Vikash Kumar Sharma
Pune
Summary
Dynamic Sourcing Leader with a proven track record of driving annual direct material cost reductions and optimizing procurement processes. Expert in supplier negotiation and relationship management, I excel in fostering team development and collaboration, ensuring project success through strategic sourcing and effective stakeholder engagement.
Overview
22
22
years of professional experience
Work History
Sourcing Team Leader (General Manager)
Cummins India Ltd.
Pune
08.2017 - Current
- Leading Procurement of Forging Commodity for India Region overseeing annual spend of INR1400Cr/170m$ from 50+ suppliers for 5 plants in India, 4 Plant un US and 2 Plants in UK.
- Drove material cost reduction through targeted initiatives, enhancing profitability of Business Unit.
- Negotiating long-term supplier agreements with key suppliers to secure favourable pricing and terms & optimizing procurement processes.
- Conducting cost reduction workshops to generate healthy hopper with Cost Reduction Ideas for long terms through value VAVE and alternate sourcing strategies & Process Improvement & utilising Zero Based Costing, Internal/External Benchmarking.
- Controlling material costs through close monitoring of commodity/FOREX movements to ensure the right cost of procurement.
- Led supplier relationship management initiatives, engaging leadership teams to establish sustainable partnerships with key suppliers.
- Defining and executing sourcing strategies for various part categories, leading supplier risk mitigation and capacity enhancement projects aligned with BU/Plant expectations.
- Collaborating closely with global sourcing teams on diverse sourcing initiatives, coordinating across functions to deliver support for meeting and exceeding functional Annual Operating Plans.
- Evaluated and selected suppliers for all NPD programs based on program requirements.
- Managing sourcing and component development activities for New Engine Development Programs (in Diesel, LNG/CNG, and Hydrogen ICE) in collaboration with global and local teams through Cummins' NPD process.
- Developing and implementing supplier performance scorecards to drive continuous improvement and ensure supplier accountability.
- Finalized engine pricing and negotiated contracts for critical customers as part of CFT with the marketing and finance team.
- Mentored and coached teams, promoting career growth and talent development within organization.
- Consistently achieving 2% Cost Reduction every year & generated cost reduction idea hopper worth of 3%.
- Achieved 80% of spend under supplier Contract.
- Developed Sourcing Strategy for Component Categories-Crankshafts/Conrods/Gears/Bushes & Bearings.
- Implemented zero based costing & data based costing models for cost efficiency and transparency.
- Developed team for manage functional work effectively.
- Played pivotal role in timely launch of BSVI OBDI, OBDII, and LNG/CNG Engine Development Programs & met stringent timeline and Material Cost Target.
- Promoted in 2021.
Senior Manager – Purchasing
CNH Industrial (India) Pvt. Ltd.
Greater Noida
12.2015 - 08.2017
- Spearheaded and oversaw the procurement of forging commodity, managing an annual spend of INR 130 Cr.
- Realized savings of 20 million INR through cost reduction projects and localization efforts, enhancing procurement efficiency in 2016.
- Realized approximately a 2% cost reduction for parts in a volatile market by establishing secondary sourcing, conducting negotiations, and identifying cost-effective sourcing opportunities.
- Achieved a 15% reduction in packaging costs for high-value components through the implementation of innovative packaging solutions.
- Negotiated and executed supplier agreements, securing long-term contracts with year-over-year cost reductions and warranty provisions.
- Formulated components for various NPI projects and identified alternate sourcing opportunities.
- Developed components for multiple NPI programs, ensuring on-time delivery to meet planned builds.
- Assisted the Global Purchasing team in pinpointing LCC sourcing opportunities from India for global projects.
- Participated in commercial settlements, DMC control, inflation management, and procurement excellence via supplier negotiations.
- Mentored and coached teams, fostering career growth and talent development to strengthen organizational capabilities.
Deputy Manager – Strategic Sourcing
VE Commercial Vehicles Ltd.
Pithampur
01.2011 - 12.2015
- Led the sourcing of casting commodity with an annual spend of INR 400 Cr and forging components with an annual spend of INR 700 Cr.
- Sourced Mechanical Proprietary Components with an annual spend of INR 200 Cr, ensuring alignment with budgetary goals.
- Implemented DMC control, managed inflation, optimized working capital, and drove purchasing excellence initiatives.
- Developed components for alternate sourcing and cost reduction through APQP, time plans, intermediate development reviews, and PPAP process, enhancing supplier diversification.
- Earned the highest recognition reward for surpassing cost reduction targets in turbochargers in 2013.
- Successfully met yearly cost reduction targets from 2011 to 2014.
- Negotiated component prices promptly and within budget for VE2100, VE1100, VE5102, and VE4101 programs.
- Managed inflation control for LD/MD/HD trucks within allocated budget levels.
- Mentored and coached teams, fostering career growth and talent development within the organization, contributing to a skilled workforce.
- (A Volvo Group & Eicher Motors Joint Venture)
Deputy Manager – Integrated Material Cost Reduction (Strategic Sourcing)
Mahindra & Mahindra Ltd.
Nasik
08.2008 - 01.2011
- (Automotive Sector)
- Led material cost reduction projects with CFT team, achieving targets for trims commodity.
- Achieved cost reduction targets for FY09 and FY10 for commodities on Scorpio and Xylo platforms.
- Facilitated workshops to develop cost reduction proposals at M&M and vendor sites.
- Implemented IT-based project management tool EPM for the first time in M&M for effective project management.
- Acquired in-depth understanding of automotive systems and cost reduction techniques to inform strategic sourcing.
Executive – VAVE Program Management
Tata Johnson Controls Automotive Ltd.
Pune
02.2007 - 08.2008
- Directed VAVE projects in seating systems across multiple plants, surpassing target cost reductions by 80% for the year 2007-08.
- Oversaw completion of Indigo front seat height reduction program, enhancing design efficiency across production.
- Completed Six Sigma Green Belt training and led two Six Sigma projects at TJC, driving process improvements.
Senior Engineer – Engineering and Production Development
Perfect Circle India Ltd.
Nasik
01.2005 - 02.2007
- Developed piston ring design model in Excel to streamline development process and minimize iterations.
- Reduced grinding passes and implemented machine setting sheets to enhance production productivity.
- Designed and developed piston rings for aftermarket applications independently.
- Completed Six Sigma White Belt project to improve process efficiency.
Senior Engineer – Projects
Batliboi Ltd.
Mumbai
09.2003 - 01.2005
- Managed HVAC project installation for greenfield hospital, leading installation and commissioning of HVAC systems across multiple capacities.
- Coordinated with government agencies to ensure compliance with regulations.
Education
MBA – Executive - Operations And Finance
Symbiosis Institute of Business Management(SIBM)
Pune,India01.2022
B.E. - Mechanical Engineering
National Institute of Technology (NIT)
Surat,India07-2003
Skills
- Costing and DMC management
- Material cost reduction
- Value analysis and value engineering
- Vendor development
- Supplier contract negotiation
- Supplier relationship management
- Supply risk management
- Sourcing strategy formulation and execution
- Supplier evaluation
- Procurement excellence
- Project management
- People management
- Leadership
- Team coaching and mentoring
- Stakeholder collaboration and management
- Conflict Management
- Communicator
- MS Office/ERP
Languages
- Hindi
- English
- Hindi
Personal Information
- Passport Number: Y9576079
- Date of Birth: 01/01/79
Timeline
Sourcing Team Leader (General Manager)
Cummins India Ltd.
08.2017 - Current
Senior Manager – Purchasing
CNH Industrial (India) Pvt. Ltd.
12.2015 - 08.2017
Deputy Manager – Strategic Sourcing
VE Commercial Vehicles Ltd.
01.2011 - 12.2015
Deputy Manager – Integrated Material Cost Reduction (Strategic Sourcing)
Mahindra & Mahindra Ltd.
08.2008 - 01.2011
Executive – VAVE Program Management
Tata Johnson Controls Automotive Ltd.
02.2007 - 08.2008
Senior Engineer – Engineering and Production Development
Perfect Circle India Ltd.
01.2005 - 02.2007
Senior Engineer – Projects
Batliboi Ltd.
09.2003 - 01.2005
MBA – Executive - Operations And Finance
Symbiosis Institute of Business Management(SIBM)
B.E. - Mechanical Engineering
National Institute of Technology (NIT)