N M. Panchal Email and Phone Number

Career Summary• A Graduate Mechanical Engineer with over 25 years’ of experience in various facets of procuring materials from national and international markets.• Expertise in developing local vendors, reducing the cost of procurement of material.• Successfully implemented vendor development programmes including training for vendors.• Experienced with implementing systems of Inventory Management avoiding over-stocking or wastage.• Working knowledge of SAP, BAAN, ERP, UNIX, and ORACLE.Key SkillsFor Purchase management• Setting up the weekly, monthly, quarterly procurement plan.• Procurement of raw material from national and international market.• Development of alternative local sources for imported raw materials which helps in cost saving.• Purchasing machines with improved technology to increase production.• Planning and budgeting of purchase functions, involving cost estimation, contract negotiations.• Inviting and allotting tenders. Liaison with the production department to maintain optimum inventory.• Implementing systems to avoid situations like over-stocking or out-of-stock which cause production and financial losses.• Liaison with finance department for timely payment of bills.• Developing reports on procurement and usage of material for top management.For Vendor Development• Effective management of vendor database.• ABC classification of vendors on the basis of criteria like cost, quality, timely delivery etc.• Development of new vendors.• Conducting trainings for vendors to educate them about company’s requirements and help them in improving their performance.• Evaluating vendors & negotiating the price, delivery schedule and terms and conditions with them.• Running programmes to evaluate vendors based on the feedback from internal stake holders.• Developing reports on various programmes run for vendor development for top management.For Stores Management