Foram PAREKH

• Managing spend over 400EM, with 20+Suppliers and Service providers globally. Evaluated bid proposals from potential suppliers, taking into account both price and quality factors to make well-informed decisions.
• Optimized order fulfillment processes by closely monitoring lead times and adjusting orders as needed for timely deliveries.
• Involved in E2E Forecasting activities for Soda ash as well as other Inorganics material.
• Collaborated with cross-functional teams to align procurement strategies with overall business objectives, maximizing efficiency and cost savings.
• Participated in supplier audits to ensure adherence to ethical sourcing principles and environmental regulations, supporting corporate social responsibility initiatives.

Achieved Savings of 10% with sustainable sourcing. Involved in digital transformation of Forecasting simplification.

• Managing the procurement of Silicates, Silica, Calcium Carbonate, and Zeolite for the Asia region. This involves optimizing material costs through regular interactions with suppliers, conducting annual E-Tenders, forming long-term partnerships, and pursuing backward integration. The role includes leading negotiations to achieve sustainable, mutually beneficial solutions and maintaining ongoing supplier relationships.
• Providing pricing signals to the business by analyzing local and global market trends of base feedstock quarterly. This includes assessing current and future material availability and its impact on future pricing plans, as well as conducting proactive market research to ensure accurate projections are provided to the business.
• Focusing on reducing the GHG footprint while optimizing investments and expanding the supplier base. This includes switching to low carbon emission energy sources.
• Collaborating closely with local market teams, Supply Chain, R&D, and multiple stakeholder teams to ensure timely deliveries for all innovation networks. This also involves leading team-building activities

· Delivered 7% savings beyond market deflation.

· Reduction in carbon footprint by 40% for Silicates.

• Contract management for Flexible packaging India (Anaplan, ICAT-CLM, SAP)
• Support development of Price transparency tool (bench marking of price).
• Assist E-tender/Negotiations for spend of ₹1000+ crores resulting in 7% savings.
• Additionally responsible for Data analysis, Business presentation and Monthly review.
• Process understanding of Raw material procurement, forecast, rate comparison and operations.

· Changed quarterly price revision tool MFG pro to Anaplan leading to reduction in time and optimizing data maintenance.

• · Managed and streamlined Custom House Agents accounts worth over ₹100 Crores.
• Worked closely with P2P Process lead to monitor KPI including the service delivered by external stakeholders (IBM and Capgemini) and analysing process gap.
• Ensured that adequate and effective internal controls are in place and that processes and policies are established and documented in compliance with corporate SOA.
• Coordination with outsourcing partners and Stakeholders to resolve issues related to invoice processing, duplicate payment, GST compliance etc
• Worked with cross-functional teams to automate the payment process.