Premkumar Chandran Email & Phone Number

Bengaluru, Karnataka, India

Chennai, Tamil Nadu, India

In the corporate Central functions for Technology, Cost Analysis Center, lead cost reduction pilots across product lines and offer expertise in Project Navigation, cost analysis, Value Engineering, and Should Costing.● Managing cost reduction initiatives in the Danfoss Power Solutions (DPS) segment. Leading a team of VAVE engineers and cost engineers to execute cost-saving projects across segments to meet year-over-year goals. ● Analyzing comprehensive spend data to formulate strategies for category management such as dual sourcing, localization, consolidation, cost reduction, and risk mitigation.● Perform potential mapping, pinpoint opportunities, conduct cost reduction pilots, facilitate idea generation workshops, evaluate ideas, and monitor implementation.● Responsible for implementing cost down approach, tools and process across the segments.● Develop Strategy & execute the savings pipeline by closely working with category management and divisional procurement leaders.● Implement a cost reduction initiative for suppliers by combining productivity enhancement tools with cost-saving measures.● Perform target costing for NPD project and provide cost avoidance proposals as early in the product lifecycle.● Developed Cost-Carbon-Circularity (C3) assessment reports for new products.

Chennai, Tamil Nadu, India

 Responsible for achieving cost down targets on existing products through Value engineering  Achieve variable cost targets in new products through design to cost approach. Run cost down projects on identified products to maintain or improve contribution ratio. Maintain and continuously improve tools and process for cost down. Train team members on value engineering tools and process. Facilitate cost down workshops and supplier workshops. Ensure healthy pipeline for cost reduction through idea generation workshops. Develop implementation plan for the ideas along with cross function teams. Monitor the progress of ideas in take necessary action if any deviations from the proposed implementation plan.

Chennai, Tamil Nadu, India

Chennai Area, India

Key Deliverables:  BOM analysis to identify high value and high spend parts  Value study on high value and high spend parts as per 7steps value methodology. Explore new cost reduction opportunities using value study, benchmarking, and teardown analysis. Conduct internal and external (Vendor) cost reduction workshop to generate new cost reduction ideas. Co-ordinate with CFT team for techno-commercial feasibility of new ideas and develop an implementation plan for new ideas. Monitor the implementation of ideas through Enterprise project management and conduct weekly reviews. Maintain MIS and present the monthly status to top management. Screening of new ideas in cost reduction portal, do feasibility study and provide feedback to the idea generator. Participate in commodity business planning.Attainment: Achieved cost reduction targets for XUV5OO platform for the last three years and surpassed the expectation. Completed value study on automobile steering system (Steering column, Steering gear and power steering pump), organized workshops at steering vendor place. 100+ new ideas generated. Completed value study on automobile alloy wheels. Generated new ideas in sheet metal wheel rims and alloy wheels. Developed E-learning module on BASICS OF VALUE ENGINEERING for internal training.

Chennai

Key Deliverables:  Studying the STAGE I drawing released for proto building and provide feasibility after discussing with supplier. Supplier selection, early supplier involvement to develop tooled up components for projects. Sending RFQ to the selected suppliers and get the quotation Price negotiation and process finalization with the supplier. Handling individually all the regular development and EDM of sheet metal components in Hosur & Bangalore region. Carry out PPAP activities and establish process controls, PPM analysis, and training of vendors for PPAP. Cost reduction by negotiation with supplier, process improvement and VA/VE ideas. Ramp up for mass production and doing capacity assessment at supplier end Strategic sourcing coordinator to support Hosur unit for new vehicle builds by providing discrete new parts.

Hosur Area, India

Key Deliverables: Developing parts from sample stage to pilot lot stage. Supplier selection, early supplier involvement to develop tooled up components for alpha, Beta and mass production vehicles. Zero based costing and teardown analysis of proprietary parts. Price negotiation with supplier to meet the target cost. SAP based activities like material master creation, releasing development purchase order and data management etc. Ramp up for mass production and doing capacity assessment at supplier end. Identify and implement cost reduction opportunities. Negotiating price for new business. Negotiating, increasing and decreasing price with customer as per RM rate inflation/deflation  Co-ordinating for customer audit and achieving timely delivery of parts as per daily schedule.Attainment: Developed differential gears for 3wheelers with the alternate source and saved Rs.240/ Veh. Reduced the repeated quality problem in rod complete clutch release component from 8% to less than 1%.

Ranipet, India

Key Deliverables: Studying customer component drawings and designing suitable gear cutting tools.. Individually handling the design of Shaper cutters and Master gears. Preparing production process sheet for manufacturing of tools using AUTOCAD and design software’s. Interacting with customer regarding any technical queries. Individually handling all the technical quires of the customer and interacting with them and sorting out the problems. Handling of customer complaints by interacting with the Quality and production Department.

Executive Course, Advanced Strategic Management

Master Of Science (Ms), Manufacturing Management

Bachelor Of Engineering (Beng), Mechanical Engineering