ANKIT CHOPRA

Responsible for Managing project procurement of ₹300 Cr, Refurbishment projects of 50Cr and ₹80 Cr procurement for Mohali Campus

• Developed contracting strategy for General Contractors to achieve saving of 10% Vs Budget
• Realized ₹6 Cr savings in steel & cement Vs basic price
• Managed 15+ high-value project contracts with multiple vendors, ensuring quality and cost-effectiveness.
• Applied Total Cost of Ownership (TCO) approach to ensure value-driven outcomes.
• Validated contracts in line with FIDIC standards, mitigating risks and ensuring favorable terms.
• Managing change orders and non-tendered items through a structured and systematic process to ensure project alignment and control.
• Achieved 20% cost savings in refurbishment projects executed worth ₹30Cr
• Streamlined procurement processes, improving TAT by 12% in collaboration with cross-functional teams.
• Negotiating 40+ contracts, pricing terms, and SLAs for facility management
• Evaluated 20+ major vendors for critical materials and services
• Achieved a 5% cost reduction in various operational contracts by long-term alliances.
• Curated and published revised purchase policies and handbooks to streamline operations

Manged Capex procurement for new paper machine line. Represented procurement in a task force team focused on Business Process Reengineering (BPR) activities

• Applied best suitable Strategic/Tactical Sourcing levers to ensure cost effective procurement
• Spend analysis and supplier rationalization leading to optimisation of ordering process and minimising re-work
• Identification and selection of appropriate vendors on the criteria of supply risk & spend
• Performing fact based negotiation to achieve maximum supportable solution for stakeholder
• Creating roadmap for procurement plan to maintain optimal inventory levels with no hindrance on production
• Leading & Concluding negotiations/building contracts
• Managing dashboard on procurement for CFO to take decision’s for organization wide strategy for procurement
• Developed PO follow-up and expediting process leading to reduction in overall lead time by 25%
• Optimization of transactional processes leading to reduction of PR to PO time by 15 days (50% reduction)
• Following trends to understand the supply market resulting in effective planning
• Developed should cost model in raw material to estimate landed cost, effecting in saving of appx. 5% on spend
• Analysed & implemented cost reduction opportunities in imported pulp haulage enabling saving of 10% on spend
• Value engineering in packing material to optimise the specification effecting in saving of 60 Lakh
• Analysis of freight cost of chemicals and proposed cost saving of 30 Lakh in inbound logistics
• Critiqued As Is process and established to be process maps to reduce PR to Po conversion lead time

Managed procurement of 120 Cr. comprising of Capex items & Engg. Items for press manufacturing division

• Managed 150 service contracts for installation & commissioning of presses at customer site.
• Collaborated with suppliers/internal stakeholders to assess emerging opportunities and technology innovations
• Interacting with stake holders to deliver within their budgets and meeting cost targets
• Instituting settlement of claims and advance disputes with the vendors
• Analysed the lead time for PR to Po conversion for setting of KPI to increase procurement performance
• Optimized PO follow up & expediting process leading to reduction of lead time of material
• Managing reports on procurement based on KPI’s to map the department objectives
• Regulating finalization of purchase orders after collecting quotation, comparative statements and negotiations
• Updating cash flow requirements on regular basis to finance to ensure timely payments
• Responsible for expediting supplies for ensuring on time deliveries, arrangement of logistics
• Achieved cost reduction in engineering items by 5% with help of strategic supplier alliances
• Awarding orders to suppliers by mapping capacity utilisationto ensure delivery timelines
• Reviewing quality problem of a product and arranging technical meetings for RCA for speedy addressal

• Managed procurement of Packing Material, Mechanical & Electrical Items
• Float RFP and follow responses to proposals
• Conduct pre-bid technical meetings to resolve technical issues to ensure all bids from competitors are at par
• Conduct negotiation meetings
• Study possibilities of entering into long term contracts and benefits it will deliver
• Evaluate vendor performance
• Reduced cost of packing material by way of supplier consolidation.

• Finalization of Various Rate Contracts comprising of process activities
• Conducted Profitability analysis of various contractors
• Assisted Procurement of wire & felts, a major part of paper machine
• Cost benefit analysis of unloading of rakes by internal contractor.