Summary
Overview
Work History
Education
Skills
References
Timeline
Generic

Prashant Yardi

Pune, India

Summary

Techno-commercial professional with over 29 years of global experience in strategic sourcing, procurement, supplier development, and supply chain management across leading MNCs like Mercedes-Benz, Schlumberger, Danfoss, and TACO. Managed global spends over USD 120 million, and delivered significant cost savings through supplier optimization and international sourcing. Proven expertise in developing vendor bases for critical components, and leading cross-border procurement operations aligned with global quality and delivery standards.

Overview

30
30
years of professional experience

Work History

Proprietor

Prycon Consulting
Pune, Maharashtra
02.2020 - Current
  • Founded and led Prycon, a consultancy delivering strategic expertise in supply chain management, global sourcing, vendor development, and business development.
  • Advised companies across diverse industries on cost optimization, supplier strategy, and operational improvements, without the need for full-time hires.
  • Collaborated directly with business owners and senior managers to identify key challenges and implement tailored, results-driven solutions.
  • Applied broad industry experience to deliver innovative and practical strategies that drove measurable impact.

Director Of Procurement - India

Danfoss Power Solutions
Pune, Maharashtra
02.2011 - 10.2019
  • Directed procurement operations for Danfoss India with full ownership of a USD 100M+ spend, covering both direct and indirect materials, and exports to global Danfoss facilities.
  • Held global category leadership for formed parts, including hot/cold forgings, stamping, fine blanking, powder metallurgy, and metal injection molding, driving strategic supplier performance worldwide.
  • Developed and executed India-specific sourcing strategies aligned with global procurement goals, enabling cost leadership, and improved supplier resilience.
  • Negotiated high-value contracts and built long-term supplier partnerships, delivering measurable savings and operational efficiency across a complex, global supply base.
  • Identified, qualified, and onboarded Indian suppliers for strategic categories, expanding sourcing options, and supporting global manufacturing demands.
  • Oversaw the procurement of key commodities, including iron and aluminum castings, fully machined cold/hot forged parts, and bar-machined components.

Sourcing Manager - Asia

SLB
Pune, Maharashtra
06.2007 - 12.2010
  • Directed global sourcing for precision machined parts, fabrications, castings, and forgings, coordinating exports from Asia to Schlumberger’s manufacturing centers worldwide.
  • Led a cross-functional team, including a direct report in China, ensuring smooth supplier coordination and alignment with global manufacturing needs.
  • Managed supplier identification, qualification, and performance, securing high-quality parts at competitive prices, with reliable on-time delivery.
  • Supported Schlumberger’s manufacturing operations in France, developing sourcing strategies to enhance global supply chain efficiency.
  • Cultivated strategic supplier relationships, and implemented process improvements to ensure uninterrupted supply chain operations.
  • Oversaw project management efforts with suppliers, resolving operational challenges, and driving timely deliveries across global logistics networks.

Head of Purchasing

TACO Kunstofftechnik GmbH
Coburg, Bavaria, Germany
08.2005 - 05.2007
  • Led purchasing operations for raw materials, finished automotive components, non-production parts, and logistics in a newly acquired company by TACO.
  • Directed price negotiations, inventory management, and the development of new suppliers to ensure cost-effective, and efficient supply chain operations.
  • Oversaw global procurement and logistics, optimizing the flow of materials and components across international supply chains.
  • Managed strategic sourcing initiatives to align procurement goals with the company's global manufacturing needs.

Senior Manager - Global Procurement & Supply

Daimler Chrysler
Pune, Maharashtra
11.1995 - 07.2005
  • Led the Global Procurement & Supply Division for DaimlerChrysler in India, sourcing high-quality auto components for Mercedes-Benz & Chrysler vehicles.
  • Managed USD 120 million in annual spend, with full responsibility for sourcing and supplier relationship management (SRM) for components, including iron castings, forgings, machined parts, and rubber components.
  • Negotiated prices, managed component costing, and performed quality audits at vendor sites, ensuring all components met Mercedes-Benz's global quality standards.
  • Developed and launched a successful export program, supplying critical components such as machined parts, aluminum castings, forgings, engine components, latches, and locks to Mercedes-Benz worldwide, achieving USD 85 million in exports by mid-2005.
  • Achieved USD 20 million in cost savings by optimizing supplier contracts, driving supplier performance improvements, and ensuring efficient procurement processes.
  • Led supplier development initiatives, identifying and qualifying local suppliers to meet global manufacturing requirements, while driving quality, cost-effectiveness, and on-time delivery.
  • Selected for specialized training at Mercedes-Benz manufacturing facilities in Sindelfingen, Germany, gaining hands-on experience in body shop and final assembly line operations.
  • Worked in Sindelfingen for seven months within the passenger car purchasing department, gaining expertise in Quality Gates and Supplier Management, which were later applied to enhance sourcing operations in India.
  • Spearheaded the TANDEM initiative to improve vendor quality in India by introducing advanced production techniques, organizing seminars to provide technical support, and fostering collaboration between Mercedes-Benz and Indian suppliers.

Education

Bachelor of Technology - Mechanical Engineering

Vishwakarma Institute of Technology
Pune, Maharashtra

Skills

  • Supply chain management
  • Cost optimization
  • Contract negotiation
  • Vendor development
  • Global sourcing
  • Supplier relationship management
  • Operational efficiency
  • Team leadership
  • Strategic planning
  • Customer retention
  • Cost analysis and savings

References

References available upon request.

Timeline

Proprietor

Prycon Consulting
02.2020 - Current

Director Of Procurement - India

Danfoss Power Solutions
02.2011 - 10.2019

Sourcing Manager - Asia

SLB
06.2007 - 12.2010

Head of Purchasing

TACO Kunstofftechnik GmbH
08.2005 - 05.2007

Senior Manager - Global Procurement & Supply

Daimler Chrysler
11.1995 - 07.2005

Bachelor of Technology - Mechanical Engineering

Vishwakarma Institute of Technology

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Prashant Yardi