Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

DHAVAL KOSHTI

Burlington,Canada

Summary

Procurement Specialist with 6+ years of experience in purchasing, contract management, and strategic sourcing for manufacturing and High-Precision Medical industries. Proven ability to lead procurement initiatives, implement cost-saving strategies, and manage frame contracts with global suppliers. Expertise in SAP procurement ERP/MRP systems, vendor negotiations, and cross-functional collaboration across international teams. Adept at start-up environments, process optimization, and serving as a subject matter expert between stakeholders. Certified Supply Chain Management Professional passionate about leveraging data and technology to create industry-leading procurement solutions.

Overview

9
9
years of professional experience
1
1
Certification

Work History

Supply Chain and Inventory Specialist

Meditech International Inc
08.2022 - Current
  • Developed and implemented an inventory management system using Lean Six Sigma principles, improving accuracy and reducing discrepancies.
  • Leveraged advanced forecasting techniques, including demand planning and historical data analysis, ensuring 95% stock availability.
  • Negotiated with international and North American vendors using advanced negotiation techniques, reducing procurement costs by 20%.
  • Strengthened vendor relationships by ensuring on-time delivery and maintaining a 98% satisfaction rate on quality and service levels.
  • Coordinated purchase orders, stock transfers, and deliveries, resulting in lead times and seamless goods flow.
  • Implemented demand forecasting initiatives, preventing both overstocking and stockouts, generating notable cost savings for a company.
  • Analyzed procurement data using Power BI and SQL, identifying supply chain bottlenecks, leading to a 25% improvement in process efficiency.
  • Generated detailed purchase and pricing reports using advanced Excel and Power BI, identifying $100K in cost-saving opportunities.
  • Conducted end-to-end supply chain analysis to identify and resolve bottlenecks, leading to a 70% improvement in order fulfilment rates.
  • Led weekly cycle counts, enhancing inventory accuracy and addressing discrepancies proactively.
  • Ensured 100% compliance by maintaining accurate purchase order, pricing, and inventory records, reducing audit discrepancies.
  • Managed a $5M supply chain budget, ensuring 90% budget adherence, and immediately notifying the CFO of variances, improving cost control.
  • Investigated all invoice exceptions to purchase orders or contracts, obtained approvals for accounting for final payment process.

Procurement Officer

BioBest North America
05.2021 - 07.2022
  • Identified and onboarded 5 new suppliers, enhancing procurement quality through data-driven RFQ analysis of supplier performance.
  • Negotiated pricing and contractual terms, securing a 10% reduction in procurement costs and maintaining 100% compliance with quality standards.
  • Negotiated cost-effective purchasing agreements with external vendors, resulting in $250K in annual savings.
  • Fostered strong relationships with internal and external stakeholders, ensuring 98% supplier alignment with operational needs.
  • Aligned internal and external customer requirements, reducing supply-demand variation and improving service levels.
  • Implemented vendor KPIs and scorecards, which improved supplier performance and successfully scored 3 secondary suppliers.
  • Processed over 100 purchase orders monthly, ensuring 100% procurement alignment with operational needs and maintaining 95% inventory accuracy.
  • Improved communication regarding delivery delays, reducing internal customer complaints through proactive updates and follow-ups.
  • Collaborated with internal stakeholders, optimizing inventory levels through regular MRP data updates and reduced excess stock.

Junior Buyer

Shashwat Steel Ltd
07.2016 - 12.2018
  • Created, processed, and managed RFIs, RFQs, PRs, and POs, reducing invoice discrepancies through timely resolution.
  • Negotiated contracts, delivery schedules, and rebates, securing $1M in cost savings by leveraging advanced negotiation and vendor management.
  • Utilized rolling forecasts and historical trend analysis to synchronize inventory, achieving 0% stockouts and optimizing order flow.
  • Ensured 100% on-time delivery with accurate product quality and quantity by coordinating with suppliers and logistics teams.
  • Led the successful implementation of SAP Business One, reducing procurement processing time and improving order tracking accuracy.
  • Forecasted purchasing trends, reducing lead times by 20% and ensuring a 100% guarantee of supply for critical materials.
  • Conducted weekly inventory audits, improving inventory accuracy and achieving EOQ for critical stock, reducing discrepancies.
  • Performed root cause analysis on customer and vendor quality issues using Six Sigma methodologies, ensuring 95% consistency in quality delivery.
  • Managed customer supply chain fundamentals, improving alignment with delivery schedules and customer expectations, ensuring on-time delivery rates.
  • Prepared and presented MIS reports and performance analysis, enabling top management to make data-driven decisions and improved procurement efficiency.

Education

Master of Engineering - Industrial Engineering

University of Windsor
08.2020

Bachelors of Engineering - Mechanical Engineering

Gujarat Technological University
06.2016

Skills

  • Procurement & Contract Management: Purchase order management, Contract Management, Procure to Pay, Supplier negotiations
  • Strategic Sourcing: Supplier identification/qualification, cost-saving initiatives, Supplier Relationship Management
  • Supply Chain Management: Inventory Management, International Logistics, Process Improvement, Risk Management
  • Cross-functional Collaboration: International stakeholder alignment, mentoring new hires, Project Management
  • Data Analytics: Power BI, SQL, Python, Advanced Excel (purchasing reports, cost analysis)
  • Quality Management: Vendor KPI measurement, ISO Certification Compliance, CIPS/CSCP knowledge, QMS, Supplier Scorecard

Certification

  • Supply Chain Management Professional (SCMP)
  • Rutgers University
  • Apr 2020

Timeline

Supply Chain and Inventory Specialist

Meditech International Inc
08.2022 - Current

Procurement Officer

BioBest North America
05.2021 - 07.2022

Junior Buyer

Shashwat Steel Ltd
07.2016 - 12.2018

Bachelors of Engineering - Mechanical Engineering

Gujarat Technological University

Master of Engineering - Industrial Engineering

University of Windsor

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