Project Design - Procurement
Current▪ Led procurement initiatives for packaging materials, achieving an annual cost savings of 25% through strategic sourcing and supplier negotiations.▪ Successfully reduced vendor-related expenses by 5% through negotiations and process optimization.▪ Collaborate with cross-functional teams, including procurement, logistics, and quality assurance, to improve vendor relationships and resolve issues.▪ Analyze vendor costs and performance data to identify cost- saving opportunities and process improvements.▪ Streamlined the vendor onboarding process, resulting in a 10% reduction in the time required to onboard new vendors.▪ Implemented a vendor scorecard system to objectively evaluate vendor performance, leading to improved accountability and service quality.▪ Reduced costs by up to 25% YoY through multiple procurement strategies and negotiation levers.▪ Reduced the excess inventory by 75% YoY by developing an agile and just-in-time supply chain.▪ Reduced damages to less than 0.1% from 5% through standard vendor quality evaluation process.▪ Develop and implement vendor management strategies to enhance the overall efficiency of the supply chain.▪ Identify and assess potential vendors, negotiate contracts, and establish long-term relationships with key suppliers.▪ Conduct vendor performance evaluations and monitor key performance indicators (KPIs) to ensure vendor compliance and quality of service.
