Pranav Ramakrishnan

JOB DESCRIPITION

• Maintained current understanding of pricing structures, market conditions and trends in industry.
• Set up and negotiated contracts to obtain favorable pricing and delivery structures.
• Built relationships with vendors to negotiate ideal terms for purchases.
• Maintained current understanding of pricing structures, market conditions and trends in industry to identify opportunities for savings and cost reduction.
• Negotiated contracts with suppliers to obtain favorable terms and pricing and set up and negotiated contracts to obtain favorable pricing and delivery structures.
• Utilized data analytics and business intelligence tools, to optimize procurement processes and identify cost-saving opportunities.
• Developed and implemented processes and procedures to streamline purchasing process and reduce costs.
• Conducted market research to identify and assess potential suppliers and vendors in the region.
• Negotiated complex corporate procurement contracts by working closely with internal and external contacts.
• Tracked purchase orders and followed up with vendors and carriers to support timely deliveries.
• Reviewed and issued contracts and blanket purchase orders after choosing ideal vendor and drive procurement process.
• Analyzed market conditions to make informed decisions on pricing and purchasing strategies.
• Managed the Procurement Status Report (PSR) and actively monitored progress to achieve planned/forecast dates

JOB DESCRIPITION

• Generated purchase orders and worked orders in SAP, monitored overdue payments and followed up with accounts team for Proforma Invoice and settling of overdue payments
• Resolved supply, quality, service and invoicing issues with vendors, evaluated and reviewed procurement documents and participated in facility inspections.
• Executed daily requirements of pipe, flanges, pumps, valves for Mechanical department, cables, wire, switch gear, motor for Electrical department, gauge, instrument cable, calibration devices for Instrumentation department and lab chemical for ETP, MEE & QC.
• Spearheaded vendor negotiation strategy that resulted in 10% reduction in procurement costs and 25% improvement in vendor relations, leading to increased production capacity and timely delivery of products.
• Developed division business plan to support corporate goals for total inventory, turn rates and aged inventory, approved requisitions, placed purchase orders and expedited goods and services to meet Just In Time (JIT) inventory controls.
• 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.