Summary
Overview
Work History
Education
Skills
Websites
Timeline
Generic

Nikhil Gaikwad

Mumbai

Summary

I have a total of 3.5 years of experience as a Component Engineer plus Purchase Executive in the electronics manufacturing industry. As a component engineer, my expertise lies in product lifecycle management, bill of materials, obsolescence management, alternate finder, environmental compliance management, validation process of components, creation of engineering and manufacturing change orders, FFF analysis, ROHS, REACH, MSL, and end-to-end process knowledge. I am also proficient in failure analysis, DFMEA, obsolescence, electronic, electrical, and mechanical components, CAD, Sigma, cost reduction, part numbers, EOL, and component selection. I have successfully improved the KPI metrics from 83% to 99% in the weekly report. I am currently seeking a position where I can apply my skills and experience in a growth-oriented and excellence-driven environment to achieve personal and organizational goals. My purchase role indicated personable and detail-focused individual with strong foundation in procurement processes and supply chain management. Possesses understanding of vendor negotiations and product sourcing, coupled with skills in data analysis and financial reporting. Capable of streamlining purchasing operations to ensure cost-effective acquisition and timely delivery of quality materials.

Overview

3
3
years of professional experience

Work History

Purchase Executive

Hind Rectifiers Limited
02.2024 - Current
  • Negotiated with vendors to procure best prices and quickest service for equipment and supplies.
  • Assisted in budget development by providing detailed forecasts of anticipated expenditures based on historical data analysis.
  • Developed strong relationships with key suppliers, fostering long-term partnerships and ensuring timely delivery of products.
  • Directed preparation of purchase orders or bid requests to meet material needs for production operations.
  • Led vendor contract negotiations, securing favorable pricing structures and terms that supported organizational objectives.
  • Managed the end-to-end procurement process, from purchase order creation to payment processing, ensuring accurate documentation and timely execution.
  • Purchased new products and oversaw inventory stocking and availability.
  • Sourced vendors, created new business vendor codes in ERP, built relationships, and negotiated prices.
  • Developed and tracked metrics to measure supplier performance and cost savings.
  • Communicated regularly with suppliers to uphold accountability for quality standards and timely delivery of goods.
  • Negotiated pricing and terms with vendors to secure best value for company.
  • Generated reports, documents and analysis in SAP for senior management review and approval.
  • Sourced Free of Cost sample parts directly from Manufacturers.
  • Established direct buying from Manufacturers on net 30 days credit payment terms for maximum quality improvement.
  • Suggested alternatives for Obsolete or NRND or Restricted parts.
  • Maintained schedule delivery of common parts.

Component Engineer

Flex
11.2021 - 02.2024
  • Drove 15% reduction in component cost by streamlining process
  • Boosted efficiency and minimized waste, leading to cost savings
  • Maintaining good relation with site engineering team, leading to a 20% reduction in product defects and a 10% increase in customer satisfaction as a part of Global Business Services (GBS)
  • 100% OTD and accuracy rate for component sourcing, leading to 20% cost reduction for the company
  • Executed thorough testing and validation processes for components, ensuring a 99% success rate in product performance
  • Streamlined engineering change order (ECO) process by implementing a standardized template and creating an automated workflow, resulting in a 30% reduction in processing time for each ECO
  • Conducted root cause analyses to troubleshoot issues encountered during component integration or field service activities.
  • Collaborated with cross-functional teams to develop innovative solutions for complex engineering challenges.

Education

Bachelor's - Electronics and Telecommunications

Atharva College of Engineering
Mumbai
06.2021

Skills

  • Cost reduction
  • Lean Six Sigma
  • DFMEA
  • EOL and Component Selection
  • Active components
  • Passive components
  • Discrete components
  • Hardware components
  • Obsolescence Management
  • Cost analysis
  • Digital circuit design
  • Supply chain optimization
  • Cost optimization
  • Vendor evaluation
  • Supplier management
  • Demand forecasting
  • Procurement planning
  • Component selection
  • Price negotiation
  • Failure analysis
  • Vendor sourcing
  • Supplier negotiation
  • New vendor setup
  • Trend analysis
  • Document preparation
  • Team building
  • Quality assurance standards
  • Waste reduction

Timeline

Purchase Executive

Hind Rectifiers Limited
02.2024 - Current

Component Engineer

Flex
11.2021 - 02.2024

Bachelor's - Electronics and Telecommunications

Atharva College of Engineering
Nikhil Gaikwad