Pratik S. Selokar
Purchase Manager
- Role
- Purchase Manager at Navabharat
- Location
- Nagpur, MH, IN
- LinkedIn followers
- 500 followers
About Pratik S. Selokar
TOTAL 16 Years” of Industrial Experience in Project Procurement, IT Procurement…
Experience
Purchase Manager
Feb 2025 — Present · Nagpur, IN
Proficiency in formulating sourcing strategies, handling vendor identification/development, creating and updating the vendor database.Deft in handling the day-to-day coordination of inspection & expediting contracts, participating in internal weekly/monthly meetings and providing accurate summaries of supply chain related matters.Adept in executing cost saving measures to achieve reduction in terms of procurement cost in engineering projects through techniques like RFI, RFQ, RFP etc…Preparing & floating tenders to contractors/sub-contractors, evaluation of offers, techno-commercial discussion & finalization of contract in view of project schedule.Strengthening existing vendor source & developing alternate suppliers, E-bidding, vendor sourcing, market research, product and cost analysis and RFI/RFQ.Monitoring the technical specifications, negotiating with vendors, monitoring vendor performance, custom clearing agent to reduce order furnishing time and reduce demurrage costs.Negotiating & assessing the performance of the vendors based on various criteria such as prices, quality improvement rate, timely delivery, credit terms etc; ensuring adherence to quality standards for all incoming materials/parts.Releasing LOI/PO/WO, Rate Contract and Service Agreement.Review or update supply chain practices in accordance with new or changing environmental policies, standards, regulations, or laws.Develop material costs forecasts or standard cost lists.Assess appropriate material handling equipment needs and staffing levels to load, unload, move, or store materials.Appraise vendor manufacturing ability through on-site visits and measurements.Negotiate prices and terms with suppliers, vendors, or freight forwarders.Monitor supplier performance to assess ability to meet quality and delivery requirements.Monitor forecasts and quotas to identify changes or to determine their effect on supply chain activities.
Education
University of Petroleum and Energy Studies, Dehradun
Executive MBA
G. H. Raisoni College of Engineering, Nagpur
Bachelor of Engineering - BE
SYNERGEM, Nagpur
PGDC
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