SAP MM
Venkatesh Moorthy
Procurement Specialist
Munich
Summary
Dynamic Procurement Specialist with a proven track record at Embassy Group, adept in leveraging purchasing strategies and vendor relationship management to secure optimal terms and enhance supply chain efficiency. Excelled in project management and negotiations, achieving significant cost savings. Skilled in fostering team collaboration and utilizing SAP MM for streamlined procurement processes.
Detail-oriented professional promoting expertise in supply chain planning. Confident Procurement Specialist knowledgeable in managing vendor relations, tracking products, and the methods needed to obtain the best pricing.
Overview
5
5
years of professional experience
5
5
years of post-secondary education
3
3
Languages
Work History
Procurement Specialist
Embassy Group
Bengaluru
12.2021 - Current
- Tracked purchase orders and followed up with vendors and carriers to support timely deliveries.
- Developed and maintained detailed records of all procurement activities for accurate tracking and reporting purposes.
- Maintained up-to-date database of suppliers, vendors and contracts to support accurate recordkeeping.
- Established relationships with vendors and suppliers to streamline procurement operations.
- Facilitated transparent bidding processes for supplier selection, ensuring fairness and adherence to established guidelines.
- Negotiated favorable contracts with vendors for long-term supply agreements, securing stable pricing and reliable product availability.
- Researched and identified potential new suppliers to increase vendor base.
- Negotiated contracts and agreements with suppliers to achieve best pricing and terms.
- Provided accurate and up-to-date records of leading procurement procedures.
- Made valuable contributions to planning of promotions, pricing and inventory levels, enhancing inventory flow, revenue, and profits.
- Utilized software to order, track and invoice product shipments.
- Built relationships with vendors to negotiate ideal terms for purchases.
- Collaborated with cross-functional teams to develop project-specific procurement plans, aligning strategies with overall business objectives.
Purchase Executive (Polymer Resin)
Sankhla Vinyl Private Limited
Bengaluru
01.2020 - 12.2021
- Negotiated with vendors to procure best prices and quickest service for equipment and supplies.
- Developed strong relationships with key suppliers, fostering long-term partnerships and ensuring timely delivery of products.
- Collaborated with cross-functional teams to identify opportunities for cost savings and process improvements in procurement activities.
- Reviewed purchasing department activities to evaluate opportunities for cost savings and efficiency improvements.
- Ordered Raw Materials & Semi Raw materials supplies and equipment and maintained accurate inventory control records.
- Placed purchase orders with suppliers for Polymer Resins as required by forecast and production schedule.
- Generated reports, documents and analysis in SAP MM for senior management review and approval.
- Increased overall performance of the supply chain through strategic assessment and analysis of suppliers.
- Managed the end-to-end procurement process, from purchase order creation to payment processing, ensuring accurate documentation and timely execution.
- Supervised purchasing and warehousing processes to reduce loss, time and injuries.
- Monitored open purchase orders for on-time delivery and mitigated potential problems with carriers and logistics companies for timely resolution.
- Continuously monitored industry trends and competitor activities to identify potential opportunities for cost savings or product innovation.
- Trained junior team members on procurement best practices and industry-specific knowledge, enhancing overall departmental expertise.
- Sourced vendors, built relationships, and negotiated prices.
Education
MBA - Operations Management
Karnataka State Open University
Mysore, India 11.2022 - 11.2024
BBA - Human Resources Management
Bangalore University
Bengaluru, India 06.2016 - 07.2019
Skills
Supplier contracts
Purchasing processes
Price negotiation
Vendor relationship management
Purchase order creation
New vendor setup
Cost analysis
Proficiency in SAP MM & Microsoft Office tools
Project management
Contract monitoring
Materials purchasing
Time management
Teamwork and collaboration
Cost calculation
Operations management
Financial reporting
Software
Microsoft Office Tools
Timeline
MBA - Operations Management
Karnataka State Open University
11.2022 - 11.2024
Procurement Specialist
Embassy Group
12.2021 - Current
Purchase Executive (Polymer Resin)
Sankhla Vinyl Private Limited
01.2020 - 12.2021
BBA - Human Resources Management
Bangalore University
06.2016 - 07.2019
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