Akshay Bhoyar

Category Focus: Casting, Sheet Metal & Fasteners - 660 Crs ($ 77.65 millions). 1. Leading procurement and strategic sourcing for Casting, Sheet metal, and Fastener categories. 2. Developed a comprehensive sourcing strategy for the Casting category, optimizing the supplier base to enhance quality, reduce costs, and improve lead times. 3. Lead Development of Quotation Strategy of RFQ for new Projects to reduce Development time. 4. Ensure Capacity planning as per production requirement. 5. Leveraging analytical skills and negotiation experience to identify cost-saving opportunities, and supplier development in new commodity areas. 6. Demonstrating adaptability and eagerness to expand knowledge in casting and metal components procurement.

Category Focus: Electronics- Semiconductors, PCB. 1. Developed and deployed contract pricing across Domestic and Global sites covering a base spend of 600 Crores ($ 70.59 Million). 2. Executed annual supplier negotiations: price amendments, payment terms, and Incoterms. 3. Formulated and implemented SKU-level sourcing strategies. 4. Led spend analytics to drive procurement decisions. 4. Partnered with BD for managing component price escalations. 5. Rolled out cost-saving initiatives with measurable impact. 6. Ensured zero line stoppages by managing capacity constraints and supply continuity. 7. Managed PO creation and POAM compliance per business demand. 8. Led supplier base rationalization to optimize vendor portfolio. 9. Optimized inventory levels and mitigated shortages/excess stock by leveraging CFT collaboration to integrate surplus parts into new designs, proposing alternates for existing BOMs, and executing open market liquidation via supplier negotiations. Achievements: 1) Successfully negotiated and finalized global contract pricing, achieving ~2% annual cost savings of 10 crores ($ 1.17 Millions) through strategic sourcing, volume consolidation, alternate sourcing, and market benchmarking—directly contributing to margin improvement. 2) Successfully liquidated ₹12.26 Cr ($ 1.44 Million) of non-moving inventory, achieving 39% liquidation against a 20% target, thereby unlocking significant working capital and improving warehouse utilization.

1. Released monthly supplier schedules based on customer demand forecasts. 2. Maintained minimum inventory coverage to ensure uninterrupted supply. 3. Executed pull-in/push-out strategies to manage demand volatility. 4. Monitored schedule compliance for supplier performance rating. 5. Coordinated with R&D for BOM commonization and alternate part approvals. 6. Ensure Monthly MRP run for procurement and production planning. 7. Led SAP improvement projects to optimize procurement workflows. 8. Managed online procurement of critical items to avert line stoppages. 9. Created supplier evaluation reports to analyze and address demand-supply gaps. Achievements: During Covid 19, Semiconductor industry was disrupted, and all the supplies of the critical parts like ICs, Mosfets were disrupted. Further Semiconductor manufacturers pushed the open orders & provided no delivery commits. Our Royal Enfield production lines were down due to unavailability of Toshiba 26V mosfet which was nowhere available in India. Changing the product design was not an option, so I started searching for Vendors in Chinese markets and floating RFQ to them for this part. I got the NDA, GPA signed and on-boarded the potential supplier. To ensure the parts were authentic, I got the parts tested in the Testing Laboratory and then upon authentication, I received the Parts in India factory. It was due to this effort that our Royal Enfield lines were running smooth during COVID-19.

1) Led the Implementation of the MRP and contributed to cross-functional process improvements, enhancing operational efficiency and data accuracy. 2) Work on Standardization of Bill of Materials.