SRIKANTH KV

Direct Sourcing Expertise:

▪ Overseeing Pan-India Direct Sourcing Operations, orchestrating procurement strategies for optimal outcomes.

▪ Managing a diverse portfolio of direct categories, including tubes, Machined rods, stampings, Sintered Components, Molded Components, Rubber parts, Sealing products, Bearings covering a spend of USD 32M.

▪ Providing vital support to 4 manufacturing plants, and various support functions (R&D, SQA, LSCM, Engineering, EHS).

Supplier Performance Management:

Taking charge of Supplier Performance Management on a regional and global scale, maintaining relationships with 52 local suppliers and 14 global suppliers.

▪ Upholding the highest standards of supplier performance, ensuring alignment with quality, cost, and delivery expectations.

Supplier Development and VSM Initiatives:

▪ Led Supplier Development activities within the supply chain, successfully implementing new projects using Design for Six Sigma methodology.

▪ Achieved Cost reduction through VSM Programs at supplier by 7 type waste elimination

Vendor Identification and Development:

▪ Provided valuable inputs for future expansion needs based on forecasts from the marketing team.

▪ Actively identified and developed new local and global vendors, aligning with business requirements and assessing vendor/supplier capacities

Strategic Category Management:

▪ Played a critical role in product Category Gross Margin (CGM) management, aligning sourcing strategies with overarching business goals.

▪ Maintained accountability for cost, Quality, and Service objectives, consistently adhering to the Should Cost concept.

▪ Managed the cost of goods sold (COGS) for the entire India region, including overseeing commodity management for products like Power Tools, Equipment & Accessories, Lawn & Garden Power Equipment’s

Supply Chain Risk Management

▪ Provide support on the identification and reporting of Risk and monitor risk alerts to identify vulnerabilities within the supply chain.

▪ Contribute to the design and implementation of new solutions and ways of working in the domain of risk analytics.

▪ Liaise with Category Managers to develop Risk Mitigation plans to ensure business continuity in both short and long term.

Category Management – After Market Auto Parts:

▪ Develop the sourcing strategy for Aftermarket auto parts, along with process for evaluating supplier potentials.

▪ Managing the supplier relationship on an ongoing basis including holding the supplier to quality and compliance requirements as administered by LKQ product compliance team.

▪ Collaborating with other members of the team including Brand Management, Product Management, Marketing, and In stock Management on new products and new sourcing strategies

Supply Chain and Inventory Management:

▪ Ensured the availability of the entire range of sourced and vendor-converted (sub-contracted) materials across all SKUs as per inventory planner requirements.

▪ Evaluated vendor quotations through rigorous costing, negotiation, and final price finalization.

Compliance and Agreements:

▪ Coordinated with suppliers for the signing of confidential disclosure agreements (CDAs), supply agreements, private labelling agreements, product processing agreements, and equipment use agreements.

▪ Ensured strict adherence to quality norms, Environmental Health and Safety (EHS) standards, and Life Cycle Management (LCM) requirements.

Sourcing & Supply Chain

▪ Drive supplier selection through robust qualification processes.

▪ Work closely with Purchasing Leadership, Commodity Managers, and Project Purchasing Teams to build and execute sourcing strategies contributing to localization and diverse BCC sourcing.

▪ Supplement global Commodity Purchasing teams by scouting and developing new suppliers of needed commodities in the region where this position is staffed.

Cross-Functional Collaboration and Audits:

▪ Collaborated seamlessly with cross-functional teams, including Six Sigma, marketing, technical, and finance, to support New Product Introduction (NPI) processes.

▪ Conducted periodic system audits at vendor sites and performed physical stock audits at month-end to maintain the highest standards of quality and efficiency.

Supplier Performance Management:

▪ Taking charge of Supplier Performance Management on a regional and global scale, maintaining relationships with 12 local suppliers and 04 global suppliers.

▪ Upholding the highest standards of supplier performance, ensuring alignment with quality, cost, and delivery expectations.

Category Management – After Market Auto Parts:

▪ Played a critical role in product Category management, Active & Superseded parts management, Product master management & aligning sourcing strategies with overarching business goals.

▪ Maintained accountability for cost, Quality, and Service objectives, consistently adhering to the cost concept.

Supplier Performance Management:

▪ Taking charge of Supplier Performance Management on a regional and global scale, maintaining relationships with 12 local suppliers and 04 global suppliers.

▪ Upholding the highest standards of supplier performance, ensuring alignment with quality, cost, and delivery expectations.

Vendor Identification and Development:

▪ Provided valuable inputs for future expansion needs based on forecasts from the marketing team.

▪ Actively identified and developed new local and global vendors, aligning with business requirements and assessing vendor/supplier capacities.

Compliance and Agreements:

▪ Coordinated with suppliers for the signing of confidential disclosure agreements (CDAs), supply agreements, private labelling agreements, product processing agreements, and equipment use agreements , Health Insurance contracts.

▪ Ensured strict adherence to quality norms, Environmental Health and Safety (EHS) standards, and Life Cycle Management (LCM) requirements.

Strategic Sourcing

▪ Preparing Inflation & Deflation Report for every month with help of Oracle.

▪ Responsible for timely execution of all Purchase requisitions and commercial contracts, ensuring adherence to internal financial controls.

▪ Responsible for Business control / Compliance for indirect spend.

▪ Responsible for sharing / replicating best practices across / from region.

▪ KPIs: Sourcing Compliance, Cost Reduction, Cost Avoidance, Working Capital Improvement, Vendor Rationalization.

Supplier Performance Management:

▪ Taking charge of Supplier Performance Management on a regional and global scale, maintaining relationships with 12 local suppliers and 04 global suppliers.

▪ Upholding the highest standards of supplier performance, ensuring alignment with quality, cost, and delivery expectations.

Vendor Identification and Development:

▪ Provided valuable inputs for future expansion needs based on forecasts from the marketing team.

▪ Actively identified and developed new local and global vendors, aligning with business requirements and assessing vendor/supplier capacities.

Compliance and Agreements:

▪ Coordinated with suppliers for the signing of confidential disclosure agreements (CDAs), supply agreements, private labelling agreements, product processing agreements, and equipment use agreements , Health Insurance contracts.

▪ Ensured strict adherence to quality norms, Environmental Health and Safety (EHS) standards, and Life Cycle Management (LCM) requirements.

Cross-Functional Collaboration and Audits:

▪ Collaborated seamlessly with cross-functional teams, including Six Sigma, marketing, technical, and finance, to support New Product Introduction (NPI) processes.

▪ Conducted periodic system audits at vendor sites and performed physical stock audits at month-end to maintain the highest standards of quality and efficiency.

• Areas of purchasing Raw Material, bought out components (Pressed components, Machined Components & Welded Sub-Assemblies)
• Consumables cost reduction through Alternate sources
• Corporation's objectives in the areas of Quality, Cost and Delivery
• On-site and local verification and approval of PPAP.