Iftikhar Shah

Experience

• 

  BP

  May 2006 - Feb 2011

  Achievements:• Implemented a cost-saving initiative by recommending the inclusion of OSND items in stock inventory, resulting in a significant company savings of USD 100k and enhanced maintenance of item min/max levels. Proactively developed and allocated a dedicated OSND rack for efficient future reception of OSND items. • Streamlined logistics operations by consolidating Air & Sea shipments, ensuring timely delivery and preventing stockouts.• Efficiently coordinated multiple shipments, consistently meeting deadlines, and earned recognition with a prestigious award from Senior Management.Job Responsibilities:• Effectively collaborated with end users and proactively communicated with both foreign and local suppliers, freight forwarders, packers, and BPP Warehouses to ensure timely delivery of ordered materials.• Implemented strategic measures to prevent stock-outs by diligently following up with vendors for prompt material delivery and identifying suitable substitutes for out-of-stock items.• Vigilantly monitored the aging of purchase requisitions and promptly followed up with Procurement team to ensure timely issuance of purchase orders.• Demonstrated exceptional attention to detail by raising comprehensive reports (Overage, Shortage, Non-Confirming, & Damage) for all non-conforming received materials. • Precisely prepared and shared comprehensive discrepancy reports with vendors, actively pursuing the replenishment of incorrectly supplied materials while meticulously updating inventory records.• Proficiently generated Electronic Data Interchanges (EDIs) for approved and cancelled orders, seamlessly transmitting them to designated freight forwarders on a global scale. Show less Achievements:• Received esteemed recognition award from Senior Management for exceptional contributions in optimizing warehouse storage spaceJob Responsibilities:• Successfully oversaw material receipts for all inventory and direct charged materials.• Conducted rigorous inspections to verify correctness, quality, and compliance with certifications, ensuring accurate data for effective decision-making.• Maintained a commitment to delivering optimum product quality to end users and ensured the availability of ample spare storage before material arrival.• Spearheaded the processing of Drilling & Projects Related Materials, expertly preparing Material Inspection Notes (MIN) and coordinating end-user inspections. Show less

  • Senior Materials Expeditor

    Mar 2007 - Feb 2011

  • Materials Inspector

    May 2006 - Mar 2007
• 

  MOL Pakistan Oil & Gas Co. B.V.

  Mar 2011 - now

  Achievements:• Recognized by management for the significant turnaround of production cases in record time during ATA & IPP Project.• Received multiples sport recognition awards from Senior Management for outstanding performance during a stock replenishments.• Finalized multiple framework agreements encompassing various spares, material & services resulting in significant cost savings. These agreements streamlined the procurement process and secured favorable terms with suppliers.• Successfully implemented SAP Ariba, leading the design, testing, and training phases of Contract Module.• Achieved the highest number of procurement cases within the team, leading to annual savings of 5-8%. Recognized for an individual contribution valued at 18% across all procurement cases in the last 3 years.• Making an individual contribution valued at 18% for all procurement cases within the last 3 years.Job Responsibilities:• Manage purchasing activities for heavy equipment/materials and services, including prequalification, developing potential bidder lists, preparing and issuing RFQs/RFIs/ITBs, receiving and analyzing bids, conducting commercial evaluations, securing tender board approvals, negotiating, awarding contracts, expediting deliveries, and conducting post-evaluations. • Develop and implement procurement strategies, sourcing plans, and negotiation tactics for local and foreign materials and services, using best practices, tools, and techniques, in assigned areas of responsibility.• Contribute in annual procurement planning consultation with end user as per approved annual budgets from HO and JVP’s• Spearheaded communication with internal stakeholders to ensure their procurement needs were met efficiently, timely, and within budget• Rationalization of Supplier base system by categorizing and developing high-performing suppliers. Identify and evaluate potential suppliers, negotiate contracts, and establish long-term partnerships with key vendors Show less Achievements:• Expedited seamless logistics for Pump Spares & Pipe fittings from the US & Middle East, surpassing expectations with a record-breaking 14-day delivery before ATA and generating an exceptional cost savings of $40,000.• Successfully implemented a highly efficient consolidation strategy for Air & Sea shipments from the US and the Middle East, resulting in significant savings amounting to $110,000.• Demonstrated remarkable problem-solving skills by successfully resolving persisting issues pertaining to rejected material over the past 3 years.• Collaborated closely with cross-functional teams to develop a vendor rating system, fostering strong partnerships with suppliers and stakeholders to ensure on-time delivery of critical materials subsequently reducing material lead time by 25%.• Received accolades from Senior Management for exceptional contributions to supply chain efficiency and cost-effectiveness.Job Responsibilities:• Proactively monitored end-to-end logistics, ensuring seamless communication with foreign and local vendors, buyers, freight forwarders, clearing agents, transporters, and MOL warehouses to achieve timely distribution of materials across company locations. Scrutinized POs and contractual documentation to detect discrepancies and prevent misunderstandings that could potentially cause delays.• Demonstrated meticulous attention to detail by overseeing the thorough review of all shipping documents, such as Commercial Invoice, Packing List, AWB/BL, etc., to ensure strict compliance with local and international regulations.• Produced comprehensive and informative fortnightly performance reports for suppliers while meticulously verifying invoices in the system. Supported the Liquidated Damages team in evaluating delay causes and determining appropriate actions.• Collaborated with cross-functional teams, implementing innovative strategies to optimize supply chain efficiency, reduce lead times, and enhance overall performance. Show less Achievements:• Implemented highly effective inventory optimization strategies, resulting in a remarkable reduction and achieved saving by proactively identifying slow-moving items, suggesting suitable alternatives, and eliminating duplicates. Simultaneously, identified fast-moving items and facilitated early re-ordering to prevent stock-outs. • Developed and executed clear communication strategies, fostering trust and collaboration with key stakeholders to ensure seamless operations and enhanced productivity.• Demonstrated exceptional skills in surplus and slow-moving inventory management, coordinating inventory buybacks with major equipment suppliers. Additionally, intelligently utilized surplus inventory on new projects, meticulously monitored stock levels and replenishment, conducted perpetual stock.• Efficiently resolved conflicts between suppliers and end-users regarding non-conforming supplies.• Played a pivotal role in assisting users with forecasting annual demand accurately and establishing more realistic min/max inventory levels.Job Responsibilities:• Managed and led warehouse operations at Makori Plant worth inventory value of $44 Million. Responsible for inventory optimization and warehouse management using best warehouse practices.• Planned, scheduled, and monitored perpetual inventory counts year-round, provided support to investigate and reconcile reported discrepancies, determining root causes to eliminate and reduce the inconsistencies.• Reduced warehouse inventory levels via ABC classification, reorder points, and coordination with technical end users.• Prepared Inventory related reports which included Inventory Valuation, Slow Moving, Material In-Transit, Inventory Reconciliation, Surplus & Redundant for management. • Maintained/optimized areas under warehouse jurisdiction (Cable Yards, Climate Control Rooms, Casing, Pipe Yards, Chemical Sheds etc)• Developed and maintained supplier data and conducted supplier’s post evaluation. Show less

  • Procurement Officer

    Dec 2017 - now

  • Deputy Expediting & Logistics Officer

    Feb 2014 - Dec 2017

  • Warehouse Lead

    Mar 2011 - Feb 2014