Avinash Thakur Email and Phone Number
Skilled and results-driven Contracts and Procurement Manager with over 11 years of experience in Oil & Gas, Indian Railways, and Power Sectors | OPITO BOSIET Certified | Expertise in Strategic Sourcing, Contract Negotiation, and Supply Chain Management | Proven Success in Optimizing Procurement Processes for Cost Savings and Operational Efficiency | Track Record of Managing Complex Projects, Mitigating Risks, and Securing High-Value Contracts | Committed to Sustainability, Ethical Sourcing, and Continuous Improvement.Key Achievements:i. Cost Reduction: Successfully achieved $3 million in annual savings through global procurement optimization, reducing procurement costs by 20%.ii. Process Improvement: Implemented automated procurement systems, cutting procurement cycle time by 60%, from 25 days to 10 days.iii. Risk Management: Developed and implemented a supplier risk mitigation strategy, reducing supply chain disruptions by 50%.iv. Vendor Management: Enhanced vendor performance by 30% through strategic partnership programs and regular performance reviews.v. Sustainability: Increased procurement of sustainable products by 35%, aligning procurement practices with corporate sustainability goals.vi. Financial Impact: Saved $2 million through budget optimization and strategic contract renegotiations.vii. Team Leadership: Boosted team productivity by 40% by developing comprehensive training programs and fostering cross-functional collaboration.viii. Technological Innovation: Improved procurement efficiency by 50% through the implementation of an e-procurement system.Core Competencies:a. Strategic Sourcing & Procurementb. Contract Negotiation & Managementc. Supplier Relationship Managementd. Risk Assessment & Mitigatione. Cost Reduction & Budget Optimizationf. Process Automation & Improvementg. Sustainability & Ethical Sourcingh. Data Analysis & Decision Makingi. Team Leadership & Developmentj. Technological IntegrationContact Info : +91 7488279200Email Id: avinashthakurengr@gmail.com
Westfield Energy Resources Limited
View- Website:
- westfieldenergy.com
- Employees:
- 161
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Manager - Contracts And ProcurementWestfield Energy Resources LimitedMumbai, Mh, In
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Contracts And Procurement ManagerWestfield Energy Resources Limited Jan 2024 - PresentLagos State, NigeriaDrafting & Negotiation: Develop and negotiate contracts with vendors to secure optimal terms and address offshore challenges.• Compliance Oversight: Ensure contracts adhere to offshore regulatory standards and company policies, monitoring throughout their lifecycle.• Risk Mitigation: Identify and mitigate risks, resolving disputes promptly and effectively.• Supplier Selection: Evaluate and manage suppliers for offshore needs, focusing on quality, reliability, and cost-efficiency.• Strategic Sourcing: Implement sourcing strategies tailored to offshore environments for enhanced procurement efficiency.• Cost Control: Negotiate to maximize cost savings while maintaining high quality and delivery standards.• Regulatory Compliance: Ensure procurement practices meet offshore environmental, health, and safety regulations.• Logistics Management: Oversee logistics for timely delivery of materials to remote offshore locations.• Inventory Control: Manage inventory to prevent shortages and optimize stock levels for operational continuity.• Internal Coordination: Collaborate with engineering, operations, and finance to align procurement with project needs.• External Relations: Build and maintain strong relationships with suppliers, contractors, and regulators.• Market Insight: Analyze trends and supplier performance to refine procurement strategies and adapt to offshore conditions.• Budget Oversight: Develop and manage procurement budgets, ensuring alignment with financial goals.• Performance Reporting: Prepare and present reports on procurement performance and financial metrics.• Team Leadership: Lead and mentor procurement professionals, fostering a high-performance culture.• Professional Development: Provide training to keep the team updated on best practices and offshore trends
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Procurement ManagerA.Paul Group Mar 2022 - Dec 2023IndiaRoles & Responsibility:1. Sourced and introduced 12 Hardware and software distributors successfully managing $15K expense.2. Negotiated with 300 vendors to obtain the best price for supplies and equipment’s, saving the company $ 75K in Q2, 2022.3. Decreased the work capital by increasing payment terms to 45 days for Major Parts.4. Initiated measures that led to a 78% cost reduction on product purchases, leading to a $50K in Q1 ,20225.Reduced administrative overhead by initiating16 procedures manuals for purchasing tasks, slashing costs by $7.5KAchieved a savings of $73K via enhanced procurement practices by successfully 6. managing 7 cross – functional teams to integrate global sourcing strategies in China, Taiwan , Hong Kong, Japan , Korea , Netherlands , USA, Germany .7. Improved on time delivery rates by 59% while maintaining performance metric in compliance with customer satisfaction.8. Analyzed and re-structured the internal process for handling inventory achieving a 90% reduction in inventory levels.9. Introduced a new process that automated works orders, reducing labor costs by 32%.10. Enhanced vendor relation through communication including , plant visits , in-house meetings and phone calls which improved product quality , reduced lead time and lowered costs by 14%.11. Coordinated with accounting concerning pricing disputes, facilitated cooperative working relationships with company and 12. vendors while maintaining over 92% vendor retention rates.12. Developed and executed three process improvement plans to expedite the return of the defective material to suppliers, increasing inventory accuracy and freeing capitals.13. Created and updated freight rates database for supply chain department to use in determining to use in determining the most cost effective forms of transportation, leading to a consolidated rate of $0.5 from $1. Contact Info : +91 7488279200Email id : avinashthakurengr@gmail.com -
Senior Procurement Engineer ( Project)Sterling Oil Exploration & Energy Production Co. Limited Feb 2018 - Mar 2022Lagos, NigeriaCompany Profile : Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) is a venture from the Sandesara Group, diversified in Petroleum Exploration and Production, which works in the sector of oil and Gas ( UPStream and DownStream) .* Determine the needs of the company in regard to machinery and supplies necessary for safe operation; adjust inventory accordingly, saving 55% of the assigned budget.* Research and meet with potential suppliers to compare products, prices and lease terms, and make the best decision for the company.* Negotiate sales agreements with selected vendors to get the best value and periodically revisit and renegotiate contracts.* Slashed overall spend; identifying potential cost saving innovations, resulting in $4.9 million.* Implemented global strategies providing cost savings and mitigation of supply chain risk.* Evaluated risks of domestic and foreign sourcing decisions.* Developed, managed and assessed new and existing global suppliers to meet BOM requirements and specifications, while implementing VA/VE (value analysis/value engineering).* Lead QAVs and have onboard 4 new suppliers, resulting in $4.1 million in cost savings.* Oversaw fabrication and assembly of finished items.* Communicated with customers, manufacturers, vendors, and fabricators to obtain required information and solve problems.*Tracked bank guarantee , letter of credit application and amendments.Project Handled : 1. OML-13 EPF Oil Field Block (Akwa Ibom State -Nigeria) ; Storage Terminal 400k Barrel with Project Value : USD 3.15 Billion.2. OML143 Oil Field Block( Kwale Delta StateNigeria) (onshore) 125million standard cubic feet (mmscf) of gas per day with Value : USD 2.1 billion.3. SPM for crude Transfer Pipeline Project (Akwa Ibom State- Nigeria) : (offshore ) with Value : USD 3 Billion4. Jetty Flow Station (Delta Kwale State - Nigeria) with Value USD 2 Billion -
Procurement Engineer- ProjectMacawber Beekay Pvt Ltd. Jul 2014 - Jan 2018Noida, Uttar Pradesh, IndiaCompany Profile : Macawber Beekay is the leading company in India in providing complete turnkey solution to power industry for material and Ash handling Systems.Roles & Responsibility :* Developed and implemented Supplier Performance Index to track top 40 suppliers in on time delivery and quality performance.Sent a monthly scorecard and follow up with corrective action for any poor performing suppliers.* Created Supplier Quality Manual to outline all requirements for purchased parts.* Developed Supplier Audit Program; perform audits on top 40 suppliers ensuring they meet all requirements set forth.* Worked with Asia Procurement team; locate and qualify suppliers in Asia as a low-cost alternative to domestic suppliers.* Developed supplier qualification program, initial site audit..* Worked with Quality and engineering to create control plans for purchased parts.* Reviewed suppliers for quality, cost and responsiveness, making changes where necessary to create a more streamlined process for the company.* Evaluated inventory tracking technology to determine which software best maximized the company’s efficiency.* Identified opportunities to reduce the use of an inventory of 3,000 products and thereby reduce costs for the company.Major Project Handled : Power projects of client majorly NTPC , BHEL , APGENCO and State Owned Electricity Producer , Reliance , ADANI , ESSAR , BGR ENERGY and Overseas Client i.e Petro Vietnam , Lillama , Clyde Bargemen , UK etc. having Project Value of around USD 30 Million each
Avinash Thakur Education Details
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Vishveshwara Technology KarnatakaA -
Ram Raja CollegeA
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Green Valley Secondary Boarding SchoolA
Frequently Asked Questions about Avinash Thakur
What company does Avinash Thakur work for?
Avinash Thakur works for Westfield Energy Resources Limited
What is Avinash Thakur's role at the current company?
Avinash Thakur's current role is Manager - Contracts and Procurement.
What schools did Avinash Thakur attend?
Avinash Thakur attended Vishveshwara Technology Karnataka, Ram Raja College, Green Valley Secondary Boarding School.
Who are Avinash Thakur's colleagues?
Avinash Thakur's colleagues are Kelechi Uchendu, Sabhyta Arora, Jonah Maji, Innocent Efe, Musa Abuaakar Hassan, Abubakar Musa, Onyekaonwu Benedict.
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