As an accomplished Purchase and Stores Manager, I bring extensive expertise in procurement, supplier management, and inventory control. With a track record of achieving substantial cost reductions and optimizing supply chain processes, I have played a pivotal role in enhancing operational efficiency of a group of companies.
Supplier Quotations and Contracts
- Analysed supplier quotations to identify most suitable options aligning with company requirements, quality standards, and budget constraints.
- Successfully negotiated with suppliers to secure competitive pricing, favourable payment terms, and beneficial conditions.
- Reviewed and finalized supplier contracts, ensuring clarity on terms and conditions, pricing, delivery schedules, quality standards, and compliance requirements.
- Conducted risk assessments of suppliers to identify potential risks and implemented measures to mitigate supply chain disruptions.
- Fostered long-term relationships with suppliers, gaining preferential treatment, better support, and potential discounts or incentives.
- Collaborated with suppliers on continuous improvement initiatives, contributing to enhanced performance and cost-effectiveness.
Supplier Performance Evaluation
- Demonstrated proficiency in conducting comprehensive quarterly supplier performance evaluations, aligning with ISO 9001 standards, to rigorously assess and monitor suppliers' adherence to the organization's stringent quality and service standards.
- Leveraged a meticulous and data-driven approach to evaluate suppliers' performance across key metrics, including product/service quality, delivery timelines, responsiveness, and overall customer satisfaction.
- Implemented a systematic scoring system to objectively measure supplier performance, providing valuable insights to drive continuous improvement and strengthen supplier relationships.
- Proactively addressed any performance gaps or issues identified during evaluations, collaborating with suppliers to implement corrective actions and enhance their service capabilities.
Risk Assessment
- Conducted rigorous risk assessments encompassing multiple facets of supplier engagement, including evaluating the supplier's financial stability, track record of past performance, and overall reliability, to proactively identify potential risks that could impact the supply chain.
- Employed a forward-thinking approach to anticipate and address potential challenges, mitigating risks upfront and safeguarding the organization against potential disruptions in the procurement process.
- Collaborated closely with cross-functional teams and stakeholders to gain comprehensive insights into supplier risk factors, allowing for a holistic and well-informed risk evaluation process.
- Demonstrated adeptness in devising risk mitigation strategies, incorporating contingency plans to maintain seamless operations and ensure continuous supply, even in adverse scenarios.
- Effectively communicated risk assessment findings to key decision-makers and management, facilitating well-informed decision-making and enabling the organization to make informed choices in supplier selection and contract negotiations.
- Continuously monitored and reviewed risk factors to adapt and refine risk mitigation strategies, ensuring ongoing resilience in the supply chain and reinforcing the organization's commitment to sustainable supplier relationships.
Quality Standards and Compliance
- Demonstrated a steadfast commitment to upholding the company's rigorous quality standards and compliance requirements throughout supplier engagements.
- Ensured seamless alignment of supplier contracts with the organization's specific quality benchmarks and industry regulations.
- Displayed a keen eye for detail in scrutinizing supplier contracts to verify that all contractual obligations were in complete accordance with established quality parameters, leaving no room for compromise on product or service excellence.
- Proactively collaborated with suppliers to facilitate compliance with implemented quality standards and other relevant certifications, fostering a culture of continuous improvement and striving for excellence in all aspects of the supply chain.
- Played an integral role in overseeing supplier audits to assess compliance with quality standards and ensure the organization's commitment to consistently delivering high-quality products and services.
- Acted as a strong advocate for the organization's reputation by safeguarding compliance with industry-specific certifications, fortifying the organization's market position as a trusted and reputable provider.
Stock Management
- Demonstrated expertise in strategic stock management, optimizing inventory levels to strike a fine balance between meeting operational demands and minimizing holding costs.
- Successfully implemented an efficient stock rotation system, such as the First IN, First OUT (FIFO) method, to ensure a seamless flow of goods and prevent obsolescence of inventory.
- Proactively analyzed stock turnover rates and demand patterns, enabling data-driven decisions to maintain optimal stock levels and prevent stockouts or overstocking scenarios.
- Effectively collaborated with cross-functional teams, including sales, procurement, and warehouse personnel, to synchronize stock replenishment with demand forecasts, streamlining supply chain operations.
- Spearheaded the development and execution of an internal procurement action plan, engaging the technical team to prioritize the utilization of slow-moving or dead stock items, significantly reducing carrying costs and maximizing resource utilization.
- Demonstrated a strong focus on product shelf life, maintaining a maximum of 30 days on shelves to minimize the risk of expired inventory and waste, ensuring products are delivered to customers with the highest quality standards.
- Utilized advanced inventory management software to track stock levels in real-time, enabling quick and informed decision-making for stock replenishment and ensuring accuracy in stock reporting.
- Championed a culture of continuous improvement by conducting regular stock audits, identifying areas for efficiency enhancement, and implementing best practices to streamline stock management processes.
- Leveraged data analytics and historical data to forecast stock requirements accurately, enabling proactive inventory planning and reducing carrying costs while ensuring product availability.
- Collaborated with suppliers and logistics partners to optimize lead times and streamline the stock replenishment process, achieving a smooth and efficient supply chain operation.
- Contributed to a substantial reduction in overall stock value through diligent stock control practices, freeing up working capital and positively impacting the organization's financial health.
Key Achievements
- Achieved a remarkable 20% reduction on common purchased item prices by maintaining an updated supplier database and implementing effective negotiation strategies.
- Expanded the supplier database by at least four new suppliers monthly, bolstering the organization's negotiating power and strengthening payment terms.
- Conducted thorough supplier performance evaluations based on ISO 9001 standards, ensuring the highest level of service delivery and compliance.
- Spearheaded an internal procurement action plan that led to a remarkable 41% reduction in total stocks value over one year, through efficient utilization of slow-moving/dead stock items.
- Secured agreements with two main International Fire Alarm Manufacturers, INIM from Italy and NSC Gmbh from Germany (NSC Gmbh), providing the organization with a competitive edge in the fire market.
- Purchased new products and oversaw inventory stocking and availability