LAKSHMIKANTHAN MURTHY
Material Manager
Chennai
Summary
19+ years of progressive experience in Supply Chain Management, Procurement, Lean Manufacturing, and Business Development across electronics and high-volume manufacturing. Proven expertise in driving multi-million-dollar cost savings, operational excellence, vendor development, and End-to-End supply chain transformation for global organizations (Foxconn Group, Mobase, Zettaone). Recognized for strategic leadership, supplier negotiations, and scaling production efficiency in competitive industries.
Overview
19
19
years of professional experience
5
5
Certifications
Work History
Project Manager – Materials
Yuzhan Technology India Pvt. Ltd. (Foxconn Group)
04.2024 - Current
- 1. Strategic Procurement & Sourcing
- Develop and implement sourcing strategies for electronic components (PCBs, ICs, resistors, capacitors, connectors, etc.), Mechanical parts, and Packaging materials.
- Identify, evaluate, and onboard suppliers based on cost, quality, delivery performance, and reliability.
- Negotiate pricing, terms, and contracts with suppliers to achieve cost savings.
- Maintain alternate source development to mitigate supply risks.
- 2. Material Planning & Inventory Control
- Work closely with Planning, Production, and Stores to ensure timely material availability.
- Monitor material consumption trends, lead times, and ensure alignment with production schedules.
- Optimize inventory levels — maintain balance between stock-out risks and excess inventory.
- Implement JIT (Just in Time) for Local Supplier (LP)
- 3. Supplier Management
- Establish long-term partnerships with key suppliers and contract manufacturers.
- Monitor supplier performance through KPIs: OTD (On-Time Delivery), Quality Rejection Rate, and Cost Variance.
- Conduct periodic supplier audits in coordination with QA/Engineering teams.
- Resolve vendor-related issues such as delivery delays, material shortages, or quality rejections.
- 4. Cost & Budget Management
- Prepare and control the annual purchase budget.
- Drive cost reduction initiatives through value engineering, alternate sourcing, and bulk procurement.
- Track market trends for raw material price fluctuations (semiconductors, metals, plastics, etc.).
- 5. Cross-Functional Coordination
- Collaborate with Engineering, Production, Quality, and SCM teams for NPI (New Product Introduction) and prototype builds.
- Ensure BOM (Bill of Materials) accuracy and support ECN (Engineering Change Notification) management.
- Work with finance for timely supplier payment, credit terms, and reconciliation.
- 6. Compliance & Documentation
- Ensure procurement activities comply with ISO, IATF 16949, and customer-specific requirements.
- Maintain accurate records of purchase orders, quotations, supplier evaluations, and import/export documentation.
- Ensure adherence to RoHS, REACH, and other environmental compliance standards.
- 7. Team Leadership & Development
- Lead and mentor the purchasing team to enhance negotiation, sourcing, and analytical skills.
- Set performance goals and review progress regularly.
- Promote a culture of cost consciousness, quality, and ethical sourcing.
Manager – SCM (Costing & Procurement)
Zettaone Technologies India Pvt. Ltd.
05.2023 - 12.2023
Dy. Manager – Materials
Mobase Electronics India Pvt. Ltd.
05.2022 - 05.2023
Asst. Manager – FATP (Material Controller)
Foxconn Honhai Mega Development Project India Pvt. Ltd.
02.2021 - 05.2022
- 1. Material Planning & Availability
- Review and analyse production plans, BOMs (Bill of Materials), and customer schedules to plan material requirements.
- Ensure timely availability of materials to support production and dispatch schedules.
- Coordinate with the Purchase team for material procurement based on MRP (Material Requirement Planning).
- Monitor lead times, shortages, and consumption patterns to prevent line stoppages.
- 2. Inventory Management
- Maintain accurate stock levels and prevent overstocking or stockouts.
- Oversee GRN (Goods Receipt Note) posting, stock verification, and binning processes.
- Conduct periodic physical stock audits and cycle counts to ensure ERP system accuracy.
- Implement FIFO / LIFO inventory control methods based on material type.
- Analyze slow-moving, non-moving, and obsolete inventory and coordinate disposal actions.
- 3. Coordination with Cross-Functional Teams
- Liaise with Production, Purchase, Planning, Quality, and Logistics teams for smooth material flow.
- Support NPI (New Product Introduction) by ensuring materials are available for pilot builds.
- Provide real-time material status reports to production and planning teams.
- Address material shortages or quality issues in coordination with Purchase & QA.
- 4. ERP / System Management
- Manage material master data, stock transfers, and consumption entries in ERP (SAP).
- Generate and review MRP and stock status reports to support planning and procurement decisions.
- Ensure timely posting of all transactions for inventory accuracy and traceability.
Sr. Engineer – Warehouse
Foxlink Technical India Pvt. Ltd.
02.2020 - 01.2021
- 1. Warehouse Operations Management
- Oversee daily warehouse operations, ensuring smooth receipt, storage, and dispatch of materials.
- Monitor inbound and outbound logistics to maintain timely material movement.
- Ensure proper segregation, identification, and traceability of materials.
- Manage space utilization and ensure optimal layout for efficient storage and handling.
- 2. Inventory Control
- Maintain accurate inventory records through periodic stock verification and cycle counting.
- Analyze stock discrepancies and implement corrective actions.
- Coordinate with procurement and production teams to maintain appropriate stock levels (min/max).
- Utilize ERP/WMS systems for real-time tracking of materials.
- 3. Material Handling & Safety
- Ensure compliance with safety standards and proper material handling practices.
- Supervise loading/unloading operations and ensure minimal material damage.
- Conduct regular inspections of storage areas and material handling equipment.
- Implement 5S, Lean, and Kaizen practices within the warehouse.
- 4. Process Improvement & Cost Optimization
- Identify and implement process improvements to enhance efficiency and reduce operating costs.
- Support automation and digitization initiatives in warehouse management.
- Optimize manpower deployment, material flow, and logistics routes.
- 5. Team Supervision & Coordination
- Lead and mentor warehouse staff, ensuring proper training and adherence to SOPs.
- Coordinate with planning, purchase, production, and logistics teams for smooth operations.
- Review team performance and provide feedback for skill enhancement.
- 6. Documentation & Compliance
- Maintain all warehouse-related documents, GRNs, material issue slips, gate entries, etc.
- Ensure compliance with ISO, internal audits, and customer audit requirements.
- Support preparation of MIS reports — inventory, aging, consumption, and movement trends.
- 7. Vendor & Transporter Coordination
- Liaise with suppliers, transporters, and service providers for material receipt and dispatch.
- Monitor transporter performance for timely deliveries and freight optimization.
Sr. Engineer – Kitting Warehouse
FIH India Pvt. Ltd. (Bharat FIH – Foxconn)
05.2007 - 02.2020
Education
MBA - International Business
Alagappa University
Karaikudi12-2013
BE - Electronics & Instrumentation Engineering
Annamalai University
Chidambaram04-2004
Skills
- Strategic Sourcing & Procurement
- Supply Chain Optimization (End-to-End SCM)
- Lean Manufacturing, VSM, Kaizen
- Vendor Development & Cost Negotiation
Accomplishments
- Kaizen Award – Consumable cost reduction (2020–21).
- Boosted sales revenue by 80% (₹30 Cr → ₹55 Cr per month) at Mobase through production capacity expansion.
- Achieved 48% PCB cost reduction ($346K → $180K) via localization strategy.
- Reduced production consumables cost by 18% ($105K → $86K) through process improvements.
Certification
Lean Six Sigma Green Belt
Timeline
Project Manager – Materials
Yuzhan Technology India Pvt. Ltd. (Foxconn Group)
04.2024 - Current
Manager – SCM (Costing & Procurement)
Zettaone Technologies India Pvt. Ltd.
05.2023 - 12.2023
Dy. Manager – Materials
Mobase Electronics India Pvt. Ltd.
05.2022 - 05.2023
Asst. Manager – FATP (Material Controller)
Foxconn Honhai Mega Development Project India Pvt. Ltd.
02.2021 - 05.2022
Sr. Engineer – Warehouse
Foxlink Technical India Pvt. Ltd.
02.2020 - 01.2021
Sr. Engineer – Kitting Warehouse
FIH India Pvt. Ltd. (Bharat FIH – Foxconn)
05.2007 - 02.2020
BE - Electronics & Instrumentation Engineering
Annamalai University
MBA - International Business
Alagappa University