Deepak Singh

• Assigned with the responsibility of creating value by ensuring the on-time delivery of high-quality products, thus reducing the risk of liquidated damages, and maintaining exceptional levels of customer service satisfaction
• Collaborated with internal teams to improve outputs to meet demand and supply requirements, ensuring inventory integrity targets for finished goods.
• Built relationships with vendors to negotiate ideal terms for purchases.
• Input, analyzed and reported on data covering all aspects of procurement operations.
• Set up and negotiated contracts to obtain favorable pricing and delivery structures.
• Maintained current understanding of pricing structures, market conditions and trends in industry.
• Implemented policies and procedures for optimal purchasing methods and cost control.
• Developed new strategies to reduce purchasing costs and maintain quality standards.
• Evaluated product quality and vendor performance to maintain quality standards.

Projects delivered:

Petroleum Development Oman (PDO): Successfully executed the development and delivery of reverse engineered pump components, encompassing models such as BB1, BB2, BB3, BB4, BB5, OH2, for leading manufacturers like Sulzer, Flowserve, ITT, Clyde Union, and others

Ministry of Electricity and Water (MEW), Kuwait: Delivered reverse engineered pump components for BFP, Booster, and Cooling water pumps, catering to various models from manufacturers including KSB, Weir, Flowserve, and others

Achievements:

Strategic Cost Management: Attained an impressive 52.70% reduction in post-order costs compared to budgeted procurement expenses, resulting in a substantial 32.18% increase in the organization's overall gross margin.

Vendor Development: Successfully identified and integrated nine foundries (including Sand, Investment, & Ceramic Core) for the supply of F/M casings, Diffusers & Impellers, and Bearing Housings for all BB & OH series pumps, along with narrow passage impellers, This initiative led to a 30% margin improvement and a significant reduction in turnaround time, Additionally, cultivated relationships with reputable vendors for one-off supplies, eliminating the need for MOQ references and it led to eliminate uncertain dead inventory

Zero-Inventory Raw Material Management: Achieved a zero-inventory level of raw materials by introducing new vendors and assisting existing machining vendors in providing finished goods, This initiative eliminated wastage, reduced quality risks, and substantially reduced lead times, This effort also led to increased capacities at the inhouse machine shop and other support functions of Stores, Planning, and Logistics, contributing to a 20% improvement in gross margin.

• Key responsibilities included evaluation of commercial bids, develop procurement plan & cost sheets to finalize negotiation strategies to ensure competitive pricing for high-quality products with lead times to meet and beat Contractual Delivery Date (CDD) with the customer.
• Introduced new methods, practices, and systems to reduce turnaround time.
• Evaluated suppliers to maintain cost controls and improve operations.
• Liaised with team members, stakeholders and vendors to coordinate activities, provisioning, environment setup, risk mitigation and follow-up.
• Partnered with upper management in executing functional strategies and reporting capabilities.

Projects delivered:

• Supply to IOCL Marketing terminals: Developed all components locally for 3 Nos BB-3 Pumps.
• Supply to MAHAGENCO, Paras: All components for Advance Class Boiler Feed Pump.
• Supply to NTPC 800MW Lara Chattisgarh: – 7 Nos Complete package BGR Energy make.

Achievements:

• Outstanding Employee Recognition: Received the prestigious Best Employee of the Year award certificate in 2017 in recognition of exceptional contributions
• Global Supply Chain Representation: Served as the representative of CPIL at the SPX Global Supply Chain meetings in Shanghai, China, actively contributing to the advancement of Supply Chain Management (SCM) tools
• Late Delivery Charge Mitigation: Successfully minimized undesirable late delivery charges from customers by cultivating new vendor relationships, resulting in a remarkable 20% improvement in project profitability, Additionally, appointed as the Procurement department representative for ISO audit.

• Responsibilities included global procurement activities, attending project kick-off meetings, identification and audit of potential vendors, price agreements with vendors for standard items, communication with vendors and projects for technical clarifications, compilation of supply cost matrix, finalized offers and issued purchase orders, monitored vendors to ensure timely delivery.
• Negotiated vendor payment terms and contract conditions to meet aggressive production and cost requirements.
• Provided Requests for Information (RFIs) to potential suppliers for quotations on desired requirements.
• Approved requisitions, placed purchase orders and expedited goods and services to meet Just In Time (JIT) inventory controls.

Projects Delivered:

• HPCL- Mathura, IOCL-Panipat, -Mumbai, IFFCO-Allahabad, CPCPL-Chennai, Jacobs Engineering-Mumbai, Lavan Oil Refining Comp- Iran, L&T India.

Achievements:

• Nominated as the project coordinator for Reciprocating Air compressors at Lavan Oil Refining Co., Iran, and L&T India
• Successfully developed sources for Crankshaft, Connecting Rod, Piston, Piston rings & Liners, Machined Components, API Gear boxes, Rubber gasket, oil seal, and springs, Flanges and Elbows, Tee, connector, union Pipe fitting