About
With 27 years of experience, I am a dynamic and target-oriented sourcing leader with expertise in Strategic Sourcing, Global Procurement, Vendor Development, New Product Development, Materials Management, and Project Management across several industries.
Proven experience managing vendor bases for cost-effective procurement of electromechanical, proprietary, sheet metal, plastic, and metallic commodities, ensuring smooth fulfillment of organizational needs.
With nearly three decades of experience, we specialize in vendor management and tool development.
Capable of connecting sourcing strategies with business goals, encouraging innovation in product development, and guaranteeing strong material management systems to promote growth and competitiveness.
Recognized for strategic thinking, negotiation skills, and cross-functional leadership, generating demonstrable results in global sourcing and procurement excellence.
Area of Expertise
Strong specialty in a wide range of commodities, including hand tools, power tool components, outdoor equipment, home appliances, and hardware. I have extensive experience in precision manufacturing, including die casting, plastic moulding, sheet metals, springs, and machining components. I have successfully implemented cost-effective procurement methods and established strong vendor relationships.
Responsible for contract negotiations, non-circumvent non-disclosure agreements, commercial terms, piece price cost for individual products and programs, raw material costs, component costs, tooling costs, and other deliverables.
Focused on new product development, working cross functionally from design conception, material selection, competitive RFQ process, to setting up the factory for pilot.
Consistently met sourcing targets with 3-5% reduction in buying prices of Standard commodities 2-3% reduction in customized processes, through loss elimination and process value mapping. YOY reduction contract as well through Spend Analysis and SOB analysis.
Tremendous experience in handling cost effective procurement and achieving significant savings through Supplier Identification, development, evaluation & Sourcing and up gradation of suppliers, developing cost-effective alternatives for various operations. Expertise in Clean Sheet Cost Evaluation, Should Cost Analysis and Process and Design Loss Elimination, Negotiation, Contract Management.
WCT (Working Capital Turns) Improvements through Payment Term Extension & MOQ Reduction. Stock management at Customers warehouse on supplier cost. Lead Time Reduction.
Located and identified new manufacturing sources to ensure supply chain consistency and continuity.
Responsible for vendor management and relationship building with existing and new vendors to create trust and loyalty.
Streamlined portfolio, negotiated payment terms and promoted spending transparency to support cross-disciplinary goals.
Analyzed spend data to identify and execute cost-savings, cost avoidance and value analysis opportunities.
Developed requests for proposal and issued requests for quotes to support sourcing efforts.
Collaborated with strategic partners to develop and manage key performance indicators and quality assurance processes.
Selected suppliers, assess supplier capabilities, evaluate supplier performance, and negotiate price, delivery, and terms.
Work History
1. Global Sourcing Manager India
Hangzhou Greatstar Industrial Co. Ltd., China
Feb 2022 To Till Date
HANGZHOU GREATSTAR INDUSTRIAL CO. LTD. was established in 1993 and has grown into the world's second largest company of tools and storage products. Great Star’s products include hand tools, power tools, pneumatic tools, laser measuring and layout tools, consumer and industrial tool storage, wet/dry vacuums and more. In July 2010, GreatStar was listed on the Shenzhen Stock Exchange GreatStar encompasses a number of long-established brands they include: Arrow, Pony, Jorgensen, Goldblatt, BeA, Shop-vac, SK, Lista and more. The company has an extensive product portfolio, global manufacturing capabilities and product development centers around the world. Great Star’s global distribution network supplies products and services through home improvement channels, independent hardware stores, automotive retailers, and supermarkets, as well as various industrial channels and partners. Leveraging domestic and overseas e-commerce platforms, GreatStar also supplies global end users with a high-quality and comprehensive range of products.
2. Asst. Manger (Sourcing & Supplier Development)
Stanley Black And Decker India Ltd., Delhi
Sep 2008 To Jan 2022
STANLEY BLACK & DECKER is An US 500 Fortune company, Sales Revenue of US$ ~ 15 Billion, employing 42,000 people world-wide, Operating in over 100 countries & Manufacturing in 11 countries. We are providing best tooling solutions for automation to all major Automotive, Aerospace & industrial segment. We hold the world no 1 position in Power tools and accessories / fastening systems/ Home appliance & home improvement products. We have world famous brands as Stanley, FACOM, Proto, Inner Space DeWALT.
3. Group Leader (Quality Assurance)
Dorset Kaba & Modtech, Haridwar
May 2007 to Sep 2008
DORSETKABA & MODTECH INDUSTRIES, Haridwar (ISO 9001: 2000 Certified company). It’s a joint venture with Swiss company of KABA, offers a wide range of high security mechanical, mechatronic locks and total stands alone Access Control systems. Dorset, a manufacturer & exporter of quality architectural hardware which includes door handles & pull handles of brass, stainless steel etc, door closers, floor springs , Swarovski range of door fittings and glass fittings
4. Sr. Engineer (Quality Assurance)
Wheels India Ltd., Rewari
March 2005 to May 2007
WHEELS INDIA LIMITED, Bawal (ISO/TS 16949 & ISO-14001 CERTIFIED COMPANY) The company is engaged in manufacturing of Wheels, promoted by TVS Group. Supplier for O.E.M. reputed Customers are TATA Motors, Ford, GM, Toyota, Suzuki, Hindustan Motors, Maruti Suzuki., Hyundai, Fiat, Honda, Mahindra & Mahindra, Ashok Leyland, CNH, John Deer, JCB Escort, PTL.
5. Quality Engineer
JNS Instruments Ltd., Manesar, Gurgaon
July 1999 to Feb 2005
JNS INSTRUMENTS LIMITED, Gurgaon (Haryana) (ISO/TS 16949 & ISO-14001 CERTIFIED COMPANY) is a joint venture company with NIPPON SEIKI COMPANY LTD., JAPAN. It is engaged in manufacturing of wide range of auto mechanical and electrical components for leading OEM’s like Maruti Suzuki, Honda Siel, Bajaj, Hero Motor Comp, Suzuki Motors, Yamaha and Honda Scooters & motorcycle Pvt. Ltd. the range of Instruments Clusters (Speedometer).
Skills
Raw Material Purchasing
Aluminum, Mn & Zn die casting, Plastic, Sheet Metal, Rubber, Machining, Forging, Casting & Molding, Wire Harness Components
Products Purchasing
Hand tools, Hardware, Furniture, Leather products, Clothes & Appliances
Supplier Quality & Development
Supplier identification, evaluation, sourcing, and upgradation
Strategic Skills
Trend Analysis, Negotiation Strategies, Contract Management, Cost Evaluation
Achievement
Received Four Times Win Award from Vice President GSM
• To develop the 64 Aluminum Die casting components for global plant in first time right.
• Develop 136 Products of Pull Handles for Europe & get $350K productivity.
• Develop 350 plus SKU of Hand Tools in first time right.
• Develop 18 C clamp products for first time right.
• Develop 12 products for Small domestic appliances.
Received Two Times Diner in Town Award from Vice President GSM Asia
• New product development (Al Die casting component RO FAN for US).
• Smoothly execution of Domestic appliance business & get $ 390K Spend.
Technical Trainings
• GSMX training in Shanghai, China.
• Qualified Six Sigma Green Belt & Black from IACT
• Lead Auditor for supplier quality Audit & Social accountability & sustainability.
• 7QC TOOLS, Kaizen, 5S, PFMEA, APQP, PPAP & MSA
• Internal auditor training for ISO/TS 16949.
• SQA & SA Audit training.
Certificates
Professional Qualification
P.G.D.B.M.
from IMT Ghaziabad in 2018.
Technical Qualification
B.Tech Mech. Engg
in 2010.
Diploma in Mech. Engg
in 1999.
Academic Qualification
Intermediate
in 1994
High School
in 1992
Personal Profile
Date of Birth
19-10-1976
Marital Status
Married
Languages Known
English, Hindi
Passport
Available
Permanent Address
389, Old Tehsil, Roorkee - 247667, Distt. Haridwar, Uttarakhand, India
Contact
Nishant Tyagi
Global Sourcing & Procurement Expert
Flat No. G002, Tower E, Charm Castel, Raj Nagar Extension, Ghaziabad, U.P., India