Prashant Paygonde
Chinchwad
Summary
"A seasoned sourcing professional with 8.9 years of experience in strategic, tactical, and new product development. Known for being detailed, resourceful, and a creative problem solver, with a strong aptitude for reasoning and negotiation."
Overview
9
9
years of professional experience
Work History
Assistant Sourcing Manager. AM
JCB India
Pune
10.2021 - Current
- Buyer for fabricated part and sheet metal part of excavator, wheel loader, compaction like Roller, Bucket, Shovel, Counterweight, Top panel, and Bonnet
- Responsible for cost reduction targets in line with the company targets and achieve the same using various levers like Commercial Negotiation, Share of Business Optimization, Alternate Sourcing, Benchmarking, VAVE ideas, Renegotiating Contract Terms, spend analysis etc
- Responsible for Zero base costing, LPP & differential costing for all parts required for new projects in pipeline
- DMC (direct material cost) & tooling cost estimations for parts required for new projects
- Responsible of SOB optimization to meet cost saving targets & also adhere part delivery timeline
- Responsible for timely price settlements to meet launch timelines
- Prepare & maintain approvals required for creating purchase orders
- Price amendments effective due to Quarterly RM change, BOP parts price change
- Responsible for Tooling development of fabrication & Sheetmetal component for Plant 2 JCB
- Tooling requirement & cost finalization by negotiating with tooling supplier
- Responsible for Tracking of all CSR from Pune division related to Supplier tooling of all commodities
- Responsible for Capitalization of fabrication & Sheetmetal parts tooling
- Developed a tracking System on Excel for supplier tooling from RFQ to Capitalization for all buyer & commodities.
Jr. Sourcing Manager
Sany heavy industries India Pvt. Ltd.
Pune
04.2020 - 10.2021
- Sourcing & development for fabrication, sheet metal & machining parts.
- Localization of Imported parts from Sany China with Cost savings, Eg. Motor grader, Excavator, pilling rigs Components
- Defined Centralised Costing norms based on ZBC to control for all the respective fabrication & Machining operations and development
- Development of Daily Production Shortage parts of all products for one-time/Regular
- Co-ordinate Rework of Returned Boom and arm of excavators from a customer under warranty terms & finalize rework Cost
- Supplier Capacity mapping, tracking every month
- And new supplier development for Fabrication & Machining
- Supporting the spare part division by procuring one-time required parts, Tracking of DSR & coordinating with CHA & China Supplier.
NPD & Costing Engineer
Rane Industries Pvt. Ltd.
Pune
06.2015 - 04.2020
- Development of business quotations with a Feasibility study for Customers.
- Costing of product for Supplier.
- Place order for NPD.
- I developed part production lines for established MNCs such as JCB & Hyundai, Sany, and TATA Motors. I was a project head (Team leader) for Hyundai, Sany for Side Beam & TATA Motors Axle Project.
- Developed positive working relationships with stakeholders to coordinate work activities effectively.
Education
H.S.C. -
Shri Sant Damaji College, Mangalwedha
S.S.C. -
English School, Mangalwedha
Bachelor of Engineering - Mechanical Engineering
Bharati Vidyapeeth Collage of Engineering Kolhapur
Kolhapur, India05.2015
Skills
- Sheet metal, fabrication & Machining Process
- Supplier Relations
- Process Development
- Negotiation Strategies
- Profit and loss understanding
- Cost Reduction Initiatives
- Strategic Sourcing
- Cost Analysis
- Problem-Solving
- Software (Autocad, Solid work, Advance Excel, VBA, Power Query
Accomplishments
- Achieved cost savings (7.2 Cr) in 2024 against a target of 5.2 Cr.
- Achieved cost savings (7.8 Cr) in 2022 against a target of 3.5 Cr.
- Achieved Kudos later for the localization of the fuel tank neck.
- The achieved reward for one-day development & procurement of shortage parts for production in Sany.
- I achieved an award for a 'Cost saving' project at Rane Industries Pvt. Ltd in 2019.
- "Recognized as one of the top 5 employees of the month." in Rane Industries.
Language
English, Marathi, Hindi
Languages
Marathi
Bilingual or Proficient (C2)
Hindi
Bilingual or Proficient (C2)
English
Upper intermediate (B2)
Timeline
Assistant Sourcing Manager. AM
JCB India
10.2021 - Current
Jr. Sourcing Manager
Sany heavy industries India Pvt. Ltd.
04.2020 - 10.2021
NPD & Costing Engineer
Rane Industries Pvt. Ltd.
06.2015 - 04.2020
H.S.C. -
Shri Sant Damaji College, Mangalwedha
S.S.C. -
English School, Mangalwedha
Bachelor of Engineering - Mechanical Engineering
Bharati Vidyapeeth Collage of Engineering Kolhapur