Ankit Kumar
Regional Sourcing Manager @Nefab
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WORK HISTORY
Regional Sourcing Manager @Nefab
Mississauga, ON, CA
Proactive procurement specialist with a strong knowledge of the packaging industry. Responsible for securing raw-material, sub-components, finished goods, and indirect procurement. Developed and executed sustainable multi-material sourcing strategies. Optimized engineering design, materials, and process selection. Benchmarked the packaging industry to drive lowest cost, industry leading quality, and continuity of predictable supply. Coordinated with the global sourcing community and stakeholders on market trends, price situation, raw material shortages, and important market changes.• Established strategic supplier relationships to develop effective low-cost solutions and negotiate win-win agreements. • Slashed monthly inventory by while avoiding customer shortages and backorders.• Increased sales by 15% by onboarding new suppliers and adding 10 new products to company’s portfolio.• Saved $1.5 million by restructuring and negotiating firm vendor contracts.• Boosted revenues by $2 million through expertise in analyzing market trends and proactive purchasing.• Consistently achieved 92% supplier on-time delivery, which was acknowledged company wide.• Reduced dead stock by 12% through effective internal/external communication and persuasive follow-up.• Led vendor managed inventory (VMI) programs, raw material supply agreements, and total cost reduction programs to ensure the lowest possible total cost, including product cost, transport cost, inventory cost, and cost of quality.• Formulated contingency plans to de-risk technical challenges, long lead time, and single source supply issues. • Industrial packaging products and services that I deal with include Corrugated Boxes, Protective Foam Fitments, Returnable Steel Racks, Plywood Crates, Pallets, Plastic Bins, Bulk Containers, Thermoformed Cushioning, Plastic Corrugated Dunnage, Corrosion Prevention Solutions, LDPE, HDPE Packaging Products, Anti-Static Packaging, Wrapping and Strapping Solutions.
EDUCATION
Concordia University
MBA
C.B.S.E Board Don Bosco School
Secondary & Higher Secondary
Manipal Institute of Technology
B.E
SKILLS
ABOUT ANKIT KUMAR
Highly accomplished procurement professional with 10+ years of experience in manufacturing and construction industries. Demonstrated success in developing and executing sustainable sourcing strategies, optimizing engineering design, materials, and process selection. Proven record of establishing strategic supplier relationships, achieving significant cost savings, and driving revenue growth. Excel at collaborating with cross-functional teams, enhancing stakeholder communication, and improving project efficiency. Outstanding ability to adjust purchasing decisions to maximize sales and profit margins and minimize on-site inventory. I have worked with some of the world\'s best companies and gained irreplaceable experience through these associations. Specialties: Strategic Sourcing, Project Management, Supply Chain Planning, Commercial and Contract Negotiations, Cost Savings and Value Analysis, Logistics, Business Development, Teamwork, Mentoring Industries worked in: Construction, Aerospace, Packaging & Container Manufacturing
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