Praveen Kumar K.V

• Define the Strategy for direct material every year, with a focus on company yearly goals to achieve EBITA for Raw material & packaging commodity for APAC with a Total spend of USD 30MM by achieving 10% savings every year.
• Achieve Saving targets for the region, & work on continues improvements, with a cross functional collaboration with Supply Chain & Manufacturing Team
• New Vendor developments, to bring supply resiliency in critical buying areas where alternative vendor qualifications are needed to improve cost , reduce lead time & move away from Single Source Vendors
• Set-up robust procurement processes as per guidance from Procurement leadership, clearly linked to KPIs and create playbooks for said procedures
• Act as procurement point of contact for suppliers and maintain relationships with supplier senior executives
• Monitor implementation of sourcing strategies and contract compliance and participate in resolution of any constraint.
• Enhanced supplier relationships by implementing strategic sourcing initiatives and fostering collaboration.
• Identified opportunities for cost savings through consolidation of spend across multiple categories or regions.
• Collaborated closely with internal stakeholders to align sourcing strategies with overall business objectives.
• Reduced lead times by identifying and addressing bottlenecks in supply chain, improving overall performance.
• Managed cross-functional teams for successful implementation of sourcing strategies and projects.
• Conducted market research to identify new suppliers and stay abreast of industry trends, ensuring competitive advantage.

• Leading the procurement activities for Raw Material, Packaging activities for India Seed and CP business & Tolling ,packaging for ASEAN External Manufacturing Operations in Direct Buying.
• Handled spend of USD 15MM in Direct Material purchases with a Savings of close to USD 1MM every year.
• Involved in projects at a global level for cost savings initiatives . Few of the projects like WC 90, Cost reduction in RM, Packaging Rationalization, Execute to Win, Summit.
• Identify savings opportunities, partnering with internal stakeholders and counterparts, and lead sourcing initiatives in alignment with overall category strategies.
• Ability to deal and move along with Cross functional teams, there by achieving the organizational goals collectively as a team .
• Working on New product Launches for Crop protection and Seed Business in securing Packaging and RM before product Launch.
• Good Understand and knowledge on Packaging Material Purchases and development of new designs for products as when needed.
• Working with Service center team for the transitional activates and giving training and guidance on low level buying as a commodity lead.
• Alternative Source developments for RM & New design developments for Packaging.

• Managing the R&D buying for Pioneer entity with a Spend of USD 5MM .
• Key Commodities for buying include Heavy Agricultural machinery, Professional Services, Facility Management Contracts, Laboratory Etc..
• Identify savings opportunities, partnering with internal stakeholders and counterparts, and lead sourcing initiatives in alignment with overall category strategies
• Responsible for completing Capital projects along with project Status reports to R&D Sr. leadership team
• Responsible for supporting Researchers in setting up research station by way of mobilizing all the required Man, Material and Labor Procurement in building Labs and Offices & Farms
• Create cost saving opportunities through competitive bidding, negotiations, etc., while maintaining ethical practices and win-win outcomes for both parties.
• Creation and Development of New Vendors for Purchase requirements for different Location in India. Also Responsible for Supplier Performance Review conducted ever Quarter for key suppliers
• Expertise in SAP MM as End user and was key member in Supporting SAP Implementation Team in SRM E -Spree System for all Research Entities

• Sourcing - India, Sri Lanka & Bangladesh - Oct-2012 to July-2014
• Creation of Purchase orders, Analyzing and reporting Cost savings and purchase performance for Strategic Buyers
• Creation of Purchase orders, Outline agreements, Spend analysis, Catalog Management.
• Worked on ERP Plat forms on SAP MM,SRM and E-Sourcing Systems as end user.
• Direct interactions with Vendors on Negotiations, Initiation of RFI, RFP, RFQ. & E-Bidding using E-Sourcing system.
• Analysis on buying and creating Competitive Benchmarking to generate savings
• Has been part of One Dupont Project for SRM implementation representing India on behalf of service center.

• Worked as a truncation Buyer for NA Region for DuPont NA sites for sourcing activates.
• Was a Part of Virtual Ware House Project and was the Only member Along with a Counter Part in US to achieve a savings of USD 8.3MM in 3 Years in optimal utilization of Material stored in Warehouses.
• Was Awarded the Best Employer of the Year in 2010 for the Outstanding work in Sourcing.
• Was a Part of Agreement to Release Process where Purchased where released against Contractual Agreements. Was instrumental in processing 200 Purchase orders in a day to meet Site needs.
• Played a Key role in Spot Buy process for Newly Transitioned Sites for NA.

• Reconciliation
• Process which deals with reconciliation of transitions which reflect in company’s balance sheet. Transactions are all dealt with Asset accounts of the company. This involves correcting entries and posting right offsets to right cost center.
• Transactional Buying

A process which deals with creation of Purchase orders as a Transitional buyer for office locations in US. The Major commodity buy was on releasing Purchase orders for IT and professional services.