Professional Overview
Puneet Kumar is a seasoned procurement leader with over 25 years of experience in the technology and telecommunications industry. As the Head of Procurement at Nokia, he oversees a global team responsible for driving strategic sourcing initiatives, supplier management, and procurement optimization across the organization.
Experience Summary
Current Role
In his current role as Head of Procurement at Nokia since 2016, Puneet is responsible for leading a team of procurement professionals to develop and implement effective sourcing strategies, negotiate favorable contract terms, and manage a diverse supplier base. Under his leadership, the procurement function has achieved significant cost savings and improved supply chain efficiency, contributing to Nokia's overall competitiveness in the market.
Career Progression
Prior to joining Nokia, Puneet held various senior procurement and supply chain management roles at leading technology companies, including Alcatel Lucent, Comviva Technologies, and Nokia Siemens Networks. He has a proven track record of driving operational excellence, implementing innovative procurement practices, and building high-performing teams.
Throughout his career, Puneet has demonstrated exceptional strategic thinking, negotiation skills, and a deep understanding of the technology industry. He has successfully led cross-functional initiatives, managed complex procurement projects, and collaborated with key stakeholders to align procurement strategies with business objectives.
Academic Background
Puneet holds a Bachelor's degree in Mechanical Engineering from Punjab Engineering College, Chandigarh, and a Post Graduate Diploma in Materials Management from BITS Pilani.
Areas of Expertise
- Strategic sourcing and supplier management
- Contract negotiation and commercial acumen
- Procurement process optimization and automation
- Supply chain risk management and mitigation
- Procurement team leadership and development
Professional Impact
During his tenure at Nokia, Puneet has implemented several transformative procurement initiatives, including the development of a global supplier relationship management program and the deployment of advanced data analytics tools to drive informed decision-making. These efforts have resulted in significant cost savings, improved supplier performance, and enhanced the overall resilience of Nokia's supply chain.
Puneet's industry contributions extend beyond his direct responsibilities, as he actively participates in industry forums and thought leadership initiatives, sharing his expertise and insights with the broader procurement community.
Conclusion
With his extensive experience, strategic mindset, and track record of delivering tangible results, Puneet is a valuable asset to Nokia's procurement function. His commitment to continuous improvement and his ability to drive positive change make him a respected leader in the industry.
