Michael Adeyeye
Bariga,Lagos
Summary
Seasoned procurement professional with focus on optimising supply chain processes and cost management. Known for driving supplier negotiations and streamlining procurement operations to enhance efficiency. Leverages strong analytical skills and strategic sourcing techniques to deliver measurable savings and value.
Overview
11
11
years of professional experience
1
1
Certification
Work History
PROCUREMENT MANAGER
FIRST METRO INFRASTRUCTURE LIMITED
Lagos, Lagos
05.2024 - Current
- Develop procurement strategies, policies, and procedures aligned with our organizational goals
- Lead the procurement team, oversee all procurement activities, and ensure compliance with our Procurement Standards
- Collaborate with finance and legal teams to ensure procurement processes are financially sound and legally compliant
- Present procurement reports and recommendations to the vendor panel and finance department
- Enhanced supplier relationships by negotiating contracts and managing communications.
- Achieved cost reduction with strategic sourcing and vendor negotiations.
- Coordinated with finance team to ensure accurate budgeting for procurement activities.
- Conducted market research to identify potential suppliers and evaluate their capabilities.
- Adopted green procurement practices, promoting sustainability within the organisation.
- Supervised a team of junior buyers, fostering their professional development.
- Managed inventory levels efficiently, avoiding stockouts or excess inventory.
- Managed implementation of e-procurement system which resulted in smoother operations.
- Spearheaded contract negotiation to obtain favourable terms for quality, cost and delivery requirements.
- Vendor selection and contract management - covers the process for drawing up strong written agreements with third parties which include negotiation, change management, and ongoing maintenance.
- Monitoring vendor risk and performance management even after the contract is completed. For example, observing performance levels and analyzing current due diligence
- Communicating with all departments within the enterprise such as internal audit, senior management, etc
- Maintaining an effective database of all relevant information related to 3rd-parties, and communicating the same information to senior management, stakeholders, and the board
- Due diligence & residual risk determination: Adequate due diligence assists with selecting the best vendor for your organization, and understanding the controls in place which mitigate the risk to your organization, giving you the residual risk.
- Acts as cost controller - Responsible for verifying the correctness of Purchase Order allocation and checking the validity of price comparisons
- Track and report key functional metrics to reduce expenses and improve effectiveness
- Forecast price and market trends to identify changes of balance in buyer-supplier power
- Perform cost and scenario analysis, and benchmarking
- Provide periodic reporting for management on purchasing, controls, and processes
- Reviewing and approval of transactions for purchase on the Procurement software (ODOO)
PROCUREMENT ADMINISTRATOR / SPECIALIST
STILL EARTH HOLDINGS
Lagos
01.2017 - 04.2024
- Preparing plans for the purchase of equipment, services, and supplies
- Following and enforcing the company's procurement policies and procedures
- (Compliance and documentation)
- Reviewing, comparing, analyzing, and approving products and services to be purchased
- Managing inventories and maintaining accurate purchase and pricing records
- Maintaining and updating supplier information such as qualifications, delivery times, product ranges, etc
- Maintaining good supplier relations and negotiating contracts
- (Contract management)
- Researching and evaluating prospective suppliers
- Maintaining a detailed cost savings analysis on each transaction
- Preparing budgets, cost analyses, and reports
- Reviewing and approval of transactions for purchase on the Procurement software (ODOO)
- Preparing a timely plan for periodic market research.
- Developed vendor relationships for improved product quality and cost-effectiveness.
- Managed complex procurement projects to ensure timely delivery of products.
- Negotiated contracts with suppliers, resulting in significant cost savings.
- Coordinated with different departments to understand procurement needs.
- Conducted market research to identify potential suppliers and vendors.
- Ensured compliance with company's procurement policies and guidelines.
- Enhanced supply chain efficiency by streamlining the ordering process.
- Produced purchase orders accurately, reducing discrepancies and errors in the process.
- Participated in tendering processes, securing best deals for the organisation.
ACCOUNTANT
FIRST SYNERGI HOMES AND CONSTRUCTION LIMITED
05.2014 - 11.2017
- Maintaining and updating monthly cashbooks, accounting journals, ledgers and other financial records
- Preparing a schedule of anticipated expenditure
- Preparation of payment vouchers and requisition
- Posting of transactions and entries in the accounting software (Sage)
- Assisting in preparing monthly, quarterly, semi-annual and annual financial statement report in collaboration with the financial controller
- Issuing petty cash and preparing monthly Petty Cashbook
- Preparation of monthly Bank Reconciliation Statement
- Payroll Management
- Statutory compliance with all relevance Tax laws
- Internal Control
- Finance Construction
- HYPERLINK "http://www.firstsynergiconstruction.com/" \h
- Www.firstsynergiconstruction.com
- 17b, Emma Abimbola cole
Education
MEMBER - INSTTITUTE FOR SUPPLY MANAGEMENT
INSTITUTE FOR SUPPLY MANAGEMENT
309 W Elliot Rd, Ste #113 Tempe, AZ 85284-1556 11.2024 -
CERTIFIED PROFESSIONAL IN SUPPLY MANAGEMENT - CPSM - SUPPLY MANAGEMENT
INSTITUTE FOR SUPPLY MANAGEMENT
309 W Elliot Rd, Ste #113 Tempe, AZ 85284-1556 11.2024 -
MASTER OF RISK MANAGEMENT - RISK MANAGEMENT
University Road Lagos mainland, University of Lagos
NIGERIA 12.2017 - 11.2019
BACHELOR'S DEGREE - ACCOUNTANCY
Madonna University Okija,
Nigeria 12.2007 - 11.2011
Skills
PERSONAL DEVELOPMENT TRAININGS:
- EXCEL SUPPLY CHAIN ANALYSIS: Solving inventory problems - COURSERA - 2023
- MICROSOFT EXCEL CERTIFICATION EXAM PREP (MO-201 EXCEL EXPERT) - Udemy - 2023
- PROCUREMENT NEGOTIATION - COURSERA - 2023
- SUPPLIER MANAGEMENT - COURSERA - 2023
- SUPPLY MARKET ANALYSIS - COURSERA - 2023
- PROCUREMENT BASICS - COURSERA - 2023
- STRATEGIC SOURCING - COURSERA - 2023
SKILLS:
- Experience with e-procurement systems
- Sustainable procurement practices
- Familiarity with legal contracts
- Procure-To-Pay systems expertise
- Supplier performance management processes
- Contract negotiation
- Procurement strategy
- Supplier conflict resolution
- Financial acumen
- Supply chain management
- Procurement leadership
- Contract drafting
- Contractual negotiations
- High-value project management
- Contract management
- Global sourcing
- Microsoft Word
- Microsoft Excel Microsoft PowerPoint
- Microsoft Office
- Outlook
- Google Docs
- Zoom
- Google Drive
- Power Point
- Organizational and planning skills
- Analytical skills
- Written and
- Verbal skills Good listener and communicator
- Motivated
- Decision-making
- Team-work oriented
- Creativity
- Strategic Planning
- Responsibility
- Reliability Research and analytical skills
- Presenting
- Critical thinking
- Flexibility
- Detail-Oriented
- Conflict resolution
- Empathic listener
- Good time management Cross cultural skills Excellent writing and verbal communication skills Sage
- 50 Accoutns Odoo - Procurement software / Project Management software
Accomplishments
- HYPERLINK "http://coursera.org/" \h
- Coursera.org
- APRIL 2023
Languages
English
Fluent
Affiliations
- Cooking
- Learning
- Travelling
Certification
Member, Institute for Supply Management - November 2024
Timeline
MEMBER - INSTTITUTE FOR SUPPLY MANAGEMENT
INSTITUTE FOR SUPPLY MANAGEMENT
11.2024 -
CERTIFIED PROFESSIONAL IN SUPPLY MANAGEMENT - CPSM - SUPPLY MANAGEMENT
INSTITUTE FOR SUPPLY MANAGEMENT
11.2024 -
PROCUREMENT MANAGER
FIRST METRO INFRASTRUCTURE LIMITED
05.2024 - Current
MASTER OF RISK MANAGEMENT - RISK MANAGEMENT
University Road Lagos mainland, University of Lagos
12.2017 - 11.2019
PROCUREMENT ADMINISTRATOR / SPECIALIST
STILL EARTH HOLDINGS
01.2017 - 04.2024
ACCOUNTANT
FIRST SYNERGI HOMES AND CONSTRUCTION LIMITED
05.2014 - 11.2017
BACHELOR'S DEGREE - ACCOUNTANCY
Madonna University Okija,
12.2007 - 11.2011
Member, Institute for Supply Management - November 2024
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