Parikshit Zinge

About Parikshit Zinge

Sourcing & Commodity Management Visionary; 22+ years of rich global experience in steering ROI driven Strategies, S & OPs for Cost-Effective, Right-Quality Procurement / Sourcing of a range of Commodities – MIM, Investment /Centrifugal/ Sand Castings, Forgings (Hot & Cold), Stamping, Hardware, Sheet Metals, Precision Machining Parts, to effectively meet production plans, customer & market demands Stellar in high-profile Supplier QA/ QC, SCM Leadership Roles: I bring to the table documented success in building Lean Supply Chains entailing Demand vs. Supply Planning, Sourcing, Procurement, Vendor Development, Inventory Control, Warehousing, and Logistics. Made High-Stake Purchase Decisions, oversaw Supplier Quality & Performance Monitoring for India & Europe, and meeting of 100% QCDA NormsKey Driver to Change: I have led Multiple Process Improvement/Automation, VA/VE, VSM, Alternate Supplier Development/ Localization, Six Sigma, APQP, PPAP, FMEA, Kaizen, Lean, Problem-Solving - 8D, 5Why Initiatives, to help gain competitive advantage, increased operational efficiency, product, process & supplier quality, time, cost, and resource savingsKey Milestones: During my long-term career with Garret Advancing Motion (Honeywell), presently as Global Commodity Manager – Precision Components, Strengthened the Global Sourcing Panel, generated a Material Saving of 4.8 Mn USD in adverse situations like volume drop, high energy, material & logistics costs Promoted to Senior Positions and won the Prestigious Customer Excellence Award in FY 2023 from the CEO for reducing the quality issues at the customer end due to suppliers for the first time in Garrett\'s history. Managed all Techno-Commercial Activities like Budgeting, Bidding, RFQs / RFPs, Contracts, Supply Agreements, Quotations and Regulatory Compliances, with a key focus on Risk Mitigation, Top & Bottom-Line Profitability (P&L) Lead Engineering Oprn, NPD/ NPI Projects from scope to assembly line production and roll-out of best-in-class Products/ Components, which drove revenue growth and quick adoption in targeted customer segments Recognized by Seniors and Colleagues as a Top-Notch People Manager, Problem-Solver & Go-Getter, I have led and mentored teams with an equal desire to win. With a strong belief in the quote “Change is the Only Constant”, Some of my positives are the ability to multitask, manage challenging tasks/ supply disruptions, and deliver exemplary results. In my free time, I like reading, travelling and enjoying different cuisinesConnect with me at: p••••••••@yahoo.com

Experience

1. Global Commodity Manager

   Garrett - Advancing Motion

   Mar 2024 — Present · Pune, IN

   Sourcing Strategy: Formulating & implementing the Sourcing Strategy of Panel Suppliers, placing the Non-Productive Suppliers on Exit Strategy thereby making the sourcing panel lean & productive, delivering maximum value, and contributing to organsiations growth and success Supplier / Vendor Development: Identifying and developing a cost-effective supplier base for procurement, ensuring adequate supply of material and adherence to specifications, as per organizational requirements Techno-Commercials / Contracts: Negotiating with suppliers, evaluating quotations/RFPs/ RFQs, and finalizing contracts/ agreements with best terms and conditions, resulting in cost benefits for the company Budgets: Heading Budgeting, Forecasting, S & OPs, and Annual Purchase Plans, optimizing purchase spend/ costs by synchronizing demand with supply, managing non-moving / slow-moving SKUs, reducing SLOB inventory, and avoiding stock-out situations Team Leadership: Leading & mentoring Cross-Functional Team Members. Facilitating team hiring, onboarding, succession planning, career growth plans, training and coaching programs, empowering people to deliver their best.

Education

• Shri Sant Gajanan Maharaj College of Engineering, Shegaon, Amravati University

  B.E;, Mechanical Engineering

• Govt. Polytechnic

  Diploma In Mechanical Engineering, Mechanical Engineering