Vineet Kumar Sharma
Supply Chain Management
Ghaziabad,Uttar Pradesh
Summary
Strategic Sourcing Specialist with solid 7-year background in driving and coordinating sourcing efforts for material and service procurement. Focuses on cost savings and supplier development to support pre-procurement strategy and supply agreement negotiation. Collaborates with internal business units and supply chain stakeholders to achieve business goals.
Overview
7
7
years of professional experience
Work History
Sourcing Manager
Ishaan Limited
04.2023 - Current
- Reduced procurement costs by implementing strategic sourcing and supplier negotiations.
- Enhanced supply chain efficiency with improved supplier management and performance tracking.
- Developed and executed global sourcing strategies for optimal cost savings and value creation.
- Managed cross-functional teams to ensure successful product launches and timely delivery of goods.
- Streamlined purchasing processes by implementing innovative procurement technologies and systems.
- Established long-term supplier relationships, fostering trust and collaboration for continuous improvement.
- Led contract negotiations to secure favorable terms and conditions, reducing overall expenses.
- Evaluated supplier proposals to identify best-fit partners based on quality, service, and pricing factors.
- Conducted market research to stay informed about industry trends, ensuring competitive advantage in sourcing decisions.
- Implemented risk mitigation strategies to minimize potential disruptions in the supply chain.
- Collaborated with internal stakeholders to define business requirements and align sourcing initiatives with organizational goals.
- Coordinated logistics activities, ensuring timely delivery of products from suppliers to distribution centers or customers directly.
- Improved working capital position by negotiating extended payment terms with key suppliers without compromising on product quality or service levels.
- Analyzed market and delivery systems to assess present and future materials availability.
- Scrutinized purchasing data to identify areas for improvement and cost savings.
- Generated reports on purchasing activities to support management decisions.
- Developed and implemented strategic purchasing procedures and control systems to reduce direct costs and carrying costs.
- Calculated and reported actual and projected sourcing savings by spend categories.
- Collaborated with internal stakeholders to create timely and accurate purchase orders.
- Tracked contract performance metrics and reported issues or non-compliance with appropriate stakeholders.
Assistant Purchase Manager
Calcom Vision Limited
05.2022 - 04.2023
- Enhanced supplier relationships by negotiating favorable contract terms and conditions.
- Streamlined the purchasing process for improved efficiency and cost savings.
- Reduced inventory costs with strategic planning and effective forecasting methods.
- Supported company growth by ensuring timely procurement of essential materials and resources.
- Implemented vendor performance evaluation system, resulting in increased quality and service levels.
- Collaborated with cross-functional teams to optimize supply chain management processes.
- Conducted market research to identify potential suppliers, evaluating their capabilities for meeting organizational needs.
- Increased company profitability by identifying cost-saving opportunities within the purchasing department.
- Established long-term partnerships with reliable vendors, securing consistent supply lines for critical materials.
- Participated in supplier audits to ensure adherence to quality standards and ethical business practices.
- Monitored global markets trends influencing raw material prices, informing strategic decision-making processes.
- Developed strong communication channels between internal stakeholders and external partners, promoting transparency throughout the procurement lifecycle.
- Sourced vendors, built relationships, and negotiated prices.
- Purchased new products and oversaw inventory stocking and availability.
- Coordinated paperwork, updated spreadsheets, and maintained permanent records.
- Negotiated pricing and terms with vendors to secure best value for company.
- Communicated regularly with suppliers to uphold accountability for quality standards and timely delivery of goods.
- Researched and evaluated potential suppliers to determine best fits for company needs and to identify cost savings opportunities.
- Established and maintained accurate records of purchases, pricing and payment terms.
- Hired and trained purchasing staff to improve effectiveness of purchasing operations.
- Completed monthly profit and loss performance reports.
- Analyzed market and delivery systems to assess present and future materials availability.
- Reduced costs by streamlining contract bidding and procurement processes to assure best prices for materials and services.
Assistant Project Manager
Heat Trace India Private Limited
04.2018 - 05.2021
- Improved project efficiency by streamlining communication channels and implementing time-saving tools.
- Assisted in the successful completion of projects by coordinating tasks, monitoring progress, and maintaining documentation.
- Reduced project costs with effective budget management and resource allocation strategies.
- Enhanced team collaboration through regular meetings, clear communication, and shared goalsetting.
- Supported timely project delivery by proactively identifying risks and developing mitigation plans.
- Facilitated smooth project handovers to clients by ensuring thorough documentation and comprehensive training sessions.
- Enabled accurate project tracking by maintaining up-to-date schedules, status reports, and budgets in project management software.
- Ensured client satisfaction through consistent communication, providing updates on progress and addressing concerns promptly.
- Contributed to successful proposal development by conducting research and preparing supporting materials for presentations.
- Aided in achieving project objectives through diligent monitoring of timelines, milestones, and deliverables.
- Managed subcontractor relationships effectively to ensure quality workmanship within deadlines and budgets.
- Maintained a safe working environment by enforcing compliance with safety standards, protocols, and regulations at all times.
- Played a key role in resolving conflicts between team members or stakeholders that could potentially delay projects or increase costs.
- Strengthened relationships with vendors to secure favorable pricing on supplies while ensuring high-quality products were consistently delivered on time.
- Assisted in the change order process by reviewing requests for changes to specifications or budgetary allowances before submitting them for approval.
- Streamlined workflow processes within the team by introducing new productivity tools that increased overall efficiency.
- Planned, monitored and analyzed project costs to meet financial goals.
- Documented project progress to fulfill project requirements and establish traceability.
- Scheduled and facilitated meetings between project stakeholders to discuss deliverables, schedules and conflicts.
- Reported regularly to managers on project budget, progress and technical problems.
- Monitored project progress, identified risks and took corrective action as needed.
- Monitored and tracked project metrics and collected data to share with project members.
- Mentored and guided staff to enhance performance and exceed customer expectations.
- Identified and resolved risks to minimize project disruption.
- Maintained tactical control of project budgets and timelines to keep teams on task and achieve schedule targets.
- Updated customers and senior leaders on progress and roadblocks.
Purchase Engineer
Srex Power India Private Limited
08.2016 - 05.2018
- Streamlined procurement processes by implementing efficient strategies and techniques, resulting in cost savings and improved turnaround times.
- Enhanced supplier relationships through regular communication and negotiation, securing better pricing and payment terms for the company.
- Conducted thorough market research to identify new suppliers, expanding the company''s sourcing options and reducing dependence on specific vendors.
- Developed and maintained comprehensive purchasing documentation, ensuring accurate record-keeping and easy retrieval of information when required.
- Managed inventory levels effectively by tracking usage trends and forecasting future requirements, minimizing stockouts or excess inventory.
- Negotiated contracts with suppliers to secure favorable terms, protecting the company''s interests while maintaining strong partnerships.
- Collaborated with cross-functional teams to understand project needs and ensure timely delivery of materials, contributing to successful project completion.
- Analyzed purchase orders for accuracy before submission, preventing costly errors or delays in order processing.
- Evaluated vendor performance regularly through metrics such as delivery time, quality, and pricing consistency, enabling informed decisions about future business opportunities.
- Led cost reduction initiatives within the purchasing department by identifying areas of improvement and implementing best practices to achieve savings goals.
- Monitored industry trends and advancements in technology to identify opportunities for process improvements or strategic sourcing options that could benefit the organization.
- Participated in annual budgeting activities by providing input on expected costs associated with purchasing activities throughout the year.
- Trained junior staff members on proper purchasing procedures, fostering a culture of continuous learning and development within the department.
- Negotiated lead-time, cost and quality to obtain maximum company benefit.
- Continuously evaluated the effectiveness of procurement strategies and adjusted course as needed to drive ongoing improvements in efficiency, cost savings, and supplier performance.
- Developed, implemented and drove purchase strategies to meet cost savings targets.
- Managed vendors and suppliers to meet objectives related to cost, delivery performance and schedule.
- Supported purchase efforts and negotiated best payment terms and contract conditions to maintain high level of integrity.
- Liaised with vendors and suppliers on delivery schedule to achieve on-time delivery of final product.
- Maintained and followed up with qualified vendors and suppliers about open purchase orders and prospective orders.
- Adopted supplier management methodologies and purchasing strategies to secure improved prices.
- Performed regular performance review with suppliers to drive continuous improvements.
- Participated in status reviews, audits and purchase meetings to resolve proposal issues and implement process improvements.
- Analyzed vendors and suppliers to select most suitable to deliver high-quality products at competitive pricing.
- Collaborated with internal departments to identify and manage demand for material and services.
- Maintained documentation for all purchases.
- Interpreted engineering drawings, part lists and production bills of materials to make informed purchase decisions.
- Conducted research, identifying potential vendors and better pricing options.
- Searched for hard-to-find items and found high-quality, reliable vendors.
- Identified and resolved supply chain issues to mitigate delays and production disruptions.
- Implemented innovative supply chain management strategies to streamline procurement process.
Education
B.Tech - Electrical And Electronics Engineering
SDEC
Ghaziabad, Uttar Pradesh, India05.2013
Skills
- Cost Analysis
- Demand Planning
- Conflict Resolution
- Financial Analysis
- Problem Solving
- Supply Chain Management
- Project Management
- Inventory Management
- Team Leadership
- Supplier Relationship Management
- Strategic Sourcing
- Market Research
- Material Planning
Accomplishments
Awarded with the Title “SUPER STAR PERFORMER” for the Year 2019-20
Awarded with the Title “BEST PERFORMER” for the year 2018-19.
Affiliations
- Worked as Secretary -Ae Watan Foudation to serve and provide medicine, food etc. to the Patients of Covid-19 and the other needy in the city.
- Participated, organize and managed volunteer’s team in “Tree-a-Thon” to create awareness among the runners and onlookers on the importance of trees in our lives
- Participated in the “Tech Fest” a technical presentation event at SDEC.
- Participated in the “different debate competitions at Academic level”
Languages
English
Full Professional
Hindi
Full Professional
Swahili
Professional Working
References
References available upon request.
Timeline
Sourcing Manager
Ishaan Limited
04.2023 - Current
Assistant Purchase Manager
Calcom Vision Limited
05.2022 - 04.2023
Assistant Project Manager
Heat Trace India Private Limited
04.2018 - 05.2021
Purchase Engineer
Srex Power India Private Limited
08.2016 - 05.2018
B.Tech - Electrical And Electronics Engineering
SDEC