Venkat Narra

Highly accomplished and results-oriented Senior Purchase Executive with 12+ years of experience in strategic sourcing, vendor management, contract negotiation, and procurement process optimization. Proven ability to drive cost savings, improve supply chain efficiency, and build strong vendor relationships. Expertise in sourcing, negotiation and adept at navigating the complexities of the Indian market. Seeking a challenging role to leverage expertise and contribute to organizational success.

Sr. Procurement Executive - International Flavours & Fragrances India Private Limited (Flavours Div)

(2023-09)

• Raising purchase orders & procurement of material as per the monthly plan (Raw Materials, civil materials, interior materials packing items & consumables, IT Materials, Tools & tackles and OEM parts. etc.) by using SAP MM Module
• Identifying Vendors, Negotiating Payment terms and Prices, PR to PO Making
• Taking Immediate Actions for the Raw Materials and Packing Materials required on Urgent basis with prior intimation to my Incharge
• Making Vendor follow ups until material received to site.
• Timely clearance of Payments and Solving payment issue invoices by coordinating with finance team
• Given clear instruction to warehouse team to maintain Safety stock
• Evaluate vendor's quotation by means of Commercial Bid Evaluation to ensure that they are in line with the technical and commercial specifications required for the project.
• Assist with daily operational purchasing needs such as planning, issuing and following up on Purchase Orders delivery and shipment schedules
• Resolve supply, quality, service and invoicing issues with vendors.
• Completing Purchase Order forms and issuing Purchase Orders in accordance with applicable Client Purchasing Policies and Procedures.
• Evaluate supplier performance based on quality standards, delivery time & best prices and ensure all the criteria are met according to the organizational requirements and expectations.
• Responsible for implementing internal procurement strategies to cater to high delivery and short lead time requirements.
• Liaison with finance department for timely payment of bills and P2P process constantly.
• Maintain records on purchase information regarding purchases of material, price, quantity purchased and invoice details.
• Prepare the CAPEX / OPEX budget documents as per requirement
• Monitor the inventory levels daily for asset disposals
• Plan, schedule, and monitor daily inbound and outbound shipments Check with CHA person about the shipment clearance like (ETA and Vessel details, Liner payment clearance, Bill of Entry, Duty Amount, Vehicle arrangements, and Liner agreements through Portal), E waybill generation provide to CHA person for PART – A

Purchase executive - Apache footwear India Pvt ltd

(2012-08 - 2023-05)

• Getting quotations from suppliers as per RFQ's from customers.
• Selecting the suitable best quotation (quality), Price negotiations based on different quotations.
• Responsible for order placement, supply, material replenishment and supplier performance.
• Controlled purchasing budget reviewed tenders and bids as well as sourced most affordable materials for firms' manufacturing process.
• Built a competitive bidding environment that encouraged a broad range of suppliers and increased bidders' participation by 90%.
• Analyze the suppliers to select the most suitable suppliers who are able to deliver high quality products at competitive pricing.
• Responsible for implementing internal procurement strategies to cater to high delivery and short lead time requirements.
• Collected operations data and created spreadsheets detailing trends and recommended senior management which informed their decisions.
• Managed procurement supplier relationship for the firm and developed sourcing strategies.
• Developed annual budget & work-plan along with strategies for implementation of projects.
• Raising purchase orders & procurement of material as per the monthly plan (Raw Materials as per BOM).
• Raising purchase orders & procurement of material as per the monthly plan (Raw Materials, packing items & consumables, IT Materials, Tools & tackles and OEM parts. etc.) by using ERP and SAP MM.
• Responsible for timely release of Delivery schedule with time plan to suppliers at all levels with minimum standard-planned variance.
• Responsible for converting planned orders to production order based on material availability.
• Review purchasing agreements with vendors and maintain open lines of communications with those vendors.
• Develop an active process for measuring supply inventory and determining purchasing needs based on quarterly and annual numbers.
• Stay up to date with industry trends and establish long-term purchasing arrangements with vendors when it is beneficial to the company.
• Compare product deliveries with issued purchase orders and contact vendors when there are discrepancies.

Master of business administration - MBA - JNTU Anantapur (2010 - 2012)

Bachelor of Arts - BA - BA SG GOVT DEGREE COLLEGE SV UNIVARCITY (2003 - 2006)