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• Procurement Expert/ Procurement Consultant: Recognized for exemplary techno-commercial negotiation skills with strategic acumen, impacting costs and bottom-lines, with-in the ITES & Insurance industry. Procurement Outsourcing Expert• Management professional possessing more than 36 years of experience in the information technology & Insurance industry with sharp focus in the cutting-edge strategies for innovative, cost optimized and timely procurement.• Accredited for bringing in cost optimization and significant savings in infrastructure projects through effective consulting and tight reining on redundant costs while adhering to timelines.• Proven strengths in process orientation and negotiation, having won coveted deals at benchmark prices.• I was a core team member of the Technology Enabled Business Transformation Team at HDFC Life that ensured all the processes of the Insurer are 100% automated. We successfully led the company through this massive change leading to more streamlined workflows and efficiency optimization.• Led the procurement transformation from a rudimentary ERP to a more robust and comprehensive SAP ERP, at three of my earlier stints.• Exceptional flair for SAP MM functionality, having studied it closely and synthesized MM & FI workflow to avoid major repetition and ensure smooth flow.• Clinched a gamut of esteemed awards for commendable performance and have been an active speaker in multiple CPO forums.• Conceptualized and successfully put into action centralized procurement departments in the last three organizations• Led the negotiation for transitioning of data center (production as well as DR) from “on premise” Data Center to Cloud Based Data Center that led to significant saving for company• Backed by detailed insights on Call Center business models and workflows we identified leakages and negotiated best in the market rates for the outsourced services. • Successfully conceptualized the negotiation and procurement for multiple office expansion projects for one of India’s leading Life Insurance Company. These multiple projects covered an area of more than 8,00,000 Sq. ft. in their totality and were executed within the stated budget and timelines.• Transparency in dealings through processes and exceptional performance translated in accolades from colleagues and CXOs of all past organizations
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Senior Vice President ProcurementHdfc Life Apr 2018 - Jul 2020Mumbai, Maharashtra, India• Handle PAN India based IT, Non-IT, Marketing, Operations Procurement, with a team strength of thirteen members 1. Conceptualized and implemented Centralized Procurement department 2. Managed Purchases of IT, Admin, Operations, Marketing, Investment, Finance, Human Resources, Claims, Actuarial, Legal, Audit, Digital Marketing and E-commerce 3. Define the processes & policies for the efficient and transparent Procurement 4. Achieving strict adherence of… Show more • Handle PAN India based IT, Non-IT, Marketing, Operations Procurement, with a team strength of thirteen members 1. Conceptualized and implemented Centralized Procurement department 2. Managed Purchases of IT, Admin, Operations, Marketing, Investment, Finance, Human Resources, Claims, Actuarial, Legal, Audit, Digital Marketing and E-commerce 3. Define the processes & policies for the efficient and transparent Procurement 4. Achieving strict adherence of controls & compliance 5. Automating the purchase process• Chart Strategic plans on procurement 1. Define the strategy and implement for procurement• Handle vendor development and vendor alliance management 1. Evaluate and select vendors 2. review vendors performance 3. Vendor consolidation 4. Vendor development• Achievements: o Formulated new Purchase policy o Orchestrated successfully New Office Fit out Purchases for 50,572 Sq. ft. within the project timelines with saving of more than 40% o After using data Analysis saved 85% of the cost of automated response calling o By applying Value engineering reduced cost of Form Printing by 28% o Reduced cost of MPLS expenses by around 33% o Reduced the Managed IT Services cost by 45% o Saving on the new business Reinsurance by around 30% o Marketing external Signage rates reduced by around 25% o AC AMC cost for PAN India reduced by 15% o By having Enterprise Corporate Mobile service reduced the telecom mobile cost by 48% o By applying the value engineering, reduced cost of IVR by around 70% o With Value engineering, Policy Printing cost reduced to 50% Show less -
Vice President ProcurementHdfc Life May 2010 - Apr 2018Mumbai
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Assistant Vice President -CommercialTata Aig Life Insurance Co. Ltd. Jul 2006 - May 2010Mumbai, Maharashtra, India• Handle PAN India based IT, Non-IT and Marketing procurement, with a team strength of eight members, with reporting lines to Chief Finance Officer1. Define the processes & policies for efficient and transparent procurement2. Achieving Strict adherence of controls & compliance 3. Automating of the Purchase process • Chart strategic plans on procurement.1. Member of Purchase Committee• Handle vendor development and vendor alliance management1. Evaluate and select… Show more • Handle PAN India based IT, Non-IT and Marketing procurement, with a team strength of eight members, with reporting lines to Chief Finance Officer1. Define the processes & policies for efficient and transparent procurement2. Achieving Strict adherence of controls & compliance 3. Automating of the Purchase process • Chart strategic plans on procurement.1. Member of Purchase Committee• Handle vendor development and vendor alliance management1. Evaluate and select vendors.2. Review vendor performance and realignment.3. Handle vendor development• Explore avenues for cost optimization1. Telecommunication cost2. Printing outsourcing3. Stationery e-sourcing Show less -
Manager Procurements & ProjectsMastek Limited Jul 1999 - Jul 2006Mumbai, Maharashtra, IndiaHandle IT and non-IT procurement, with a team strength of seven members, Control imports, TCO for each new technology implemented, Define the processes & policies for efficient and transparent procurement, Chart strategic plans on procurement, Define technology for emerging infrastructure set-up, Formulate and control budgets, Leverage technology to enhance efficiency of manpower, Handle automation and integration finance with material module of ERP system to lower the duplication and increase… Show more Handle IT and non-IT procurement, with a team strength of seven members, Control imports, TCO for each new technology implemented, Define the processes & policies for efficient and transparent procurement, Chart strategic plans on procurement, Define technology for emerging infrastructure set-up, Formulate and control budgets, Leverage technology to enhance efficiency of manpower, Handle automation and integration finance with material module of ERP system to lower the duplication and increase the transparency, Streamline complete infrastructure set-up, Control telecom cost by launching new plans/technology, Manage partnerships, Associate with key IT players and provide the benefits to Mastek on sales, revenue generation, better costing for the development environment, Benchmark technologies attuned with partner technology roadmap, Handle vendor development and vendor alliance management, Review vendor performance and realignment, Build world class infrastructure Show less
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General Manager Mm & PMinicomp Private Limited Jan 1991 - Jun 1999Mumbai, Maharashtra, India• Responsible for procurement• Managed works, handling production of computers and monitors• Handled sales order processing• Was in-charge of material management• Supported channel sales order• Supervised Government/excise Liaison• Ensured timely deliveries of quality product within stipulated cost budgets• Handled MISAchievements:• Bagged Best Employee award for two years for exceptional performance
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Assistant Works ManagerMinafax System & Services Pvt. Ltd Jun 1987 - Dec 1990Mumbai, Maharashtra, India• Handled purchase, procurement and sourcing raw material from overseas.• Was responsible for vendor development.• Managed sales order processing.• Handled production scheduling, raw material planning, finished goods quality control, invoicing and logistics.
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R&D EngineerMirc Electronics Pvt. Ltd. May 1985 - May 1987Mumbai, Maharashtra, India• Designed Indigenous TV.• Worked on R& D projects.• Reported MIS.• Procured the required parts.• Developed vendors for the products.Achievements:• Completed full functional indigenous TV in 1986.
Nitin Vaidya Skills
Nitin Vaidya Education Details
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Advancing Leadership Effectiveness -
Full Spectrum Leadership Programme
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Leadership Development Programme
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Physics -
Dgt High School
Frequently Asked Questions about Nitin Vaidya
What is Nitin Vaidya's role at the current company?
Nitin Vaidya's current role is Founder @ EZEEPROCURE & EZEERECOVER.
What is Nitin Vaidya's email address?
Nitin Vaidya's email address is ni****@****ail.com
What schools did Nitin Vaidya attend?
Nitin Vaidya attended Indian School Of Business, Indian School Of Business, Indian School Of Business, University Of Mumbai, Dgt High School.
What skills is Nitin Vaidya known for?
Nitin Vaidya has skills like Outsourcing, Vendor Management, Management, Team Management, Procurement, Sourcing, Strategy, Negotiation, Erp, Leadership, Relationship Management, Business Strategy.
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Nitin Vaidya
Managing Director: *Magna International Limited *Parth Specialty Resins And Marketing Pvt Ltd, * President : Enviropolymer International Llc , UsaMumbai2ieiplastics.com, ieiplastics.com1 (410) 6XXXXXXX
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2gmail.com, dashami.com -
1gmail.com -
Nitin Vaidya
Mumbai
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