Pankaj Verma

Experience

• 

  Bharat Heavy Electricals Limited

  Jul 2016 - Aug 2016

  Summer Intern

  • Gained knowledge of operations and assembly of steam turbines• Monitored blade cutting, casting of turbine casings, and machining of steam turbines• Pre-dispatch quality check and testing of steam turbines in the high-speed tunnel.

• 

  Tata Hitachi Construction Machinery Company Private Limited

  Jul 2017 - Jul 2023

  • Achieved $100K in annual savings with uninterrupted material availability by executing company’s first reverse auction of freight contracts on SAP Ariba; secured rock-bottom rates through negotiations with 12 shipping lines • Led import procurement team, handling 50% of total imports from 32 international suppliers, and accounting for $80MM in purchase and 1140 TEU annually for casting-forging, hydraulics, and electrical commodities• Executed 3 major cross-functional part-localization projects to address uncertainties arising from tight trade and customs restrictions, promoting "Make in India" initiative; achieved annual cost savings of $735K• Secured $130K in logistics cost savings by spearheading team of 4 on “Consolidated Forwarding” initiative to tackle surging ocean freight, securing volume discounts and inspiring idea adoption across Tata Group in India• Delivered $58K annual cost reduction through packaging improvement ideas; collaborated on five loading efficiency improvement projects with suppliers, boosting containers loading efficiency by 13%• Headed monthly Import group progress reviews on inventory optimization, foreign trade certificates utilization, and freight index reports that drove strategic decisions for senior management, resulting in $276K annualized savings Show less • Implemented “Yellow Zone” planning strategy to counter transit delays during pandemic, reducing transit delays by 2 weeks and achieving 96% material availability with respect to daily production plan• Delivered annual savings of $1.48MM as part of cross functional Small Group Activity team of 7; declared RT15 team of the month in Hitachi group for implementing highest number of localization and value addition ideas• Conducted sales analysis and prepared 4-month production forecast for strategic material planning to mitigate excess inventory resulting from high demand fluctuation; delivered $605K monthly inventory reduction• Optimized inventory norms by 16% through generation and implementation of split shipments protocol; attained inventory reduction of $2.4MM per month while maintaining 100% material availability for production Show less • Achieved annual savings of $40K, equivalent to 30% cost reduction, for welding wire commodity by introducing an alternate source, coordinating cross-functionally for quality approval, and strategically negotiating prices• Collaborated with logistics team to address transit damage issues; improved damage-free delivery of inbound material from 90 to 94% through Root Cause Analysis and Corrective and Preventive Action strategies• Managed team of 9 to launch kit-based material feeding system in the production line, reducing line stoppage time by 50% to 25 minutes, and improving line productivity by 8% Show less

  • Manager, Import procurement and logistics

    Apr 2021 - Jul 2023

  • Assistant Manager, Import and domestic procurement

    Sept 2018 - Mar 2021

  • Assistant Manager stores and Indirect Procurement

    Jul 2017 - Aug 2018
• 

  The Ohio State University Fisher College of Business

  Aug 2023 - now

  Graduate Teaching Assistant

  • Graduate Assistant, Master of Human Resource Management Program.• Recitation leader for 80 undergraduate students in Business Environment and skills course.• Instructing students to improve public speaking and presentation skills; helping students with resume and interview preparation for effective internship and job search.• Creating teaching content, facilitating class discussions, grading, and providing detailed feedback on group projects and assignments.