Venkatesh Prasad

STRATEGIC SOURCING/PROCUREMENT/SUPPLY CHAIN PROFESSIONAL

ad01a8@r.postjobfree.com, C# 802-***-**** H# 802-***-****, Edmond, OK I am a professional in global sourcing, procurement and supply chain management. I have 24 years + experience in manufacturing, consulting, distribution and retail industries.

Managed over $ 200MM in spend in manufacturing and $500 MM in consulting position on various kinds of commodities, direct & indirect materials, capital equipment’s, Primary and secondary packaging, MRO, Individual capital projects range from $ 100K $25MM in spend of each project, various kinds professional services. Managed 6 to 10 plants situated in different countries and managed a team from 4 to 10 people in sourcing, purchasing & supply chain across different countries. I am very strong and aggressive in strategic sourcing to reduce total ownership cost, risk reduction on major commodities, improve supplier relationship, acquisitions process, assurance of optimal supply, on time delivery, improve payment terms, quality & service, forecasting, productivity and reducing of inventory carrying cost, freight cost, lead time, non-value-added activities in whole supply chain and in production. Develop short- and long-term plans by analyzing spend data, Benchmark and review specific spend Commodity and categories for cost savings opportunities, through centralized purchasing wherever necessary, consolidation of supplier base, sku’s, Value engineering/Value analysis, Make/Buy analysis, process improvement, Contract management. co-manufacturers and co-packers.

• EDUCATION

Master of Commerce, Karnataka University, India 1991

Bachelor of Commerce, Bangalore University, India 1984

• PROFESSIONAL CREDENTIALS

Certified Purchase Manager (C.P.M.) from Institute for Supply Management, USA 2007

Post Graduate Diploma in Materials Management from IIMM, India 1988

• SOFTWARE SKILLS

Operating Systems: Windows

Office Productivity: MS Office, MS Outlook, Lotus Notes, Procure-to-Pay.

ERP Software: AS 400, SAP, BAAN, EPICOR & R4

• PROFESSIONAL TRAINING & MEMBERSHIP

Lean training 101, 5S

Member of Institute for Supply Management (ISM)

• PROFESIONAL EXPERIENCE

Parallel Investment Partners, Virginia Beach, VA. 01/2017 to Till Date Director Strategic Sourcing-Supply Chain (Consulting) For Auto and Aviation parts manufacturing, retail and distribution industries in the areas of sourcing, purchasing, supply chain and warehouse management. Focus on strategic sourcing to reduce total ownership cost, risk reduction on major commodities, improve the acquisitions process, assurance of optimal supply, on time delivery, fare price, quality, Protect intellectual property, drawings, specifications, confidential information’s, tools and molds ownership.

Increasing of supplier relationship, profit by 2%, EBIT ratio by 3%, productivity by 2.5%, payment terms for 45 suppliers.

Reduced inventory carrying cost by $5M, freight cost by 8%, lead time 1 week – 3 weeks, non-value-added activities in whole supply chain and in production.

Monitor commodity price index to reduce risk, avoidance of price increases.

Working with internal key stakeholders right from finance, production, quality, R & D, sales, marketing, purchasing, supply chain & customer service members during value engineering/value analysis, product qualifications & supply base selection projects.

Developing metrics and KPIs to monitor supplier performance stability and monitor potential risks: On time delivery, quality & service to measure to get quality products on timely basis with competitive price.

Initiating and conducting RFP/RFI process through Ariba.

Support New product development from start to finish

Research new materials and potential new suppliers & contract Manufacturers, select and qualified them as a source by evaluating: suppliers' capabilities with regard to quality, production capacity, technology, service, cost competitiveness, financial strengths, geographical location and their commitment by visiting to their facilities. Phoenix Packaging Operation, Dublin, VA, 9/2015 to 10/2016 Procurement Manager (Mfg of Packaging materials for food, liquid and cereal products) Responsible for US$100M + annual spend comprising of various kinds of resins, K-resin, EVOH, liquid adhesive, color, all kinds of primary and secondary packaging materials, raw materials, capital equipment’s (Injection, Thermoform, packaging, air compressors, Chillers, grinders, various kinds of services and MRO supplies. Sourced from Asia, Europe, North American and domestic markets. Managing a team of 4 people in supply chain management. Responsibilities: directly for 2 plants, Right from Materials planning, Sourcing, Receiving, Inventory management, logistics (freight domestic & International) and lead continuous improvement and cost reduction projects. Also, responsible on special projects for 5 plants (USA, Mexico & Columbia).

Saved organization’s total procurement cost of materials by 20%-55% against present prices.

Projected savings $8M on various commodities, and realized cost savings more than $ 800,000 +

Projects worked on plant expansions on capital, services, plant equipment installation for 2 plants for $ 3M in spend

Initiating and conducting RFP/RFI process through Ariba.

Worked on Private label projects for Nature’s Bounty Vitamin/Minerals plastic & glass bottles and closures.

Negotiated contracts and executed on various commodities, the spend varies from $ 1M to $ 6M

Implemented SIOP system sourcing from global market, total ownership cost model, various kinds inventory programs, P to P process, consolidation of freight, volume, commodities across multiple units/plants.

Diligently monitoring/tracking commodities price, risk management and negotiate contracts and future requirements for continuous supply, reduce price increases, reduce inventory and increase on time delivery.

Implemented VMI/ Consignment system for MRO supplies for worth of $ 1M across 2 plants Parallel Investment Partners, Virginia Beach, VA

Consulting: Strategic Sourcing and Supply Chain Management 2/2009 to 2/2012 & 4/2013 to 9/2015 Food Equipment & food packaging manufacturing industries: Auto & Aviation Parts, Responsible for $140M-$150M spend annual basis comprising various commodities for 5 plants in different countries. All kinds of Resins, adhesive, EVOH, raw materials, various kinds of commodities: rubber, glass, plastics, electrical and electronics products, capital equipment’s, all kinds of primary and secondary packaging, indirect materials, services & MRO supplies. Product development, modification of specifications for existing products or substitute materials for contingency plan and for cost reduction. Sourcing globally, supporting 5 plants situated in different countries. Lead projects focusing on flawless launch, APQP, PPAP, and first-time-right quality on new product launches.

Sourced various kinds of glass components: windshield. Door windows, bottles, bowel, containers.

Saved/ realized savings more than $ 500K on various projects (projected savings around $9M)

Consignment/VMI system implemented for worth of $4M on packaging, $5M on raw materials

Sourced products as per SAR/DFARS regulations.

Change management on traditional purchasing to strategic sourcing and purchasing, centralized purchasing, SIOP, Sourcing from global market, total ownership cost model, various kinds inventory programs, P to P process, consolidation of freight, volume, commodities across multiple units/plants.

Suggested and worked with key partners to save 9%-14% savings on key raw materials

Negotiated payment terms from top 18 suppliers from 30-45 days to 2%-20 Net 60 days.

Developed Spend analysis report, Inventory and usage reports to categories and commodities for better visibility of spend

Reduced freight cost by 25%-30% on international & national freight cost Carlisle Foodservice Products Inc., Oklahoma City, OK, Director of Global Strategic Sourcing 03/2012-03/2013 Responsible for $175M- $180M spend comprising of direct, indirect, services, capital raw materials, glass containers, window glass for food bars, packaging, freight and MRO supplies. Strategic sourcing for 4 plants in the US, one in Mexico & Europe and 4 distribution centers in the US. Also, reducing Total ownership cost for all sourced materials & services. Execution of contracts and monitor/maintaining supplier’s scorecard (KPI's). I was Hedging, monitoring market prices for various commodities. Participated in new product development, modification of specifications for existing products or substitute materials to find alternative items.

Saved around $4.2M (+ projected savings $1.2M) in various commodities procurement & freight cost.

Implemented VMI/Consignment system for worth of $35M in spend.

Implemented SIOP process, centralized purchasing, Sourcing from global market, total ownership cost model, various kinds inventory programs, P to P process, consolidation of freight, volume, commodities across multiple units/plants.

Initiating and conducting RFP/RFI process through Ariba.

Negotiated payment terms on top 45 suppliers from 45 days to 2%-20 Net 60 days. Improved PPV variations by 1%

Reduced freight cost on both national and international by 8%

Awarded contracts ranging from $200K to $12M for various commodities-long term as well as short term contracts.

Worked on alternative material on certain resins and projected $1million in savings

Reduced invoice processing of major commodities from 2000-2500 invoices to one invoice for a month through consignment

Increased inventory accuracy to 97% -98% by implementing proper cycle count (ABC analysis)

Implemented vendor performance score card and increased vendor relationship.

Lead continuous improvement projects including supplier performance, cost reductions 5%-15%, lead-time reduction from 90-150 days to 30-45 days, and quality enhancements.

Lead a team of 4 people directly, indirectly nearly 8 people from various plants. Deluxe Corporation, Groton, MA 04/23/2007 – 01/01/2009 Strategic Sourcing Senior Buyer-Corporate (MFG of Printing Materials & Checks) Responsible for $ 60 M in spend on raw materials, various packaging, equipment’s and MRO. Strategic sourcing, forecasting and planning all kinds of packaging, sheeted stock, MRO materials. Worked with all internal key partners, Sourced from domestic and international markets for 7 plants plus major 2 distribution warehouses across US and Canada. Reduced Total cost of ownership. Monitored supplier Scorecards. Managed obsolete, slow-moving inventory. Participated in development of new products, specifications for existing products, substitute materials. Lead continuous improvement projects including supplier performance, cost reduction projects.

Saved around $3.2M in various commodities.

Negotiated Contract terms, price, payment/credit terms and service levels ensuring on time delivery and quality products at lowest total cost, after reviewing (RFP/RFI) tenders/quotations.

Reduced waste by 30%-50% by changing size of the material through Supplier lean collaboration.

Reduced MRO suppliers to 7 from 16 suppliers, managed spend $ 8M across 7 plants

Reduced 18 suppliers through Supplier consolidation reduce purchasing operating cost and to build leverage purchasing volume.

Developed/managed partnering with internal stakeholders and lead/participate in cross-functional teams.

Reduced inventory $0.5M of raw materials and most packaging materials by implementing “VMI” system.

Reduced national freight cost nearly US $200K

Reduced 22% of obsolete, over stocking, slow and non-moving items.

Increased inventory turns to 24 times per year on major sheeted stock, packaging materials

Worked with lean and Value stream team reducing waste 5%-33% and improving productivity by 6%

Worked on New product development and launching of new items in the market in 30-45 days. Seville Products Ltd., Dubai, U.A. E 05/1997– 01/2007 Purchasing Manager-Strategic Sourcing – Logistics-Materials Management- Manufacturer of industrial chocolate, bar chocolate, confectionery, cake, pasta, snacks, ice cream, juice and Soap. The Serendipity Apparels Ltd., (Arvind Mills), Bangalore, India 07/1986- 04/1997 Purchasing Officer

Materials-Logistics Management, (Manufacturer of Garments Jeans trousers, shirts, T shirts and hosiery- Flying Machine, Lee, Arrow & New Port)

Achievements and highlights of major responsibilities in Sourcing, Procurement and supply Chain Management

Managed $ 200M to $500M in spend on direct, indirect materials, services, primary and secondary packaging, MRO.

Capital Projects spend range from $ 100K to $ 25M of each project

Analysed spend data, categorize in to different commodity category details to identify cost reduction initiatives.

strategic sourcing (using 7 steps): reduction of total ownership cost, risk reduction on major commodities, improve the acquisitions process, assurance of optimal supply, on time delivery, fare price, quality, protect intellectual property, confidential information’s, tools and molds ownership.

Developed Master contracts & Insurance the spend varies from $100K to $25M by coordinating with legal department.

Worked with legal to incorporate all commercial terms & conditions like: length of the contract, price, payment terms, quality & on time delivery requirements, KPI’s, penalty, rebate ratio, termination clause, commodity price index monitor, % of raw material, price increase terms, inventory carrying terms, support NPD, confidential & non-disclosure agreements etc., in the contract.

Managed 2000 to 5000 SKU’s, 4 distribution centres and 10 plants across different countries.

Increased supplier relationship, profit, EBIT ratio, productivity, payment terms

Managing End to End supply chain for all products to reduction of inventory carrying cost, freight cost, lead time, non-value-added activities in whole supply chain and in production.

Supported NPD in researching new materials and potential new suppliers & contract Manufacturers, select and qualifying them as a source by evaluating and visiting to their facilities. Also, recyclable and biodegradable materials.

Developed the processes, strategy and structure to create a strong and effective Supplier and Contract Manufacturing supply base to ensure the company gets the best-in-class supplier base and products.

Created tools and cost savings processes to optimize performance of the supply base by implementing KPI’s to measure and to get quality products on timely basis.

Implemented SIOP process to increase on time delivery, optimize productivity, reducing of inventory carrying cost

Sourced products from domestic & international markets: Far East, Asian countries, Europe, South Korea and Middle East and North America USA, Canada, Mexico & Latin America

Heading the sourcing, procurement & supply chain department and leading a team of 4-10 people directly, indirectly 6-8 people in plants situated in different countries.

Sourced and managed Freight forwarders on sea, Air and land transport shipments.

Sourced equipment’s like: Medical surgical parts, Packaging, injection moulding, thermoform, extrusion, food processing, conveyers, forklift, wracking system, plant & warehouse construction, electrical transformers, gearbox, central vacuum system, compressors, pumps, blowers, silos, day bin, portable offices, mezzanine floor, chillers, security systems, trucks, vehicles, office equipment’s etc.,

Sourced commodities like Resins: PC, PP, HDPE, LDPE, PET, PVC, SAN, ABS, HIPS, Duradex,PS, EVOH, Tie layer, Food raw materials & Commodities, stainless steel, aluminium, copper, casting products, food products Primary packaging materials: Flexible film, shrink film, aluminium lidding film, stretch film, Secondary packaging: Paper, corrugate box, plastic corrugate box, bins, gaylords, containers, tots, clam shell, honey comb box, Styrofoam bins, duplex & set up boxes, point of sale displays, floor graphics, signage, printing materials Electrical and Electronics products: PCB, PCBA, Electrical and Electronics harness, computer display screen, touch screen, memory card, RFID, Scanners, hard drives.

Auto & Aviation parts: Fabricated, casting, foundry, moulded rubbers, durometer, glass, plastic parts

Sourced services like: corporate travel, hotel, Air transport, rental cars, insurance, credit card, Indirect materials, MRO supplies, professional services

Sourced commodities like: Injection moulding, thermoforming, clamp shell, blow moulding, Extrusion, Foundry, casting, fabrication, stamping, precision, PCBA Mfg, Moulding, roto gravure printing, flexo ( flat bed & cylinder), offset, screen printing, digital printing,

Monitored various commodity price index to negotiate effectively, reducing risk, avoidance of price increases.

Saved minimum of $3M & maximum of $9M on various projects and in different industries.

Implemented consignment/VMI system for worth of $ 30M of raw materials, $ 6M of packaging materials and nearly $ 1M MRO and supplies.

Worked on different ERP systems like: BAAN, SAP, EPICOR and R4. I was the key user and custodian of item and supplier master and developed various reports by working with IT, ARIBA for sourcing process.

Worked on value engineering, value analysis projects to reduce wastage, improve quality, functionality of products

Worked on lean, Kaizen & continuous improvement projects to improve productivity, reduction of non-value-added activities, stream line the process.

Exposure and worked across three different countries (India, Dubai & USA), highly adaptable and culturally tolerant

Worked in Garments, Food Manufacturing & Distribution, Medical, Packaging, aviation, Auto- Heavy truck Ind., restaurant Food products manufacturing and consulting industries.

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