SUDHEER REDDY MEKALA

• Developed strong relationships with key suppliers, resulting in improved communication, better pricing, and reliable delivery schedules.
• Managed supply chain process, from order placement to delivery, to facilitate on-time and accurate fulfillment.
• Collaborated with finance departments on budgeting and forecasting activities, ensuring accurate representation of procurement expenses and cost-saving opportunities.
• Prepared and presented reports to management on purchasing trends and cost savings to aid in decision making.
• Negotiated contracts with suppliers to obtain favorable terms and pricing.
• Analyzed market trends to identify new suppliers and emerging technologies that could enhance company operations or reduce costs.
• Collaborated with internal stakeholders to understand departmental needs, developing tailored procurement solutions that met their requirements while minimizing costs.
• Analyzed supplier contracts to confirm compliance with company policies and procedures.
• Spearheaded change management initiatives within the procurement department, leading to improved agility and responsiveness in meeting business needs.
• Reviewed and issued contracts and blanket purchase orders after choosing ideal vendor and drive procurement process.
• Developed risk management strategies for procurement function, ensuring business continuity and resilience against supply chain disruptions.

Edible Oil Research and Price Consulting: (Apr 2020-Dec 2021)
-Fundamental Research, Supply &Demand Analysis, Price forecasting & Trading strategies of Global & Domestic Edible Oils.

-Prepare Daily/Weekly/Monthly research reports of Global & Indian Palm oil and provide short and long term pricing strategies in the reports.

-Responsible for frequent Client Engagement in Procurement, hedging & pricing strategies for the Edible oil clients.
-Weekly & Monthly presentations of research reports to the Edible oil clients with customized trading, procurement and hedging strategies.

Business Consulting Project- Disposal Strategy of Agri-Commodities for HAFED (State Govt.): (Oct 2020- Dec 2020)
-Upgrading the Disposal strategy of Mustard, Moong & Sunflower seeds which are procured by HAFED at MSP in 2020.
-Creating hedging strategies and Implementation of risk management SOP's to minimize the price risk of the holding commodities based on the price forecast models for the coming Rabi season.

Fundamental Research, Market Intelligence & Price consulting on Indian Mango for processing- (2022 Season): (Mar 2022-Jul 2022)
-Pre Season report of Totapuri & Alphonso Mangoes pertaining APY & price projections of different varieties in different areas with projected mango pulp balance sheet.

-Reports on daily arrivals and market price Intelligence in the season with short term price forecast and procurement strategies for clients (Mango processors & Beverage companies)
-Procurement and Pricing strategies of Indian Mango pulp for 2022 season for the clients in India and Abroad (Beverage companies).

Market Intelligence & Price consulting on Indian Grape Exports- (2022 Season): (Jan 2022-Apr 2022)
-Seasonal APY & price forecasting report on Indian Export quality grapes from Maharashtra.

-Daily reports on Market Arrivals, Competitor pricing and other Market Intelligence for 2022 season for the client (leading Grape Exporter from India).

Support Role- CTRM Customization (TransRisk) & Secondary research on Agri-Commodities for various Business Consulting Projects: (Apr 2020-Jan 2022)

-Support role in customization of CTRM software (TransRisk) for a leading Edible oil Importer in gathering client requirement and giving inputs to the IT team for smooth and efficient execution of the software as per the client requirements.

-Supported the Agri-Research team in the secondary research of various Agri-Commodities for few Business Consulting Projects.

-Responsible for centralized cotton procurement and handling sourcing operations for group textile mills (4 Units with a monthly volume of 22000 Bales)
-Capacity planning & oversee the raw-material stocks at the spinning units.
-Hedging of our physical cotton stocks through derivative instruments to minimize the market fluctuations.
-Fundamental market research & price forecast of Indian raw cotton and presenting the same to management for strategic buying decisions.
-Supplier management & Implement best Industry practices in Supplier & Vendor Management.

-Physical trading of Indian raw cotton with the domestic producers and consumers and managing the trading P&L pertaining to the trades.

- Export sales (On call & Fixed price) of Indian Origin Raw Cotton to Bangladesh, Pakistan and other East Asian countries.
-Sale of U.S. Origin, WAF and other Foreign Origin Cotton to Indian Spinning Mills.

-Hedging of Long/Short positions of Physical cotton stocks in MCX and ICE.

-Arbitrage trading of cotton between MCX and ICE.

-Forex Hedging for company’s Exposure in Exports/Arbitrage positions through Forward Bookings and Currency Derivatives.

-Assisting in physical trading of Grains and Feed Meals- Yellow Maize, Wheat, Rice, Rapeseed Meal, Soybean Meal, Etc.

-Assisting in export operations of Grains and Feed meals that we export from India.

-Assisting in the hedging of physical stocks with derivatives and forward contracts.