Prashant Patel Email & Phone Number

Noida, Up, In

Noida, Uttar Pradesh, India

Leading global sourcing strategy and deployment of near shore supplier diversification for GE Gas Power. Driving best SQDC (Safety, Quality, Delivery & Cost competitiveness) outcomes with strategic suppliers across the world, working closely with global sourcing leaders, supplier quality and engineering team. Building growth suppliers as well as identifying new strategic opportunity to develop strategic suppliers worldwide.

Noida Area, India

Key Result Areas: Leading, strategizing and implementing Global Sourcing Strategy for Fabrication commodity ($ 150 M spend) for GE - Gas Power Business. Driving global sourcing strategy to deliver deflation (saving), Cash, OTD & Quality. Driving LEAN and Cost out initiative for Engineered System Implemented various Pivot 2 Value (P2V) initiative to drive change for GEHighlights: Awarded for various sourcing, engineering support in regional and global forums. Always rated as ‘Exceed Expectations’ in annual KPI performance measurement. Developed growth engine for India region sourcing for global.

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Worked as Senior Commodity Leader for Engineered System - GE Gas Power Business MENASA region. Responsible for defining and execute strategy for region sourcing growth with significant contribution of saving.Key Result Areas : - Grown India spend by 6X for engineered system commodity with 18% material productivity (saving / deflation)- Secured $ 2.2. M annual cash benefits by pay-term negotiations- Other Initiative : Regional supplier conference, Lean Action Work-outs, Product Cost Out- Managed Cash initiative for region

Noida Area, India

Responsible for defining and executing sourcing strategies for Engineered System and Electrical / Electronics Commodity to enable business growth in the region for various sub-business under GE Power - South Asia.A dynamic sourcing portfolio with centralized sourcing of $ 300 M direct material purchase across various business under GE - Power (Steam Power Systems (GEPIL), Gas Power Systems (GEIIPL), Power Services, Grid Solutions (GE T&D), Automation & Controls and Power Conversion).Key Result Area : - Delivered deflation (material productivity) of 6%- Improved cash (DTP) by 5 points- Successfully executed many initiative like One GE-Power supplier conference, Product Cost Out, Localization, BCC sourcing, Reverse factoring for cash improvement, Reverse Auction

Dubai

Key Result Areas:- Leading Estimation Team for engineering & construction business for Dodsal from Nov’16 as Procurement Manager- Streamlining the estimation and bidding process for the company and creating the database for estimation- Ensuring to improve the cost efficiency and accuracy by adhering to the technical requirement as specified in client's tender documents- Formulating the project specific commercial terms & conditions in line with contract terms & conditions- Co-ordinating with client/PMC for approvals related to suppliers and procurement; collaborating with Engineering/QA/QC for approvals on vendors documents- Analysing the project estimation cost and develop bid winning strategy for procurement cost for complete project for Dodsal E&C for clients like KOC, ADCO, GASCO, ORPIC, Saudi Aramco, Sonatrach, Total and so on- Engaged in the procurement of various packages like Compressor, Customized Packages, Pressure Vessel, Pumps, Power Supply Skid, HIPPS Package, Transformer and so on for existing projects (ADCO - NEB, KOC - GC31 & KOC - EWITP, Sontrach - ZCINA, Saudi Aramco - MGS)- Comprehending forecast variance and accuracy with cause effect analysis in comparison with customer forecasts, inventory data as well as statistical forecast vs. judgmental forecastsHighlights:- Recognized for ensuring cost, quality and delivery of major equipment by controlling, monitoring and expediting with all stakeholders- Engaged in bidding success rate that was 25% (one ordered was secured while bidding 4 projects); improved bidding price accuracy (3/4 of project was lost on very thin margin of price difference in the range of 2 ~5%)- Gained recognition for estimating Engineering & Construction Business for Dodsal- Saved on an average 20% obtained against budget and around 30% against tender price for procurement of packaged items

Reliance Corporate Park, Navi Mumbai

- Managed CAPEX procurement for refinery equipment namely Sea Water Reverse Osmosis (SWRO) System, Cryogenic Package, Multi Effect Desalination (MED) Package, Water De- Mineralization (DM) Water Package, Condensate Polishing Unit (CPU) Package, Air Compressor, Effluent Treatment Plant and so on for J3 offsite & utilities.- Engaged in managing various contract finalizations for refinery like HVAC, Pipe Spool Fabrication and so on that included devising contract, contract negotiation and contract closure- Established management reporting requirement along with Flour (PMC)- Saved significant cost ($ 200K on a spend of $ 900K) by value engineering and value proposition for J3 Project for Reliance Industries Limited- Contributed in establishing pipe spool fabrication contract from global suppliers for the first time for Reliance Industries Limited

Ahmedabad Area, India

- Engaged in sourcing of all bought out items including Fabrication, Heat Exchanger, Motors, Control Panel, Valves, Electrical, Instrumentation and other miscellaneous items- Developed new product for Rotary Air Compressor well within target cost- Delivered 1.2 M$ saving by localization and low cost country sourcing of spend worth 5.98 M$- Engaged in delivering 5.5 M$ worth gross productivity on spend of 74 M$- Improved warranty recovery from 15.4% to 25%- Ensured to improve DPO (Days Payment Outstanding) by 1 day (from 50.4 days to 51.4 days) that generated additional cash worth 29 K$- Consolidated supplier base by 35% (moved supplier base from 398# to 255#)- Pivotal in developing Supplier Score Card Matrix

- Worked as a key member of Facility Establishment Committee for setting up Super Critical Boiler Manufacturing Unit in joint venture with Mitsubishi Heavy Industries, Japan - Managed transfer price for various power project awarded by L&T Limited to Boiler JV- Engaged in Global Sourcing of various capital items required for establishment of Manufacturing Unit namely plant & machinery, buildings & shop facilities, electrical, bulk material like pipes & tubes and so on- Pivotal in strategizing business plan for new venture of Super Critical Boiler- Played a key role in finalizing joint venture agreement with commercial consideration

- Spearheaded Purchase Department for complete unit- Developed a separate Strategic Business Unit for manufacturing of Antifab Compound used to achieve overall operational efficiency and improve stakeholder’s value by improving profitability- Engaged in cash flow management of four (4) business units as well as cost control & budgeting of Manufacturing Units in co-ordination with various Profit Center Head- Identified opportunity for recycling plastic waste and utilized the same for further process and thereby improved profitability of organization and reduced waste hazards for improving environmental conditions

- Spearheaded cost effective procurement of various critical equipment like: BTG Package – BHEL, Trichy; Vacuum Pump – Nash Elmo, Germany HP LP Bypass System – Hora, Italy; Elevator – Mitsubishi Engineering, Colombo Generator Circuit Breaker – Alstom T & D, France- Directed cost effective procurement of various bulk quantity material/ packages like: Pipes, Fittings & Valves, Cables, Thermal Insulation, Instruments, Hardware & Sheet Metals CW (Circulating Water) System, Acid Unloading System, Chemical Dosing System, Hypo Chloride Dosing System, Sodium Sulphite dosing system, Chlorination System- Acquired vast exposure on: Laws of Customs and Excise that governed Third Country Export Project Laws of Taxation for purchase of various items Quality norms / process guarantees that were required for various equipment and/or systems- Managed IT assignments ranging from: Use of IT Tools for integration of design & engineering with business process (Power SBU) Reviewing of software packages for integration of design & engineering with the business process SAP R/3 was reviewed to understand its accomplishments in integrating a project right from planning to execution- Successfully developed: Project Management System developed by Sargent & Lundy E-Procurement (package developed in-house) e-ALPS (Activity Level Planning System) Technical & commercial database of executed projects (K-net) Drawing Management & Tracking System, Material Tracking System Engaged in managing site erection and commissioning before stipulated time Gained experience of using Primavera & MS-Project for generating various reports for top management

Mba (Finance), Finance

Bachelor Of Engineering - Be, Mechanical Engineering, 62.17

Nirma Institute of Technology