Joel Mumba Chikande

Key Responsibilities:

• Strategic Planning: Developing and executing strategic procurement plans aligned with the organization's CAPEX objectives, considering long-term value, cost-effectiveness, and risk mitigation.

• Vendor Selection and Management: Identifying and evaluating potential suppliers, negotiate contracts, and manage vendor relationships to ensure quality, reliability, and cost-effectiveness of CAPEX purchases.

• Budget Management: Collaborating with finance and project teams to develop CAPEX budgets, track expenditures, and ensure adherence to budgetary constraints.

Key Achievements:

•Cost Savings: Achieved cost savings of 45% through strategic sourcing initiatives, supplier consolidation, and competitive bidding processes, optimizing CAPEX expenditures without compromising quality or service levels.

•Supplier Rationalization: Reduced the number of CAPEX suppliers by 30% through rigorous vendor evaluation and consolidation efforts, streamlining procurement processes, and leveraging economies of scale to negotiate favorable terms and volume discounts.

•Contract Negotiation Success: Negotiated a long-term agreement with a key supplier, securing preferential pricing, extended payment terms, and performance incentives, resulting in cost savings of 30% over the contract duration.

•Process Optimization: Implemented a cloud-based procurement platform, streamlining CAPEX requisition, approval, and purchasing processes, reducing cycle times by 40% and enhancing visibility and control over procurement activities.

•Compliance Excellence: Achieved 95% compliance with regulatory requirements and internal policies in CAPEX procurement activities, passing internal and external audits with no major findings or compliance issues.

•Stakeholder Satisfaction: Received positive feedback from internal stakeholders for delivering CAPEX projects on time, within budget, and to specifications, fostering collaboration, trust, and confidence in the procurement function.

• Managing internal requisitions for Watu Credit Ltd's Kenya operations across various regions
• Evaluating, onboarding, and managing vendors within the company's systems
• Facilitating vendor settlements in collaboration with the Finance department
• Conducting variance analysis and generating reports as needed
• Reviewing and managing vendor contracts to ensure compliance
• Automating manual procurement processes in accordance with the company's accounting standards and Microsoft Dynamics
• Providing guidance to the Customer Success team on pre-budget and post-budget processes
• Creating and automating procurement processes using Google Sheets
• Achieving a 40% reduction in expenditure on procurement goods and services
• Successfully sourcing event vendors within a budget of Ksh 18M
• Conducting warehouse reconciliations to prevent fraudulent activities
• Regularly monitoring 10–15 suppliers quarterly to ensure contractual obligations are met.

• Delivered exceptional sales performance: Consistently exceeded weekly targets and maintained accurate reporting
• Ensured data quality: Conducted thorough large-scale data testing to guarantee data integrity
• Optimized warehouse operations: Streamlined warehouse records management for improved efficiency
• Closed numerous sales: Executed sales strategies and followed up on leads, resulting in successful customer conversions
• Increased revenue through upselling: Effectively promoted bike upgrades, driving higher sales value
• Demonstrated proficiency in Sales execution, lead nurturing, data analysis, record keeping, and upselling techniques.

• Assessed loan eligibility: Verified applicant information, credit history, and other relevant details to make informed loan decisions
• Ensured data accuracy: Entered data accurately and created databases within the company's systems
• Facilitated loan disbursement: Collaborated with the front office department to ensure smooth loan disbursement to approved applicants
• Managed loan servicing: Followed up on loan repayments, devised flexible repayment plans when necessary, and ensured customer satisfaction
• Reconciled accounts: Performed account reconciliations to ensure the accuracy of all balances and interest rates
• Maintained compliance: Oversaw loan processes to ensure adherence to internal company policies and regulatory requirements.

• Assessed portfolio risk: Conducted thorough risk assessments of credit portfolios, identifying potential issues and vulnerabilities
• Tailored payment plans: Developed flexible and customized payment plans to facilitate loan collection and improve client satisfaction
• Analyzed portfolio data: Leveraged data analysis to gain deep insights into portfolio performance and identify areas for improvement
• Optimized portfolio: Based on data-driven insights, implemented strategies and tactics to optimize portfolio performance and maximize returns
• Reported key risks: Regularly communicated key risk factors, trends, and overall portfolio performance to stakeholders, ensuring transparency
• Enforced compliance: Oversaw adherence to internal policies, regulations, and industry standards, mitigating compliance risks
• Engaged with clients: Proactively engaged with clients facing collection challenges, offering support and guidance to resolve issues.

• Orchestrated management reporting procedures to track and analyze periodic purchasing activities effectively
• Enhanced supplier relations management strategies resulting in shorter Turnaround Time (TAT) for urgent orders and improved overall procurement efficiency
• Implemented meticulous production records management systems, ensuring accurate documentation of parts numbers and bills of materials for streamlined operations
• Reviewed and managed contracts in strict alignment with company policies, mitigating risks, and ensuring compliance
• Spearheaded detailed price analysis initiatives and developed scoring matrices, facilitating data-driven decision-making processes for procurement operations
• Successfully executed cost reduction projects, achieving a notable 30% reduction in expenditure for the organization.

• Identified and verified vendors while ensuring rigorous onboarding processes to maintain a reliable vendor base
• Conducted comprehensive vendor price evaluations in accordance with the institution's procurement plan and budget, optimizing cost-effectiveness
• Implemented effective inventory management protocols, guaranteeing timely restocking based on predefined reorder levels to prevent stock outs
• Evaluated vendor contracts meticulously to ensure alignment with institutional requirements and standards, safeguarding against potential discrepancies
• Facilitated internal requisitions promptly, ensuring smooth workflow and timely fulfillment of procurement needs within the organization.