Revanna Siddappa
Bangalore,karnataka
Summary
Strategic Sourcing with solid 10+ year background in driving and coordinating sourcing efforts for material and service procurement. Focuses on cost savings and supplier development to support pre-procurement strategy and supply agreement negotiation. Collaborates with internal business units and supply chain stakeholders to achieve business goals.
Overview
11
11
years of professional experience
Work History
Assistant Manager-Strategic Sourcing
Genpact India PVT.LTD
09.2022 - Current
- Managed global sourcing activities that significantly diversified the organization's vendor base.
- Analyzed spend data to identify opportunities for cost reduction and process improvement initiatives in global sourcing operations.
- Supported global sourcing initiatives by researching and analyzing various international markets for potential supply opportunities.
- Assisted in the development of policies and procedures for the global sourcing function, ensuring compliance with ethical standards and regulatory requirements.
- Negotiated supply agreements and developed global sourcing strategies with defined cost savings, risk assessment, and mitigation plans.
- Implemented strategic sourcing initiatives to reduce procurement costs and improve overall supply chain performance.
- Contributed to the development of strategic sourcing plans by providing insights on vendor capabilities, industry trends, and potential risks or opportunities.
- Reduced procurement costs by implementing strategic sourcing and supplier negotiations.
- Analyzed spend data to identify potential areas for cost savings through consolidation or process improvements.
- Assisted in the development of annual budgets, incorporating projected spend based on historical trends and anticipated changes in the market landscape.
Assistant Manager Procurement and Strategic Sourcing
NIDEC industrial Automation PVT.LTD
05.2016 - 09.2022
- Analysing and calculating procurement costs and developing cost reduction strategies.
- Handled Commodities are Sheet metal, Fabrication, Fasteners, Bearing & electronic components, Fasteners, Paints & chemicals.
- Preparation internal costing sheet& RFQ finalization.
- Price & contract finalization, follow approval matrix & On-boarding dev. Parts activities.
- Monthly, quarterly market survey & price revisions of Commodity of parts.
- Define new Product Sourcing, Pricing, Commercial issues fix up, SQM & SCM process finalization.
- Global Sourcing & Preparation strategy for Global parts
- Tendering, E-Bidding, Workflow, Vendor auditing & on-boarding vendors.
- Intact with global team to global sourcing, pricing & strategy.
- Report of Cost Saving, Vendor monthly analysis data, inflation & future strategies.
- Internal Department Communication regarding sourcing strategies& Future projects.
- Market survey, forecasting prices, Inflation preparation with buyer team.
- Involved in Contract on board, review, renewals, legal clearance activities.
- Monthly Pricing critics & market trend communicated to sourcing, Production & Designs.
- Negotiation of Sub con cost, Process charges & Handling cost.
- Reviewing internal department production, Sourcing, Design, intra-company & management
Assistant Engineer-Vendor Development & Sourcing
Canara hydraulics PVT.LTD
12.2013 - 04.2016
- Working as an Assistant Engineer-Vendor Development & Sourcing.
- New Supplier Dev. Projects, vendor on boarding, Enrolling, Streamline vendor with Organization.
- Commodity Prices negotiations, Break up & process price finalization.
- Contract Management, Service price Negotiations.
- Monthly, Quarterly price revision & update in system to next allocations.
- Assistant to new product pricing, SQM, Vendor on boarding & streamline of SCM process.
- Cost Reduction projects, alternative sources identification & qualification.
- Global Sourcing, Tenders, E-bidding & market survey.
Education
B.E - Mechanical Engineering
RRCE
Bangalore08.2013
Skills
- Contract and Negotiations
- NPD Strategic Sourcing
- Market research & strategy
- Decision
- Commodity pricing/Finalization
- Vendor Development
- Vendor on boarding and Cross functional activity
- Cost reduction Projects Tendering & E-Action Global Sourcing & logistics
- Spent analysis Vendor on Boarding Sub-Con Negotiations Reporting
Languages
Kannada, English
Erpexposure
ERP-Oracle-Alice-SAP Microsoft Navision Advance Excel
Personal Information
- Date of Birth: 07/30/91
- Gender: Male
- Nationality: Indian
- Marital Status: Married
Hobbies and Interests
Reading & travelling
Disclaimer
I declare that all information given in this document is true to best of my knowledge and belief.
Timeline
Assistant Manager-Strategic Sourcing
Genpact India PVT.LTD
09.2022 - Current
Assistant Manager Procurement and Strategic Sourcing
NIDEC industrial Automation PVT.LTD
05.2016 - 09.2022
Assistant Engineer-Vendor Development & Sourcing
Canara hydraulics PVT.LTD
12.2013 - 04.2016
B.E - Mechanical Engineering
RRCE
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