Nikhil Tyagi Email & Phone Number

Pune, Mh, In

Pune, Maharashtra, India

• Leading the Strategic Sourcing function of SKF Components – EMS, Plastics, Rubber, Sheet Metal, Casting and Subcontracting; with a team of 6 category managers• Steering New Supplier Development functions, building relations with key strategic suppliers, evaluating performance and driving supplier innovation• Successfully analyzed category spend data and Supplier Market to find opportunities for total cost reduction e.g. cost level vs market, supplier consolidation, specification rationalization, variant reduction, and so on• Attending supplier decision meetings, conducting e-auction/online bidding, and using standard costing tables, zero based costing, & tools like NPV (Net Purchase Value) for finalizing the suppliers• Conducting focused project management meetings to manage Second Source Development, Localization, Technology Transfer, VA VE & Teardown activities• Evaluating sourcing procedures and presenting improvement strategies to senior management for approval• Driving purchasing decisions based on cost and scenario analysis, as well as Sourcing Strategy• Negotiating contracts with key suppliers, including costs and terms of supply, service, and quality• Collaborating with the Procurement Department to identify and pursue new supplier opportunities• Received excellence award in two consecutive years in Leaders Choice and Strategic Sourcing champions caegory

Gurgaon

• Leading Strategic Sourcing function of SBG - Safety and Productivity Solutions comprising of product portfolio – Barcode Scanners, Personal Protective Equipment for Industrials , Gas Detectors, Mobile Devices for data collection • Attending supplier decision meetings, conducting e-auction/online bidding, and using standard costing tables, zero based costing, & tools like NPV (Net Purchase Value) for finalizing the suppliers• Drafting framework agreements, negotiating clauses with suppliers while collaborating with legal & internal stakeholders• Issuing & managing the contracts in SAP and coordinating with suppliers, contractors & internal stakeholders• Steering New Supplier Development functions, building relations with key strategic suppliers, evaluating performance and driving supplier innovation• Rendering support to management of NPD/ NPI, Product / Process Improvement, Six Sigma/Lean Manufacturing & Value Engineering/CE & Velocity Product Development• Conducting focused-meetings to manage Second Source Development, Localization, Inner Part Localization, VA VE & Teardown activities• Collaborating with cross-functional teams for Procurement, Sourcing, Supplier Development, Quality and Supply Chain Management of material for various projects • Preparing & executing RFX; establishing Bidder's List, reviewing Intent to Bid (ITB), and conducting pre-bid meetings with bidders & internal stakeholders while managing technical queries, if requiredHighlights : • Led the successful launch of: o Low Cost Mobility Devices to compete in economy segment for Asia market with 5’Y revenue worth $2.2M o Tracking & Locating solution on Honeywell Handheld for Guided navigation & asset tracking for warehouse application - 5’Y Rev. 16.7M • Introduced Arc Flash protective clothing for ASEAN - 12 & 25 Cal having 5’Y revenue of $5.1M.

Gurgaon, India

• Successfully managed and drive component engineering (CE) and support value engineering (VE) projects for XCOE’s – EMS/Electronics, Plastics, Stampings & Raw Metals generated cost reduction of $10.8 M from XCOE spend - $2.2Bn. • Arrange BAE’s & Should Cost for XCOE’s and drive projects to meet deadlines,track,monitor and summarize reports to senior leadership.• Responsible for handling the project portfolio for their successful execution and on time delivery with customer delight.Instrumental in the project from start to finish and ensuring that the organizational processes are being followed while checking the features of the project during the time it is being completed.• Participated in Honeywell wide – Supplier Summit in USA for negotiations with all key supplier based on Global Send.• Collaborating with the senior management to maintain a continuous stream of information regarding the project status and progress; follow up the project according to the Global Development Process (DVP) and decided support processes and deliver project on time, with agreed quality, cost, and features (QDCF) according to requested volumes and production capacity.• Proposed innovative design engineering solutions and cost saving alternatives to meet clients' objectives and expectations.• Fostered and secure a phase-In/phase-out plan for old and new products in alignment with affected stakeholders and estimated, controlled and executed total project budget, including project cost and capex investments and secure alignment with organization budget frame.

Gurgaon, India

• Successfully managed and launched platform project – Circuit Protection for India in Nov 2013, through global cross functional team, to drive 5 year business revenues plan of over US $ 21Mn in India.• Successfully launched global platform project “Elements in July/Aug 2014” involving global cross functional team, to drive 5 year business revenues of over US $ 10Mn in India.• Introduced first antibac range switch range in India – Blenze in July’16 which has created USP in hospitals, laboratories & hotel industry.• Received HGR Excellence award Q4’15 for successfully launch of new Wiring device range “CITRIC” to drive 5 year business revenues plan of over US $ 18 Mn.• Introduced new wiring device range for Thailand and Philippines region from Honeywell Manufacturing unit in India contributing 5 year business revenues of over US $ 6.5 Mn.• Managing many others in progress platform- Series 300 Detector,RFS –Mass mid segment fire product & major localization projects to generate business revenues and savings involving global teams and expectations of Business leaders and all stakeholders.

Gurgaon, India

• Spearheaded the launch of 5 new ranges of supermarket products in 2013• Contributed as a Member of Core Committee (Localization of Modern Retail Product) – Advanza, MST& Counters • Spearheaded the entire gamut of activities entailing New Product Development, Cost Reduction Targets & Localization in the product segments like Super Market products, Chest Freezers, Cold Room Systems and Higher HP Condensing Units• Administered the project management, starting with the signing of NDA & LTA agreements, technology transfer, development of equipment’s & machinery, development of parts in India, timeline monitoring, finalization of part cost & project cost

Gurgaon

• Administered the successful implementation of Cost Reduction Programme, thereby saving INR 3 Crores annually • Drove measures to implement 4 New Models of Air Conditioners within a year• Negotiated best prices in the industry for the critical imported items like Rotary Compressors, Fans/Blowers, and Controls

Mba, Operation Management

B.Tech, Mechanical Engineering

12Th, Pcm