Sumit Mahajan

• Reduced lead times for critical components through implementation of an efficient sourcing strategy.
• Conducted regular supplier audits to maintain high-quality standards and compliance with company policies.
• Increased supply chain transparency by implementing systems that tracked materials from source to finished product.
• Streamlined procurement processes through the introduction of innovative tools and technologies for better data management and tracking.
• Create strategic impact by engaging early in the Advanced Development( MLD) & Product Development Lifecycle Maintenance (PDLM) projects to deploy innovative solutions from the supplier base for cost, quality & risk, to industrialize the suppliers and to transfer the projects to Manufacturing & Procurement
• Mitigating business risk by monitoring life cycle management (LCM modification on supplier and Philips proposal).
• Execute the sourcing plan deliverables to ensure project targets are achieved for cost, quality, risk and optimized TCO.
• Conduct early supplier innovation events to bring suppliers earlier in the product innovation process and influence R&D to optimize the propositions and achieve the best value for Philips and its customers
• Create Supplier strategy Road map for Mechatronics/ electronics category to create Robust supplier base.
• Create and drive divisional productivity funnel and convert them in business case.
• Certified with DFX training, SMRS, SAP, ARIBA, Oscar, FLS, and CCB (Central control board).
• Led efforts to establish long-term agreements with strategic partners, enhancing collaboration and securing future business growth opportunities.
• Managed supplier risk by closely monitoring financial health, performance metrics, and market conditions of primary vendors.
• Worked closely with engineering teams to identify alternative materials or suppliers when necessary, ensuring minimal delays in production cycles.
• Collaborated with cross-functional teams to ensure timely completion of projects and alignment of goals.
• Identified new sourcing opportunities by staying current with industry trends, attending trade shows, and networking within professional organizations.
• Developed strong relationships with key suppliers to ensure continuous improvement initiatives were mutually beneficial.
• Researched emerging markets for potential expansion opportunities while maintaining focus on existing vendor partnerships.
• Implemented a comprehensive supplier performance evaluation system to improve overall quality and efficiency.
• Championed best practices throughout the organization related to sourcing functions such as negotiation, contract management, and supplier performance management.
• Coordinated global purchasing activities across multiple sites, ensuring consistency in processes and procedures.
• Assisted in the development of annual budgets for materials procurement based on projected demand and historical trends.
• Optimized supplier selection process by conducting thorough research and analysis on various potential vendors.
• Accurately wrote operational documents after receiving technical author review and approval.
• Coordinated and evaluated manufacturing processes for efficiency and profitability.
• Applied core engineering principles when working through manufacturing processes.
• Modeled test simulations using dynamic software systems.
• Streamlined manufacturing processes to remove unnecessary steps and produce quality products through faster, more efficient systems.
• Developed and improved commonly used tools and systems.
• Interacted with different engineering professionals outside of company staff on projects and initiatives.

·• Actives involve in new vendor development, material procuring and sourcing.

• To assist in development process, PPAP and control plan.
• Manage suppliers to meet objectives related to cost, delivers performance, schedule and quality.
• Product costing and price negotiation.
• Daily, weekly and monthly production plan fixing with PPC based on material available.
• Release purchase order and conduct continuous follow-up for required material.
• Generating accurate raw material requirement.
• Keeping optimum inventors to maintain LT within target.
• Handling around 93 suppliers, 44 raw material and 200 parts variants for both Domestic and Export market
• Conducted thorough market research to identify new suppliers, expanding the company's sourcing options and reducing dependence on specific vendors.
• Managed vendors and suppliers to meet objectives related to cost, delivery performance, and schedule.
• Analyzed vendors and suppliers to select most suitable to deliver high-quality products at competitive pricing.
• Adopted supplier management methodologies and purchasing strategies to secure improved prices.
• Analyzed purchase orders for accuracy before submission, preventing costly errors or delays in order processing.
• Developed and maintained comprehensive purchasing documentation, ensuring accurate record-keeping and easy retrieval of information when required.
• Evaluated vendor performance regularly through metrics such as delivery time, quality, and pricing consistency, enabling informed decisions about future business opportunities.
• Performed regular performance review with suppliers to drive continuous improvements.
• Streamlined procurement processes by implementing efficient strategies and techniques, resulting in cost savings and improved turnaround times.
• Conducted thorough market research to identify new suppliers, expanding the company's sourcing options and reducing dependence on specific vendors.

• Negotiated lead-time, cost and quality to obtain maximum company benefit.
• Analyzed vendors and suppliers to select most suitable to deliver high-quality products at competitive pricing.
• Collaborated with cross-functional teams to understand project needs and ensure timely delivery of materials, contributing to successful project completion.
• Managed vendors and suppliers to meet objectives related to cost, delivery performance, and schedule.
• Actives involve in new vendor development, material procuring and sourcing.
• To assist in development process, PPAP and control plan.
• Manage suppliers to meet objectives related to cost, delivers performance, schedule and quality.
• Product costing and price negotiation.
• Daily, weekly and monthly production plan fixing with PPC based on material available.
• Release purchase order and conduct continuous follow-up for required material.
• Generating accurate raw material requirement.
• Keeping optimum inventors to maintain LT within target.
• Handling around 93 suppliers, 44 raw material and 200 parts variant for both Domestic and Export market.

Highlights:

• Led procurement of electrical, mechanical, molding, and press parts for an electronic products showroom.
• Implemented CVIM system at supplier's end & ensured the execution of CVIM in daily manner
• Contributed in Kanban card & GSRM implementation
• Built & maintained vendor relations; evaluated vendors, managed baser processes, and analyses reports
• Reduced and controlled packing inventors like Box, Polybag, Packing Sheet, Bee Label, Foam, EPS, and so on.
• Identified new sourcing opportunities by staying current with industry trends, attending trade shows, and networking within professional organizations.
• Led efforts to establish long-term agreements with strategic partners, enhancing collaboration and securing future business growth opportunities.
• Played a pivotal role in the continuous improvement of sourcing processes by identifying areas for potential enhancement and implementing appropriate solutions.
• Collaborated with cross-functional teams to ensure timely completion of projects and alignment of goals.
• Worked closely with engineering teams to identify alternative materials or suppliers when necessary, ensuring minimal delays in production cycles.
• Increased supply chain transparency by implementing systems that tracked materials from source to finished product.
• Researched emerging markets for potential expansion opportunities while maintaining focus on existing vendor partnerships.
• Negotiated favorable contract terms with suppliers, resulting in cost savings and improved delivery schedules.