Vinit Jain

Experience

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  Kota Super Thermal Power Station - India

  Jun 2015 - Jul 2015

  Summer Intern
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  DCM SHRIRAM LTD

  Jul 2015 - Aug 2015

  Internship
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  Adani Power

  Jun 2016 - Aug 2021

  -Commodity champion for bulk material like structural steel, pipes, plates, petroleum products. -Procured engineered items like valves, gears, pumps, heatexchanger, wear plates. Category buyer for equipment & spares of hydraulics system andmaterial handling system. -Established annual rate contracts of 450 items at site level forplant consumables & c-category items with cost saving @15% andreduce PR to PO lead time. -Lead drive for indigenisation of 204 no's of chinese spares of BTGof worth INR 6.96 Cr. -Finalized service contracts related plant maintenance, instrumentscalibration, conditioning monitoring, oil analysis and machineryrepairing-Generating, estimating & realizing cost savings proposal using various levers like – Alternate Sourcing, Make vs. Buy option, Negotiation, Scope Optimization & Consolidation, External Benchmarking, Process Re-Engineering, TCO (Total Cost of Ownership), LCC (Life Cycle Costing).-Facilitate collation and preparation of all custom related documents and coordinate with CHA for custom clearance. Show less -Procurement of plant consumables like Electrodes, Fasteners, OilSeals, O-Rings, Gaskets, sealant adhesive, paints. -Generated cost saving of INR 3.5 Cr. by developing OEM sparesthru reverse engineering. -Explored HSD procurement with lower taxes which resulted saving@18% on annual purchase of INR 5 Cr. -Procured capex of scaffolding of worth INR 1 Cr. as per part ofChetna Safety Project.-MIS coordinator for preparation of monthly spend analysis report & assist with audit team for procurement governance. -Ascertained availability of material at very short notice during plant shutdown. Show less

  • Assistant Manager

    Apr 2020 - Aug 2021

  • Senior Engineer

    Dec 2016 - Apr 2020

  • Graduate Engineer Trainee

    Jun 2016 - Dec 2016
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  Accenture

  Aug 2021 - Nov 2022

  Senior Procurement Analyst ( Oil & Gas)

  Contract Lead for India's largest Oil exploration and production industry.• Lead contract negotiations and drafting for multimillion-dollar contracts in the oil and gas industry, ensuring favorable terms and conditions.• Develop and implement comprehensive contract management strategies to minimize risks, enhance operational efficiency, and drive cost savings.• Conduct thorough risk assessments to identify potential contractual risks and proactively develop mitigation strategies.• Collaborate closely with cross-functional teams to align contract terms with business requirements and objectives.• Ensure compliance with regulatory standards, industry best practices, and internal policies throughout the contract lifecycle.• Foster strong relationships with suppliers, leveraging effective supplier management techniques to optimize performance and ensure contract adherence.• Resolve contractual disputes and claims through negotiation and effective conflict resolution techniques. Show less

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  ARISE IIP

  Nov 2022 - now

  • Spearheading procurement operations in West Africa for Benin Industrial Park (GDIZ) and Togo Industrial Park (PIA), and managing an annual spend of approximately $500 million.• Leading teams of procurement professionals across multiple locations, fostering a culture of continuous improvement and high performance.• Developed and implemented procurement strategies at dry container ports for container handling equipment ( Reach Stacker, Empty Container Handlers, Forklifts, Terminal Tractors, Trailers) and ensure steady supply chain for spares & consumables.• Successfully completed contracting for 12" gas pipeline network of 50 KM in Benin to ensure gas supply for industrial park. Show less • Oversee procurement operations for Infrastructure development of 1640-hectare Glo-Djigbé Industrial Zone, Benin, WestAfrica, ensuring successful execution of the project from conception to completion.• Developd and executed global procurement strategies to optimize costs, mitigate risks, and improve operational efficiency.• Lead strategic sourcing initiatives, including supplier identification, qualification, and negotiation, resulting in substantial cost savings.• Successfully negotiated and awarded contracts for 100k SQM storage warehouses including PEB, Civil & MEP, and other associated material & services with saving approx. 26% w.r.t. budget.• Sourced material & services from green field to plant operations for soya oil refineries, cashew processing units,textile park, animal feed mill, gas pipeline project, factories for investors, infrastructure development (Road, Electrical, WaterWroks), container yards for spend approx. $83 million in 2023.• Foster strong relationships with key suppliers, ensuring timely delivery, quality, and adherence to contractual agreements.• Collaborate with key stakeholders, including government entities, investors, and factory owners, to align procurement activities with project objectives.• Implement robust contract management processes, ensuring compliance and minimizing contractual risks.• Drive continuous improvement initiatives to streamline procurement processes and enhance supply chain performance. Show less

  • Cluster Procurement Lead ( Benin & Togo)

    Apr 2024 - now

  • Procurement Lead - Benin

    Nov 2022 - Mar 2024