Nitesh Garg

About Nitesh Garg

The only person who is educated is the one who has learned how to learn and change “Carl RogersI am a procurement executive with 19+ years of experience in a multiple area.As Head of Procurement and Supply chain – My objective is to usher financial literacy. I believe in shortening the Cash conversion cycle so as to improve ROI. I directly influence the Days payable and Inventory days. My key role is to grow the business productivity, manage risk, strategy and people. I have a track record for successfully developing & implementing new and innovative Global Supply Chain strategies in medical and automotive domain. I have consistently driven results in every facet of business for advance development, NPI\'s, Life cycle management and sustenance. I can communicate at all levels of an organization and coalesce a team around a shared vision of success.Experience includes Purchasing, Global sourcing, Global supply chain operations (Commodity Management. Strategic sourcing, Supplier development/Quality, Procurement, New Product Development, Supplier consolidation, De-risking), Business transfer, supply chain risk identification and mitigation, supplier selection, and competition benchmarking, working with cross-cultural and cross-functional teams with a mix of virtual & co-located environment.As a speaker, I have spoken at events such UBS forums discussing about benefits of Cross Functional collaboration and team investment.Industry Exposure: Chemical recycling and polymers, Healthcare, Automotive & Tractor (off highway)Skills: Adaptability, Perseverance and Execution with GRIT Please reach out to me at g••••••••@gmail.com and +91••••••••50

Experience

1. General Manager Procurement

   Philips

   Apr 2022 — Present · Pune, IN

   Head procurement responsible for suppl chain optimization for coils business of around $100 MN spend.• Ensured TCO productivity of 22% while developing procurement strategy of around 100M$ • Defined the product cost maps with improved product performance ensuring optimized E2E TCO• Achieved cost savings of 5.2M$ through localization of plastics, foams, cables and PCBA’s of 21M$• Mitigated the production halt risk for 9 products in LCM by timely execution SCR’s• Reduced resource cost by 18% through right mapping at right time in right project • Optimized cash flow through adequate finance reporting of allocated expenses and budget• Established the automized closed loop supplier selection process for all new projects.• Mentored the team to execute the strategy to meet target through meaningful engagement.

Education

• Indian Institute of Management, Indore

  PGCPM, Management

  2009 — 2010

• Indian Institute of Management, Indore

  Master's Degree, Business Administration and Management, General

  2009 — 2010

• Indian Institute of Management, Calcutta

  Diploma, Supply Chain of Tomorrow

• APICS

  Basics of Supply Chain Management, Logistics, Materials, and Supply Chain Management

  2009 — 2009

• Motivational Pathway

  B.Tech, Mechanical

  2001 — 2005

• Indian Institute of Technology, Madras

  Modern day Inventory managemnet, Logistics, Materials, and Supply Chain Management

  2009 — 2009

• Indian Institute of Management, Calcutta

  Supply Chain Of tomorrow, Supply Chain

Skills

• Supply Chain
• Supplier Development
• Supply Management
• Lean Manufacturing
• Management
• Product Development
• Supplier Quality
• Negotiation
• Kaizen
• Business Intelligence,
• Supply Chain Management
• Automotive
• Strategic Sourcing
• Procurement
• Six Sigma
• Global Sourcing
• Manufacturing
• Strategy
• Marketing
• New Business Development
• Business Management
• Purchasing
• Supply Chain Optimization
• Ppap
• Sourcing