ANKIT PATI
Edmonton,AB
Summary
With 2 years of experience in Strategic Sourcing and Procurement, specializing in optimizing supply chains and driving cost savings. I'm adept at using MS Office and ECRS to support projects up to $50M in dynamic startups or established companies. A few skills include strategic sourcing, contract negotiation, and supplier management, all while leveraging technology for better results. Excelled in cross-functional collaboration and thrived in both independent and team settings. With a track record of delivering measurable results in fast-paced environments.
Overview
4
4
years of professional experience
Work History
Purchasing Specialist
L'OCA Quality Market
02.2024 - Current
- Spearheaded the development of sourcing strategies in collaboration with cross-functional teams, achieving a 25% reduction in procurement costs across $50M projects and a 2% improvement in supplier performance metrics over 12 months
- Collaborate with stakeholders to define sourcing requirements and purchasing agreement
- Engaged with stakeholders to define precise sourcing requirements and crafted 15 comprehensive purchasing agreements, aligning with business objectives and enhancing operational efficiency
- Resolve supplier issues and conflicts in a timely and effective manner to ensure continuity of supply
- Established and nurtured strategic relationships with 20 key suppliers, driving a 30% increase in collaborative initiatives and securing long-term value for the organization
- Translating the item data and key details into the ERP system (ECRS)
- Proactively managed and resolved supplier issues, reducing supply disruptions by 40% and maintaining a 99% on-time delivery rate
- Integrated an ERP system (Catapult) and meticulously translated item data into ECRS, resulting in a 50% increase in data accuracy and operational efficiency
- Leveraged data analytics to monitor market trends and price fluctuations, optimizing inventory levels and reducing carrying costs by 20%, while enhancing risk management and process improvement strategies.
Procurement Specialist
Children International
02.2021 - 03.2022
- Optimized the supply chain: Implemented strategies that improved delivery times and reduced inventory holding costs, making our supply chain more efficient overall.Collaborated with cross-functional teams to forecast demand, ensuring optimal inventory levels, and preventing stockouts
- Forecasted demand with cross-functional teams: Worked closely with various departments to accurately forecast demand, which helped maintain optimal inventory levels and prevent stockouts
- Transformed data into actionable insights: Analyzed historical sales and demand data using advanced Excel functions like INDEX, MATCH, and Pivot Tables to create models that guided necessary business changes
- Managed on-time product delivery: Monitored shipment statuses and maintained constant communication with vendors to ensure that products were delivered on time
- Executed and updated Purchase Orders: Utilized SAP MM for Purchase Order execution and updated the Bill of Material (BOMs) to keep project-specific requirements accurate
- Conducted supplier assessments and maintained quality: Regularly assessed and audited suppliers to ensure they met high-quality standards and adhered to industry regulations.
Education
Post graduation Diploma - Supply Chain and logistics Management
Lambton College,
12.2023
Bachelor's in Commerce - commerce
Amity University
Kolkata, India07.2021
Certificate in Business Analytics - Business
Harvard Business School
Boston Massachusetts04.2024
Lean Six Sigma Green Belt - Supply Chain Management
Simplilearn
California, USA06.2022
Skills
- Strategic Sourcing
- Supplier Relationship Management (SRM)
- Contract Negotiations
- Procurement Analytics
- Risk Management
- Tools: Microsoft Office, SAP MM, and ECRS
- Data organization
- Inventory Management
- Cost-reduction strategies
- Demand forecasting
- Soft Skills: Excellent leadership, problem-solving, analytical thinking, and communication skills
Languages
English
Full Professional
Timeline
Purchasing Specialist
L'OCA Quality Market
02.2024 - Current
Procurement Specialist
Children International
02.2021 - 03.2022
Post graduation Diploma - Supply Chain and logistics Management
Lambton College,
Bachelor's in Commerce - commerce
Amity University
Certificate in Business Analytics - Business
Harvard Business School
Lean Six Sigma Green Belt - Supply Chain Management
Simplilearn
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