Shantkumar Jagadi

About Shantkumar Jagadi

Shantkumar is an accomplished and forward-thinking leader, renowned for his ability to drive strategic initiatives and serve as a catalyst for business development. With a proven track record as an agile team leader, he excels in fostering a dynamic work environment and guiding teams to handle conflict situations and adapt to evolving technologies, cost competitiveness, and dynamic customer demands. His expertise lies in procurement, distribution, and networking, where he consistently optimizes sourcing processes, achieves cost efficiencies, and navigates international trade dynamics. With a sharp focus on P&L management, margin analysis, and cost innovation, Shantkumar ensures positive gross margin (GM) and EBITDA, contributing to overall profitability. His proficiency in procurement enables him to deliver exceptional results across diverse industries, including Consumer Electronics, Big Appliances, Small Appliances, Lighting, Lum, Manufacturing, and operations, driving sustained business growth. Shantkumar possesses a comprehensive understanding of end-to-end supply chain management, encompassing demand planning, strategic sourcing, vendor management, international sourcing, ODM and JDM business models, risk assessment, inbound/outbound logistics, and cost optimization. His expertise extends to warehouse management, lead time reduction, and risk mitigation, ensuring seamless operations and cost optimization aligned with business needs. With a history of successfully leading enterprise-level initiatives and cross-functional teams, Shantkumar excels in strategy development, engagement, execution, fulfillment, change management, and communications. His strong interpersonal skills and effective communication enable him to collaborate with stakeholders at all levels, both internally and externally. He is self-motivated, independent, and possesses strong analytical and reporting skills, enabling him to solve complex problems efficiently. Additionally, Shantkumar supports the development and enhancement of systems and processes to meet costing requirements and improve overall costing performance. He offers specific recommendations on material specification changes to achieve cost savings and maintains strong relationships with suppliers while actively seeking new supplier partnerships. With exceptional project management skills, he plans, prioritizes work, meets deadlines, and monitors budgets effectively. Best practices in manufacturing, sourcing, vendor management, Quality and ensuring excellence and continuous improvement throughout the organization.

Experience

1. Senior Vice President Supply Chain

   Polycab India Limited

   Jun 2023 — Present · IN

   Key Responsibilities and Achievements: Strategic Procurement Leadership: Driving end-to-end procurement operations for the FMEG vertical, serving as a catalyst for innovation and growth across diverse sectors including Lighting (B2C and B2B), Fans, Appliances, Smart Solutions, Pumps, Switches, and Switch Gears. Applying agile methodologies and innovative procurement strategies to outperform competitors, ensuring consistent material flow. VM and Strategic Sourcing: Expertly managing vendor relationships and spearheading strategic sourcing initiatives, ensuring uninterrupted product availability. Implemented VAVE tactics and Costovation strategies, leading to the strategic selection of suppliers, significant reductions in BOM costs, and heightened manufacturing excellence. These initiatives resulted in seamless product launches and substantial improvements in gross margins. Financial Excellence and Profit Optimization: Proficiently managing the P&L, optimizing gross margins, and introducing pioneering cost-saving measures. Maximizing profitability through meticulous sales planning, product mix alignment, and the introduction of innovative offerings. Successfully achieved a remarkable 25% improvement in gross margins by implementing targeted cost reduction initiatives and strategically introducing new products to the market. QA and Vendor Development: Elevating product quality standards through astute cost-effective practices and an extensive vendor development program. Devised vendor pool strategies based on R&R Theory, leading to enhanced product reliability and a substantial 42% reduction in RMA cases. Operational Excellence: Implemented cutting-edge data analytics tools to identify and mitigate supply chain risks, culminating in reduced lead times and enhanced supplier performance. Streamlined procurement processes and provided visionary leadership to strategize and operationalize business plans globally. Created and executed annual business plans and strategies.

Education

• PDA Engg College, Gulbarga

  BE (Mech)

  1994 — 1994

• Symbiosis Institute of Management Studies

  Master of Business Administration - MBA, Operations Management and Supervision

  2007 — 2009