Vaibhav Wankhede Email and Phone Number
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• 11+ years of experience in handling end to end Strategic and Opex Sourcing projects, Procurement, Spend analysis and Spend saving opportunity identification.• RFX drafting, Market Intelligence and Research, Techno-Commercial evaluation, Building Negotiation strategy, Contract: - Drafting, Negotiation, Management and Compliance, Vendor Development, Stakeholder and Supplier Management.• Working with Cross Functional team to foster the Continuous Improvement for Business Improvement.• Develop & build a reliable – world class supplier base for business requirement. • Spend & Supplier Rationalization to reduce the non-active suppliers and optimize supplier potential.• Identify, develop and managing of existing suppliers’ contract and developing new strategic supplier’s contract. • Evaluating supplier core competencies and competitive positioning using industry cost models and bench-marking analysis.• Supplier performance evaluation against KPI’s, monitoring supplier business health, identify risk and mitigation.• Responsible for high quality deployment by placing standards: - Pre & Post shipment Inspection.• Performing supplier site visit for their Capacity & Capability study to meet increasing production need to of Eaton.• Alternate source development for operation critical items• Implements change management strategies within designated business units to increase utilization of best practices sourcing and procurement solutions.• Ensuring the Federal, State & Local law of country is respected and adhered in project execution.• Monthly Cost Saving MIS reporting to Global Category Manger & key business stakeholders.• Stakeholder, Supplier relationship & Escalation management. • Skilled to drive End to End Sourcing through: - i-Source, SAP Ariba.• Proficient in building the interactive dashboard in Power-BI, Tableau & Excel.• Expert & have rich experience on Spend categorization & model training through Artificial-Intelligence (AI) tools:- Zycus Autoclass, GEP Global eProcure, Infosys Procurement insight & Eaton supplier insight• Expertise on handling Artificial-Intelligence (AI) graphical tools to analyze complex data to slice and dice of information i-Analyze, i-contract.
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Capex Category LeadEaton Jan 2019 - PresentPune Area, IndiaCategory Management:• Development, deployment and execution of the category strategies to gain optimal cost (TCO) and conditions (Good Quality, On Time Delivery, Acceptance test & After sale support) innovation and sustainability.• Align category strategy to meet Eaton’s business goal; Sustainability, Digital Supply Chain & Industry 4.0 initiatives in project• Engage with business unit for annual Zero-based budget preparation as per asset report & volume forecast. Consolidate… Show more Category Management:• Development, deployment and execution of the category strategies to gain optimal cost (TCO) and conditions (Good Quality, On Time Delivery, Acceptance test & After sale support) innovation and sustainability.• Align category strategy to meet Eaton’s business goal; Sustainability, Digital Supply Chain & Industry 4.0 initiatives in project• Engage with business unit for annual Zero-based budget preparation as per asset report & volume forecast. Consolidate business unit wise procurement plan, mapping it to dashboard and build strategy. • Distributing the complete spend & volume per Kraljic Matrix to have right decision in place. • Vendor development- Gauge Technological advancement, Operation capability to avoid supply disruption.• Responsible for placing a plan to accommodate maximum Eaton’s manufactured product to be used in sourcing projects and keep a track of % spend to total purchase.• Identify Non-Catalogue items purchased frequently and turn into catalogue for potential opportunity.Strategic Sourcing• Driving end to end Strategic Sourcing projects & support for New product development initiative. • Identify potential suppliers from Best Cost Countries (BCC) to leverage the emerging market landscape.• Market research to know Technological development, Supply-Demand pattern understanding, Price benchmarking.• Building robust evaluation model covering technical, operational & supply chain key metrics to weight the supplier proposal for 360-degree review.• Building fact-based negotiation strategy by performing industry & supplier analysis, benchmarking, past business information gathering, cost-structure analysis.• Capable of using eSourcing tools to preform: eRFX, reverse auctions and Ariba contract management tools, Docusign for E-Signing.• Maintaining supplier database and their capital offering information which aid in the solicitation process and reducing sourcing cycle time. Show less -
Sourcing LeadInfosys Bpo Apr 2013 - Jan 2019Pune Area, IndiaDESIGNATION: Strategic Sourcing Analyst:• Handling Direct and Iindirect spend categories for driving sourcing projects from MRO, Industrial consumable, IT software and hardware & Professional service.Spend Analysis and Opportunity identification:-• Performing PO/Invoice based spend analysis, identification of saving opportunity(Payment term rationalization/negotiation, supplier rationalization, procurement from the low-cost country, Material price variance identification and… Show more DESIGNATION: Strategic Sourcing Analyst:• Handling Direct and Iindirect spend categories for driving sourcing projects from MRO, Industrial consumable, IT software and hardware & Professional service.Spend Analysis and Opportunity identification:-• Performing PO/Invoice based spend analysis, identification of saving opportunity(Payment term rationalization/negotiation, supplier rationalization, procurement from the low-cost country, Material price variance identification and adding them to outline agreement).Strategic Sourcing:-• Scope of work building, RFX Management, Market research for suppliers identification and their profiling by perfroming due delegnece and screening test, tender/bid evaluation, Price and contract negotiation, Contract drafting and management, Supplier Performance management, Vendor development, Stakeholder and supplier management, Business Analytics, Reporting: building excel based dashboard• Stakeholder and Supplier Relationship management. Building Customer focus by up on toes with suppliers to get values and service per client expectation.• Responsible for performing end to end sourcing & procurement activity, Spend analysis, Spend Saving Opportunity identification, Sourcing projects opportunity assessment.• Specialized in driving sourcing projects for CAPEX, OPEX and Site based service projects which include end-user requirement gathering, building SOW, Market research analysis Primary & Secondary, RFX event driving(RFI, RFP, RFQ), receive quotation, Price and other metric comparison, Negotiation against baselining, Recommending Award, contract drafting and execution.Contract Compliance, Supplier Performance Management• Contract compliance, Supplier Performance management spend leakage identification, closing non compliance area in process.• Hands on knowledge and exposure of sourcing tools i-Souce, Ariba. Show less -
Spend AnalystGep Aug 2012 - Apr 2013Mumbai Area, India• Was one of the pivotal team player in implementing pilot project, right from phase of understanding client line of business, transferring of onshore knowledge to offshore team members.• In-depth study of client business and to create domain specific training sets, Data Models, Business Rules & other logic functions for Artificial Intelligence based auto-classification tool in order to improve the accuracy of the classified data.• Responsible for identification of gap in spend… Show more • Was one of the pivotal team player in implementing pilot project, right from phase of understanding client line of business, transferring of onshore knowledge to offshore team members.• In-depth study of client business and to create domain specific training sets, Data Models, Business Rules & other logic functions for Artificial Intelligence based auto-classification tool in order to improve the accuracy of the classified data.• Responsible for identification of gap in spend analysis process and bridging them for smooth execution of activity and streamlining and automating process.• Running spend data on GEP analytical tools. Show less -
Spend AnalystZycus Infotech Private Company Dec 2010 - Aug 2012Mumbai• Responsible for focused Business Analysis, Consulting, building sourcing strategies and streamlining the procurement process. • Responsible for providing periodic and ad-hoc categorized spend on PO/Invoice based data and identifying areas of saving and strategic sourcing projects execution.• Responsible from start to end process of spend analysis, right from creation of flat file for mapping client ERP data into ETL tool, extraction of PO/Invoice Spend data from ETL, creation of… Show more • Responsible for focused Business Analysis, Consulting, building sourcing strategies and streamlining the procurement process. • Responsible for providing periodic and ad-hoc categorized spend on PO/Invoice based data and identifying areas of saving and strategic sourcing projects execution.• Responsible from start to end process of spend analysis, right from creation of flat file for mapping client ERP data into ETL tool, extraction of PO/Invoice Spend data from ETL, creation of tables in database, performing initial data analysis, vendor normalization, scope identification, classification based on UNSPSC or Customized taxonomy, uploading classified spend data on graphical tool and mining for saving opportunity.• Familiarity in SQL skills and ability to use database tools i.e. upload data taking dump and firing quarry. • Responsible for spend data audit and quality control process.• On analyzed spend data selecting categories where the opportunity for saving sourcing projects lies by bifurcating data into addressable Vs. Non-addressable, Direct Vs In-direct Spend, category Vs the number of suppliers, availability of contracts against them. • Identifying materials/items in category MRO, Industrial consumable, IT(Hardware and software), where spend vs business suppliers, identifying potential suppliers, running RFP events, tendering, quote receipt, price and technical comparison and recommending best supplier in term of price, Incoterm, Payment term, service offering, after manufacturing cost and TCO. Show less
Vaibhav Wankhede Skills
Vaibhav Wankhede Education Details
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Post Graduation Diploma In Supply Chain ManagementA -
Pad Dr D.Y Patil Institute Of Engineering & TechnologyElectrical And Electronics Engineering
Frequently Asked Questions about Vaibhav Wankhede
What company does Vaibhav Wankhede work for?
Vaibhav Wankhede works for Eaton
What is Vaibhav Wankhede's role at the current company?
Vaibhav Wankhede's current role is Capex Category Lead at Eaton.
What is Vaibhav Wankhede's email address?
Vaibhav Wankhede's email address is va****@****cus.com
What schools did Vaibhav Wankhede attend?
Vaibhav Wankhede attended Post Graduation Diploma In Supply Chain Management, Pad Dr D.y Patil Institute Of Engineering & Technology.
What skills is Vaibhav Wankhede known for?
Vaibhav Wankhede has skills like Procurement And Sourcing Process, Supply Chain Management, Team Management, Procurement, Vendor Management, Business Analysis, Sql, Spend Analysis, Requirements Analysis, Strategic Sourcing, E Procurement.
Who are Vaibhav Wankhede's colleagues?
Vaibhav Wankhede's colleagues are Leta Stewart, Lukas Cevetello, Jamie Susal, Sérgio Cardoso Martins, Ranjeet Lal, Osmar Bueno De Godoy, Fabrice Godde.
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Vaibhav Wankhede
Assistant Manager- Hr At Lakme Lever Pvt Ltd | Cluster Hr Business Partner At Lifestyle International Pvt Ltd | Mba In Human Resource Management | Computer EngineerMumbai -
Vaibhav W.
Mumbai -
Vaibhav Wankhede
Mumbai -
VAIBHAV WANKHEDE
Founder- Secure Life Solutions , Helping Clients Achieve Financial Security & Growth Through Insurance And Investment Planning" Like Retirement Fund , Child Higher Education Expenses Plans.Chhatrapati Sambhajinagar1gmail.com
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