Ritik Sharma
Toronto,Canada
Summary
A results-driven professional with 4+ years of experience in procurement and sourcing. Proven ability to manage supplier relationships, negotiate contracts, creating PO’s and develop cost-saving strategies. Possess excellent communication, interpersonal, and analytical skills. Adept at collaborating with cross-functional teams to achieve organizational goals. I have recently graduated from George Brown college, Toronto ,with a post -graduate diploma in international business Management (GPA=3.4)
Overview
8
8
years of professional experience
Work History
Procurement Analyst
TD Synnex
Mississauga, Ontario
04.2024 - Current
- Lead the planning and management of software renewals in collaboration with the Procurement Manager, ensuring all software purchases are tracked against deployed software and budget.
- Responsible for the accurate tracking and reporting of software licenses, ensuring alignment with budgeted costs and actual spending.
- Managed inventory to meet department objectives for on-hand stock, days of supply, and aged stock, working with PM to develop action plans to address excess, constraints, and low-turn inventory.
- Managed software procurement lifecycle, from tracking license deployment to ensuring renewals are completed on time and within budget.
- Worked with cross-functional teams to ensure software assets were tracked accurately, reconciling data discrepancies between procurement, finance, and IT.
Buyer II
Welbilt Inc.
Toronto, ON
11.2023 - Current
- Conducted end-to-end (P2P) procurement processes for both Indirect and Direct Operations, including product/service sourcing, supplier selection, pricing/terms negotiation, order processing, contract administration, and supplier performance management.
- Identify, research, and evaluate suppliers based on organizational standards of price, quality, timing, and reliability of supply.
- Proactively assess sales and promotional campaigns, leveraging opportunities to secure reduced prices and favorable terms.
- Analyze and evaluate supplier bids, tenders, proposals, or quotations; negotiate prices and delivery conditions; and commit to purchases within established limits of authority, ensuring terms are in the organization's best interest.
- Interpret inventory requests, production schedules, purchase requisitions, and orders to coordinate purchasing activities, aligning them with current and anticipated demand.
- Monitor the quality and timeliness of materials and goods supplied; follow up on the status of purchase orders with vendors to ensure timely delivery; and communicate order status with internal customers.
Sales & Contract Administrator
Single Point International Group
02.2022 - 10.2023
- Provided exceptional customer service to 100+ diverse client even in high-stress culture,Boosted new Customer NPS score by 10%
- Managing contract plans and project specifics for thorough understanding resulting in the retention of 13%
- Negotiated optimal contract terms and conditions to lessen business risk and maximize financial objectives Analyze all critical information into the agency's database and maintained confidentiality to keep information secure
- Negotiated with bidders to achieve fair, reasonable, and positive outcomes for customers Trained and Assisting 6 new employees on conflict resolution and CRM
- Achieved 95% average Customer satisfaction rating, surpassing team goal by 15% Reduced expenditures by 8% through implementing cost-saving measures
Strategic Sourcing Analyst
Maruti Suzuki Pvt Ltd
08.2019 - 07.2021
- Collaborated with Sourcing Manager to manage vendor, costing, and assortment of their category management activities to ensure better risk management, resulting in cost-saving strategies and negotiated contracts with vendor
- Maintained pricing functionality based in SAP RFQ, and pricing conditions, ensuring accuracy
and consistency across all stakeholders and created purchase orders. - Managed SAP maintenance, created new listings, and resolved articles, resulting in efficient
and effective inventory management and demand forecasting. - Tracked KPIs and SLAs on vendor and article performances, providing insights for continuous
improvement and optimized decision-making in SAP, manage the Procure 2 Pay process. - Collaborated with cross-functional teams, aligning tooling requirements with project timelines,
contributing to a 95% successful on-time delivery rate of capital tooling and minimizing
production delays. - Conducted audits of contract files, ensuring completeness and accuracy of documentation
Strategic Sourcing Specialist
Yashpal&Co
03.2017 - 07.2019
- Conducted extensive research on market trends and competitors, resulting in the development of effective sourcing strategies that reduced costs by 15%
- Negotiated all commercial aspects of tooling purchases, including payment terms and volume discounts, resulting in significant cost reductions
- issued RFQ packages, containing technical specifications, resulting in a 20% increase in supplier response rate and Contract Changes (CC), ensuring accuracy and adherence to procedures.
- Effectively managed CMS and Sharepoint for documentation management, ensuring accessibility and organization
- Provided regular updates to management and stakeholders on procurement status, potential risks, and cost-saving opportunities a 15% increase in overall profitability.
Education
Bachelor of Science - Mechanical & Automation Engineering
Guru Tegh Bahadur Indraprastha University
Post-Degree Certificate - Financial Planning
George Brown College
Toronto, ONPost-Degree Certificate - International Business Management
George Brown College
Toronto, ONSkills
- SAP S4/HANA & Ariba, Sage X3, QAD and MS Excel
- Organizational Skills
- Communication, Documentation and reporting
- Self-motivated ,accountable and Detail- oriented
- Inventory control and optimizing stock levels
- Vendor Management, Contract Management, Negotiation
- Purchase Administrator, Procure 2 Pay
- Forecast & Inventory Purchasing
Accomplishments
- Conducted in-depth cost breakdown analysis on 60+ supplier quotations, identifying $100K in cost-saving opportunities and guiding data-driven purchasing decisions
- Developed and implemented a new supplier evaluation system, resulting in a 20% increase in supplier performance and on-time delivery rates
- Improved inventory turnover by 15% through the implementation of a new forecasting system and collaboration with cross-functional teams
- Identified and addressed supply chain inefficiencies, resulting in a 25% reduction in lead times and improved inventory management.
Education
Toronto, ON,Toronto, ON
Contact
Toronto Canada
Timeline
Procurement Analyst
TD Synnex
04.2024 - Current
Buyer II
Welbilt Inc.
11.2023 - Current
Sales & Contract Administrator
Single Point International Group
02.2022 - 10.2023
Strategic Sourcing Analyst
Maruti Suzuki Pvt Ltd
08.2019 - 07.2021
Strategic Sourcing Specialist
Yashpal&Co
03.2017 - 07.2019
Bachelor of Science - Mechanical & Automation Engineering
Guru Tegh Bahadur Indraprastha University
Post-Degree Certificate - Financial Planning
George Brown College
Post-Degree Certificate - International Business Management
George Brown College
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