Lara Rancati

Strategic Sourcing & Supply Chain Manager, ITT Cannon Veam ICS

MIMilanoLombardy - Italy

I am a strategic sourcing professional, with more than 10 years experience acquired in Supply Chain environement in the manufacturing industry.
Green Belt Six Sigma Certified.

I am in charge of defining sourcing policies in accordance with corporate guidelines; drive the Supply Chain streamline; Set up saving targets for the function, support Buy Vs Make policy, inventory Management, leat time reduction, Benchmark in Low Cost reagion countries, suppliers development and management, coordinate a small team of professional Buyers.

Throughout my career I have been developing good communication, negotiation, teamwork and management skills. Being able to manage time and prioritise projects effectively is an essential skill I have developed in my working experience. I have shown that I can work as an effective member of a team, but I have also demonstrated that I am capable of taking responsibility and work independently providing timely contributions. In various occasions I have demonstrated my analytical skills, as well as commitment and ability to work hard to meet deadlines, to resolve any problems that may arise, and to manage projects and resources effectively with the goal of ensuring maximum customer satisfaction.

Lara Rancati
13 contacts
Since 2007

Reporting to the European Sourcing Director. Main tasks:
•Responsible for all sourcing activities (direct and indirect spent)
for a volume of 25 M€
•Supplier and Contract Management
•New Supplier Scouting with major focus on East and Far East Regions
In 2008 increased direct spent in Far Est of 6%
•Definition and implementation of Sourcing strategies for key commodities in cooperation with European and Global Strategic Sourcing Organization
•Definition and implementation of Cost Saving Projects – In 2008 achieved 11% saving on Direct Spent
•Directly responsible for the management and professional development of two direct resources (a Senior and a Junior Buyer)
•Monthly sourcing reports
•Ensuring supplier lead time reductions
•Lead Supply Chain LEAN activities
•Definition and Implementation of Buy vs Make activities
•Actively engaged in the reduction of inventory levels

Electrical and electronic industries
Professional experience
2005 - 2007

Reporting to Engineering Platform Director.
My main role was to manage a project budget to a supply of traction components for 12 High Speed Trains (AVR) to Spain providing customer satisfaction by meeting cost, quality and delivery targets.
Main tasks:
• Define Master Project plan
• Coordinate the assigned engineering, sourcing, operation resources
• Cost controlling and reporting
• Risk & opportunity management

Electrical and electronic industries
2003 - 2005

Reporting to the European Sourcing Director.
Major responsibility as sourcing representative in tender phase, contribution in the project management team, ensuring that quality, lead-time and cost objectives were met for the Sourcing aspects of projects.
Member of a European Sourcing Team (active across different European manufacturing sites) - traction systems for high speed trains.
Key tasks:
• Leading negotiation with potential and with current supplier
• Managing sourcing risks and opportunities
• Participating to Make Vs Buy process
• Coordinating Sourcing activities of an International team of Buyers

Electrical and electronic industries
2002 - 2003

reporting to the Rolling Stock Sourcing Director based in ALSTOM’s headquarters.
Main objective was to establish a sourcing policy for the Traction Sourcing community for the assigned commodities (switchgears, resistors, and transformers) for a yearly global volume of about 15 Euro Million.
Key tasks:
• Collect and globalize local need for catalogue products
• Negotiate yearly catalogue prices for all traction manufacturing European sites
• Negotiate supply agreements with preferred suppliers for specific product/contracts
• Manage Quality, Cost and Delivery indicators for preferred suppliers
• Set up the sourcing policy through Business Plan for the assigned commodity and deploy it to Project Teams and Engineering community.
• Develop Emerging Countries Suppliers in order to secure cost savings targets

Electrical and electronic industries
2001 - 2002

Focus on the integration of the newly acquired site in Milan into ALSTOM’s organization (acquired on 01/08/2001).
Key projects: leading a “cost reduction program” of General Expenses and Overheads put in place since September 2001.
The program recording methods and principles have been subsequently applied to other departments: Research & Development, Sourcing, Production to reach the saving results expected by ALSTOM’s Corporate Division.
Main tasks were focused on sourcing process optimization, including the supplier base reduction via increased outsourcing, “call-off” purchase orders, and monitoring of the implementation at the local level of ALSTOM’s worldwide frame agreements.

Electrical and electronic industries
Hobbies
Travels , music , foreign languages , cinema

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