Bhadresh Vinodchandra Amichandwala
Vasai (W)
Summary
Results-driven procurement professional with a strong background at DBS Bank in strategic sourcing and vendor management. Delivered INR 32 crore in savings through effective negotiation and cost analysis. Proficient in enhancing supplier relations and executing compliance strategies to boost operational efficiency and promote sustainability.
Overview
21
21
years of professional experience
Work History
Non-IT Procurement Lead
DBS Bank
Mumbai
05.2023 - Current
- Leading and managing the bank's Non-IT and business services procurement function, encompassing strategic sourcing, vendor management, and contract negotiation.
- Driving improvements in vendor management to enhance governance and operational efficiency.
- Partnering with various business functions to understand their procurement requirements, develop customized strategies, and secure optimal sourcing solutions.
- Efficiently managing procurement operations to ensure the timely vendor payments, mitigating GST liabilities, and ensuring compliance with regulations concerning MSME interest.
- Leveraged a comprehensive procurement strategy-including RFIs, RFPs, and reverse auctions-to achieve INR 32 crore (17%) in savings on the managed services contract for our 781-ATM network.
- Advanced the bank's sustainability goals through successful implementation of multiple sustainability initiatives, including switching to eco-friendly paper and sustainable card plastic, adopting recycled-paper desk calendars, and installing FireRid automatic fire extinguishers which utilize green extinguishing chemicals.
- Spearheaded cost-saving initiatives resulting in significant improvements to the bank's profitability. Key achievements include INR 37 lakh (13%) in savings on credit card lounge access (through vendor negotiation), INR 5 crore (52%) saved on record management contract renewal (leveraging volume discounts), and INR 65 lakh saved on stamping solutions (through consolidation).
Sourcing Lead (South Asia) for Standard Chartered Bank
CBRE South Asia Pvt. Ltd.
Mumbai
03.2021 - 04.2023
- Managing the entire South Asia supply portfolio (India, Sri Lanka, Bangladesh and Nepal) for SCB.
- Developing and implementing an annual sourcing and savings.
- Supporting FM teams with any supplier escalation issues and building close alignment with the client.
- Generating and implementing efficient sourcing and category management strategies.
- Identifying and implementing strategic supply partners to create value add and leveraging all resources available to deliver the best value.
Manager - Procurement
Tesseract Imaging Limited
Mumbai
09.2020 - 03.2021
- Developing and implementing the procurement process and strategies that are inventive and cost-effective.
- Managing overall direction, coordination, and evaluation of procurement for the company.
- Performing all procurement and contracting activities including pre-qualification, negotiation and preparation of contracts.
- Develop key relationships with business stakeholders and strategic supply partners to improve business.
- Overseeing and managing the overall procurement of the company that track shipments, logistics and the supply of goods.
Head- Procurement
Deloitte Shared Services India LLP
Mumbai
05.2017 - 05.2019
- Spearheading key procurement plans alignment with all contractual & statutory requirements, holding techno-commercial discussion with suppliers, finalizing order of products & managing commercial operations for IT & Non-IT purchases for the firm.
- Benchmarking organizational costs as per industrial trends; implementing value engineering to reduce cost of products.
- Ensuring purchase schedules against the preset procurement plan for timely procurement of various items, project commissioning, operational spares & capital equipment for operations.
- Ensuring adherence to KPIs agreed with vendors, providing senior level support to category & operation team in global strategy implementation, sourcing, negotiation, discussion and recommendations; partnering with regional stakeholders for key vendor review (strategic & operational).
- Managing Procurement Operations, maintaining level of critical and fast-moving items and other procurement documents; receiving bills from customers to quote possibilities.
- Designing new & transforming existing supply chains to meet business or functional strategies through collaboration within country including demand forecasts / product line, sourcing, & purchase strategies / economic evaluation.
- Evaluating key functional metrics to reduce expenses & improve effectiveness.
- Formulated & implemented the Procurement Policy & Strategy and Sourcing Strategies for the firm.
- Established the Procurement Department for the firm, managed entire procurement cycle from procure to pay.
- Completed the RFP process for identifying the single Security Agency resulting in reduction of vendor numbers from 10 to 1.
Assistant Vice President - Procurement
BNP Paribas
Mumbai
10.2015 - 04.2017
- Negotiated & documented for Service Provider Agreements, Annual Maintenance Contracts & Capital Non-IT Procurement.
- Managed vendor through planning, due diligence / vendor selection, contract negotiation, ongoing monitoring & termination.
- Formulated MIS and evaluated Service Provider Agreements and AMC expiry dates, renewal dates & filing of documents.
- Implemented CIB Procurement Policy & Procedures for vendor selection & management for the procurement function.
- Steered several CSR activities like abolishing tissue paper usage & LED retro fitting.
- Negotiated additional warranty period and AMC rates for assets at time of CAPEX Procurement thereby crystallizing future maintenance costs & reducing exposure to high AMC rates quoted by OEM/monopoly vendor.
Sr. Manager - SCM Head
ISS Facility Services
Mumbai
09.2014 - 09.2015
- Headed Citibank Account and led strategic sourcing of CAPEX & OPEX FM; supervised strategic sourcing & procurement of PAN India Category for technical & MEP categories for all facilities.
- Attained savings of 10% overspend of INR 6.5 Crores on AMC /CAMC renewals through negotiation & introduction of alternate vendors.
- Administered management of both goods and services, incurred on AMC, repair, cleaning, consumables worth approx. INR 40 Crores for all critical facilities of Citi Bank.
Manager - Infra Management & Services Group (Vendor Team)
ICICI Bank Ltd.
Mumbai
08.2010 - 08.2014
- Drove equipment procurement, SCM, logistics & maintenance.
- Attained a saving of 5% & 7% over a spent of INR 12 Crores for FY 13-14 & over a spent of INR 10 Crores for FY 2011-12 respectively on procurement of critical equipment through new vendors.
- Developed vendors/supplier base for quality procurement; assessed the new services/products resulting to cost reduction.
- Supervised monthly review meetings with the Vendors, Infra & Project Managers for on-time delivery of critical projects.
Assistant Manager
Blue Star Ltd.
Mumbai
09.2006 - 07.2010
- Acted as Key Coordinator for rate contracting & performed Reverse Auctions (E-Procurement) for major items required for multiple projects across the regions with the help of Service Providers; accomplished the organization's IT procurements.
- Managed regional procurement profile for central air conditioning projects - RFQ, comparison & negotiation till payment.
Sr. Executive- Purchase Department
Godrej & Boyce Mfg. Co. Ltd.
Mumbai
09.2004 - 08.2006
- Managed purchasing of C class items including hardware, general market items and all machined components; INR 2 Crores annually.
- Evaluated quality/standards of suppliers through Supplier Quality System Audits & negotiating terms with suppliers on cost, quality and quantity.
Education
Graduate Diploma - Materials Management
Indian Institute of Materials Management
Mumbai01.2008
Bachelor of Production Engineering - Sandwich
Government College of Engineering
Pune06-2004
Diploma - Production Engineering
Agnel Technical College (Polytechnic)
Bandra06-2000
Skills
- Purchasing and e-auctioning
- Assessment of opportunities
- Cost analysis strategies
- Benchmarking and strategic planning
- Contract management compliance
- Legal and technical operations
- Negotiation expertise
- Supplier relations
Languages
- English
- Hindi
- Gujarati
- Marathi
Personal Information
Date of birth: 05/05/1980
Languages Known
English
First Language
English
Upper Intermediate (B2)
B2
Hindi
Intermediate (B1)
B1
Marathi
Intermediate (B1)
B1
Gujarati
Intermediate (B1)
B1
Timeline
Non-IT Procurement Lead
DBS Bank
05.2023 - Current
Sourcing Lead (South Asia) for Standard Chartered Bank
CBRE South Asia Pvt. Ltd.
03.2021 - 04.2023
Manager - Procurement
Tesseract Imaging Limited
09.2020 - 03.2021
Head- Procurement
Deloitte Shared Services India LLP
05.2017 - 05.2019
Assistant Vice President - Procurement
BNP Paribas
10.2015 - 04.2017
Sr. Manager - SCM Head
ISS Facility Services
09.2014 - 09.2015
Manager - Infra Management & Services Group (Vendor Team)
ICICI Bank Ltd.
08.2010 - 08.2014
Assistant Manager
Blue Star Ltd.
09.2006 - 07.2010
Sr. Executive- Purchase Department
Godrej & Boyce Mfg. Co. Ltd.
09.2004 - 08.2006
Graduate Diploma - Materials Management
Indian Institute of Materials Management
Bachelor of Production Engineering - Sandwich
Government College of Engineering
Diploma - Production Engineering
Agnel Technical College (Polytechnic)
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