Nitin Panwar Email & Phone Number

Bengaluru, Ka, In

Gurugram, Haryana, India

Managing annual spend of $700M+ in IT Procurement.Managing large and complex vendor negotiations and deriving savings of 14% of the managed spend.Developing category sourcing strategy through deep data analysis.Managing end to end procurement process understanding internal stakeholders requirement, supplier selection, negotiation and contract management.Driving the execution of multiple business plans and projects.Creating supplier segmentation strategy.Managing… Show more Managing annual spend of $700M+ in IT Procurement.Managing large and complex vendor negotiations and deriving savings of 14% of the managed spend.Developing category sourcing strategy through deep data analysis.Managing end to end procurement process understanding internal stakeholders requirement, supplier selection, negotiation and contract management.Driving the execution of multiple business plans and projects.Creating supplier segmentation strategy.Managing supplier contracts and ensuring compliance as per WM standards.Conducting RFx for various projects in IT category to service best value for the organisation and right vendor selection.Working closely with internal stakeholders in the company i.e. Technology business users, legal,finance and Operations procurement team.Leveraging various e-procurement tools for managing end to end procurement cycle.Benchmarking supplier pricing with the industry benchmark and developing negotiation strategy to take best informed decision to arrive at the right pricing and deriving cost savings.Closely tracking and manging the payment terms of all the supplier in the category and work towards increasing then to NET90 days term creating cost saving opportunities for the company.Managing relationship with the strategic supplier's , conducting QBR's and mitigating the potential risks in the best intrest of the company.Leading and mentoring the team of novice & seasoned Procurement Professionals. Show less

Gurgaon, Haryana, India

Gurgaon, India

Lead new product development for 35+ major & minor car models.Developed and managed the strategic procurement team by setting smart objectives and managing performance to meet the corporate strategy objectives.Developed strategies for risk mitigation, business continuity, cost management and operations improvement. Lead supplier selection, negotiation, contracting activities to drive supply base optimization.Managed Tendering & RFQ process to drive localization strategy &… Show more Lead new product development for 35+ major & minor car models.Developed and managed the strategic procurement team by setting smart objectives and managing performance to meet the corporate strategy objectives.Developed strategies for risk mitigation, business continuity, cost management and operations improvement. Lead supplier selection, negotiation, contracting activities to drive supply base optimization.Managed Tendering & RFQ process to drive localization strategy & develop local suppliers.Managed planning of resources, rendered technical support, and ensured the execution of projects with time, quality, cost & budgetary parameters.Vendor Management for critical design & Quality issues ensuring zero defects at SOP.Optimized Product Development of Top20 Warranty issues (Cost-wise~80%) by taking early feedback from Warranty team, in upcoming New Models.Implementation of various VA-VE proposals in production models.Project management involving Concept preparation, Target setting, schedule preparation, and conduct stage reviews to ensure smooth execution of project.Collaborated with key stakeholders to plan & resolve problems faced during New Model Development (Concept to production stage).Regular vendor audits to reduce the manufacturing defects & improve productivity.Market Research to stay current with latest industry trends.Talent management, Recruit and Manage team of novice and seasoned professionals. Show less

Gurgaon, Haryana, India

Gurgaon, Haryana, India

Pantnagar

Managing all the supplier's of Assembly line and ensuring smooth Procurement of all the parts of Assembly line.Worked on development & Strategic sourcing of vendor components for Tata ACE & Magic.Consulted Vendors for Process optimization & 300+ improvements for Greenfield project.Market Research conducted in 5 Indian cities to finalize the spec. of upcoming new model.Grading suppliers on parameters such as technical expertise, production capability & capacity and… Show more Managing all the supplier's of Assembly line and ensuring smooth Procurement of all the parts of Assembly line.Worked on development & Strategic sourcing of vendor components for Tata ACE & Magic.Consulted Vendors for Process optimization & 300+ improvements for Greenfield project.Market Research conducted in 5 Indian cities to finalize the spec. of upcoming new model.Grading suppliers on parameters such as technical expertise, production capability & capacity and Quality.Regular monitoring of parts for various parameters, line problem analysis, line rejection control.Established vendors in new vendor park within vicinity of company premises. Show less

Gurgaon, India

Vendor Process optimization & proposed Engineering design changes to cut supply rejection rates by ~20% & improve productivity levels by 15%, achieved the target successfully.Worked on development of various components for Honda Activa, Eterno & Dio.Strategic Sourcing initiated through 25 new Vendors & 200+ audits done to streamline sourcing from vendors.Audit at Vendor’s end (QAV1) for onboarding new vendors based on Capacity, Quality, Cost & Delivery.

Master Of Business Administration (Mba), 1 Year Full Time Mba- Ipmx

(Paris & Berlin), Managing In European Business Environment

Bachelor Of Technology (B.Tech.), Mechanical Engineering