In the dynamic landscape of procurement and supply chains, businesses face increasing demands and challenges. To effectively navigate these complexities, a competent procurement leader is essential. They possess the expertise to optimize sourcing strategies, manage supplier relationships, mitigate risks, and drive cost savings.
A skilled procurement leader understands the importance of aligning procurement goals with overall business objectives, ensuring operational efficiency and profitability. They stay abreast of market trends, technological advancements, and regulatory changes, enabling them to adapt strategies and seize opportunities. With their strategic vision, strong communication, and negotiation skills, a competent procurement leader becomes a vital asset in securing sustainable growth and competitive advantage in today's global marketplace.
Renu Kaul brings a wealth of diversified experience spanning 27 years across IT, Consumer Electronics, Power Electronics, and Solar Renewables. Her professional journey began at Altos India and she has since made significant contributions to prominent companies like Onida, PT. GPM - Jakarta, Su-Kam, Microtek. She holds a Post Graduate Diploma in Supply Chain Management from Symbiosis Institute of Management (Grade A, 2012) and has excelled as an Electronics & Telecommunication Engineer, securing the top position at the state level in 1992. Renu Kaul has also obtained certifications as a Certified Internal Quality Auditor (ISO 9001:2008/ISO 19011: 2003), acquired digital skills in web analytics by Accenture in 2018, and completed Renewable Energy REI Online training by Solar Energy International, USA in 2020.
Currently working as the Vice President of Global Procurement and Strategic Sourcing at Su Vastika Systems, Renu believes that successful business leadership requires a forward-thinking vision, aligning long-term goals, purpose, mission, and targets. This approach fosters adaptability, collaboration, and strategic decision-making, ensuring sustainable growth and enduring success in the ever-evolving business landscape. “As a leader, I believe in being a role model for my team and peers, instilling confidence, integrity, and trust. By effectively delegating tasks, providing strong leadership, and promoting open
communication, I create a harmonious work environment. Embracing inclusive leadership and demonstrating empathy towards my peers fosters collaboration and strengthens our organizational fabric,” asserts Renu.
Su Vastika Systems
Su-vastika, under the mentorship of Kunwer Sachdev, the renowned Inverter Man of India and the founder of Su-Kam, has achieved remarkable growth and success in its endeavors. Su Vastika Systems, a burgeoning startup, is revolutionizing the power storage landscape with its comprehensive solutions for a sustainable future. Led by Khushboo Sachdev, an accomplished leader, the company aspires to disrupt the solar energy and backup sector. Su Vastika focuses on power storage and generation, specializing in solar energy and providing innovative solutions to power storage challenges. Patents have been filed for cutting-edge technologies, including energy storage solutions, emergency rescue devices for lifts, solar inverters, lithium batteries, and functional testing machines. The company's diverse product portfolio encompasses inverters, UPS, solar PCUs, lithium LifepO4 batteries, online UPS, and lift power backups.
By nurturing collaboration, innovation, & effective communication with suppliers, SuVastika Systems unlocks endless possibilities for growth & transformation
As procurement Head, Renu's core competencies include sourcing, cost reduction strategies, risk management, price negotiations, cost optimization, benchmarking, and best practice implementation. She prioritizes supplier collaboration and successful new product introductions to deliver more profitable outcomes aligned with board-level initiatives. Renu advocates for a structured framework that encourages supplier-led innovation, timely involvement, effective stakeholder communication, and progress monitoring. Incentivizing collaboration through performance goals and key indicators, she drives meaningful growth.
“For young entrepreneurs, it is crucial to pause and contemplate the path ahead. Lay out a comprehensive business plan and be able to articulate your vision concisely. However, the most vital aspect is to have unwavering self-belief and remain self-motivated. These qualities will fuel your determination to overcome obstacles and drive your business toward success. Trust in your abilities, stay focused, and maintain a resilient mindset to navigate the entrepreneurial journey with confidence,” concludes Renu.
