Prashanth Naik has over 15 years of experience in strategic sourcing, procurement, and project management. He currently works as an AM Sourcing lead at Merck Life Science, where he manages a $5 million annual spend portfolio and 150 suppliers. Previously, he held sourcing roles at Schneider Electric and worked on new product development and transfers. Naik has a proven track record of cost savings through localization, negotiation, and value engineering. He is pursuing an MBA and is trained in Six Sigma, quality systems, and leadership skills.

1. Prashanth Naik
Cell:+91-9739906062: aechu@rediffmail.com
Professional Summary
Driven and proven executive with extensive hands on experience and a consistent track record in exceeding goals in
assigned Commodity management and Strategic Sourcing or procurement. A self-initiator with proven ability to
demonstrate and implement innovative solutions.
Core Competencies
 Strategic Sourcing & supply chain –Direct &
Indirect material
 New product development & Project transfer
 Project Management
 Commodity management
 Product Costing
 Supplier Management
 Cost Reduction & Value Engineering
 ERP – Oracle /JDE /SAP
 MS Office
 Individual / Matrix role player
 CFT Interaction
 Global approach
 Manufacturing background
Professional Experience
Role: AM Sourcing -- Direct Material & Indirect Material
December 2012 to Current ….
Merck Life science (I) Pvt. Limited – Bangalore
Working for Global strategic sourcing team, responsible for driving the best followed sourcing strategies across
Merck`s supply chain network. Accountable forsupplier, Commercial, Daytodaybusinessactivitiesinliaisonwith
CFT`s, categorymanagement&relatedteams,Supplychainmanagement,Product,Processqualityandcontinual
improvement focus towards productivity.
 Supplier Management:
 Lead Supplier selection, Evaluation, Re-evaluation along with cross functional teams & global commodity
teams.
 Handling Supplier relationship management from quality, cost, delivery & Business security point of view
followed by Contracts and documentation.
 Commodity Management:
 Accountable for managing 5 million Euro annual spend in Electrical & Packaging commodity with over
150 suppliers both in developed as well low cost countries.
 Lead & participate in EOL buy strategy, Single source Supplier strategy, Category management, BOM
cost structuring.
 Created and implemented CAPS (Category Activity Plans) to analyze demand management, market
analysis, spend data and contract management to achieve strategic goals.
 Indirect purchasing : As a Project management representative for execution of new Facility & Key job includes,
 Drive locally all CAPEX/OPEX Investment in term of sourcing & purchasing (panel, RFQs, offers analysis,
negotiation, LOI, PO, agreement.) in conjunction with global strategy with local addendum,
 Working with End user in Major contract finalization for indirect service including (Civil / Manpower /
Engineering Services, industrial services, Admin related service and adhoc requirements
 Vendor selection / Evaluation / negotiation of contract / Business case preparation.
 Generate innovative ideas for increased process efficiency & reduction in cost by Improving
local purchasing process
 Project Management:
 Managing Project transfers from various MM locations to MM India with end to end responsibility of
materials management & Establish Supply Chain management.

2.  BOM costing, Supplier security, Alternate substitution, Cost reduction plan on short and long term plan,
Logistics management & product life cycle analysis.
 Project risk mitigation. Interaction with Sales /Marketing /Quality/Logistics/External & global teams
 Commercial Management:
 Responsible for Techno commercial costing of component /product, followed by initiation on cost
reduction plans using Value Engineering, Negotiation, Alternate sourcing and localization.
 Responsible for Suppliers price, Annual contracts, other Terms & conditions to ensure the best cost
management & timely deliverable, in alignment to operating budgets.
 Co-ordinate for global sourcing Office requirement from local source base to reduce the product cost.
 Facility Management: As a Project management representative for execution of new Facility & Key job includes,
 Managing Sourcing and purchasing process for Material and Services for multiple work packages of a
Facilities Handling commodities including Building construction, Factory Establishment, Manufact uring
Equipment, tools and tackles, consumables, equipment leasing,
 Managing RFQ process through Tender /Bidding Implementing P2P (Purchase to Pay) and S2C (Source
to Contract) ,Contract management, Statutory & Regulatory etc
 Interaction with external and internal stake holders, Quotation comparison approvals followed by PO
management and finance closure of the complete project.
 Prepare and share the periodic MIS reports of procurement like, Spend analysis , Reporting on PPM , Monthly
report ,Price variation report, Inventory report to Management to conclude and plan
 Core Accomplishments
 Third party spend of 4M Euro from 150+ supplier –Set the price controlling mechanism to record price variance.
 Supplier Risk mitigation implementation – 6 suppliers replaced completely
 Contract manufacturing Business case study India region - Total 7 suppliers identified /studied.
 Handled the complete procurement action & Project management lead of New facility value of 33 Crore INR
 Handling the complete procurement action & Project management lead of New Laboratory value of 7 Crore INR
 Rationalized the Supplier base for Packaging & standard bought out commodities.
Sr. Sourcing Specialist – New product development
November 2004 to December 2012
Schneider Electric IT Business India Pvt. Ltd. – Bangalore, Karnataka
Working in New product transfer team, responsible for smooth transition products to India operation to increase the
business footprint, actively involved in the project transfer from HCC to LCC to beat the competition in global market
with the aim of implementing purchasing goals in term of Cost, Quality, Delivery & ramp up of production volume
Also working with R&D team to implement newly designed products by early involvement.
 Working with program management team & Engineering team to understand the Scope ,road map, Time line ,
budget of the project under transition
 Focal point of contact for sourcing / Purchase / Supply chain establishment for transferred project
 Bill of material study by identifying the sources and creating the Costing structure of the project.
 Involved in assigning the commodities, decide on make or Buy parts & as catalogue / to be developed parts.
 Evaluating and short listing the potential suppliers on the basis of their capabilities like quality, costs & support
 Benchmarking of the prices with the Global market by Keeping & updating purchasing records
 Lead and work on a time bound localization plan of components and accountable for localization of identified
components to support New Product and there by achieve cost targets at acceptable quality.
 PO management ( Scheduling, follow up, on time delivery - delivery performance & invoice grief clearance)
 YOY – Working on Year On Year cost control by working on key areas like Import substitution, Multi source
activity, SOB allocation, Inventory management, RM supplier interaction.
 Participate in ALPHA and PILOT builds and responsible for the first 3 builds requirements.
 Supplier spend management (consolidation, Distributors management, shipment & logistic management)
 Commodity Management – Global Commodity strategy implemented for the transfer business in local area.
 Part level re - sourcing/ localization from HCC to LCC
 Ability to negotiate by reviewing and understanding the technical specifications for RM, components, processes,
Customer drawing & have knowledge on costing and estimation of parts in assigned commodities.
 Evaluation of suppliers on processes and identify improvement opportunities in processes and systems at
supplier locations to improve quality, cost and delivery. Identify suppliers with low performance in QCD area -
Develop an exit plan without hampering business.

3.  Coordinating with various CFT`s to make the material BOM cost to win the project for site & Work closely to
identify and execute VAVE opportunities to further optimize the cost.
 Working closely with R&D team and component qualification team to fetch new products through Part Approval
Process & Engineering Change Order(ECO)
 To ensure all possible risks that can adversely impact project timelines are highlighted timely & mitigation plans
are in place.
 Periodic review with internal and external team regarding the project transfer stages as per road map.
Core Accomplishments
 Changing from 1.0 mm2 conductor to 0.75mm2 and there by achieved 600K$ annual savings.
 Sourced more than 500 wire harness parts in Quick turnaround time in case of existing supplier with drawn the
support and whole supply chain in bad shape.
 Connector’s standard database created to have price check in the case of new connector costing.
 Agency approval rationalization achieved savings more than 1M$ annual savings.
 0.5 M USD annual savings by developing NEMA plugs with Asian sources for the first time (De petented)
 Rationalize the PCB (Layer wise and supplier wise ) thereby bring down the costing as well as inventories Price
benefit estimated around 750K$ annual savings

Product Development Engineer ( 2002 ~ 2004)
December 2002 to November 2004
Swift link fiber optics Pvt. Ltd., belongs to NeST group – Bangalore
 Responsible for pre and post pilot production with respect to quality/capacity/Delivery.
 Coordinating with PPC dept. to overcome issue in the production schedule.
 Development of tooling which supports for preparing sample/production.
 Concerned with development of products before it get moved to regular production.
 Development of new products. (Mainly cable harness and mechanical assemblies)
 Drawing study to check feasibility and Manufacturing of all types of items
 Creating the bill of materials and costing in line with commercials.
 Releasing the drawing and set the work procedure and work instruction.
 New product sample submission to customer with first article report.
 Interacting with the customer regarding existing and new products and any revisions.
 Responsible for pilot batch planning and production and Fitment and Performance trial
CUSTOMER QUALITY ENGINEER (2001 to 2002)
2001 October to December 2002
MESHA Engineering pvt. ltd, – Bangalore
 Interacting with customers for quality issues of supplied parts
 Make customer complaint list and identify the severity of complaint and Make the problem statement presentation.
 Coordinating with CFT like Quality , Maintenance and production & purchase.
 Doing follow up with concerned and drive the improvement plan action with CAPA
 Send the FIR to customer and responsible for arranging improved pilot lot.
 Track the performance / reoccurrence of particular complaint for next 3 months.
 Attending the customer site to understand the problem on regular basis
Education
 Bachelor degree in Mechanical Engineering with First class from Karnataka University Dharwad in 2001.
Diploma in Business Management
Pursing MBA from ICFAI University (Distance learning)- 2 module completed
Professional Affiliations
 Six sigma white belt trained & certified
 Trainings : Training on UL, VDE, PCBA and ASTM /ISO 13485
 Trained in Influential & Convincing Skill & Communication skill
 Attended Negotiation Training & Leadership.
Personal Information
 Fathers Name : H. S. Naik

4.  Date of birth : 11th October 1978.
 Languages known : English, Hindi, Kannada, Konkani
 Passport Details : F 7233793
 References : Available upon request
Declaration
I hereby declare that all the particulars are true and best of my knowledge and belief.
Date: Yours Sincerely,
Place:
(Prashanth Naik)