Rakesh Bingi
Planning and Sourcing of suit/Jacket/Trouser category
- Role
- Sourcing Manager at Raymond Limited
- Location
- Mumbai, MH, IN
- LinkedIn followers
- 500 followers
About Rakesh Bingi
An Apparel/Fashion/Fabric Industry professional with 14 years of experience in Business…
Experience
Sourcing Manager
Sep 2022 — Present · IN
Raymond Ltd. Co Manager (Planning & Sourcing)Sep 2022 -till dated• Responsible for managing the overall product development and sourcing of around 200Cr per annum for Suit/Jacket/Trouser category.• Responsible for achieving the Margin% by reducing COGs through new product development and efficient supply chain.• Responsible for delivering category OTIF & Fill rate. Increased the OTIF to 92% in FY23 from 65% in previous year.• Handling delivery of Fabric, Trims, Labels and other packaging material for production• Responsible for COGS to MRP ratio and have achieved required targets season after season by understanding channel and market requirement for better gross margin.• Responsible for sustaining consistent vendor performance which gives reliability and flexibility factor in accommodating business demand to fill gaps in range and helps in achieving desired quality and reduction in customer complaints.• Designed Category wise production plan for entire season and ensuring timely deliveries by managing activities through season calendar and production tracker. Category OTIF is more than 85% every season.• Looking after the Tade -show sample connectivity on time & Mill week follows up with vendors.• Looking after the Monthly PPD vendor performance & Debit recovery report.• Responsible for Quality & Testing of Product, Fabric & Trims • Visit to West zone factories weekly for smooth production.
Education
SASMIRAS INSTITUTE OF MANAGEMENT STUDIES AND RESEARCH
Diploma in man made textile technolog
2005 — 2008
Jamnalal Bajaj Institute of Management Studies
Master of Business Administration - MBA
2013 — 2016
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