Avinash Thakur
Manager - Contracts and Procurement @Westfield Energy Resources Limited
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WORK HISTORY
Manager - Contracts and Procurement @Westfield Energy Resources Limited
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
Ram Raja college
ISC, Science
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
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