SACHIN KHOT
Ravet
Summary
Strategic Sourcing Specialist with solid 20 year background in driving and coordinating sourcing efforts for material and service procurement. Focuses on cost savings and supplier development to support pre-procurement strategy and supply agreement negotiation. Collaborates with internal business units and supply chain stakeholders to achieve business goals.
Overview
20
20
years of professional experience
Work History
Global Sourcing Manager
Technosoft Engineering Projects Ltd
03.2022 - Current
- Analyzed spend data to identify and execute cost-savings, cost-avoidance and value analysis opportunities.
- Developed requests for proposal and issued requests for quotes to support sourcing efforts.
- Managed and developed relationships with suppliers to attain maximum cost efficiency and leverage buying power.
- Calculated and reported actual and projected sourcing savings by spend categories.
- Developed and implemented strategic purchasing procedures and control systems to reduce direct costs and carrying costs.
- Administered agreements by negotiating change orders, executing contract extensions and resolving administrative issues.
- Developed and tracked metrics to measure supplier performance and cost savings.
- Reduced costs by streamlining contract bidding and procurement processes to assure best prices for materials and services.
- Created purchasing policies and procedures that complied with company standards and regulatory requirements.
- Completed monthly profit and loss performance reports.
- Facilitated resolution of vendor disputes and discrepancies.
- Identified opportunities to reduce lead times and improve inventory management.
- Reviewed and approved purchase orders and invoices for accuracy and completeness.
Assistant Manager Purchase
Autogen India Pvt Ltd
07.2021 - 02.2022
- Sourced vendors, built relationships, and negotiated prices.
- Purchased new products and oversaw inventory stocking and availability.
- Coordinated paperwork, updated spreadsheets, and maintained permanent records.
- Performed monthly reconciliation of open purchasing orders.
- Used SAP authorize and monitor purchase orders and consumables.
- Solved diverse supply chain problems involving numerous sources, logistics, and scheduling factors.
- Conducted regular research to identify trends and cost saving opportunities.
- Generated reports, documents and analysis in MS Office for senior management review and approval.
- Implemented policies to reduce cost and eliminate waste.
- Identified and targeted critical procurement issues, saving over 3 Cr
- Monitored inventory levels and avoided shortages with timely replenishment of stock.
- Worked closely with purchasing team, leveraging power of commodities and materials in outlining trade and distribution agreements.
- Monitored safety stock levels and established order policies to balance inventory availability with minimal investment.
- Managed subordinates and gave directives, drafted schedules and comprehensively evaluated performance.
Assistant Manager Purchase
Seimitsu Factory Automation Pvt Ltd
06.2014 - 06.2021
- Managed vendor performance to maximize profitability and achieve financial objectives.
- Monitored inventory levels and avoided shortages with timely replenishment of stock.
- Sent emails to communicate order status and informed customers of back-orders or shipping delays.
- Reviewed orders for accuracy, errors and omissions to minimize incorrect shipments.
- Navigated through ERP systems to build, track and monitor orders.
- Processed and submitted orders for THK,KHK,OILES, other Japanese products daily and expedited delivery to maintain customer satisfaction.
- Forecasted with vendors to allocate stock ahead of customer order to reduce lead times.
- Alternated goods in inventory by observing first-in and first-out approach to keep shelves organized and properly stocked.
- Input order information into system and updated customer accounts to document and track customer orders.
- Monitored and tracked inventory to achieve prompt order fulfillment.
- Provided regular updates to customers regarding orders to maintain transparency and customer trust.
- Responded to customs, customer and internal requests and notices about classification, duty rates and documentation requirements to support import regulations.
- Created and transmitted accurate documentation to governmental agencies for import activities.
- Coordinated and negotiated contracts to facilitate freight movements.
- Coordinated with shipping and transport companies on behalf of clients.
- Tracked shipments processing through customs and other agencies and obtained clearances.
Sr Engineer Purchase & Vendor Development
Electropneumatic And Hydraulics (I) Pvt Ltd
03.2011 - 06.2014
- Managed vendor performance to maximize profitability and achieve financial objectives.
- Collaborated with internal stakeholders to create timely and accurate purchase orders.
- Developed and tracked metrics to measure supplier performance and cost savings.
- Created purchasing policies and procedures that complied with company standards and regulatory requirements.
- Electrical & Electronics item purchase as per BOM received from design team. PLC, Drives,
Switchgears , Cables , motors , PCB, Control panels, - Handle plastic components for SPM machine and develop from supplier
- Identified opportunities for new products and improvements to existing products to increase sales.
- Conducted market research to understand customer needs and identify potential opportunities.
- Created and executed strategies to drive development and success of products.
- Directed concept design, feature definitions and production support.
- Interacted well with customers to build connections and nurture relationships.
- Coordinated with shipping and transport companies on behalf of clients.
- Created and updated regular inventory reports and records.
- Analyzed inventory data to identify and address stock discrepancies.
- Participated in regular cycle counts to confirm accuracy of inventory records.
- Maintained sufficient inventory levels to meet customer demands at all times.
- Strengthened inventory processes to balance supply needs with budget and space limitations.
- Developed and implemented policies and procedures for inventory management.
Planning Executive & Order Management
Kirloskar Brother Ltd
01.2009 - 03.2011
- Entered data, generated reports, and produced tracking documents.
- Gathered and organized materials to support operations.
- Worked directly with production personnel to resolve production scheduling issues and conflicts.
- Engaged in both long and short-term project planning, strategizing for on-time, high-quality deliverables.
- Created and updated regular inventory reports and records.
- Analyzed inventory data to identify and address stock discrepancies.
- Built and nurtured positive working relationships with vendors and suppliers.
- Negotiated pricing and delivery terms with suppliers to maintain cost savings and stock levels.
- Tracked production and quality control systems to proactively identify deficiencies.
- Organized records of vehicles, schedules and completed orders.
- Led improvement initiatives to advance operational efficiencies and increase revenue.
Engineer Purchase and Vendor Development
Patson Auto Products Pvt Ltd
01.2005 - 01.2009
- Negotiated lead-time, cost and quality to obtain maximum company benefit.
- Developed, implemented and drove purchase strategies to meet cost savings targets.
- Managed vendors and suppliers to meet objectives related to cost, delivery performance and schedule.
- Supported purchase efforts and negotiated best payment terms and contract conditions to maintain high level of integrity.
- Performed regular performance review with suppliers to drive continuous improvements.
- Adopted supplier management methodologies and purchasing strategies to secure improved prices.
- Utilized MSOFFICE to generate request for quotes and purchase requisitions and created and prepared reports based on data.
- Participated in status reviews, audits and purchase meetings to resolve proposal issues and implement process improvements.
- Maintained documentation for all purchases.
- Collaborated with internal departments to identify and manage demand for material and services.
- Implemented innovative supply chain management strategies to streamline procurement process.
Trainee Engineer
Kirloskar Brother Ltd
11.2003 - 11.2004
- Completed tasks efficiently and timely, as instructed by engineering managers.
- Completed daily list of assignments, contributing to engineer team by handling basic tasks and learning new skills
- Studied manufacturing processes to improve overall knowledge.
- Collaborated with senior engineers on projects and offered insight.
Education
PGDBM Material Management - PGDBM Material Management
Indian Institute of Business Management
Mumbai07.2011
High School Diploma -
Latther Education Polytechnic Sangli
Sangli04.2003
Skills
- Raw Material Purchasing
- Inventory Management Programs
- Transition Plans
- Trend Analysis
- Strategic Business Relationships
- Global Sourcing Strategies
- Forecasting
- Supply Base Development
- Supplier Performance
- Negotiation Strategies
- MS Office
- Analytical Thinking
- Documentation and Reporting
- Relationship Building
- ERP Software
- Inventory Management
- Cost Assessments
- Team Leadership
- Strategic Planning
- Data Collection
- Logistics Coordination
- Contract Negotiation
- Procurement Expertise
- Inventory Coordination
Accomplishments
- Collaborated with team of 5 in the development of Cost saving .
- Used Microsoft Excel to develop inventory tracking spreadsheets.
- Resolved product issue through consumer testing.
Languages
English
Advanced (C1)
Hindi
Bilingual or Proficient (C2)
Marathi
Bilingual or Proficient (C2)
Timeline
Global Sourcing Manager
Technosoft Engineering Projects Ltd
03.2022 - Current
Assistant Manager Purchase
Autogen India Pvt Ltd
07.2021 - 02.2022
Assistant Manager Purchase
Seimitsu Factory Automation Pvt Ltd
06.2014 - 06.2021
Sr Engineer Purchase & Vendor Development
Electropneumatic And Hydraulics (I) Pvt Ltd
03.2011 - 06.2014
Planning Executive & Order Management
Kirloskar Brother Ltd
01.2009 - 03.2011
Engineer Purchase and Vendor Development
Patson Auto Products Pvt Ltd
01.2005 - 01.2009
Trainee Engineer
Kirloskar Brother Ltd
11.2003 - 11.2004
PGDBM Material Management - PGDBM Material Management
Indian Institute of Business Management
High School Diploma -
Latther Education Polytechnic Sangli
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