Parth Gagpalliwar

Sourcing Analyst - Npd @Terex Corporation

Seattle, WA, US

Genie)•Forecasted and managed Bill of Materials (BoM) costs, including tariff impacts, for new EV and Hybrid boom lifts by identifying key cost drivers and benchmarking against existing models. Achieved a 7% cost reduction through strategic sourcing optimization and tariff mitigation.•Led strategic sourcing initiatives for NPD, managing supplier selection, contract negotiations, and procurement of parts worth $14.8M. Conducted supplier issue resolution and optimized cost analytics ensure sourcing efficiency. •Developed the rapid prototyping process for NPD buyers and design engineers by sourcing suppliers with faster supply chains, collaborating on prototype development, and strengthening supplier relationships. •Spearheaded supplier lifecycle management, overseeing RFQs, contracts, order fulfillment, and optimizing procurement cycles, achieving a 27% efficiency gain.•Led cross-functional collaboration with Manufacturing teams to perform Make vs Buy Analysis for Steel fabricated weldments and electrical harness assemblies and achieved 6% cost down on EV machines.

MIT World Peace University

Bachelor of Technology - BTech, Mechanical Engineering

New York University

Master of Science - MS, Industrial Engineering