Prashant Kr. Email & Phone Number

India

India

India

Negotiation Price settlement with supplier.Achieve savings through process improvements VA-VE.Manage cost effective sourcing of sheet metal parts, injection moulding parts, plastic parts, various type of cables and other parts like packing material, hardware’s etc.Negotiate and place contracts for all new parts in all the business segments (Industrial, Telecommunication and Transportation) with local partners and third party supplier’s.New product development as per organizations need, prepare should cost inputs, identification of most suitable supplier, sample development and formalization of supplier contract and handover to operation buyer for regular ordering process.Work closely with supplier development team involving Sourcing, Quality and Engineering experts and derive strategic plan for vendor development considering market forecast and future business projections.Implement and monitor continuous improvements and cost saving projects throughout the supply chain to create competitive vendor database in all the business segments.Collaborate closely with cross functions especially PPC / Inside Sales / Production / Engineering and Quality team on regular basis. Provide necessary support to sales functions on cost development and new product development.Managing/Supervising and Training/Development of team in alignment with company objectivesCoordinate for Updating and releasing all material master records in SAP. (Master data control like Info record, source list, vendor data etc)Negotiate with party and get approval of signing authority.Prepare Purchase Requisitions for conversion to Purchase Orders.Procurement activities i.e., P.O. release, delivery schedule, monitoring Vendors.Parallel Managed buying capacity of B.O.P and consumables.

Grater Noida

Handling complete Washing machine factory cost including Capex, Opex, Bom Cost & RM CostResponsible for monthly Raw material Price comparison Against Allocated budget (Resin & Master batch)Responsible for controlling stock & procuring commodities moulding & Sub Assembly parts of Washing Machine.Take perpetual inventory daily & compare stock with SAP & analyse the GAPResponsible for Stores related SAP & WMS day to day activity.Responsible to controlling inventory.Make plan of material consumption based on 3 Month rolling plan & circulate details and inventory liquidation meeting with SCM & PPC to reduce ageing inventory.Responsible for monthly PSV activitiesPrepare Purchas Order as per Purchase Requestion and Issue schedules.Daily follow -ups with Vendors for Material as per schedule.Ensure that inventory items are stored properly and Issued in FIFO rotation to minimize Wastage and spoilage.Cost Reduction through VA-VE. Souring Alternative in various ways.

Gurugram, Haryana, India

Material Planning/Inventory Management: Preparing material requirement plan and procuring activities (scheduling, order execution, delivery follow up & shipping follow up, payments) as per production floor needs/sales plan. Efficiently managing the inventory levels, for ensuring ready availability of material to meet sales plan and dispatch targets.E-Auction: Liquidation of non-moving raw material and other obsolete machinery across the group units using E-Auction technology for best returns.Strategic Sourcing: Steering strategic sourcing through identification of cost-effective vendors/suppliers/components for procurement with an aim of reducing cost while improving quality & reliability.Product Quality: Close co-ordination with Quality team regarding product manufacturing complains, service complains & its solutions.New Vendor Development: Selection of new vendors for the products & cost saving. Creation of the legal contracts such as exclusivity, NDA etc.New Product Development: Development of new product series through existing or new vendors as per the indent received from the customer.Audit: Audit of the suppliers based on infrastructure, financial, production capacity, present customers, goods quality etc.Cost Saving: Keeping track of Raw Material prices for better cost saving. Ensured cost reduction through renegotiations with suppliers, with the target of at least 3% saving of the overall business.Costing: Costing & Negotiations for new product Development

Gurugram, Haryana, India

Analyzes the Jobs received from different cross functional departments on basis of their scope of work, timelines, budgets Survey market to get the competitive bids on basis of scope of jobs received from stakeholders.Arrange samples from suppliers for quality assurance as per demand of the job After sample approval negotiate rates and terms with the suppliers Take necessary approvals as per set company policies Arrange documents from vendor for vendor code generation in the systemEnsure to generate purchase orders in system and send to suppliers to meet delivery timelines Use SAP to generate purchase order and GRN after receipt of the product with inward stamps Kind of jobs handling - Contract negotiations with cab vendors, Stationery vendors, IT- equipment’s, Printings jobs, Customized gifts, electronic and non-electronic itemsAdministration work like dealing with hotels & Agencies to get best rate for conferences and eventMaintain MIS tracker of jobs with savings, bid details and tat adherence Invoice processing Development of customized product as per the stakeholder requirementInvoice processing of vendors to ensure timely payment to vendorFollow up for regular production parts to maintain part inventory, to avoid line stoppage.Conducting interdepartmental meetings.To attend quality problems & solve them. Materials Sourcing for Raw Materials, M/Cs Spare parts, Tools, Fabrication, Chemical, Consumable from Indigenous Market.Techno-Commercial Negotiation with the vendor for obtaining optimum Price of correct specification & keeping in view the management target Price/Cost reduction etc. Selection of good vendors and accessing their Capacities, CapabilitiesImproved Lead Time & Supply of Component through proper control & Forecasting.Involved in cost saving of plastic item, packaging item, corrugated box, Consumables etc.

Bachelor Of Technology, Mechanical Engineering, 67%

Diploma, Mechanical Engineering, 71%

Kaloi, Jhajjhar

Education record