Hemant Parab
Vice President - Vendor Management at J.P. Morgan
- Role
- Vice President - Vendor Management at J.P. Morgan
- Location
- Mumbai, IN
- LinkedIn followers
- 500 followers
About Hemant Parab
Over 25+ years of sourcing experience across global regions assisting major multinational corporations to substantially reduce costs and improve procurement capability and efficiency. Led offshore team providing ‘end-to-end’ outsourced managed services (sourcing, category and demand management) to a multiband ‘big 4’ Australian bank managing $0.6B in spend across categories, including: Contingent labour, training, consulting services, fleet, records management, travel, and office suppliers. Directed “Source to Pay” implementation for client providing single tool to manage sourcing events, vendor risk assessment, contract compliance & management Managed freight & courier sourcing project for major UK bank delivering savings over 2x the high-end estimate with supplier standardisation & rationalisation. Led a project to increase managed spend penetration from 35% to 85% by integrating & building collaborative partnerships with different teams, within & outside own organization, furthermore increasing compliance to 100% Conducted company wide diagnostic and reduced $4M (10% of addressable spend) in non-IT, general and administrative spend during critical time of industry downturn. Industry Experience:* Banking & Financial services * Flavours & Fragrance * Speciality Chemical * Plastic * Pharmaceuticals * Manufacturing Areas of Expertise:* Service Delivery * Procurement diagnostic * Strategic Sourcing * Contract Mgt. Category Experience * IT * HR- Professional Services & Consultancy * Travel & Accommodation * Facilities Mgt.* Freight/Couriers * Outsourcing
Experience
Vice President - Vendor Management
Aug 2018 — Present · Mumbai, IN
Education
Jamnalal Bajaj Institute of Management (JBIMS)
Master's degree
2007 — 2010
Jamnalal Bajaj Institute of Management Studies (JBIMS)
Masters of Marketing Management
2007 — 2010
University of Mumbai
BSc (Chem)
1992 — 1997
Indian Institute of Management Raipur
Senior Management Program
2022 — 2023
Jamnalal Bajaj Institute of Management Studies
MMM
2007 — 2010
Indian Institute of Materials Management
Graduate Diploma
2004 — 2006
Mumbai University
Batchlor of Science
1992 — 1997
Skills
- Operations Management
- Key Account Management
- Procure-to-Pay
- Procurement
- Team Management
- Analytics
- Contract Management
- Vendor Management
- Product Development
- Supply Chain
- Sourcing
- Negotiation
- Manufacturing
- Strategic Sourcing
- Strategy
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