Summary
Overview
Work History
Education
Skills
Personal Information
Languages
Projects
Training
Notable Accomplishments
Activities
Timeline
Generic
LARENCE VERMA

LARENCE VERMA

Faridabad

Summary

Highly motivated and self-driven individual aspiring a challenging position in Supply Chain Management with an organization of repute

A systematic Supply Chain Specialist talented in Supply domain management Encompassing Procurement managing Supplier Relations, Material Planning, Production Schedules and Inventory Levels; talented communicator and strategic planner with 14.5 years of experience in the field; seeking dynamic, growth-oriented position Expertise in managing the entire production operations with key focus on top line & bottom-line profitability by ensuring optimal utilization of resources; skills in managing production activities involving liaising with production department to maintain optimum inventory Solution driver who bridges the gap by providing cost effective manufacturing through supplier, assuring supply & delivering business competitive advantage which directly affects manufacturing balance sheet Proficient in monitoring the overall SCM operations and enhancing the operational efficiency by eliminating obsolescence and achieving cost reduction through materials management and inventory control; planning inventory using ABC and XYZ Analysis Strengthened supplier relations with a strong focus on quality & cost for the supplied parts resulting in reduced cost substantially Skilled in developing and implementing Supplier schedules that maximize efficiency and meet demand while minimizing lead times and production costs Utilizes data analytics and key performance indicators (KPIs) to make informed decisions, identify areas for improvement, and implement process enhancements for greater supply chain efficiency Expertise in end-to-end supply chain planning, including demand forecasting, procurement, inventory management, and logistics Implement Commodity sourcing initiatives to identify reliable suppliers, negotiate favorable contracts, and ensure timely delivery of materials Possess strong interpersonal, analytical, problem-solving, negotiation & critical thinking skills

Overview

16
16
years of professional experience

Work History

Senior Manager

LS Mtron Ltd (LS Tractor South Korea)
Gurgaon
09.2024 - Current
  • Developed sourcing strategies to optimize supplier selection and procurement processes.
  • Collaborated with cross-functional teams to align sourcing initiatives with business goals.
  • Analyzed market trends to identify new sourcing opportunities and potential suppliers.
  • Managed vendor relationships to ensure compliance with contract terms and service levels.
  • Conducted risk assessments to evaluate supplier reliability and performance metrics.
  • Implemented cost-saving measures through effective negotiation techniques and supplier management.
  • Researched industry trends to identify emerging technologies or innovative products that could improve operational efficiency.
  • Evaluated vendor's proposals for accuracy, completeness, compliance with requirements and overall value proposition.
  • Assisted in the selection process of new suppliers based on cost, quality, reliability, and delivery timescales.
  • Managed supplier audits to assess quality standards and compliance with contractual agreements.
  • Conducted negotiations with vendors for best prices and terms of delivery.
  • Monitored relevant raw material market prices to develop sourcing strategies.
  • Formulated and implemented annual purchasing plans and contracts, covering OEM, import, ingredients, materials and equipment.

Senior Manager

Escorts Kubota Limited
Faridabad
04.2016 - 09.2024
  • Building strong and collaborative relationships with suppliers, fostering open communication channels, and negotiating favorable terms to ensure a reliable and efficient supply chain
  • Investigating demand patterns, monitoring inventory levels, and implementing strategies to maintain an optimal balance between supply and demand and reducing carrying costs
  • Facilitating commodity purchase of >1000 Cr annually in direct materials spend; commodity includes majorly casting parts (3C’s, HLBs, Axle Hsg, FWs, FAS and other small castings also) as well as exposure of forging parts (Gears, Connecting Rod, Crank Shaft) and machining parts
  • Conducting Quality Assurance and Verification (QAV) visits in alignment with the Quality Audit time plan, alongside the SQA team
  • Piloting a team of coordinators supporting operations (Supplier scheduling, ASN adherence, Daily buying, planning, supplier visit and so on
  • Analyzing items purchased, costs, deliveries, product performance and inventories
  • Implementing and managing a comprehensive vendor rating system, enabling in-depth analysis of supplier capabilities and offering valuable recommendation to business development, procurement, supplier up-gradation and others
  • Steering efforts in RM Inventory optimization (in no of days), aging inventory reduction, reduction of obsolete stock, improve supplier rapport, reducing total supply chain lead times and others
  • Leading a key role in ECN / PRE-ERN Stock Balancing (Model/Revision Change); maintaining Inbound Logistics Cost/Tractor, trying to avoid premium freight
  • Ensuring precise and punctual reporting of market share for domestic and export tractor sales, genset, and ECEL engines sales; overseeing model mix procurement and upholding adherence to zero accrual loss during the specified SOB period
  • Liaising the flow of materials and products through the supply chain by communicating with other departments within an organization
  • Orchestrating cost effective manufacturing through supplier relationships to optimize cost, assure supply & deliver business competitive advantage which directly affects manufacturing balance sheet. Supplier Capacity Enhancement & VA-VE ideas
  • Spearheading daily resolution of quality, delivery and other managerial issue (supplier end) timely for smooth running of Engine/Tractor production line
  • Ascerting monthly Vendor Reconciliation of OSP suppliers as well as Inbound Logistic Partner

Assistant Manager-Materials

Volvo Eicher Commercial Vehicles Ltd (Unit- Eicher Engineering Components)
Dewas
12.2015 - 04.2016
  • Engaged in procurement of commodities such as Forging (Hot & Cold), Machining, Casting, Sheet Metal and BOP parts as well as of JW Parts such as Broaching, Milling, Hobbing, Drilling and Gun Drilled Parts
  • Released supplier monthly schedule & also released SPR
  • Utilized SAP-MM Module to prepare & place purchase order
  • Administered DOL & JIT activity
  • Formulated monthly Vendor Reconciliation of JW Suppliers and Inventory Control
  • Source Duplication/VD
  • Project Executed- RE D1 Project, TAFE POD & 10/2 Project, TMTL Project, JD Iberica Project, and Eicher Polaris Project
  • Led initiatives for RFQ to supplier; quotation from supplier; technical feasibility along with the quotation and quotation comparison sheet
  • Steered efforts for QAV-2 Audit before mass production along with SQA
  • Maintained technical co-ordination between vendor & intra departments (QA & PE) for sorting out the queries for the timely supplies
  • Streamlined up gradation of supplier by providing technical support and design support that help to get good quality by process oriented

Assistant Manager-Purchase

Mushashi Auto Parts India Pvt. Ltd.
Bawal
04.2011 - 12.2015

Executive Trainee- Vendor Development cum SCM

Hi-Tech Gears Ltd.
Manesar
11.2009 - 04.2011

Education

B.Tech. - Mechanical Engineering

Bharat Institute of Technology
Meerut
01.2009

Skills

  • Inventory Management
  • Logistics Management
  • Warehouse Management
  • Strategic Planning
  • Vendor Management
  • Supply Chain Strategy
  • Risk Management
  • Sourcing
  • Procurement
  • Continuous Process Improvement
  • Supplier Scheduling
  • Demand Forecasting
  • Supplier Value Analysis/Value Engineering
  • Supplier Upgradation
  • Supplier Performance
  • Share of Business
  • Supply Management
  • Category Management
  • Cost negotiation
  • Supplier evaluation
  • Procurement strategy development
  • Market analysis
  • Strategic sourcing
  • Cost analysis
  • Vendor relations
  • Global sourcing
  • Procurement strategies
  • Vendor evaluation
  • Negotiation techniques

Personal Information

Date of Birth: 08/05/88

Languages

  • English
  • Hindi

Projects

Personal computer Based Welding Machine, The present project is basically a teaching aid (prototype) that shows the basic principle behind the spot welding in identical units if 3 ft assembly line requires spot welding, we can use this type of setup.

Training

  • Air Pollution from Automobile, BIT-Meerut, 09/01/08
  • Disposal Techniques of Fly ash, BIT-Meerut, 12/01/07
  • GAIL (India) LTD., Vijaipur, M.P., 06/01/08, 6 weeks
  • Saraswati Sugar Mills Ltd., Yamuna Nagar, Haryana, 06/01/07, 6 weeks

Notable Accomplishments

  • Conferred with grading of Significantly Exceeded Expectation A+ grade from consecutive last 2 years.
  • Achieved improved efficiency and timeliness in managing OSP Suppliers by streamlining workflows through the consolidation of lengthy processes and eliminating redundant documentation requirements.
  • Apprised with certification through the EWOM -Leadership Program.
  • Partaken in MIQC competition MAP (at all plant level) and bagged 3rd rank.
  • Tactfully managed Commonosation Project, Mik Run, Logistics Project.

Activities

  • Worked as a member of editorial board of college magazine BIT-2007.
  • Bagged various competitions of art and singing in various culture festivals of BIT, Meerut.

Timeline

Senior Manager

LS Mtron Ltd (LS Tractor South Korea)
09.2024 - Current

Senior Manager

Escorts Kubota Limited
04.2016 - 09.2024

Assistant Manager-Materials

Volvo Eicher Commercial Vehicles Ltd (Unit- Eicher Engineering Components)
12.2015 - 04.2016

Assistant Manager-Purchase

Mushashi Auto Parts India Pvt. Ltd.
04.2011 - 12.2015

Executive Trainee- Vendor Development cum SCM

Hi-Tech Gears Ltd.
11.2009 - 04.2011

B.Tech. - Mechanical Engineering

Bharat Institute of Technology
LARENCE VERMA