Raghav Prajesh
Bengaluru
Summary
Results-driven Cost Management professional with 14+ years of experience in cost estimation, should-cost analysis, supplier negotiations, sourcing strategy, value engineering (VA/VE), BOM optimization, and manufacturing cost reduction across automotive and semiconductor industries. Proven track record of delivering multi-crore savings through strategic sourcing, supplier rationalization, cost benchmarking, and process optimization. Experienced in managing cross-functional teams to achieve cost competitiveness, operational excellence, and sustainable profitability.
Overview
14
14
years of professional experience
Work History
Lam research India Pvt. Ltd. Bangalore (RGBSI Pay roll)
07.2024 - Current
- Lead cost approval activities for Gas Box manufacturing across global factories through detailed cost benchmarking, comparative analysis, and cost competitiveness assessments.
- Perform quarterly BOM cost reviews, scale alignment evaluations, and product transition assessments to identify and execute cost optimization opportunities.
- Own annual cost reduction initiatives with a target of $1.5M (2.8%) savings on a total spend of $54M, achieving $0.75M (1.4%) savings by July 2026.
- Drive vertical integration projects to improve manufacturing cost competitiveness, reduce external dependencies, and enhance supply chain efficiency.
- Lead alternate component qualification and implementation strategies, delivering sustainable product cost reductions without compromising quality or performance.
- Manage market share allocation across global manufacturing sites based on cost competitiveness, operational capability, and overall value proposition.
- Collaborate with Engineering, Supply Chain, Operations, and Commodity Management teams to execute value engineering and cost reduction programs.
- Identify and implement cost-saving opportunities through supplier optimization, design improvements, and product transition strategies.
Aisin automotive Karnataka Pvt. Ltd. Bangalore
06.2022 - 07.2024
- Sourcing & cost negotiation of aluminum die casting (range from 0.25-2.9 kg), sintering, wire harness, electronics parts for Customers Toyota, TML, M & M, etc.
- Technical discussion to resolve Simultaneous engineering open points before supplier selection
- Responsible for Supplier selection, assessment & rationalization for efficient & reliable procurement through Process & products audit.
- Capacity analysis, tracking & sharing development plan on weekly basis through all CFT members.
- Plan tool trials & Procure parts considering T0, T1, PP, LVPT, HVPT, SOP events.
- Providing monthly schedule as per customer forecast.
- %YOY Cost reduction on volume basis & monthly tracking of credit notes from suppliers.
- Annual/Quarterly price revision as per accepted norms of different types of commodities suppliers. Doing VA & VE activities to optimize part cost & process.
Minda Industries Ltd, Pune
11.2017 - 06.2022
- Sourcing & cost negotiation of different automotive lighting commodities such as plastic, rubber, sheet metal, fasteners, aluminum die casting, electronics, SPD, accessories packaging for customers Mahindra, TML & Nissan.
- Developed fixture & gauges of different bought out parts to achieve required quality & specification.
- VA & VE activities to optimize part cost & process lead to saving INR 1.2 crore in 2021-22 year to organization.
- Capacity analysis of suppliers based on 4M (Management, Machine, Manpower & Material) before awarding business & share LOI after selection
- Scheduling and forecasting of new product development parts as per customer demands considering inventory standards & manufacturing lead time (Local & Imports)
- Developed strategic suppliers and negotiated contract agreements to reduce the number of vendors. In Resulting, cost savings due to reduced administrative cost & achieved customer SOP timeline.
- Manufacturing & PPAP audit of NPD parts leads to efficient & reliable procurement.
Hi-Tech robotics systems ltd, Gurgaon
01.2015 - 10.2017
- Developing potential low-cost suppliers, Improvement in systems & processes at companies as well as supplier’s end
- Evaluation & re-evaluation of suppliers as per QCD Criteria
- Checking drawing feasibilities in coordination with supplier on all fronts like manufacturing, assembly and service.
- Ensured right quality of under development parts by collaborating with supplier as per schedule
- Price settlement of new product development parts and tooling (Sheet metal, aluminum, rubber, plastic & machining parts)
- Initiate RFQ, PR & PO for NPD parts.
Ecocat India pvt. ltd, Faridabad
07.2012 - 12.2014
- Co-ordinate with engineering Dept. and suppliers for development of proto/production parts. Part of special group activity (SGA) for cost benefits
- Follow up of vendor for incoming products with correct quantity / quality
- Doing PPAP audit of new development parts & have certified training by OMAX
- Active work participation in line trails of new development parts
Education
MBA - Operation Management
Sikkim Manipal University
01.2014
BE - Mechanical Engineering
Government Engineering College
Ujjain, M.P.01.2012
Skills
Global Sourcing & Buying
Simultaneous engineering points feasibility & machine capacity analysis
Cost Negotiation, Cost management, supply chain, Quote Approval
Supplier’s audits & management
New Product Development & Procurement
Supplier selection, audits & management
Declaration
I hereby declare that the information given above is true to the best of my knowledge & belief.
Timeline
Lam research India Pvt. Ltd. Bangalore (RGBSI Pay roll)
07.2024 - Current
Aisin automotive Karnataka Pvt. Ltd. Bangalore
06.2022 - 07.2024
Minda Industries Ltd, Pune
11.2017 - 06.2022
Hi-Tech robotics systems ltd, Gurgaon
01.2015 - 10.2017
Ecocat India pvt. ltd, Faridabad
07.2012 - 12.2014
BE - Mechanical Engineering
Government Engineering College
MBA - Operation Management
Sikkim Manipal University