Prateek Singh

Experience

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  Linen Craft - India

  Sept 2017 - Aug 2020

  Senior Procurement Analyst

  • Surpassed KPIs by achieving a 20% reduction in indirect procurement costs, exceeding the targeted savings of £18 million annually• Successfully implemented Procure 2 Pay (P2P) and Source 2 Pay (S2P) models for both direct and indirect procurement, optimising end-to-end processes, resulting in an annual saving of £800,000• Oversaw purchase orders and contracts for outsourcing, vendor management, and marketing services in both direct and indirect categories, ensuring clarity and compliance, saving £250,000 in potential legal disputes• Negotiated long-term contracts with suppliers in both direct and indirect categories, securing stable pricing and mitigating supply chain risks, resulting in savings of £400,000 per contract• Fostered strong relationships with suppliers globally, fostering collaboration and continuous improvement initiatives, contributing to a 15% reduction in overall procurement costs, saving £15 million annually• Exceeded targets by achieving a 25% increase in overall efficiency and cost savings, surpassing the targeted £25 million annually in both direct and indirect categories• Conducted regular visits to suppliers, performed risk assessments, and developed strategies for supplier development plans, contributing to a resilient supplier network and avoiding £12 million in potential disruptions• Maintained accurate records of established procedures, ensuring transparency and compliance with procurement standards, as part of annual cost reduction strategies, resulting in £700,000 in cost avoidance• Actively participated in the drafting and implementation of cost reduction strategies, contributing to the achievement of targeted cost reductions amounting to £18 million within the first year• Demonstrated adaptability and agility, effectively managing competing priorities, and delivering results within tight deadlines as part of streamlined processes within annual cost reduction of £12 million Show less

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  Specialty Coffee India

  Aug 2020 - Aug 2023

  Senior Buyer

  • Spearheaded the sourcing and procurement of a diverse range of high-quality grocery items, resulting in a £2 million increase in product variety and a £5 million boost in overall sales• Proactively monitored and identified emerging product categories, allowing the company to stay ahead of the competition and maintain a cutting-edge product selection, contributing to a £3 million increase in sales• Maintained strong relationships with suppliers, ensuring a reliable and compelling supply of grocery items and facilitating successful negotiations to optimise margins, resulting in a £15 million reduction in procurement costs• Negotiated pricing agreements and developed effective partnerships, leading to a £2 million reduction in procurement costs and contributing to a £4 million improvement in overall profitability• Analysed sales data and member feedback to refine the grocery product selection continually, resulting in a 10% increase in customer satisfaction and loyalty, translating to a £1.2 million increase in customer lifetime value• Collaborated with the marketing team to develop and execute targeted promotional campaigns, leading to a 30% increase in grocery purchases during promotional periods, equivalent to a £6 million revenue boost• Defined Target Operating Models (TOMs) for new clients, aligning procurement strategies with their specific needs, contributing to a 20% reduction in overall procurement costs• Actively participated in industry events, enabling the identification of new product opportunities, and maintaining a competitive edge in the market, resulting in a £1.8 million increase in revenue Show less

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  Professional Career Break

  Sept 2022 - Sept 2023

  MBA Candidate
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  Chrysalis Move & Management

  Jan 2024 - Feb 2024

  Senior Procurement Manager

  • Generated £800,000 in annual savings by strategically optimizing seasonal buying/production calendars, aligning production schedules with demand fluctuations• Expanded supplier network by onboarding 15 new vendors, resulting in £15 million in additional procurement options and reduced reliance on existing suppliers• Negotiated supplier contracts, achieving £12 million in cost savings annually through favourable pricing terms and volume discounts• Identified and addressed production shortfalls, averting potential revenue losses worth £500,000 by proactively adjusting procurement strategies and collaborating with cross-functional teams• Enhanced profitability by £1.8 million through rigorous margin negotiations across various product categories, maximizing revenue streams while maintaining competitive pricing• Successfully resolved delivery delays and quality issues, saving £600,000 in potential penalties and maintaining smooth production flow Show less

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  Bupa

  Jan 2024 - Feb 2024

  General Management

  Oversee and direct day-to-day maintenance operations for four locations, including grounds maintenance and upkeepReview and approve over 140 maintenance strategies and plans for 200 employees and new and existing equipmentManage work performed by over 130 vendors performing multiple levels of work, including projects up to $2.5 million.Led facility management staff of 40 with 25 consultants in producing business plans that focused on facility operationsTroubleshoot and diagnose issues with plant machinery and devices; identified electrical, control, hydraulic and pneumatic breakdownsConducted annual property conditions and year-end performance reports. Show less

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  DO & CO AG

  Feb 2024 - now

  Buyer