Rakesh Parsad
Bangalore
Summary
Dynamic and results-oriented sourcing professional with 19 years of progressive experience in procurement, strategic sourcing, contracts, and material management. Proven track record in implementing successful sourcing programs, showcasing extensive project and program management skills. Recognized for driving cost savings through effective should-cost analysis, supplier negotiations, and value engineering (VAVE), consistently exceeding cost reduction targets and enhancing profitability. Adept at managing the entire supplier lifecycle from selection to onboarding, product development, performance evaluation, and exit strategies. Demonstrated ability to identify global sourcing opportunities across India, Asia, and other regions to support diversified supply chains. Collaborative approach in coordinating with cross-functional teams including engineering, finance, quality, legal, and operations for seamless program execution within approved budgets while effectively managing tooling and BOM costs.
Overview
19
19
years of professional experience
Work History
Global Sourcing Manager – Automotive & Hardlines
Walmart Global Sourcing
07.2023 - Current
- Manage the end-to-end supplier function, including supplier selection, on boarding, and contract development, for the Automotive and Hardline Categories
- Implemented global sourcing strategies, driving cost reductions of up to 22% and optimizing the supply network across multiple regions.
- Identified and on boarded new international manufacturing partners, enhancing the export pipeline for Walmart US.
- Negotiated and finalized cost agreements with suppliers, ensuring optimal value and compliance with budgetary targets.
- Directed the exit strategy for underperforming suppliers while strengthening relationships with high-performing vendors.
- Boosted supplier performance by aligning capacity and capabilities with forecasted demand, enabling on-time, safe, and sustainable product delivery.
- Ensured on-schedule shipments from suppliers for both existing and new product lines.
- Acted as the primary escalation point for critical issues in quality, costing, supply chain security, legal, and finance, driving swift resolutions.
- Represented the sourcing function at trade fairs, introducing high-potential suppliers to Walmart merchants and showcasing their capabilities.
Manager Procurement/Sourcing
Mahindra & Mahindra ltd
03.2019 - 06.2023
- Handled key commodities including sheet metal, machining, and forging for new and running projects(Tractors Products)
- Led vendor development, supply chain coordination, and ensured seamless production for new product launches (e.g., 25 HP & 60 HP tractors etc.).
- Drove cost and CAPEX planning using zero-based costing for parts, tooling, and ECN components; led negotiations and settlements with suppliers.
- Achieved significant cost reductions through process optimization, yield improvements, alternate sourcing, and commodity cost control.
- Managed RFQ, VOB, LOI, and PO issuance processes for new/existing projects.
- Led NPD activities including vendor evaluation, supplier upgrades, PPAP closure, and batch production.
- Resolved quality, supply, and engineering issues in collaboration with internal and supplier teams.
- Proficient in SAP, NVPC, MS Office, and JT Go for drawing analysis and part comparison.
- Ensured smooth coordination across internal teams for timely and successful project launches.
Manager Procurement
Mitsubishi Agri Machinery
12.2016 - 03.2019
- Leading Project from CDMM for Tractor part localization of running and new models and export to Japan.
- Managed end-to-end supplier coordination, including regular visits to ensure process setup aligned with quality, productivity, and project timelines.
- Reviewed and implemented design changes in collaboration with Japan R&D & supplier teams.
- Led component development for new and existing projects, including LE4 Rice Transplanter, Combine, and M-Star Tractor.
- Ensured on-time development and delivery of components for NPD and ECN projects, meeting PQCD (Productivity, Quality, Cost, Delivery) goals.
- Collaborated with cross-functional teams to ensure smooth project execution and successful localization.
Assistant Manager – QD
Honda Cars India Pvt ltd
05.2008 - 11.2016
- Led new supplier on boarding and development, ensuring QCDD (Quality, Cost, Delivery, and Development) targets were met.
- Developed sheet metal and skin parts for new and existing vehicle models (e.g., City, Mobilo, Brio).
- Managed local and overseas suppliers, including JBM, HONE, Caparo, and tooling partners from Thailand and Taiwan.
- Oversaw tool development timelines, design validation, capacity checks, raw material planning, and feasibility studies with suppliers.
- Conducted QAV-2 (Steps 1–5) audits to verify planning, quality, and production readiness for new and existing suppliers.
- Ensured timely delivery and ramp-up of new model components, with seamless transition to the Part Quality team.
Supplier Quality Engineer – Purchase
Delphi Automotive System Pvt ltd
08.2006 - 05.2008
- Managed Supplier Quality function, overseeing in-house quality, vendor quality, and new product development across multiple commodities (Sheet Metal, Plastics, Tubes, Sintered, and Rubber).
- Handled quality issues for components at both supplier and internal manufacturing levels, including non-conformances in child parts.
- Experienced in APQP, PPAP, 5-Why analysis, and quality documentation for new and existing components.
- Conducted supplier process audits and ensured proper PPAP implementation and compliance.
- Coordinated with Production Control and Logistics teams to resolve supplier-related delivery issues.
Education
Bachelor of Technology - Mechanical Engg
Kurukshetra University
01.2006
Skills
- Global Sourcing
- Vendor selection strategies
- Contracting and Negotiation
- Business Cases and Capex
- Streamline procurement processes
- Cost estimation analysis
- Supply chain management
- Quality Assurance
- Knowledge of SAP MM Module
- Microsoft Office 365
Industry
- Retail , Automotive
Significant Accomplishments
- Walmart Sourcing Achievement Award
- Walmart Private Brand Excellence Award
- 4× Spot Awards – Mahindra & Mahindra
- Employee of the Quarter – Mahindra & Mahindra
Timeline
Global Sourcing Manager – Automotive & Hardlines
Walmart Global Sourcing
07.2023 - Current
Manager Procurement/Sourcing
Mahindra & Mahindra ltd
03.2019 - 06.2023
Manager Procurement
Mitsubishi Agri Machinery
12.2016 - 03.2019
Assistant Manager – QD
Honda Cars India Pvt ltd
05.2008 - 11.2016
Supplier Quality Engineer – Purchase
Delphi Automotive System Pvt ltd
08.2006 - 05.2008
Bachelor of Technology - Mechanical Engg
Kurukshetra University
Similar Profiles
Rishika RaghuwanshiRishika Raghuwanshi
Business Consultant - Cross Border Trade at Walmart Global SourcingBusiness Consultant - Cross Border Trade at Walmart Global Sourcing
Vishal BhaleraoVishal Bhalerao
Head of Healthcare Development at WBA Global Sourcing (Walgreens Boots Alliance entity)Head of Healthcare Development at WBA Global Sourcing (Walgreens Boots Alliance entity)
Rocky WangRocky Wang
Senior Manager, Sourcing at Walmart SourcingSenior Manager, Sourcing at Walmart Sourcing