Pradeep Arora
Project Cost Manger - Vehicle Cost Management @Renault Nissan Mitsubishi Alliance, India
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WORK HISTORY
Project Cost Manger - Vehicle Cost Management @Renault Nissan Mitsubishi Alliance, India
Chennai, IN
Responsible for overseeing the cost aspects of project, including budgeting, forecasting, cost tracking, and variance analysis. Working closely with project teams (ENGG, Costing and Purchase), suppliers, and stakeholders to ensure project costs are well-managed and aligned with the Project budget.Cost Tracking and Analysis- Monitor project expenditures, track actual costs versus budget, and report on cost performance- Conduct regular variance analysis to identify cost deviations and recommend corrective actions.Cost Optimization- Work with project managers and engineers to identify opportunities for cost reduction and efficiency improvements- Develop and implement strategies for cost savings- Evaluate supplier quotes and negotiate with vendors.Financial Reporting and Forecasting- Prepare and present regular financial reports, including cost performance metrics and forecasts- Conduct monthly, quarterly, and annual project cost reviews and provide insights on financial evolutions- Prepare forecasts and financial projections, adjusting them as necessary to reflect changes in project scope and timelines.Risk Management- Identify potential financial risks and implement mitigation strategies to minimize cost overruns- Conduct risk assessments and work with project teams to develop contingency plans- Monitor and manage financial risks throughout the project lifecycle.Stakeholder Collaboration- Collaborate with project managers, engineers, and supply chain teams to align project costs with business objectives- Engage with internal and external stakeholders, to ensure accurate cost estimations and agreements- Provide cost-related guidance and support to project teams to enable effective decision-making.Cost Control Systems- Implement and maintain cost control systems to ensure accurate tracking and reporting of project costs.
EDUCATION
Kumaun University, Nainital
B.Sc, Physics, Chemistry & Mathematics (PCM)
Rani Durgavati Vishwavidyalaya, Jabalpur
PGDMM, Logistics, Materials, and Supply Chain Management
Indian Institute of Technology, Delhi
CEP, CPPM, Project Management
ABOUT PRADEEP ARORA
Experience in various perimeters of SCM.1. LOGISTICS & SUPPLY CHAIN MANAGEMENT: Streamlining Distribution networks to ensure on-time product movement. Ensure cost effective operations across the distribution channel. Logistics operational Planning, Fleet Mobilization, Route engineering, Freight negotiation & Logistics service procurement.2. DC / WAREHOUSE MANAGEMENT: Ensuring safe keeping of products/SKUs, maintain desired inventory levels, fulfilling statutory audit requirements, OTD to customers, reverse logistics, warehouse / fulfilment centre resource management / budgeting, implementation and enhancement of internal processes and standards management.3. VENDOR MANAGEMENT: Ensuring availability of logistics services from LSP throughout business cycle. Logistics Service Provider / Third Party Logistics performance monitoring and corrective actions. QUALITY MANAGEMENT: Elimination of waste processes for optimization / improve cost of operation by using six sigma techniques. Setting up internal processes and standards with the objective of effective quality processes.5. PROJECT MANAGEMENT: To analyze and produce optimized logistics cost and opportunities at different project milestones to support Project leader to define and achieve project budget. Proven expertise in transforming the end to end value chain in a complex environment.6. STRATEGIC COST REDUCTION: Implementation of Lean concepts on overall Logistics value chain for optimizing Total Delivered Cost (TDC).7. CUSTOMER MANAGEMENT: Ability to build relationships with external entities with controls on timelines, cost and returns. Maintains the highest standards of customer service. Ensure timely services to both Internal and external customers.8. INFORMATION MANAGEMENT: Exposure to advanced analytics/optimization techniques and experience in data analytics tools like SQL, Python and R. Skills on a visualization tools like Power BI, Tableau. Ability to design Digital solutions, simulation, modelling, story telling, SharePoint, Power Apps to address business problems. TEAM MANAGEMENT: Effective staffing, identifying trainings, coaching, mentoring, to ensure a highly motivated and efficient team. Succession planning, capability development, enablement & engagement, and control attrition. Assigning OKRs, enhancement of team performance, productivity, and morale.10. BUSINESS DEVELOPMENT & EXCELLENCE: Develop knowledge of industry wide services. Center of Excellence (CoE) development. Ability to work in a changing and uncertain environment, with an entrepreneurial approach.
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