Terence Praveen

Engaged with internal departments to resolve conflicts or discrepancies in procurement activities, ensuring smooth operations and stakeholder satisfaction. · Contributed to the development and execution of procurement and category sourcing strategies, integrating industry best practices and market intelligence. Conducted regular team meetings to discuss progress, challenges, and upcoming projects, driving collaboration and continuous improvement.

· Reviewed and prioritized new project requests based on urgency, complexity, and strategic importance, ensuring alignment with business objectives.

· Coordinated with stakeholders and cross-functional teams to gather requirements, define project scope, and align on goals and timelines for procurement initiatives.

· Managed end-to-end PR and PO processes in SAP and Ariba, maintaining accuracy in pricing, quantities, contractual terms, and incoterms.

· Led supplier communications to discuss requirements, negotiate terms, and ensure timely delivery of goods and services, while fostering strong supplier relationships.

Conducted comprehensive compliance checks for purchase requests and contracts, ensuring adherence to company policies, procedures, and regulatory standards.

Oversaw invoice processing and reconciliation, resolving discrepancies, and supporting accounts payable teams to ensure timely and accurate payments.

Identified and implemented process improvements to enhance procurement efficiency, reduce cycle times, and simplify the customer experience.

Lead negotiations with suppliers to secure favorable terms, pricing, and service-level agreements, contributing to cost savings and value-added benefits.

Managed contract lifecycle activities, including drafting, reviewing, amendments, extensions, and terminations, while collaborating with legal and compliance teams to mitigate risks.

Coordinated and executed proof of concept (POC) initiatives and evaluation agreements with suppliers to assess new products, services, or technologies.

Analyzed supplier proposals, procurement, and invoicing data to identify trends, cost-saving opportunities, and areas for improvement; prepared and presented regular reports using advanced analytics tools.

Maintained accurate documentation and a repository of contracts for audit readiness and easy access.

Provided recommendations for contract renewals, extensions, or terminations based on supplier performance, and evolving business needs.

• · Prepare RFQ Bids for diverse commodities and work on price negotiation with the suppliers.Executed RFQs and consolidated supplier responses for stakeholder evaluation.
• Managed spot-buy processes for urgent procurement requirements to ensure business continuity.
• Negotiated NDAs and supplier contracts in collaboration with legal teams.
• Supported IT and corporate procurement through PR-to-PO execution in SAP and Ariba.
• Developed RCA trackers, presented insights, and implemented corrective action plans for process improvements.
• · Draft contracts, prepare Executive Summary of contracts for internal approvals, DocuSign (Electronic signature) and uploading fully executed documents into Ariba.
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