager (Global Sourcing)

BNB Grpupe (Mayele Services LLP)
03.2024 - Current
  • Developing & implementing global sourcing strategies to meet the business requirement.
  • Conducting market research for identifying trends, new suppliers & product development.
  • On boarding new suppliers, negotiating contracts, terms of trade & managing relationships with them at global level as per business requirement.
  • Attending global trade fairs for developing new vendors for private label manufacturing.
  • Managing P2P (Procurement to Payment) process for assigned vendors.
  • Identifying & partnering with reliable vendors to develop overall vendor base to sustain & to have competitive advantage in terms of global market exploitation, leveraging spends & technology.
  • Providing leadership coaching, mentoring & managing team of executives for continuous improvement & overall cost.
  • Liaising with logistics department for shipment booking, follow ups, documentation on timely basis.
  • Preparing annual/half yearly/quarterly forecasting demands keeping budget in control as per company policies.
  • Analyzing & preparing reports based on data provided by BI department.
  • Keeping constant check on inventory, financial ageing on daily basis.

Regional Procurement Manager (Field Operations)

Elastic Run
05.2022 - 12.2023
  • Onboarding distributors, super stockiest, companies to supply us goods for non-tied up brands as well as local brands for better margin at state level.
  • Dealing with national brands on behalf of category teams with respective stakeholders to ensure smooth supply chain & to adhere to the entire TOT.
  • Acquiring goods in accordance with the requirements of the demand and supply team as necessary.
  • Handling more than 75 vendors for multiple brands that includes local as well as national brands at state level.
  • Team size of 7 people across State level for field procurement.
  • Focusing on continuous improvement on margin structure by negotiating with all suppliers.
  • Coordinating with warehouse team & respective stakeholders to ensure PR is done on a timely basis.
  • Maintaining fill rate of more than 85-90% on local as well national brands.
  • To liaise with finance & accounts department for vendor payments.
  • Thorough reporting to senior management on a daily basis.

Purchase Head-FMCG

OSIA Hyper Retail Limited
08.2021 - 04.2022
  • Develop demand forecasts (operational forecasts) at multiple levels of aggregation for multiple time horizons as part of a demand planning function.
  • Review historical sales trends, research demand drivers, prepare forecast data, develop statistical forecast models, and evaluate forecast results.
  • Utilize a collaborative and consensus approach by working with sales, marketing and finance to obtain and ensure that current and accurate information is used for demand forecasts.
  • Provide input to the Supply Planning organization in developing inventory strategies on existing items, new products, and product phase-outs.
  • Develop overall strategy for a product category and research new product options in the category by analyzing customer trends and monitoring relevant market conditions to drive sales and achieve targets.

Head-Buyer

FUTURE VENTURES LTD. T/A CHEERS
09.2017 - 07.2021
  • Managing vendor contracts and relationships through collaboration to maximize cost-effectiveness, optimize delivery schedules and maintain service standards.
  • Managing P&L & Stock rationalization for each category.
  • Demand & supply chain management.
  • Maximized category turnover through proactive management strategies.
  • Managing team of 12 members across 4 departments.
  • Developing SLA and Terms of Trade with vendors.
  • Authorizing payment for purchases by reviewing invoices and related documentation.
  • Complete purchase requests with domestic & international suppliers by inputting purchase orders, expediting deliveries & verifying all documents.
  • Analyzing market trends applying knowledge to make insightful buying decisions.
  • Monitoring supplier performance by ensuring that product is delivered as scheduled & meets specification, maintaining appropriate files & records of meetings with suppliers to ensure company requirements are met & the supplier is aware of their performance.
  • Managing complete promo management that includes daily/weekly/monthly deals, promotion strategy, marketing.

ASSISTANT STORE MANAGER

T CHOITHRAMS & SONS
01.2017 - 08.2017
  • Ensures optimum listed range on local or import merchandise at all times from local vendors & central warehouse.
  • Ensures that prices are accurate, updated& informed to all front-end employees.
  • Checks, prepares& updates reports required by the head office.
  • Responsible for assisting store manager in staff management for roaster management, staff leaves planner, etc.
  • Responsible for in store training activity& coordination with training team to ensure staff members are trained &their performance is at expected levels.
  • Tracking the total sale of the store& monitoring sales performance of different sections.
  • Relieves all the day-to-day functions, operations& activities of the Store Manager in his absence.

Buyer

FUTURE VENTURES LTD. T/A CHEERS
09.2013 - 12.2016
  • Meeting suppliers & negotiating terms of contract.
  • Regularly reviewing performance indicators, such as discounts levels & sales.
  • Analyzing consumer patterns & predicting future trends.
  • Maintaining relationships with existing suppliers & sourcing new suppliers for future products.
  • Bulk buying based on the volumes & negotiating discounts for monthly/annual promotions.
  • Constantly reviewing the products includes slow & fast lines to maximize the company profitability.
  • Evaluating competition by competing stores, gathering information such as price, style or quality.
  • Responsible for entering goods & purchasing in to the system.

STORE SUPERVISOR

FUTURE VENTURES LTD. T/A CHEERS
06.2012 - 08.2013
  • Assigning employees to specific duties.
  • Examining merchandise to ensure that it is correctly priced & displayed.
  • Directing & supervising employees engaged in sales, inventory management or in performing services to customers.
  • Monitoring sales activities to ensure that customers receive satisfactory service & quality goods.
  • Estimating consumer demand & determine the types & amounts of goods to be sold.
  • Managing the recruitment, development, training & counselling of all associates.
  • Managing stock levels, merchandising & making key decisions about stock control.

Education

Bachelor of Commerce (B. Com) -

Gujarat University
Ahmedabad, India
03-2011

Skills

  • Contract Development and Management

  • Team Leadership

  • Business Strategy

  • Communication

  • Inventory Management

  • Category Management

  • Negotiation

  • Demand Planning

  • Supplier Management

  • SAP

  • ORACLE

Interests

Playing Snooker
Driving
Listening to music

Timeline

Sr Procurement Manager (Global Sourcing)

BNB Grpupe (Mayele Services LLP)
03.2024 - Current

Regional Procurement Manager (Field Operations)

Elastic Run
05.2022 - 12.2023

Purchase Head-FMCG

OSIA Hyper Retail Limited
08.2021 - 04.2022

Head-Buyer

FUTURE VENTURES LTD. T/A CHEERS
09.2017 - 07.2021

ASSISTANT STORE MANAGER

T CHOITHRAMS & SONS
01.2017 - 08.2017

Buyer

FUTURE VENTURES LTD. T/A CHEERS
09.2013 - 12.2016

STORE SUPERVISOR

FUTURE VENTURES LTD. T/A CHEERS
06.2012 - 08.2013

Bachelor of Commerce (B. Com) -

Gujarat University

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