Vaibhav Wankhede

About Vaibhav Wankhede

11+ years of experience in handling end to end Strategic and Opex Sourcing projects, Procurement, Spend analysis and Spend saving opportunity identification.• RFX drafting, Market Intelligence and Research, Techno-Commercial evaluation, Building Negotiation strategy, Contract- Drafting, Negotiation, Management and Compliance, Vendor Development, Stakeholder and Supplier Management.• Working with Cross Functional team to foster the Continuous Improvement for Business Improvement.• Develop & build a reliable – world class supplier base for business requirement. • Spend & Supplier Rationalization to reduce the non-active suppliers and optimize supplier potential.• Identify, develop and managing of existing suppliers’ contract and developing new strategic supplier’s contract. • Evaluating supplier core competencies and competitive positioning using industry cost models and bench-marking analysis.• Supplier performance evaluation against KPI’s, monitoring supplier business health, identify risk and mitigation.• Responsible for high quality deployment by placing standards- Pre & Post shipment Inspection.• Performing supplier site visit for their Capacity & Capability study to meet increasing production need to of Eaton.• Alternate source development for operation critical items• Implements change management strategies within designated business units to increase utilization of best practices sourcing and procurement solutions.• Ensuring the Federal, State & Local law of country is respected and adhered in project execution.• Monthly Cost Saving MIS reporting to Global Category Manger & key business stakeholders.• Stakeholder, Supplier relationship & Escalation management. • Skilled to drive End to End Sourcing through- i-Source, SAP Ariba.• Proficient in building the interactive dashboard in Power-BI, Tableau & Excel.• Expert & have rich experience on Spend categorization & model training through Artificial-Intelligence (AI) tools- Zycus Autoclass, GEP Global eProcure, Infosys Procurement insight & Eaton supplier insight• Expertise on handling Artificial-Intelligence (AI) graphical tools to analyze complex data to slice and dice of information i-Analyze, i-contract.

Experience

1. Capex Category Lead

   Eaton

   Jan 2019 — Present · Pune, IN

   Category Management:• Development, deployment and execution of the category strategies to gain optimal cost (TCO) and conditions (Good Quality, On Time Delivery, Acceptance test & After sale support) innovation and sustainability.• Align category strategy to meet Eaton’s business goal; Sustainability, Digital Supply Chain & Industry 4.0 initiatives in project• Engage with business unit for annual Zero-based budget preparation as per asset report & volume forecast. Consolidate business unit wise procurement plan, mapping it to dashboard and build strategy. • Distributing the complete spend & volume per Kraljic Matrix to have right decision in place. • Vendor development- Gauge Technological advancement, Operation capability to avoid supply disruption.• Responsible for placing a plan to accommodate maximum Eaton’s manufactured product to be used in sourcing projects and keep a track of % spend to total purchase.• Identify Non-Catalogue items purchased frequently and turn into catalogue for potential opportunity.Strategic Sourcing• Driving end to end Strategic Sourcing projects & support for New product development initiative. • Identify potential suppliers from Best Cost Countries (BCC) to leverage the emerging market landscape.• Market research to know Technological development, Supply-Demand pattern understanding, Price benchmarking.• Building robust evaluation model covering technical, operational & supply chain key metrics to weight the supplier proposal for 360-degree review.• Building fact-based negotiation strategy by performing industry & supplier analysis, benchmarking, past business information gathering, cost-structure analysis.• Capable of using eSourcing tools to preform: eRFX, reverse auctions and Ariba contract management tools, Docusign for E-Signing.• Maintaining supplier database and their capital offering information which aid in the solicitation process and reducing sourcing cycle time.

Education

• Post Graduation Diploma In supply Chain Management

  Master of Business Administration - MBA, Logistics, Materials, and Supply Chain Management

• PAD DR D.Y Patil Institute of Engineering & Technology

  Bachelor of Engineering (B.E.), Electrical and Electronics Engineering

  2006 — 2010

Skills

• Procurement
• Supply Chain Management
• Strategic Sourcing
• Requirements Analysis
• Team Management
• E-Procurement
• Spend Analysis
• Business Analysis
• • Efficiently Analysing the Supply Chain,Procurement and Sourcing Process.
• Vendor Management
• Sql