Vaibhav Kotasthane

Senior Manager Purchase at PINNACLE INDUSTRIES LTD
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Location
Indore, Madhya Pradesh, India, IN
Languages
  • English -
  • Marathi -
  • Hindi -

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Experience

    • United States
    • 1 - 100 Employee
    • Senior Manager Purchase
      • Aug 2021 - Present

      Speciality Vehicle's.

    • Senior Manager Purchase
      • Aug 2021 - Present

      Speciality Vehicle's.

    • Canada
    • Civil Engineering
    • 1 - 100 Employee
    • Entrepreneur
      • Jul 2021 - Aug 2021

      Connecting Buyer's and Seller's across industries ... Connecting Buyer's and Seller's across industries ...

    • Senior Manager (Purchase)
      • Nov 2018 - Jul 2020

      Heading the Purchase department.

    • Senior Manager
      • Nov 2018 - Jul 2020

    • Deputy Manager - Procurement
      • Nov 2009 - Nov 2018

      Procurement(Heading the department & working at Corporate office in Gurgaon).Oversee the procurement capital equipment, steel, cement, equipment spares, bitumen, lubricants and transport contracts Interpret and explain Galfar’s purchasing policies and procedures to other Galfar departments and to vendors.Procurement Strategy development, Negotiating and Influencing, Procurement process, Supplier Evaluation, Contract execution, floating Enquiries, Material sources.Make effective Independent decisions/correspondence, Assertively Negotiate and manage commercial supplier relationships and contracts to deliver significant cost savings for the business.Sustain and develop a robust and responsive supply base that provides the needs of the business requirements. Write and submit supplier tender documents and draft subsequent commercial contracts.Identify risks in relation to assigned major contracts, Business arrangement, Support Development of the overall solution and individual supplier solution.Ensuring adherence to sound commercial principles and exploitation of knowledge from across the client.Solicit bids, secure written and telephone quotations from vendors, analyze bids, perform value and cost analysis and select products and vendors consistent with existing policies and procedures and assist other staff members in doing the same.Monitor order and contracts for compliance and performance; recommend cancellation of orders and contracts for non-compliance and non-performance.Manage the performance of Purchasing clerical functions, including routine correspondence, vendor list preparation, vendor applications and updates, bid and specification preparation, compilation of surplus equipment lists, and contract and records files maintenance.Communicate clearly, concisely and courteously, orally and in writing, and maintain effective business relationships with other employees, vendors, and the public

    • United Kingdom
    • Industrial Machinery Manufacturing
    • 1 - 100 Employee
    • Sr. Engineer (Purchase)
      • Apr 2006 - Nov 2009

      Oversaw the annual procurement budget of 5 Crores monthly which included procurement of capital equipment, equipment spares, lubricants and other Non-OE products for their LCV/UV plant at Pithampur. Managed the daily activity of 8 sub-ordinates. Placed and tracked an average of 450 weekly purchase orders. Re-distribution of Jobs to subordinates made the process faster and which resulted in attaining reduced pendency’s and equipment downtime. Negotiated new rebate structures for items which produced savings of INR 18 Lacs/PA. Negotiated fresh contracts for LPG transportation which resulted in prompt responses and timely deliveries which resulted in load reduction on the buyer who was assigned additional responsibilities.Continuously looking for fresh vendors / offers to ensure continuous cost reduction keeping the interest of the Company in mind.

    • India
    • Mining
    • 1 - 100 Employee
    • Officer
      • Jan 2004 - Mar 2006

      (Purchase)Oversaw the annual procurement budget of 2 Crores monthly which included procurement of capital equipment, equipment spares, lubricants and other Non-OE products for their Steel Plant project. Managed the daily activity of 4 sub-ordinates. Placed and tracked an average of 250 weekly purchase orders. Distribution of Jobs to subordinates as per qualifications made the process faster and which resulted in attaining reduced pendency’s and equipment downtime. Locating vendors in Ahmadabad/Baroda and Bombay and ensuring timely deliveries of the material on credit terms.Make effective Independent decisions/correspondence, Assertively Negotiate and manage commercial supplier relationships and contracts to deliver significant cost savings for the business.Sustain and develop a robust and responsive supply base that provides the needs of the business requirements. Monitor order compliance, recommend cancellation of orders for non-compliance and non-performance.Manage the performance of Purchasing clerical functions, including routine correspondence, vendor list preparation, vendor applications and updates, bid and specification preparation, compilation of surplus equipment lists, and contract and records files maintenance

    • Diploma Engineer Trainee
      • Jan 1995 - Jan 2004

      I was assigned procurement of Project procurement, Equipment spares, electrical spares, Hardware & misc. Items.Recommended Proper record keeping which helped find old records.Continuously, looking for vendor localization for curtailing costs, ensuring timely deliveries of materials & negotiating credit terms with vendors I was assigned procurement of Project procurement, Equipment spares, electrical spares, Hardware & misc. Items.Recommended Proper record keeping which helped find old records.Continuously, looking for vendor localization for curtailing costs, ensuring timely deliveries of materials & negotiating credit terms with vendors

Education

  • Institute of Management Studies, Indore
    Executive MBA., Finance, General
    2018 - 2021
  • IIM , New Delhi
    Certificate Course in Supply Chain Management., Supply Chain Management.
    2010 - 2011
  • Barkatullah University
    Bachelor of Commerce (B.Com.), Commerce
    2003 - 2005
  • Shri Vaishnav Polytechnic,Indore
    Diploma in Industrial Production Engineering, Production Engineering
    2000 - 2004
  • St. Paul's H S School
    10+2, PCM
    1986 - 1988

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