Progressive and cost-conscious sourcing leader with over 20 years of experience building and leading the strategic & global sourcing functions across products & services. Comprehensive expertise in leading the end-to-end procurement functions including sourcing policy & strategy implementation, supplier/vendor evaluation, selection & development, commercial finalizations, contract negotiations, budgeting & forecasting, compliance management and supply chain management, ensuring smooth & uninterrupted operations. Recognized as an accomplished strategic sourcing manager whose expertise translates into higher profit margins and provides a competitive advantage to the organization by negotiating cost-effective contracts & developing “win-win” strategies; adept at driving long-term alliances with strategic suppliers by developing effective supplier management programs and enhancing productivity & efficiency of processes and driving cost- reduction through development of alternate suppliers & materials. A visionary and a collaborative leader capable of building high performing teams and achieving stretch targets and transformation of the procurement function from a tactical to a strategic contributor.
Polybond India Pvt. Ltd.
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Vice President Corporate PurchasePolybond India Pvt. Ltd. Jul 2021 - PresentPune, Maharashtra, India
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General Manager Strategic SourcingYork Transport Equipment May 2012 - Jun 2021Pune Area, IndiaCareer growth path:• General Manager - Vendor Development and Material Management• AGM - Vendor Development and Material Management• SR. Manager - Vendor Development and Material Management• Manager Vendor Development Key Responsibilities: • Leading & driving strategic sourcing management goals of the company and implement action items to ensure that those goals are achieved, implementing purchase/ procurement strategies for India and China facilities.• Leading the compliance implementation process • Determining the product costing and recommended the same to management and marketing teams based on which the final selling price of product is decided. • Developing & implementing sourcing & supplier selection strategy domestically & internationally, analyzing industry trends & technologies to identify supply base issues to minimize risk, protect continuity of supply, & utilize emerging opportunities.• Contributing to Planning & budgeting, Techno Commercial Evaluation, Live Biddings, Negotiation, Recommendation, Inspection, Expediting & Tracking; monitoring of price trends for various commodities• Assisting in costing & pricing of various parts, price settlement with the suppliers, long-term contracting with key suppliers including Steel Mills ensuring long term price advantage and mitigating risk of material cost increase• Excess and Obsolescence management, analyzing procurement costs and developing cost reduction strategies.• Driving purchasing decisions based on cost and scenario analysis, as well as market trends.• Negotiating contracts with key suppliers, implementing a total vendor managed inventory solution, managing continuous improvement of entire certification processes of suppliers• Effectively imparted training to teams of various strengths in Purchase and Vendor Development. -
Deputy ManagerTata Autocomp Systems Ltd May 2006 - Dec 2010Pune, Maharashtra, India• End to end responsibility of the Supply Chain – including collecting drawings from customers, identifying suitable suppliers across India, feasibility study, commercial negotiations & finalization with the suppliers & customers and post-sale support ensuring regular dispatches as per the customer schedules along with managing the Quality assurance throughout the process. • Recognized for maintaining Zero-line stoppage by ensuring timely deliveries to all customers. • Recognized for maintaining 0 PPM at all customer 2010 and COPQ brought down to less than 0.05% from 8.0%• Extended grass rooted efforts in various activities such as:- Reduced Honeywell PPM from 10,500 PPM to 0 PPM at Honeywell UK and Romania- Cost saving target for HTC by developing the imported components. - Grew production of machined housing for HTC by 18% by modifying the machining fixture.• Cost saving achieved in:- Raw material cost saving by 5% and machining by 4% for Hitachi through standardization of design.- Cost saving by 7% for Honeywell by introducing combination machining fixtures.- Cost saving by 4% PSL by reducing cleaning and packaging cost.
Prashant Shinde Education Details
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Be (Production Engineering)
Frequently Asked Questions about Prashant Shinde
What company does Prashant Shinde work for?
Prashant Shinde works for Polybond India Pvt. Ltd.
What is Prashant Shinde's role at the current company?
Prashant Shinde's current role is Strategic & Global Sourcing | Supplier Partnership | Contract Management | Project Management.
What schools did Prashant Shinde attend?
Prashant Shinde attended North Maharashtra University.
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Prashant Shinde
Vice President - Digital Transformation | Insurance | Banking #Insuretech #Fintech | Driving Digital Deliveries & AdoptionMumbai -
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