Paras Sharma serves as the General Manager and Executive Director of Global Sourcing for Engineered Projects at GE Power, where he spearheads the sourcing organization with a strategic focus on SQDC—Safety, Quality, Delivery, and Cost. With a robust background in transformational sourcing, Paras has cultivated...
Paras Sharma serves as the General Manager and Executive Director of Global Sourcing for Engineered Projects at GE Power, where he spearheads the sourcing organization with a strategic focus on SQDC—Safety, Quality, Delivery, and Cost. With a robust background in transformational sourcing, Paras has cultivated a progressive career characterized by his ability to lead complex projects and drive operational excellence. His expertise in strategic sourcing and procurement is complemented by a strong emphasis on lean methodologies and digitization, which he leverages to enhance spend analytics and optimize costs across the organization.
In his current role, Paras is responsible for the organization design that simplifies sourcing methods and establishes uniform processes, ultimately reducing the cost structure while improving product quality. His leadership in implementing transactional lean practices has not only streamlined operations but has also fostered a culture of continuous improvement within his team. Key projects under his guidance include the integration of advanced analytics into the supply chain management process, enabling more informed decision-making and supplier evaluation.
Paras's skills in contract management and supplier relationship management are pivotal in navigating the complexities of global sourcing, particularly in best-cost country strategies. His commitment to compliance and risk management ensures that GE Power maintains its competitive edge while adhering to industry standards. By focusing on organization transformation and productivity, Paras continues to drive significant value for GE Power, positioning the company for sustained growth and innovation in the energy sector.
