Farah Fayaz, MBA, PMP, CSM, CSPO
Project Procurement Manager
Jersey City,New Jersey
Summary
Dynamic and proactive procurement specialist with over a decade of comprehensive experience in Project, Leadership, and Procurement management. Proficient in identifying and capitalizing on cost-saving opportunities, adeptly managing vendor relationships, and skillfully negotiating contracts. Demonstrated success in optimizing costs and effectively managing supplier performance to consistently meet and exceed organizational objectives.
Overview
10
10
years of professional experience
2
2
years of post-secondary education
5
5
Certifications
Work History
Project Procurement Manager
Techmenity
New York, NY
05.2022 - Current
- Configured automated workflow for establishing and managing purchasing contracts, resulting in 45% reduction in procurement cycle time and 10% cost savings
- Led development and coordination of steering committee meetings, engaging stakeholders and project members to drive alignment with supplier diversity program's agenda, goals, and objectives.
- Actively collaborated with vendors to determine availability, lead time, and pricing of requested items, implemented supplier optimization exercises, identified cost reduction opportunities, and analyzed market trends for potential price negotiations
- Monitored vendor performance across project timelines and delivered high-value purchases within budget and time constraints
- Established performance metrics and KPIs to measure vendor performance and track progress over time
- Consolidated spending and achieved 9% annual savings by strategically sourcing materials and goods.
- Prepared and presented reports to management on purchasing trends and cost savings to aid in decision-making.
- Developed and maintained relationships with key suppliers for smooth communication and to meet required expectations.
- Effectively managed multiple spend categories, overseeing supplier relationships and diverse supplier programs
- Managed entire contract lifecycle, including contract renewals and compliance management
- Generated regular reports and dashboards to communicate vendor performance and improvement areas to stakeholders.
Procurement & Supply Chain Manager
Innevesco Pvt. Ltd
New York, NY
10.2019 - 04.2022
- Developed and implemented strategies that streamlined procurement processes, resulting in cost savings of 10% and budget reduction of 15%
- Optimized logistics for supply chain management, resulting in delivery times improved by 25%
- Utilized lean procedure principles to develop and manage team of 10 personnel to cater to procurement and logistics management
- Achieved 100% customer satisfaction through effective coordination of supply, demand, and internal resources
- Administered goods receipt and verified goods quantities, prices, and specifications against approved requirements
- Demonstrated thorough understanding of procurement operations, including payables process.
- Built supplier relationships to mitigate risk and establish effective purchasing arrangements with indirect and logistics customers.
- Oversaw demand planning, purchasing, and logistics.
- Collaborated with internal teams to improve outputs to meet demand and supply requirements, ensuring inventory integrity targets for finished goods.
Global Strategic Sourcing Manager
MSK Trimpex Pvt. Ltd
New Delhi, New Delhi
11.2016 - 07.2019
- Implemented strategic sourcing process resulting in average cost savings of 15% for company-wide materials and services
- Developed and implemented competitive bid process for suppliers, monitored industry trends to identify opportunities for cost savings ensured compliance with purchasing policies and procedures
- Negotiated contracts with suppliers to optimize cost savings across all areas of business
- Managed and optimized inventory levels by analyzing demand forecasts to reduce costs and improve supplier performance
- Maintaining strong supplier relationships and negotiating variety of contracts
- Leveraged technology to increase supply cycle data visibility and accuracy
- Streamlined processes for handbook and contract documents to maximize supplier communication and enable vendor payment
- Evaluated supplier performance and identified areas of improvement.
- Improved business competitiveness by reducing total cost of ownership and boosting supply chain security and reliability.
- Leveraged strong negotiation strategies to minimize sourcing expenses and deliver profitable products.
Sourcing Associate
Tubby Impex Pvt. Ltd
New Delhi, New Delhi
09.2013 - 10.2016
- Identified and evaluated potential vendors and negotiated pricing to t within established budgets, resulting in average of 10% cost savings on procurement items
- Supported gross profit goals by negotiating and controlling costs, lead times, freight terms and purchase quantity requirements.
- Maintained effective and lasting vendor relationships through dynamic communication, collaboration, and intelligent questioning skills.
- Developed and implemented vendor management system to track vendor performance and ensure contractual and quality compliance
- Reduced purchasing turn-around time by 70%, resulting in average $250,000 in monthly savings
- Established strategic partnerships with suppliers to ensure timely delivery of materials
- Implemented unique barcode system to track and manage inventory
- Developed and implemented supplier diversity program to promote more equitable and diverse supply chain
- Monitored and analyzed inventory levels to reduce stock-outs while achieving target inventory levels
- Coordinated with cross-functional teams including Purchasing, Purchasing Administration, and Contract Management to ensure accuracy of orders and on-time delivery.
Education
MBA - Human Resources & Marketing Management
Maharashi Dayanand University
Delhi 08.2011 - 08.2013
Skills
Cost Savingundefined
Certification
Project Management Professional PMP, Project Management Institute, 2023
Timeline
Certified Scrum of Product Owner (CSPO) Scrum Alliance
12-2023
Certified ScrumMaster (CSM), Scrum Alliance, 2023
11-2023
Project Management Professional PMP, Project Management Institute, 2023
08-2023
Project Procurement Manager
Techmenity
05.2022 - Current
Procurement Master Class- Purchase To Pay Udemy
04-2022
Four Steps To Future Procurement Udemy
03-2022
Procurement & Supply Chain Manager
Innevesco Pvt. Ltd
10.2019 - 04.2022
Global Strategic Sourcing Manager
MSK Trimpex Pvt. Ltd
11.2016 - 07.2019
Sourcing Associate
Tubby Impex Pvt. Ltd
09.2013 - 10.2016
MBA - Human Resources & Marketing Management
Maharashi Dayanand University
08.2011 - 08.2013
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