Rakshak Rai

Procurement professional with over 3 years of experience managing packaging material sourcing, vendor negotiations, and supply chain optimization across FMCG and pharmaceutical industries. Skilled in cost optimization, vendor development, and digital procurement platforms (SAP S/4HANA, Ivalua, Blue Yonder). Seeking to leverage procurement expertise and analytical skills in a challenging role.

Procurement Officer - ITC Limited - India

(2024-10)

• Managed procurement of packaging material for key ITC (FBD) categories — Chocolate, Coffee, Confectionery, Biscuit & Atta — across various geographical locations in India.
• Handled procurement of packaging materials for key brands including Candyman, Aashirvaad, Sunbean, Jellimals, Fabelle, Fantastik, Sunfeast, Mint-O, Mom's Magic, and Bounce.
• Led cost optimization projects and ensured right material availability at the right time, price, and quantity to support business opportunities.
• Shared schedules with vendors, monitored order status and inventory levels, and coordinated rescheduling based on production fluctuations.
• Managed supplier relationships to ensure timely connectivity of packaging materials per category requirement.
• Negotiated and finalized vendor contracts to optimize pricing structures and delivery schedules.
• Analyzed market trends to optimize purchasing strategies and reduce costs.
• Developed alternate sourcing options to secure cost benefits and reduce supply risk.
• Identified green channel vendors for continuous connectivity of quality material at the plant.
• Ensured adherence to procurement policies to enhance compliance and process efficiency.
• Analyzed vendor-wise purchases and savings; prepared MIS, monthly, provisions, exceptional, and budget price reports.

Procurement Officer - Juggat Pharma

(2023-06 - 2024-10)

• Floated RFQs and compared vendor quotations.
• Negotiated price, freight, payment terms, and other commercial conditions.
• Monitored vendor performance on cost, quality, delivery, and service.
• Created purchase orders in line with approved commercial terms.
• Shared schedules with vendors and followed up for timely material connectivity.
• Tracked open POs and ensured timely order fulfillment.
• Resolved material and supplier-related issues promptly.
• Monitored stock levels, consumption, and material requirements to prevent stock-outs and excess inventory.
• Prepared MIS and procurement reports for management review.
• Developed new vendors to improve competitiveness and supply security.
• Analyzed spend and vendor-wise purchases and savings.

Purchase Executive - Organic Industries Pvt Ltd.

(2022-11 - 2023-05)

• Analyzed purchasing requisitions and floated RFQs to obtain competitive quotations.
• Analyzed price, commercial terms, and cost structures.
• Negotiated price, payment terms, MOQ, and other commercial terms.
• Created purchase orders and shared schedules with vendors.
• Followed up for timely material connectivity and coordinated with suppliers for urgent requirements.
• Supported audits and maintained proper procurement documentation.
• Identified supply risk and developed new vendors.

Master of Business Administration - Finance - A J Institute of Management, Kottara Chowki, Mangalore (2020)

Bachelor of Commerce - Sapientia Bethany First Grade College, Nellyadi (2018)