Lavkush Singh Email & Phone Number

Pune, Mh, In

Pune, Maharashtra, India

1)Strategic sourcing of packaging and injection moulding commodity2) Lead for cost innovation projects3) BOM estimation and cost management 4) Cooling Commodity (Compressor, Seal system Parts) Lead5) Cost Innovation Program leader

Mumbai, Maharashtra, India

Indirect spend management for west region

• Developed the vendor base for 200+ components for IFB Refrigerator project in stipulated timelines• Developed new vendor for Refrigerator product sourcing at 15% lower cost compared to existing sourcing• Developed the strategy document for negotiation of key commodities based on supply market analysis• Negotiated all IT and service contracts for the new IFB Refrigerator plant• Developed new vendor for PCBA in India at 10% lower cost compared to existing imported source• Lead the cost innovation team at IFB to bring down the overall BOM cost of product by should cost analysis,competition benchmarking, tear down analys

Toronto, Canada Area

Mumbai Area, India

• Project lead for “Zero defect zero effect” quality improvement project, which resulted in a reduction of 40% incoming material rejection against target 25%• Developed new metrics for new supplier evaluation• Developed new standard templet for the bill of material (BOM) cost estimation, which resulted in a 50% reduction in time required to estimate BOM cost

Mumbai Area, India

• Sourcing team leader for new product development, successfully delivered 8 projects in 4 years within stipulated timelines • Lead the inventory reduction project, which resulted in a 3% reduction in working capital• Generated cost saving of 12% (INR 33 million) through Supplier consolidation and alternate negotiation strategies• Initiated and led localization project resulting in a 7% reduction in cost and 13% reduction in lead time• Spend analysis and devising a strategy for $5 million category• Prepared risk management & disaster recovery plan for each supplier to ensure quality and delivery as per the norms• Commodity trend analysis and devising a strategy for steel and plastic raw material procurement• Prepared and executed a new Supplier Quality Assurance Agreement• Handled contract management of global suppliers to get the best benefit of Quality, Delivery & Price

Mumbai Area, India

• Assessed the performance of the vendors based on various criterions such as percentage of rejections, technology, quality improvement rate, timely delivery, credit terms• Scanned markets for latest technologies, supplier and process benchmarking• Formulating and implementing the Annual and Strategic Business Plan• Generated cost savings worth INR 20 million through alternate sourcing, negotiation and value engineering in Steel category

Master Of Business Administration - Mba, Global

Bachelor Of Engineering (B.E.), Mechanical Engineering, First Class With Distinction

Activities and Societies: University Topper in Strength Of Material Subject. Part Of Infra and securities team.