Srinivas V Email & Phone Number

Bengaluru, Karnataka, India

Bengaluru, Karnataka, India

Spearheading Sourcing and Procurement of Active Electronic Components with an approximate Annual Spend of US$ 320MnSteering efforts in global sourcing of Electronic Components to meet cost reduction targetsLeading procurement of components, work involves planning, coordination, forecasting and implementation of procurement activities / sourcing strategies in-line with corporate strategies for each vendorEfficiently managing capacity of suppliers & re-aligning SOB; enhancing the capacity with strategic sources and ensuring timely achievements of new development projectsFinalizing terms & conditions of contracts, managing settlement of agreements; performing analysis to ensure that contracts are finalized within negotiated & agreed-upon parametersSupervising day-to-day relationship with vendors; assuring achievement of service and quality norms for smooth flow of operations & supply of required items Streamlining system & procedures for effective material control towards ensuring a ready availability of materials Implementing systems for avoiding situations like over-stocking/out-of-stock which causes production & financial losses Managing relationships with key strategic vendors, thereby driving value for the business; determining monthly buying plans and revising the same as per requirement

Bengaluru, Karnataka, India

Sourcing and Procurement of Active Electronic components with an approximate Annual Spend of US$ 140Mn.Global sourcing of Electronic Components to meet Cost reduction targets.Leading procurement of components, work involves planning, coordination, forecasting and implementation of procurement activities / sourcing strategies inline with corporate strategies for each Vendor.Developed new vendors for better prices, to break the monopoly & created equal competition amongst the vendors.

Bengaluru, Karnataka, India

Executed global sourcing activities from SEA region for Industrial Solution Business with the spend of $30MIdentified and developed potential suppliers from SEA region to achieve the cost reduction target of different commodities for the organizationIncreased the spend with BCC suppliers by working closely with the Engineering, Quality, Manufacturing and Supply Chain TeamsManaged supplier contracts, negotiations and cost optimization methods to derive maximum savingsWorked with cross functional teams to identify major projects that need to be moved to another supplier either for cost savings opportunity or for other business needsAchieved reduction of Lead time of SEA region global suppliers from 14 weeks to 6 weeks by implementing VMI near factory for high impact suppliers & VMI in India for low impact suppliersDeveloping, implementing and managing fully-integrated planning process incorporating make versus buy, capacity planning, scheduling, inventory, material and associated cost elements Maintaining Continuous Process Improvement (CPI) Process to manage & mitigate risks by managing & directing supply chain scorecard for the region; monitoring performance by highlighting progress and areas to improve

• Develop spend analysis, determine business requirements, develop division strategy, select suppliers, complete supplier evaluation & negotiate agreements and develop implementation plan & manage supplier performance.• Identifying and developing potential vendors for the right sourcing, achieving cost effective purchases of commodities.• Responsible for NPI and innovation by working closely with the R&D, Quality, Marketing, Operations and Supply chain teams.• Responsible for handling supplier contracts, negotiations and cost optimization methods to derive maximum savings. • Assessing and developing the performance of the suppliers based on TQRDC rating criteria such as Technology, Quality, Responsiveness, Delivery & Cost.• Coordinating with quality personnel for supplier auditing such as EHS & QMS.

• Sourcing and Procurement of Active and Passive Electronic components with an approximate Annual Spend of US$ 25Mn.• Global sourcing of Electronic Components to meet Cost reduction targets.• Procurement of Semiconductors, Materials planning & Supply chain functions Management.• Inventory Control and Management to meet commodity wise Inventory targets. • Leading procurement of components, work involves planning, coordination, forecasting and implementation of procurement activities / sourcing strategies inline with corporate strategies for each Vendor.• Developed new vendors for better prices, to break the monopoly & created equal competition amongst the vendors.• Initiated and implemented cost reduction proposals over US$ 2Mn representing a cost-reduction of more than 7%. • Reduction in downtime by over 80% with increased availability of raw material through Continuous Improvement Projects.

Bangalore

• Responsible for order processing, Inventory control management.• Responsible for Vendor performance of all India projects and logistics movement performance.• Work in close coordination with the suppliers to ensure on time deliveries.• Finalizing special tariff for heavy cargo terms with the transporters.• Facilitated better sales by ensuring continuous availability of inventory at the warehouses.• Reduced of dead and slow-moving stock worth Rs. 8 crore in the year 2006.

Be, Electrical & Electronics

High School, Science