Nishant Jain
Burlington
Summary
Procurement professional with over 11 years of robust experience in strategic sourcing, supplier negotiation and cost reduction for Fortune 500 organizations. Demonstrated ability in contract management, market analysis, and risk assessment. Known for reliability and achieving results through effective stakeholder communication and problem-solving skills.
Overview
11
11
years of professional experience
1
1
Certification
Work History
Senior Procurement Analyst, Commodities & Logistics
Vale Base Metals
01.2021 - Current
- Managed a diverse portfolio of contracts with annual spend of $150M spanning multiple business units/categories while maintaining a focus on minimizing costs.
- Negotiated TCO savings of 35% ($2M) for back-fill binder for Manitoba mine by qualifying and switching to alternate product in collaboration with business and technical team
- Led the cross-functional project team for logistics change-over of slag cement supply to Voisey’s Bay from big bags to bulk vessel resulting in TCO savings of48% ($6M)
- Transitioned the shotcrete category from “Critical” to “Essential” by developing alternate supplier thereby reducing risk and achieving cost reduction of14% ($1.5M)
- Implemented standardization in the Explosives category by developing uniform specifications for detonators with help of cross-functional collaboration and achieved annual savings of $4.5M
- Performed make vs buy analysis of on-site oxygen plant under lease with monthly spend of $1M by developing a financial cash-flow model and developed strategy for purchasing of leased plant
- Ensured compliance of aboriginal owned businesses under IBA agreement for the explosives contract in Voisey’s Bay by working together with legal and operations team
- Mitigated supply risk situations arising out of supplier-declared Force Majeure events such as TNT shortage in North America, CP and CN strike, CO2 and Nitrogen shortage by working closely with vendors in tracking inventory and developing alternate sources of supply
Team Lead, Energy and Sustainability
Beroe Consulting
11.2013 - 03.2020
- Provided advisory to category managers of Fortune500 organizations in developing RFPs, supplier evaluation and optimizing key contract parameters like duration, pricing formula and payment terms
- Analyzed supplier market landscape and mapped risk matrix for key spend categories of a large Cement company to identify cost savings opportunities worth $10M
- Consulted a large brewery in switching electricity supplier in India as the changes in regulation allowed participation of private players which resulted in company reducing20% of the electricity spend
- Recommended the supplier selection strategy for a large Bank in Ireland by analyzing the market supplier switching rate and hence estimating the customer satisfaction
- Participated as speaker in conference - SETA (Sustainable Energy Technology Asia) to present pathways on greening the Fuel Mix of Thailand
Education
Master of Business Administration – MBA - Operations
Great Lakes Institute of Management
01-2013
Bachelor of Technology - Electronics & Communication Engineering
Visvesveraya National Institute of Technology
05-2007
Skills
- Strategic Sourcing
- Procurement process improvement
- Supplier relationship management
- Negotiation expertise
- Purchasing strategy
- Category Management
- Project Management
- Global sourcing
Languages
English
Full Professional
Certification
- Certified Practitioner of Supply Management ISM Mar 2021
Timeline
Senior Procurement Analyst, Commodities & Logistics
Vale Base Metals
01.2021 - Current
Team Lead, Energy and Sustainability
Beroe Consulting
11.2013 - 03.2020
Master of Business Administration – MBA - Operations
Great Lakes Institute of Management
Bachelor of Technology - Electronics & Communication Engineering
Visvesveraya National Institute of Technology
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