Parth Patel

About Parth Patel

Experienced Procurement & Contracts Professional with a 12+ years of experience for…

Experience

1. Senior Buyer - Strategic Sourcing & Service Purchase

   Tata Motors

   Apr 2024 — Present · Pune, IN

   Oversaw ₹300 Cr in service contracts with 100+ vendors, managing end-to-end procurement processes across categories such as Facility Management, NAPS, O&M, Plant specific services and Manpower/ SLA-based contracts.Led vendor selection, scope alignment, reference costing, RFP/RFQ issuance, commercial negotiation, contracting, MSA and risk mitigation; optimized working capital through payment terms extension.Implemented category-wise Strategic Sourcing initiatives using TCO models and competitive benchmarking; achieved 10% cost savings via supplier consolidation, market intelligence, competitive bidding and long-term contracts.Championed procurement digitization and continuous improvement by introducing RFX modules, real-time dashboards, process mapping (SIPOC) and releasing the Service Purchase Manual; addressed process inefficiencies and achieved 30% efficiency gains through workflow optimization, automation and tool integration.Mentored and developed a team of two procurement professionals, fostering collaboration, enhancing sourcing proficiency and advancing negotiation capabilities.Generated actionable procurement analytics by developing MIS on spend trend, supplier performance and procurement KPIs; identified gaps, ensured data accuracy and provided visibility for cost, risk and compliance.

Education

• Indian Institute of Materials Management, Mumbai

  PGDM, Materials Management

• Nirma University

  Bachelor of Technology - BTech, Electrical Engineering