Summary
Overview
Work History
Education
Skills
Workshop And Activities
Hobbies and Interests
Timeline
Generic

Ruthvik Nayak

Procurement Engineer

Summary

Methodical Purchase Engineer with specialized knowledge of equipment, materials and supplies and 3 years of experience sourcing vendors and suppliers. Well-versed in expertly supporting team in purchasing efforts and generating cost estimates to develop proposals.Adaptable and analytical individual with strong foundation in supply chain management and procurement processes. Possesses knowledge of vendor management and contract negotiation, coupled with proficiency in inventory control and cost analysis. Aims to streamline procurement operations and drive cost efficiencies.

Overview

3
3
years of professional experience

Work History

Purchase Engineer

UCAM PVT LTD
07.2023 - Current


  • Developed strategies for cost reduction and improved quality of purchased goods or services.
  • Negotiated with vendors to secure advantageous terms and conditions.
  • Maintained relationships with existing suppliers to ensure timely delivery of products and services.
  • Evaluated bids from potential vendors and selected the most suitable one based on price, quality, and delivery terms.
  • Monitored vendor performance in order to assess the effectiveness of agreements.
  • Researched new sources for supplies, materials, and equipment as needed.
  • Prepared purchase orders according to specified requirements.
  • Conducted regular price comparisons between vendors in order to secure best deals.
  • Followed up on all open purchase orders with suppliers to ensure timely delivery of items.
  • Communicated regularly with internal stakeholders regarding supply needs and availability status updates.
  • Ensured that all purchasing activities are carried out in accordance with company policies.
  • Responded promptly to inquiries from vendors regarding product specifications, pricing, payment terms.
  • Performed periodic reviews of inventory levels in order to determine reorder points.
  • Investigated discrepancies between invoices received from suppliers and actual delivered goods.
  • Kept accurate records of purchases including item descriptions, quantities, costs, delivery dates.
  • Participated in annual budget planning process by providing input related to procurement needs.
  • Collaborated closely with other departments such as Logistics and Shipping in order to coordinate deliveries.
  • Implemented effective strategies for managing supplier risks associated with non-delivery or late delivery issues.
  • Assisted Accounts Payable team during invoice processing by providing necessary information about purchase orders.
  • Purchased the highest quality products for the lowest possible price.
  • Tracked shipments to ensure delivery on time and in excellent condition.
  • Prepared purchase orders and sent to distributors and suppliers.
  • Contacted vendors to determine order status and communicate discrepancies with shipments.
  • Analyzed competitive prices, products and market-related information.
  • Reviewed vendor performance and negotiated contracts with suppliers to reduce costs.
  • Developed and implemented purchasing strategies to ensure cost efficiency and quality of products.
  • Performed market research activities to identify potential suppliers, compare pricing models and negotiate terms of contract.
  • Identified new sources of supply and managed relationships with existing vendors.
  • Monitored inventory levels and reordered materials as necessary to maintain appropriate stock levels.
  • Analyzed supplier quotations, evaluated bids and made recommendations for cost-effective solutions.
  • Ensured compliance with all applicable laws, regulations, policies and procedures governing procurement processes.
  • Resolved conflicts between suppliers regarding product quality or delivery issues.
  • Maintained accurate records of purchases, invoices, payments and other related documents.
  • Negotiated payment terms with vendors while ensuring prompt payment of invoices.
  • Assisted in developing long-term strategic plans for procuring goods or services at optimal prices.
  • Provided guidance to junior staff members on best practices related to purchasing activities.
  • Conducted regular reviews of current contracts to ensure that they remain up-to-date.
  • Interacted with vendors to obtain quotes, resolve disputes or discuss pricing arrangements.
  • Evaluated supplier capabilities and assessed their suitability for specific projects or tasks.
  • Attended trade shows or industry conferences to source new suppliers or acquire information about emerging trends in the marketplace.
  • Inspected purchased products upon receipt for quality assurance purposes before releasing payment.
  • Prepared detailed reports summarizing the results of price comparison studies conducted by the team.
  • Monitored industrial market to maintain knowledge of latest trends.
  • Verified receipt of items by comparing items ordered to items received.
  • Negotiated with vendors and suppliers and administered contracts.

Purchase Trainee

UCAM PVT LTD
07.2022 - 07.2023
  • Learned new materials, processes, and programs quickly.
  • Attended training courses to build understanding of processes, techniques, and industry.
  • Participated in on-the-job training, working closely with supervisors and coworkers and asking appropriate questions.
  • Supported departmental tasks to increase understanding of industry processes.
  • Interacted with customers under supervision to support operational objectives.
  • Developed strong working relationships with trainees, fostering a supportive learning environment.
  • Filled out timesheets and paperwork according to identified requirements.
  • Performed administrative functions, answering phones and filing paperwork in support of department.
  • Established lasting relationships with peers, leadership and customers using strong communication and interpersonal skills.

Education

Bachelor of Engineering - Mechanical Engineering

Vellore Institute of Technology
Vellore, India
04.2001 -

Skills

Procurement processes

Workshop And Activities


  • Attended one month industrial training at ALFRED HERBERT BANGALORE.
  • Up skilling in Operations & Supply Chain Management


Hobbies and Interests

  • Artistic Activities: Listening Music & Travelling
  • Community Involvement: Community service - MAD programme
  • Sports: Cricket & Football , Individual Sports : Badminton
  • Technology: Gaming - COD & FIFA


Timeline

Purchase Engineer

UCAM PVT LTD
07.2023 - Current

Purchase Trainee

UCAM PVT LTD
07.2022 - 07.2023

Bachelor of Engineering - Mechanical Engineering

Vellore Institute of Technology
04.2001 -

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Ruthvik NayakProcurement Engineer