Ritesh Sawardekar
Mumbai
Summary
A highly motivated and results-oriented professional with a strong background in strategic sourcing, procurement within the automotive sector & material handling sector. Proven ability to manage complex supply chains, optimize inventory, cost reduction projects, improve operational efficiency. Eager to leverage skills in strategic planning, data analysis, and supplier relationship management to contribute to a growth-oriented organization.
Overview
7
7
years of professional experience
Work History
Assistant Manager, Strategic Sourcing
Godrej & Boyce Manufacturing Company Limited
Mumbai
12.2023 - Current
- Company Overview: Automotive sector & material handling sector.
- Successfully localized I-Beam sections to resolve Quality Control (QCO) and Bureau of Indian Standards (BIS) issues.
- Implemented a strategic shift to domestic I-Beam sourcing, achieving a yearly cost reduction of Rs.0.28 Crore.
- Successfully negotiated the development of 54 VNC/HMC/Fabricated fixtures, resulting in a Rs.1.2 Crore cost avoidance in FY24-25.
- Drove Rs.10.6 Crore in cost saving for FY24-25 by effective utilizing a range of cost-saving levers, including alternate sourcing, SOB optimization, rapid repricing, make vs buy analysis and e-auctions.
- Coordinated and executed the complex relocation of critical plant utilities, such as bulk storage tanks for Oxygen, LPG, Hydraulic tank, Diesel tanks, ensuring a seamless transition.
- Manage the relocation of all Khalapur utilities, including tanks and piping, resulting in cost avoidance of Rs.0.33 Crore.
- Monitored fluctuations in PVC commodity prices to anticipate market trends, enabling proactive negotiations and cost-saving opportunities.
- Developed and deployed a Power BI dashboard for real-time spend analysis and monitoring of vehicle BOM cost relative to composites commodity Index.
Assistant Manager, Sourcing & Procurement
Mahindra & Mahindra
Mumbai
01.2019 - 11.2023
- Company Overview: Automotive sector & material handling sector.
- Managed the procurement of direct parts, overseeing a spend value of ₹10-₹12 Crore.
- Achieved and maintained an On Time In Full (OTIF) and schedule adherence rate of over 95%, consistently meeting monthly targets.
- Implemented and maintained Minimum Safety Stock (MSS) and Safety Stock (SS) norms to prevent urgent scenarios and eliminate production downtime.
- Analyzed data with high accuracy to generate MIS reports and conducted RCA, ICA, and PCA to identify and close gaps in process.
- Collaborated with cross-functional teams (CFTs) and overseas commodity members to ensure successful project execution and resolve quality concerns.
- Developed pre-packaging initiatives for high-consumption parts at the supplier end, reducing dealer backorder and improving stock efficiency from 67% to 95%.
- Successfully reduced Dealer Backorder from ₹7 Crore to less than ₹1 Crore through proactive planning.
- Automotive sector & material handling sector.
Junior PPC Engineer
Windals Precision Pvt Ltd
Mumbai
06.2018 - 12.2018
- Executed production planning and control, monitoring material movement to reduce inventory.
- Tracked material shortages and provided immediate solutions to maintain production schedules.
- Coordinated with customers to address queries and concerns in a timely fashion.
Education
Bachelor of Engineering - Mechanical
Mumbai University
Mumbai, India01.2018
H.S.C. -
Chh. Sambhaji Raje Sainik School
Khed01.2013
Skills
- SAP (MM)
- Cost reduction
- MS Excel
- PowerPoint
- Power BI
- LN (ERP)
- Strategic Sourcing
- Procurement
- Data Analysis
- Supply Chain Management
- Inventory Control
- Vendor Management
- Project Execution
- Spend analysis
- Supplier negotiation
- Problem solving
Projects
1) Improvement and sustainability of FD commercial FFR to 95%
Challenge: The commercial FFR was only 67% in May 2022, affecting customer service
Action: conducted a brainstorming session and utilized the 7QC tool to identify the root causes
Result: Improved commercial FFR to 95% by prioritizing high-consumption parts, resolving supplier and operational issues, and enhancing stock efficiency
2) Partnered with consultant on range of cost-saving levers, such as running e-actions, make vs buy, vehicle tear-down activities, to drive substantial financial benefits
Timeline
Assistant Manager, Strategic Sourcing
Godrej & Boyce Manufacturing Company Limited
12.2023 - Current
Assistant Manager, Sourcing & Procurement
Mahindra & Mahindra
01.2019 - 11.2023
Junior PPC Engineer
Windals Precision Pvt Ltd
06.2018 - 12.2018
Bachelor of Engineering - Mechanical
Mumbai University
H.S.C. -
Chh. Sambhaji Raje Sainik School
Similar Profiles
Akshay NegiAkshay Negi
Sales & Operations Manager at Godrej & Boyce Manufacturing Company LimitedSales & Operations Manager at Godrej & Boyce Manufacturing Company Limited
ARINDAM GHOSHARINDAM GHOSH
Manager/Area Head at Godrej & Boyce Manufacturing Company LimitedManager/Area Head at Godrej & Boyce Manufacturing Company Limited
Abhishek KhareAbhishek Khare
Graduate Engineer Trainee at GODREJ AND BOYCE MANUFACTURING COMPANY LIMITEDGraduate Engineer Trainee at GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED
Hardik ShahHardik Shah
Representative - South Asia at EHL Hospitality Business SchoolRepresentative - South Asia at EHL Hospitality Business School
Shivam BhatShivam Bhat
Senior Consultant at EYSenior Consultant at EY