Lalit Bhagat

WORK HISTORY

EDUCATION

ABOUT LALIT BHAGAT

Decade of rich experience in, category management, have a proven track record of delivering substantial cost savings and achieving impactful results across diverse industries. At Philips India Ltd, I through Regionalisation, logistics optimisation, value engineering, Alternate source development and inventory reduction while effectively mitigating risks associated with business driven critical suppliers.My proficiency lies in strategic sourcing, supplier relationship management, implementing supply chain strategies like JIT, Vendor Managed Inventory (VMI) systems, and data-driven planning norms, all aimed at enhancing efficiency and ensuring material availability. I am in cross-functional collaboration, project management, and meticulous record-keeping.I am deeply committed to to support organizational growth. By fostering strong business relationships with teams and vendors, I consistently deliver value to stakeholders. My passion lies in leveraging my skills to streamline processes and enhance operational efficiency, contributing to the overall success of the organization. • Strategic Sourcing & Execution• Global Procurement & Sourcing• Demand Planning & Forecasting• Risk Management• Vendor Development• Inventory Management• Supply Chain & Procurement Strategies• System & Processes Design and Streamlining• Effective Negotiations• Master Data Management• Project Management• Lead-Time Improvement• Vendor Managed Inventory (VMI)• Cost Savings Projects• Vendor Assessment & Review• Value Engineering• ⁠Industry 4.0• ⁠Lean Methodologies • ⁠Supply Chain Transformation• Team Management Just in time/JIS, SMI/SMOI, PFEP (ABC), WCM, Kaizen, Six Sigma tools.