Avinash Thakur

About Avinash Thakur

Skilled and results-driven Contracts and Procurement Manager with over 11 years of experience in Oil & Gas, Indian Railways, and Power Sectors | OPITO BOSIET Certified | Expertise in Strategic Sourcing, Contract Negotiation, and Supply Chain Management | Proven Success in Optimizing Procurement Processes for Cost Savings and Operational Efficiency | Track Record of Managing Complex Projects, Mitigating Risks, and Securing High-Value Contracts | Committed to Sustainability, Ethical Sourcing, and Continuous Improvement.Key Achievements:i. Cost Reduction: Successfully achieved $3 million in annual savings through global procurement optimization, reducing procurement costs by 20%.ii. Process Improvement: Implemented automated procurement systems, cutting procurement cycle time by 60%, from 25 days to 10 Risk Management: Developed and implemented a supplier risk mitigation strategy, reducing supply chain disruptions by 50%.iv. Vendor Management: Enhanced vendor performance by 30% through strategic partnership programs and regular performance reviews.v. Sustainability: Increased procurement of sustainable products by 35%, aligning procurement practices with corporate sustainability goals.vi. Financial Impact: Saved $2 million through budget optimization and strategic contract renegotiations.vii. Team Leadership: Boosted team productivity by 40% by developing comprehensive training programs and fostering cross-functional Technological Innovation: Improved procurement efficiency by 50% through the implementation of an e-procurement system.Core Competencies:a. Strategic Sourcing & Procurementb. Contract Negotiation & Managementc. Supplier Relationship Managementd. Risk Assessment & Mitigatione. Cost Reduction & Budget Optimizationf. Process Automation & Improvementg. Sustainability & Ethical Sourcingh. Data Analysis & Decision Makingi. Team Leadership & Developmentj. Technological IntegrationContact Info :+91••••••••00Email Id: a••••••••@gmail.com

Experience

1. Manager - Contracts and Procurement

   Westfield Energy Resources Limited

   Jan 2024 — Present · Lagos State, NG

   Drafting & Negotiation: Develop and negotiate contracts with vendors to secure optimal terms and address offshore challenges.• Compliance Oversight: Ensure contracts adhere to offshore regulatory standards and company policies, monitoring throughout their lifecycle.• Risk Mitigation: Identify and mitigate risks, resolving disputes promptly and effectively.• Supplier Selection: Evaluate and manage suppliers for offshore needs, focusing on quality, reliability, and cost-efficiency.• Strategic Sourcing: Implement sourcing strategies tailored to offshore environments for enhanced procurement efficiency.• Cost Control: Negotiate to maximize cost savings while maintaining high quality and delivery standards.• Regulatory Compliance: Ensure procurement practices meet offshore environmental, health, and safety regulations.• Logistics Management: Oversee logistics for timely delivery of materials to remote offshore locations.• Inventory Control: Manage inventory to prevent shortages and optimize stock levels for operational continuity.• Internal Coordination: Collaborate with engineering, operations, and finance to align procurement with project needs.• External Relations: Build and maintain strong relationships with suppliers, contractors, and regulators.• Market Insight: Analyze trends and supplier performance to refine procurement strategies and adapt to offshore conditions.• Budget Oversight: Develop and manage procurement budgets, ensuring alignment with financial goals.• Performance Reporting: Prepare and present reports on procurement performance and financial metrics.• Team Leadership: Lead and mentor procurement professionals, fostering a high-performance culture.• Professional Development: Provide training to keep the team updated on best practices and offshore trends

Education

• Green Valley Secondary Boarding School

  10th Standard

• Vishveshwara Technology Karnataka

  B.E, Mechanical Engineering

  2010 — 2014

• Ram Raja college

  ISC, Science

  2008 — 2010