Summary
Overview
Work History
Education
Skills
Accomplishments
Certification
LANGUAGES
Timeline
ADDITIONAL INFORMATION
LEADERSHIP PHILOSOPHY
Generic

AKASH BHATNAGAR

Hyderabad

Summary

Strategic Procurement Leader with 13+ years of progressive experience driving cost optimization, vendor management, and supply chain excellence across pharmaceutical, government, and technology sectors. Proven track record of delivering €1M+ in procurement savings, managing complex contracts worth ₹500M+, and leading cross-functional teams. Expert in strategic sourcing, demand forecasting, and e-procurement systems including SAP, Oracle, and COUPA. PGDSCM graduate ranked 7th All-India with demonstrated expertise in stakeholder management and process optimization.

Overview

13
13
years of professional experience
1
1
Certification

Work History

Team Lead – Strategic Sourcing & Procurement

United States Pharmacopeia (USP)
07.2024 - Current
  • Spearheaded strategic procurement operations for USP India, managing procurement of high risk Monograph developement & Reference standard projets.
  • Orchestrated procurement of complex drug substances, APIs, excipients, and lab equipment for monograph modernization programs.
  • Enhanced vendor qualification processes, reducing supplier onboarding time by 35% while maintaining 100% compliance standards.
  • Collaborated with global stakeholders on key strategic initiatives, contributing to 15% improvement in procurement efficiency.
  • Led custom synthesis projects (100 per year), ensuring timely delivery and quality compliance for critical research programs.
  • Streamlined trade compliance coordination processes, achieving zero regulatory violations and 100% audit success rate.
  • Served as Key management personnel for a USP subsidiary organization in India, managing local distribution of reference standards, reporting to Board.
  • Supervised team for process improvements, reducing TAT and new initiatives for vendor sourcing.

Manager – Strategic Sourcing & Procurement

Ferring Pharmaceuticals Pvt Limited
02.2022 - 06.2024
  • Managed comprehensive procurement portfolio across R&D, manufacturing, and CMO operations.
  • Delivered procurement cost savings of €1 Million through strategic negotiations and vendor optimization initiatives.
  • Implemented demand forecasting models and monthly S&OP processes, improving inventory accuracy by 20%.
  • Supervised P2P operations partnership with Genpact, enhancing process efficiency by 40% and reducing cycle times.
  • Executed end-to-end contract management for 100+ service agreements, maintaining 98% contract compliance rate.
  • Led global project initiatives including Swiss Embassy events and product launches, demonstrating cross-functional leadership and earning multiple recognition awards for innovation and collaboration.
  • Achieved prestigious recognition including Emerging Leadership Award (2023), Global Project Management Excellence (2022), and Team Collaboration Excellence (2023).

Assistant Manager – Procurement & Contracts

GIFT City (Government of Gujarat)
12.2020 - 02.2022
  • Directed strategic sourcing for India's first Smart City project, managing ₹550M+ in goods, works, and consultancy services.
  • Pioneered implementation of Government e-Marketplace (GEM) portal, increasing procurement transparency by 100%.
  • Developed comprehensive procurement policies and procedures, ensuring 100% compliance with government regulations.
  • Conducted 200+ e-sourcing events through "(n) procure Portal," achieving average cost savings of 12% per procurement.
  • Negotiated complex contracts post-bidding, securing additional ₹25M in cost reductions through strategic negotiations.
  • Contributed to GIFT City's Disaster Management Plan development, aligning with national and state regulatory frameworks.

Senior Executive Purchase

Intas Pharmaceuticals Limited (Biopharma Division)
07.2017 - 12.2020
  • Orchestrated direct/indirect procurement for biopharma operations, managing ₹400M+ annual spend on raw materials and equipment.
  • Optimized sourcing strategies for R&D requirements, reducing procurement lead times by 30% and costs by 15%.
  • Established Annual Rate Contracts with 40+ suppliers, ensuring consistent supply and ₹20M in volume-based savings.
  • Streamlined logistics and customs clearance processes.
  • Received Spot Awards for exceptional performance in COVID-19 vaccine R&D support (July 2020) and timely delivery excellence (May 2018).
  • Implemented spend analysis frameworks, providing data-driven insights that improved procurement efficiency by 20%.

Purchase Executive

Torrent Pharmaceuticals Limited
04.2016 - 06.2017
  • Managed strategic sourcing of APIs, excipients, Consumables, Lab instruments & R&D services across pan-India operations with ₹110M+ portfolio.
  • Maintained optimal inventory levels for 500+ SKUs, reducing inventory holding costs by 18% while ensuring zero stock-outs.
  • Developed 20+ new vendors through comprehensive qualification processes, expanding supplier base by 05%.
  • Coordinated cross-functional teams including Finance, Legal, Regulatory Affairs, and Taxation for seamless procurement operations.
  • Achieved significant cost savings in consumables and capex purchases, contributing ₹15M to bottom-line improvements.
  • Successfully supported two major merger integrations (Pithampur & Vizag), ensuring uninterrupted supply chain operations.

Purchase & Planning Executive

Xcelris Labs Limited (An Abellon Company)
01.2015 - 04.2016
  • Designed comprehensive planning systems for imported and domestic goods, improving procurement forecast accuracy by 40%.
  • Negotiated high-end instrument procurements worth ₹30M+, achieving 12% cost savings through strategic vendor partnerships.
  • Managed temperature-controlled logistics for sensitive laboratory RM, maintaining 100% product integrity.
  • Coordinated with Customs House Agents for import clearance, reducing clearance time by 20% and eliminating demurrage costs.
  • Contributed to successful NABL Accreditation (2016) through systematic procurement documentation and quality assurance.

Executive Engineer

Moser Baer Engineering & Construction Ltd
12.2012 - 12.2014
  • Supervised indirect procurement for 30 MW Solar Power Plant operations, managing ₹5M+ annual utilities and consumables budget.
  • Implemented preventive maintenance protocols, reducing plant downtime by 15% and improving operational efficiency.
  • Managed third-party vendor relationships.
  • Generated comprehensive MIS reports (daily/monthly/yearly), providing critical insights for management decision-making.
  • Led cross-functional team of 15+ personnel, ensuring smooth plant operations and achieving 100% safety compliance.

Education

Post Graduate Diploma - Supply Chain Management

Narsee Monjee Institute of Management Studies (NMIMS)
01.2020

Bachelor of Engineering - Electrical

LDRP-Institute of Technology
01.2012

Higher Secondary Certificate (H.S.C.) - undefined

St. Mary's Higher Secondary School
01.2008

Skills

  • Strategic Procurement
  • Vendor Management
  • Contract Negotiation
  • Cost Reduction
  • Supply Chain Management
  • Demand Forecasting
  • Stakeholder Management
  • Process Optimization
  • E-Procurement
  • Compliance Management
  • SAP
  • Oracle
  • COUPA
  • Microsoft Excel
  • Project Management
  • Risk Management

Accomplishments

  • €1 Million procurement cost savings achieved at Ferring Pharmaceuticals (2023)
  • All India Rank 7th in PGDSCM from NMIMS Mumbai (2020)
  • Leadership Excellence Award - Ferring Pharmaceuticals Q2-2022
  • Global Project Recognition - Swiss Embassy Event Management (September 2022)
  • Emerging Leader Award - Annual Kick-off Meeting (2023)
  • Team Collaboration Award - New Product Launch Excellence (2023)
  • COVID-19 Response Recognition - Critical R&D Support (July 2020)
  • NABL Accreditation Contributor - Quality System Implementation (2016)

Certification

  • Strategic Supply Chain Mastery | 2025 | IIT Madras & Confederation of Indian Industry (CII)
  • Hidden Secrets of Negotiation | 2024 | Business Science Institute
  • Management Development Program- COD -XCEL (VBA/Micro) | 2020 | ExcelGuru
  • Nirmaan Training Workshop for building sustainable Quality | 2019 | Naman HR
  • Spanish Language (Beginners Level) | 2011 | Ahmedabad Management Association

LANGUAGES

Fluent: English, Hindi, Gujarati
Basic: Spanish

Timeline

Team Lead – Strategic Sourcing & Procurement

United States Pharmacopeia (USP)
07.2024 - Current

Manager – Strategic Sourcing & Procurement

Ferring Pharmaceuticals Pvt Limited
02.2022 - 06.2024

Assistant Manager – Procurement & Contracts

GIFT City (Government of Gujarat)
12.2020 - 02.2022

Senior Executive Purchase

Intas Pharmaceuticals Limited (Biopharma Division)
07.2017 - 12.2020

Purchase Executive

Torrent Pharmaceuticals Limited
04.2016 - 06.2017

Purchase & Planning Executive

Xcelris Labs Limited (An Abellon Company)
01.2015 - 04.2016

Executive Engineer

Moser Baer Engineering & Construction Ltd
12.2012 - 12.2014

Bachelor of Engineering - Electrical

LDRP-Institute of Technology

Higher Secondary Certificate (H.S.C.) - undefined

St. Mary's Higher Secondary School

Post Graduate Diploma - Supply Chain Management

Narsee Monjee Institute of Management Studies (NMIMS)

ADDITIONAL INFORMATION

  • Status: Married | Willing to Relocate: Yes
  • Permanent Address: Ahmedabad, Gujarat
  • Current Location: Hyderabad, Telangana

LEADERSHIP PHILOSOPHY

  • "Driving procurement excellence through strategic innovation, sustainable practices, and collaborative partnerships that create lasting value for all stakeholders while maintaining the highest standards of ethics and compliance."
  • Available for immediate opportunities in procurement leadership roles worldwide. Proven track record of transforming procurement functions into strategic business drivers while maintaining operational excellence and regulatory compliance.

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AKASH BHATNAGAR