Varun Jain
Ghaziabad
Summary
- A result-oriented professional with 10 years of experience in procurement, new vendor development, material planning, inventory management, distribution, and costing.
- Focusing on cost reduction, time cycle reduction, and improvement of the project variables.
- Expertise in implementing cost-saving measures.
Overview
10
10
years of professional experience
1
1
Certification
Work History
Deputy Manager-Purchase & New Vendor Development
Lava International Ltd.
Noida
06.2022 - Current
- Company Overview: Lava is engaged in manufacturing mobile phones, tablets, and mobile and computer accessories, etc.
- Handling procurement and sourcing, the new vendor development function operates independently.
- Procurement of the ATL and BTL marketing-related expenses.
- Procurement of the POSM, pricing elements (posters, packaging), and all types of other packaging.
- Responsible for the hiring of an E-Commerce and Social Media Advertising agency, and the procurement of advertising or promotional material.
- Managing yearly procurement of around 200 crore. INR, and that too cost-effectively.
- Achieved a 12-13% cost saving in respect to annual spending in the last two years.
- Responsible for the annual contract renewal of the software and servers.
- Responsible for the license renewal of IT software and servers.
- Procurement of HR and admin-related maintenance expenses, such as the renewal contract with the housekeeping agency, security agency, food agency, or canteen agency, etc.
- Procure-to-Pay process through SAP MM (PO creation, PR verification, and reviews).
- Vendor payment through SAP MM systems.
Assistant Manager-Purchase & New Vendor Development
Kaizen Group
New Delhi
12.2020 - 06.2022
- Independently managed procurement and sourcing functions for automotive manufacturing company.
- Procured raw materials, including steel and Class-B & C items, cost-effectively.
- Oversaw monthly procurement budget of 20 Cr INR while maintaining quality standards.
- Achieved 10-12% cost saving in respect to annual spend.
- Acquired MS sheets, CRC pipes, and other materials based on SIAM and Steel Mint price reviews.
- Administered store functions to ensure adherence to FIFO inventory management practices.
Order Handler- Purchase
AVL India Pvt. Ltd.
Gurgaon
07.2019 - 12.2020
- Executed procurement and sourcing for IT, consumables, and maintenance items across project sites.
- Developed new vendor relationships, enhancing supplier diversity and service quality.
- Managed comprehensive purchase functions including request processing, quotation acquisition, and negotiations.
- Finalized purchase orders while ensuring timely delivery and vendor payment follow-up.
- Administered procure-to-pay processes using SAP MM for efficient purchase order creation and verification.
- Facilitated vendor payments through SAP MM systems, ensuring compliance with financial protocols.
Sr. Engineer-Purchase & New Vendor Development
Forza Medi India Pvt Ltd
Gurgaon
08.2018 - 07.2019
- Managed procurement of raw materials, IT supplies, consumables, and maintenance items across five plants.
- Oversaw monthly procurement budget of 8 Crore INR while ensuring cost efficiency.
- Executed comprehensive purchasing functions, including requests, quotations, negotiations, and purchase order finalization.
- Established new vendor relationships to enhance quality and reduce costs.
- Implemented cost-saving initiatives for consumables and BOPs, achieving annual savings of 24 Lakh INR.
- Streamlined procure-to-pay process using SAP MM for efficient PO creation and PR verification.
- Facilitated vendor payments through SAP MM systems to ensure timely transactions.
Assistant Manager-Purchase & Sourcing
Kaizen Metal Forming Pvt. Ltd.
Greater Noida
12.2014 - 01.2018
- Procured raw materials and IT infrastructure items, ensuring alignment with corporate finance requirements.
- Finalized supplier pricing based on previous year's fluctuations in steel and LME rates.
- Managed capital procurement of approximately 20 crore INR from global and local sources.
- Produced weekly cash flow budget analysis reports to support monthly material planning.
- Oversaw annual spending of 50 crore INR, maintaining economic order quantity at the site.
- Executed cost-saving project by sourcing consumables and BOPs from alternate suppliers, saving 8 lakhs annually.
- Achieved cost savings of approximately 15 lakh INR through RMC reduction under Kaizen/VAVE initiative.
Education
M. Tech. - Energy Engineering
Gyan Vihar University
Jaipur, Rajasthan03-2014
B.Tech. - Mechanical Engineering
Gyan Vihar University
Jaipur, Rajasthan03-2013
Skills
- Strategic sourcing and procurement
- Material planning
- Inventory management
- Cost management strategies (zero-based)
- Process improvement
- Supplier relationship management
- Kaizen and VAVE activities
- Capital equipment purchasing
- Vendor development
- Cost reduction strategies
Practical Training
- Escorts Ltd, Faridabad, Haryana, 6 months
- Yamaha Motors, Surajpur, UP, 1 month
Research And Publications
- Published paper on 'Experimental Investigation of Thermal Performance of Solar Air Heaters with and without Fins' in International Journal of Science, Engineering & Technology.
- Research on 'A Comparative Experimental Investigation of Physical and Chemical Properties of Sawdust and Cattle Manure briquette'.
- Published paper on 'A Comparative Experimental Investigation of Physical and Chemical Properties of Sawdust and Cattle Manure briquette' in International Journal of Science, Engineering & Technology.
Certification
- Auto CAD Associate
Personal Information
Date of Birth: 05/25/92
Disclaimer
I declare that all the above statements are true and correct to the best of my knowledge and belief.
Timeline
Deputy Manager-Purchase & New Vendor Development
Lava International Ltd.
06.2022 - Current
Assistant Manager-Purchase & New Vendor Development
Kaizen Group
12.2020 - 06.2022
Order Handler- Purchase
AVL India Pvt. Ltd.
07.2019 - 12.2020
Sr. Engineer-Purchase & New Vendor Development
Forza Medi India Pvt Ltd
08.2018 - 07.2019
Assistant Manager-Purchase & Sourcing
Kaizen Metal Forming Pvt. Ltd.
12.2014 - 01.2018
M. Tech. - Energy Engineering
Gyan Vihar University
B.Tech. - Mechanical Engineering
Gyan Vihar University
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