PAYAL BHAKTA

• Developed risk mitigation strategies for potential supply disruptions, safeguarding company operations and profit margins.
• Developed and implemented strategic sourcing strategies to optimize supplier performance.
• Conducted market analysis to identify cost-saving opportunities and mitigate risks.
• Collaborated with cross-functional teams to align commodity strategies with business objectives.
• Managed supplier relationships, negotiating contracts to ensure favorable terms and conditions.
• Led initiatives to streamline procurement processes, enhancing efficiency across the supply chain.
• Analyzed inventory levels and demand forecasts to maintain optimal stock levels.
• Facilitated training sessions for team members on best practices in commodity management.
• Monitored market trends and pricing fluctuations to inform purchasing decisions effectively.
• Reduced costs for raw materials through effective negotiation with suppliers and vendors.
• Established long-term contracts with key suppliers to secure pricing stability and reliable product availability.
• Evaluated industry benchmarks for various commodities regularly to ensure competitive positioning within the market.
• Identified, researched, and assessed quality of potential vendors.
• Negotiated and finalized contracts with optimized pricing structures and delivery timetables.
• Monitored global market trends to identify potential opportunities or threats to the company''s commodity portfolio.
• Collaborated with cross-functional teams to align commodity management strategies with overall business goals and objectives.
• Negotiated favorable payment terms with suppliers, improving the company''s cash flow position while maintaining strong supplier relationships.
• Streamlined purchasing procedures by integrating new technology tools and software into daily operations.
• Led the development of annual commodity budgets based on projected demand forecasts and pricing fluctuations in the market.
• Increased supply chain efficiency by implementing strategic sourcing and procurement processes.
• Played an instrumental role in achieving annual cost reduction targets through focused commodity management strategies.
• Conducted comprehensive supplier assessments to evaluate performance, financial stability, and adherence to sustainability goals.
• Applied demand-driven material resource planning strategies throughout supply chain network.
• Spearheaded efforts to diversify the supplier base, reducing dependency on single-source suppliers for critical commodities.
• Oversaw total cost of ownership reduction strategies.

• Coordinated procurement activities to support operational efficiency and reduce lead times.
• Managed supplier relationships, ensuring timely delivery of materials and services.
• Streamlined purchase order processing, improving accuracy and reducing turnaround time.
• Collaborated with cross-functional teams to forecast demand and optimize inventory levels.
• Conducted supplier performance evaluations to maintain quality standards and compliance requirements.
• Trained junior staff on purchasing protocols, enhancing team productivity and knowledge sharing.
• Maintained accurate records of purchases, pricing, and documentation for audit purposes.
• Established and managed supplier and vendor relationships.
• Prepared purchase orders accurately and followed up with suppliers to confirm receipt and delivery schedules.
• Collaborated with other departments to identify opportunities for cost reduction or process improvements within the purchasing function.
• Managed inventory levels effectively to prevent stockouts and minimize holding costs.
• Resolved discrepancies between purchase orders and invoices promptly, maintaining a high level of accuracy in financial records.
• Streamlined purchasing processes for increased efficiency and reduced procurement time.
• Achieved cost savings by negotiating with suppliers and securing favorable contracts.
• Developed strong working relationships with internal stakeholders, fostering a collaborative approach to achieving organizational goals.
• Coordinated with cross-functional teams to ensure timely delivery of materials for production needs.
• Oversaw purchase order shipments by managing deadlines and cancellation dates.
• Assisted in the development of purchasing strategies, resulting in improved supply chain performance.
• Reviewed purchasing trends and forecast demand for inventory planning and replenishment.
• Made valuable contributions to planning of promotions, pricing and inventory levels, enhancing inventory flow, revenue, and profits.
• Negotiate contracts with vendors, securing best prices and terms for materials, equipment and services.
• Managed database of vendor details and pricing information to maintain organization.
• Provided accurate and up-to-date records of leading procurement procedures.
• Implemented policies and procedures for optimal purchasing methods and cost control.
• Reduced production downtime by overseeing quality control and assembly.

• Managed full-cycle accounts payable and receivable processes to ensure timely financial reporting.
• Reconciled monthly bank statements, identifying discrepancies and implementing corrective actions.
• Prepared and analyzed financial statements, ensuring compliance with GAAP standards.
• Led annual budgeting process, collaborating with cross-departmental teams to align financial goals.
• Streamlined payroll processing by integrating automated systems, reducing manual errors and improving efficiency.
• Mentored junior accountants on best practices for financial recordkeeping and reporting accuracy.
• Developed detailed cash flow forecasts to support strategic decision-making initiatives within the organization.
• Conducted internal audits to assess financial controls and enhance overall operational effectiveness.
• Maintained general ledger accuracy through regular account reconciliations, journal entry adjustments, and transaction reviews.
• Monitored accounts receivable, accounts payable and other account balances to track transactions, avoid discrepancies and maintain accuracy.
• Prepared and processed journal entries to record in general ledger and maintain consistent documentation.
• Managed accounts payable processing, ensuring timely payments to vendors while maximizing cash flow management strategies.
• Participated in internal and external audit processes to establish accurate financial records and comply with Generally Accepted Accounting Principles and regulatory requirements.
• Monitored cash flow closely to ensure sufficient funds were available for operational needs.
• Executed financial reporting, managing prepaid accounts, schedules, reconciliations, event settlements, and month-end accruals.
• Assisted comptroller with year-end financial audits.
• Helped with preparation of year-end and statutory accounts to compare past reports and evaluate financial health of company.
• Increased accuracy of financial statements through diligent attention to detail and thorough review processes.
• Maintained fixed asset records and depreciation schedules to establish accurate calculations.
• Assisted in budget preparation, providing accurate forecasts for revenue and expenses based on historical trends.
• Developed customized financial reports for various stakeholders to support strategic decision-making processes.
• Coordinated with Human Resources department on payroll-related matters ensuring accurate compensation calculations for all employees.
• Assisted in budget preparation, providing accurate forecasts for revenue and expenses based on historical trends.
• Prepared timely and accurate tax filings, ensuring compliance with federal, state, and local regulations.

Developed strong efficient audit process.

• Collaborated with cross-functional teams to implement cost-saving measures, contributing to reduction in operational expenses.
• Assisted in negotiating terms with suppliers, achieving more favorable conditions that positively impacted bottom line.
• Played key role in successful completion of annual audits by providing detailed documentation and explanations to auditors.