Sonal Joshi - Naik

• Material Planning / Inventory Management:
  
  Tracked reorder levels and planned packaging material requirements.
  Scheduled procurement dates and generated purchase orders.
  Maintained records of goods ordered and received.
  Vendor Development:
  
  Sourced new vendors for cost benefits and quality.
  Provided feedback and ensured implementation of product safety standards.
  Managed vendor correspondence and addressed issues.
  Vendor Evaluation:
  
  Negotiated pricing and terms with vendors.
  Monitored vendor performance and provided process improvement suggestions.
  Purchase Management:
  
  Monitored high-value material prices and prepared procurement reports.
  Implemented efficient purchasing policies and coordinated with accounts for vendor payments.t

Material Planning / Inventory Management:

Coordinated with stores to track reorder levels for major raw and packing materials.
Planned packaging material requirements based on production schedules.
Scheduled procurement dates considering lead times.
Generated purchase orders to ensure material availability for production and dispatch targets.
Maintained records of goods ordered and received.
Vendor Development:

Identified new vendors to obtain price benefits and ensure product availability.
Provided feedback on QA reports regarding material quality.
Conducted site visits to ensure product safety and quality standards.
Managed correspondence with vendors regarding deliveries, rejections, shortages, and claims.
Vendor Evaluation:

Negotiated pricing and terms with vendors.
Monitored vendor performance based on criteria such as acceptance/rejection rates, quality improvements, timely delivery, and credit terms.
Assisted vendors in improving their production processes to meet quality standards.
Purchase Management:

Monitored prices of high-value materials to plan cost-effective purchases.
Prepared procurement reports to facilitate future decision-making.
Implemented policies and procedures for efficient and professional operations.
Participated in developing specifications for products or substitute materials.
Provided guidance and shared best practices with junior purchasing staff.
Coordinated with Accounts for bill passing, vendor reconciliation, and payments.

Finalized rates and negotiated contracts for raw, packing, and POP materials.
Managed a team for procurement and planning strategies.
Resolved shipment and quality discrepancies by mediating supplier/manufacturing issues.
Conducted supplier site visits and evaluated them based on quality, production capabilities, performance, and delivery.
Supported vendor qualification and vendor quality standards.
Assisted upper management with new product development projects and pricing by providing sourcing options.
Coordinated design and ingredient changes with suppliers for all packaging materials.
Implemented cost reduction strategies by finding and developing new suppliers.

• Established data-driven KPIs to measure procurement performance, driving continuous improvements across all aspects of the function.
• Finalized rates and negotiated contracts for engineering and packing materials.
  Followed up on material requirements for production at Vikhroli and Umergaon plants.
  Conducted vendor audits and prepared monthly vendor ratings.
  Resolved order discrepancies and processed returns to vendors.
  Evaluated suppliers based on quality, price, and delivery speed.
  Implemented cost reduction strategies by finding and developing new suppliers.
  Assisted upper management with new product development and pricing by providing sourcing options.
  Maintained professional relationships with suppliers to develop long-term partnerships.
• Managed a high-performing team of buyers, providing guidance and support to achieve department objectives.
• Developed comprehensive supply chain strategies, aligning them with company goals to ensure long-term success.
• Reduced costs through effective negotiation tactics for multiple contracts with key suppliers.
• Oversaw the evaluation, selection, and onboarding of new vendors, ensuring alignment with corporate standards and requirements.

• Implemented procurement policies and procedures that ensured compliance with industry standards, laws, and regulations.
• Influenced positive change within the organization by driving continuous improvement initiatives related to purchasing activities.
• Managed inventory levels effectively by using demand forecasting tools and collaborating closely with other departments.
• Managed risk by assessing the financial stability of potential suppliers and staying informed about industry developments affecting supply chain reliability.
• Played a key role in supplier diversity initiatives by identifying opportunities to engage with small, minority-owned, and women-owned businesses.
• Achieved cost savings by negotiating better pricing with suppliers and implementing strategic purchasing practices.
• Coordinated cross-functional teams to evaluate potential suppliers based on quality, value, and reliability.
• Developed and maintained strong relationships with key vendors, resulting in improved service levels and cost savings for the organization.
• Assisted in preparing annual budgets for the purchasing department, ensuring alignment with company goals and objectives.
• Sourced vendors, built relationships, and negotiated prices.
• Progressed through various purchasing, warehousing and leadership roles.
• Communicated regularly with suppliers to uphold accountability for quality standards and timely delivery of goods.
• Generated reports on purchasing activities to support management decisions.
• Monitored inventory levels and avoided shortages with timely replenishment of stock.
• Completed monthly profit and loss performance reports.
• Scrutinized purchasing data to identify areas for improvement and cost savings.
• Analyzed market and delivery systems to assess present and future materials availability.

• Evaluated supplier bids for best value, considering factors such as price, quality, availability, and terms of payment when making decisions on awards.
• Monitored contract performance to ensure supplier adherence to terms and conditions while mitigating risks associated with supply disruptions.
• Reviewed and approved purchase orders and invoices for accuracy and completeness.
• Devised and implemented strategies to optimize purchasing processes and reduce costs.
• Facilitated communication among various functions including finance/accounts payable team members regarding invoice processing, payment terms and any discrepancies.
• Coordinated cross-functional teams to evaluate potential suppliers based on quality, value, and reliability.
• Wrote standard operating procedures for department.
• Conducted regular research to identify trends and cost saving opportunities.
• Supported company growth by identifying new suppliers and establishing long-term partnerships.
• Researched and evaluated potential suppliers to determine best fits for company needs and to identify cost savings opportunities.
• Achieved cost savings by negotiating better pricing with suppliers and implementing strategic purchasing practices.
• Managed risk by assessing the financial stability of potential suppliers and staying informed about industry developments affecting supply chain reliability.
• Sourced vendors, built relationships, and negotiated prices.
• Reduced costs by streamlining contract bidding and procurement processes to assure best prices for materials and services.
• Managed inventory levels effectively by using demand forecasting tools and collaborating closely with other departments.
• Hired and trained purchasing staff to improve effectiveness of purchasing operations.
• Identified opportunities to reduce lead times and improve inventory management.
• Negotiated pricing and terms with vendors to secure best value for company.
• Tracked contract performance metrics and reported issues or non-compliance with appropriate stakeholders.
• Developed and tracked metrics to measure supplier performance and cost savings.
• Analyzed market and delivery systems to assess present and future materials availability.
• Purchased new products and oversaw inventory stocking and availability.
• Implemented procurement policies and procedures that ensured compliance with industry standards, laws, and regulations.
• Performed monthly reconciliation of open purchasing orders.
• Played a key role in supplier diversity initiatives by identifying opportunities to engage with small, minority-owned, and women-owned businesses.
• Assisted in preparing annual budgets for the purchasing department, ensuring alignment with company goals and objectives.
• Solved diverse supply chain problems involving numerous sources, logistics, and scheduling factors.
• Contacted location managers and department supervisors to assess requirements.
• Scrutinized purchasing data to identify areas for improvement and cost savings.
• Monitored inventory levels and avoided shortages with timely replenishment of stock.
• Coordinated paperwork, updated spreadsheets, and maintained permanent records.

• Prepared monthly MIS statements and handled all banking routines.
  Maintained collection and petty cash books.
  Followed up with parties for payments and managed payroll for branches.
  Maintained computerized accounts books in Tally 7.2.
  Prepared accounts up to finalization and ensured timely payment of duties and taxes.