Nitin Srivastava
Strategic Procurement & Sourcing Leader
Vadodara
Summary
Dynamic leader with over 17 years of experience in procurement, global sourcing, supply chain management & finance controller- procurement strategy for the top automotive OEMs. Adept at leading strategic procurement teams, developing competitive supplier portfolios, and implementing best-cost country sourcing strategies. Proven expertise in strategic procurement, and leadership of multi-functional procurement teams. Extensive experience in leveraging SAP to streamline purchasing functions and improve operational efficiency.
Overview
18
18
years of professional experience
2
2
Languages
Work History
Head - Cost Management & Benchmarkig
MG Motor India Private Limited
03.2022 - Current
- Managed financial oversight and strategic planning for all procurement initiatives, ensuring cost efficiency, budget alignment, and value-driven sourcing strategies.
- Developed and executed procurement strategies, achieving INR 500 million in cost savings.
- Controlled global sourcing initiatives, strengthening supplier relationships in low-cost countries.
- Implemented robust RM & FX forecasting systems for better financial planning.
- Spearheaded cost benchmarking projects to establish competitive component pricing.
- Secured the procurement of all direct components, including critical electronics and proprietary systems such as HV battery, EDU, infotainment systems, and control units, at optimal costs, ensuring strategic, value-driven sourcing and seamless supply chain operations.
Department Manager - Value Engineering Planning
Honda Cars India Limited
08.2019 - 03.2022
- Delivered INR 250 million in cost savings through value engineering and process optimization.
- Streamlined procurement processes by optimizing sourcing and inventory management strategies.
- Developed and implemented centralized purchasing strategies for high-value components.
- Secured cost-effective development of high-quality electronics components for next-gen automotive models.
Section Lead - Strategic Sourcing & Supply Chain
Hero MotoCorp Limited
02.2014 - 08.2019
- Built and led a dynamic team of sourcing professionals, managing INR 10,000 million annual spend
- Championed strategic processes to manage currency and raw material price fluctuations
- Achieved INR 100 million in cost savings, enhancing profitability and operational efficiency
- Partnered with senior stakeholders to implement supplier development programs, driving performance improvements
- Introduced alternate sources for critical components, achieving a perpetual savings of INR 3 million per annum
- Developed machine hour rates for key processes including pressure die casting and rubber molding
Manager - Ancillary Development
Tata Motors Limited
01.2012 - 02.2014
- Led procurement and supplier development for commercial vehicle components.
- Successfully implemented Kanban, improving supply chain agility and efficiency
- Developed automated supplier capacity tools, fostering a data-driven operational culture
- Conducted vendor capacity analysis and successfully improved production capabilities for high-demand components
- Achieved INR 28 million cost savings through localization initiatives
- Appointed as leader of a cross-functional team, achieving a cost reduction target of INR 160 million over three years
Deputy Manager - Supply Chain
Maruti Suzuki India Limited
06.2007 - 12.2011
- Led the sourcing and development for key models, including A-Star, Zen Estilo, and New Wagon R
- Achieved INR 20 million in cost savings through localized etching processes
- Developed and nurtured alternative sourcing strategies, strengthening supply chain resilience
- Managed development and cost settlement for over 150 parts per model
- Successfully conducted global sourcing of injection molding dies from Japan, Taiwan, China, and Korea
- Introduced new tooling sources and optimized component costs, contributing to a 4.5 million INR savings in New Wagon R
Education
B-Tech - Mechanical Engineering
Motilal Nehru National Institute of Technology
Prayagraj, India05-2007
Intermediate Certificate - Future Leadership Program
IMT
Ghaziabad, India06-2016
Certificate of Technical Studies - Sex Sigma Black Belt
Otifas
03-2021
Post-Graduate Certificate - Advanced Program In Strategic Management
Indian Institute of Management
Lucknow, India04-2025
Core leadership competencies
- Strategic Procurement & Commodity Sourcing
- Global Supplier Management & Best Cost Country Sourcing
- Electronics Procurement for Automotive Applications
- SAP MM Module
- Contract Negotiation & Cost Management
- Logistics & Inventory Optimization
- Supplier Risk Mitigation & Capacity Planning
- Commodity Strategy Development
- Process Automation & Operational Efficiency
- Cross-functional Team Leadership & Stakeholder Engagement
- Strategic Supplier Portfolio Development
Key Leadership Achievements
- Global Sourcing Expertise: Developed and managed global supplier networks, negotiating contracts in Japan, Taiwan, Korea, and China, ensuring quality and cost efficiency.
- Strategic Commodity Sourcing: Led strategic sourcing initiatives for electronic and critical auto components, achieving cost savings of INR 500 million at MG Motor India.
- Best Cost Country Sourcing: Identified and onboarded low-cost country suppliers, optimizing procurement costs and enhancing supplier diversity.
- Supplier Capacity Expansion: Improved supplier production capacity to meet growing demand, reducing procurement lead times.
- Cost Benchmarking: Created detailed cost tables for key automotive components, enabling accurate supplier negotiations and competitive pricing strategies.
- Cross-functional Collaboration: Collaborated with R&D, manufacturing, and finance teams to align procurement strategies with business objectives.
- Contract Negotiation Expertise: Negotiated strategic long-term contracts, securing favorable terms and mitigating supplier risks.
- Sustainability Initiatives: Introduced procurement strategies focused on sustainable and eco-friendly sourcing.
It and technological proficiency
- SAP MM Module
- SAP Ariba
- Microsoft Office Suite (Word, Excel, PowerPoint, Access)
- Teamcenter PLM
Personal Information
- Date of Birth: 03/15/83
- Marital Status: Married
Skills
Friendly, positive attitude
undefinedTimeline
Head - Cost Management & Benchmarkig
MG Motor India Private Limited
03.2022 - Current
Department Manager - Value Engineering Planning
Honda Cars India Limited
08.2019 - 03.2022
Section Lead - Strategic Sourcing & Supply Chain
Hero MotoCorp Limited
02.2014 - 08.2019
Manager - Ancillary Development
Tata Motors Limited
01.2012 - 02.2014
Deputy Manager - Supply Chain
Maruti Suzuki India Limited
06.2007 - 12.2011
B-Tech - Mechanical Engineering
Motilal Nehru National Institute of Technology
Intermediate Certificate - Future Leadership Program
IMT
Certificate of Technical Studies - Sex Sigma Black Belt
Otifas
Post-Graduate Certificate - Advanced Program In Strategic Management
Indian Institute of Management
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