Hemant Parab
Vice President - Vendor Management @J.P. Morgan
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WORK HISTORY
Vice President - Vendor Management @J.P. Morgan
Mumbai, IN
EDUCATION
Jamnalal Bajaj Institute of Management (JBIMS)
Master's degree
Jamnalal Bajaj Institute of Management Studies (JBIMS)
Masters of Marketing Management
University of Mumbai
BSc (Chem)
Indian Institute of Management Raipur
Senior Management Program
Jamnalal Bajaj Institute of Management Studies
MMM
Indian Institute of Materials Management
Graduate Diploma
Mumbai University
Batchlor of Science
SKILLS
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
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