Rakesh Malik

Rakesh Malik Email and Phone Number

Senior Director of Procurement @ OptiGrid
Newark, CA, US
Rakesh Malik's Location
Newark, California, United States, United States
Rakesh Malik's Contact Details
About Rakesh Malik

Dynamic and global OEM/EMS operations and supply chain professional with “Industry Best” results in materials operations, supply chain and commodity management. SCM expert who creates and implements strategies to improve business profitability and operational excellence. Cross-cultural communicator who excels at negotiating agreements and resolving problems.

Rakesh Malik's Current Company Details
OptiGrid

Optigrid

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Senior Director of Procurement
Newark, CA, US
Rakesh Malik Work Experience Details
  • Optigrid
    Senior Director Of Procurement
    Optigrid
    Newark, Ca, Us
  • Freewire Technologies
    Senior Director Procurement
    Freewire Technologies Jan 2022 - Present
    Newark, California, Us
    Managed $130M annual spend and 100 suppliers for plastics, metal parts, Wi-Fi, Electrical Industrial OTS items, PCBA, EV batteries, chargers and power cables supporting 2 plant locations in US and Mexico.• Developed a Team of 7 Supply chain professionals managing suppliers and CM in Mexico for continuity of supply with zero line down in Mexico with Increased Volume of 3 times in a Year.• Selected and Aligned MRP (Net suite) and PLM (Arena) for BOM and Cost alignment.• Reduced freight cost by 35% consolidating freight and shifted 80% import volume by sea.• Increased DPO by 8 days through negotiations with key suppliers.• MRP parameters optimization from NPI to production life cycle to achieve least landed cost and excess materials.• Decreased BOM cost by 9% by collaboration with engineering and sourcing through alternate suppliers.• Implemented VMI program with fastener supplier, ensuring parts availability and streamlining ordering process.• Boosted supplier OTD from 65% to 97% through supplier managed inventories at site by executing lean events and value stream mapping.• Streamlined processes and implemented best industry practices amongst 3PL and CM to help with efficiencies, resulting in P&L cost savings.• Supported Service demand and developed consumption base planning in 4 different hubs worldwide.
  • Citrix
    Lead Commodity Manager
    Citrix Jan 2021 - Jan 2022
    Fort Lauderdale, Fl, Us
    Managed $180M in spend and 16 suppliers for plastics, metal parts, Wi-Fi, LTE and 5G cards, Optics, PCBs, SSD, NIC Cards, HDDs and CPUs categories supporting 3 plant locations in US, Europe and Asia.• Generated 1.5- 2.5%+ savings for all sites through supplier pricing negotiations and parts resourcing.• Increased DPO by 15 days through negotiations with key suppliers.• Reduced supply base by 12% by leveraging spend through consolidation.• Decreased BOM cost by $2M by collaboration with engineering and sourcing through alternate suppliers.• Implemented VMI program with fastener supplier, ensuring parts availability and streamlining ordering process.• Boosted supplier OTD from 65% to 91% through supplier managed inventories at site by executing lean events and value stream mapping.• Streamlined processes and implemented best industry practices amongst 3CMs to help with efficiencies, resulting in P&L cost savings.
  • Flex
    Senior Director Materials
    Flex Sep 2015 - Jan 2021
    Austin, Texas, Us
    Supported 2 plants (Milpitas, CA and Austin, TX) with total spend of $1.2B+ through team of 132 supply chain associates. Managed supply chain cost in P&Ls and developing and maintaining strategic alliances with key customers. Oversaw revenue growth and assessment of existing and potential markets.• Reduced lead time profiles across commodities by providing preferred supplier qualifications and improved supplier response through supplier collaboration tools.• Initiated program for selection and approval of suppliers, lowering approval time by 12 days.• Enhanced quality and optimized delivery schedule by supplier consolidation, resulting in 7% cost reduction.• Increased supply chain efficiency by deploying Lean strategies at supplier and Internal manufacturing sites, improving customer OTD by 20%.• Established long-term relationships by setting up strategic contracts with critical suppliers.• Lowered total MRO costs by 23% by supplier consolidation and decreasing total unique components.• Delivered $2M+ in savings by restructuring supply chain team by consolidating duplicate roles and streamlining procedures, processes and KPI’s.• Developed new sources for purchasing electronic parts and initiated OEM discounts, cutting part costs by 3.5%. • Increased flexibility decreased liability and reduced DOS by 15 days through lead time reduction for A components, line side replenishments, Kanban triggers and SMI agreements.
  • Flex
    Director Materials
    Flex Jan 2011 - Sep 2015
    Austin, Texas, Us
    Responsible for Site Procurement, MPS and SSCM
  • Flex
    Sr. Materials Manager
    Flex Aug 1999 - Jan 2011
    Austin, Texas, Us
    Managing Milpitas site Materials

Rakesh Malik Skills

Procurement Mrp Supply Chain Management Supply Management Materials Management Lean Manufacturing Contract Manufacturing Manufacturing Six Sigma Cross Functional Team Leadership Supply Chain Global Sourcing Strategic Sourcing Continuous Improvement Purchasing Kaizen Value Stream Mapping Production Planning Inventory Management Supply Chain Optimization Manufacturing Operations Vendor Management Material Requirements Planning Demand Planning Supplier Evaluation Baan

Rakesh Malik Education Details

  • Indo Swiss Training Center
    Indo Swiss Training Center
    Tool And Die Technology
  • Dav School, Chandigarh
    Dav School, Chandigarh
    High School

Frequently Asked Questions about Rakesh Malik

What company does Rakesh Malik work for?

Rakesh Malik works for Optigrid

What is Rakesh Malik's role at the current company?

Rakesh Malik's current role is Senior Director of Procurement.

What is Rakesh Malik's email address?

Rakesh Malik's email address is ra****@****ics.com

What schools did Rakesh Malik attend?

Rakesh Malik attended Indo Swiss Training Center, Dav School, Chandigarh.

What skills is Rakesh Malik known for?

Rakesh Malik has skills like Procurement, Mrp, Supply Chain Management, Supply Management, Materials Management, Lean Manufacturing, Contract Manufacturing, Manufacturing, Six Sigma, Cross Functional Team Leadership, Supply Chain, Global Sourcing.

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