Piyush Agnihotri
Mumbai
Summary
Results-driven Procurement Manager with 13 years of experience in Capex and Opex. Demonstrated success in implementing effective procurement strategies and leveraging industry knowledge to achieve tangible outcomes.
Overview
13
13
years of professional experience
Work History
Manager Project Procurement
Ion exchange (India) Ltd- A company into Waste Water Management
Mumbai
11.2023 - Current
- Company Overview: A 60-year-old organization pioneering in the field of wastewater treatment.
- Spearheaded procurement initiatives totaling USD 30 million for greenfield projects across different units in India, ensuring efficient acquisition and deployment.
- Expertly negotiated and secured high-value assets exceeding USD 1 Million, including boilers, turbines, reactors, chillers, MS & SS tanks and vessels, PTFE items, and various equipment across Mechanical, Electrical, and Instrumentation domains.
- Negotiated and finalized fire hydrant system, MEP items, interior, AR tile, and other items in the civil domain.
- Actively negotiated and spearheaded procurement for a Sulphuric acid Recovery unit worth 12 Million USD.
- Negotiated for critical items like waste heat recovery boiler, reactor, and preheater tower, flue gas recuperator, finned tube heat exchanger, fire brick lining, SS and MS structure, and other critical equipment for a sulfuric acid plant.
- Implemented cutting-edge procurement methodologies such as E-auctions, activity-based costing, and evidence-driven negotiations to optimize Total Cost of Ownership (TCO) for critical assets.
- Implemented innovative financial strategies to bolster organizational cash flow, including minimizing advances and extending credit terms where feasible.
- Skillfully managed a 5-member operational procurement team across Ion Exchange's three units, overseeing all aspects of procurement operations with precision and leadership.
Founder Member
Energico Pharmtek OPC pvt Ltd
Agra
02.2021 - 10.2023
- Spearheaded the establishment of 2 pharmacies and an online consultation center as a founding member, contributing to their successful inception and growth.
- Directed both direct and indirect procurement activities for the pharmacies, meticulously selecting vendors and contractors for Capital Expenditure (CapEx) and Operational Expenditure (OpEx) procurement, employing a comprehensive vendor evaluation matrix.
- Optimized procurement processes by centralizing requirements, leading to favorable negotiation outcomes with vendors and improved rates.
- Identified and forged partnerships with third-party vendors for manufacturing after rigorous due diligence and background checks, resulting in significant cost savings of 20%.
- Implemented open Purchase Orders (POs) to establish minimum and maximum stock levels for medicines and Over-The-Counter (OTC) products, ensuring efficient stock management through vigilant monitoring.
- Ensured strict adherence to government regulations for the proper disposal of biomedical and hazardous waste, maintaining compliance and environmental responsibility.
- Proactively managed inventory levels to mitigate stock-outs and minimize losses from product expiration, adhering strictly to First-In, First-Out (FIFO) principles for inventory rotation.
Assistant Manager Procurement
Godrej Astec Life Sciences Ltd- A specialty chemical company into Agrochemicals
Mumbai
07.2017 - 02.2019
- Company Overview - An organization involved in the manufacturing of specialty agrochemicals such as fungicide, insecticide, and intermediate.
- Led the strategic procurement efforts for engineering essentials, serving both CapEx and OpEx requirements at the Godrej Agrochemical unit in Mahad, Maharashtra, ensuring operational excellence.
- Established and enforced meticulous purchase policies to optimize the Procure-to-Pay (P2P) cycle, aligning with ISO standards and audit mandates, while meticulously managing budget allocations.
- Remarkably, reduced the PR to PO conversion time from 25 days to just 10 days and significantly curtailed delayed deliveries from 15% to 3%.
- Orchestrated the successful CapEx procurement for a groundbreaking Green Field Project, totaling USD 20 Million, facilitating the development of a cutting-edge facility at Mahad, and meeting stringent timelines and project milestones.
- Strategically identified and evaluated vendors for critical assets such as glass-lined tanks, reactors, heat exchangers, firefighting systems, MEP (mechanical, electrical, plumbing), interior for site and admin building, HVAC, and more. Implemented innovative cost-saving measures like the razor and blade approach, resulting in a substantial 15% reduction in spare parts expenditure.
- Skillfully negotiated discounts with manufacturers for items under Annual Rate Contracts (ARC), leveraging strategic Vendor Managed Inventory (VMI) practices to achieve an additional 5% in cost savings across a range of essential utility items.
- Effectively negotiated rate contracts with contractors for mechanical, electrical, instrumentation, and civil requirements, ensuring cost efficiency and operational reliability in project execution and ongoing maintenance endeavors.
Buyer-Indirect Material
Axalta Coating Systems ( Earlier Dupont Performance coating-A US company into Car paints
Vadodara
10.2016 - 06.2017
- Company Overview: Earlier known as Dupont Performance Coating, the company is into paint manufacturing catering to the automobile and consumer goods industry.
- Played an integral role as a key member of the Buying team tasked with orchestrating the CapEx procurement process for a cutting-edge paint plant tailored to Original Equipment Manufacturers (OEMs).
- Collaborated closely with the engineering team to discern project requirements, meticulously identifying vendors, and soliciting competitive quotes in strict adherence to purchase policies.
- Leveraged advanced e-auction platforms, such as Ariba, to conduct transparent and efficient bidding processes for high-value assets, including storage vessels, pumps, motors, and fire hydrant systems, ensuring optimal procurement outcomes.
- Expertly finalized contractors in alignment with stringent safety and human resources policies of the plant, providing comprehensive training to ensure adherence to mandatory safety and HR protocols, thus fostering a secure and compliant work environment.
Assistant Manager-technical Goods and Services
Lanxess India Pvt. Ltd.- A German chemical organization
Ujjain
10.2013 - 10.2016
- Company Overview: Formerly Bayer AG. A $8 billion company in manufacturing of intermediate, specialty, and rubber chemicals.
- Led a proficient procurement team in the strategic acquisition of engineering essentials crucial for both Maintenance and CapEx initiatives at the plant level.
- Leveraging the AXPTA MRP system, we meticulously identified suppliers and sourcing opportunities across Mechanical, Electrical, Instrumentation, and Civil domains, while also successfully spearheading an HACCP project.
- Played a pivotal role in establishing a robust 4 MW Power Plant, ensuring seamless energy supply to meet the plant's operational needs, and provide essential steam for process efficiency.
- Managed the procurement of critical engineering assets, including boilers, reactors, heat exchangers, DG sets, HVAC systems, and various consumables.
- Our implementation of innovative methodologies, such as Minmax and Kanban, ensured optimal inventory levels and garnered recognition for timely project completion.
- Oversaw the acquisition of Bought Out Components, comprising regular consumables, bearings, pipes, cables, instrumentation items, and hardware, guaranteeing uninterrupted plant operations.
- Took charge of issuing Purchase Orders and contracting job work across Mechanical, Civil, Electrical, and Instrumentation domains, as well as logistics contracts and professional services essential for plant operations, HR, and administration.
- Fostered seamless collaboration across different divisions within the strategic business unit, optimizing procurement processes to negotiate competitive prices and leverage discounts for overall business enhancement.
- Collaborated closely with the Maintenance Team to achieve an 8% reduction in inventory levels, collaborated with transporters to trim logistics costs by 3% of the procurement expenditure, and liaised with the Design Team to ensure efficient utilization of non-moving inventory items.
Executive Purchase
Jubilant Industries Ltd- A Company into Paints and specialty chemicals
Gajraula
08.2011 - 10.2013
- Company Overview. A $3 billion Global company specializing in the production of diverse intermediate chemicals and paints
- Oversaw the procurement of vital engineering components essential for Fertilizer, Paint, and Food-Grade PVA plants, ensuring seamless operations across multiple sectors.
- Implemented a rigorous procurement process, systematically obtaining three quotes for each requirement, and meticulously aligning all purchase orders with the approved matrix for streamlined workflow.
- Contributed to the execution of Supplier Quality Process (SQP) audits and facilitated vendor comprehension of Six Sigma Quality Tools, enhancing overall quality standards and performance.
- Pioneered innovative strategies to minimize scrap production, optimizing resource utilization, and bolstering operational sustainability.
Education
Bachelor of Engineering- 2006-2010 - Mechanical
Agra College
Uttar Pradesh Technical University- LucknowDiploma in Pharmacy- 2019-2021 -
Maharaja Agrasen College of Pharmacy
Skills
- Strategic sourcing
- Materials management
- Supply chain management
- Vendor development
- ERP Implementation
- Inventory management
- Documentation
- Budgeting
Hobbies and Interests
- World market
- Stock market
- Current affairs
- Chess
Languages
- Hindi
- English
Timeline
Manager Project Procurement
Ion exchange (India) Ltd- A company into Waste Water Management
11.2023 - Current
Founder Member
Energico Pharmtek OPC pvt Ltd
02.2021 - 10.2023
Assistant Manager Procurement
Godrej Astec Life Sciences Ltd- A specialty chemical company into Agrochemicals
07.2017 - 02.2019
Buyer-Indirect Material
Axalta Coating Systems ( Earlier Dupont Performance coating-A US company into Car paints
10.2016 - 06.2017
Assistant Manager-technical Goods and Services
Lanxess India Pvt. Ltd.- A German chemical organization
10.2013 - 10.2016
Executive Purchase
Jubilant Industries Ltd- A Company into Paints and specialty chemicals
08.2011 - 10.2013
Bachelor of Engineering- 2006-2010 - Mechanical
Agra College
Diploma in Pharmacy- 2019-2021 -
Maharaja Agrasen College of Pharmacy
Similar Profiles
Prabhath BandaraPrabhath Bandara
Electrical Engineer at ION Exchange (India)LtdElectrical Engineer at ION Exchange (India)Ltd
PREETI MENDHEKARPREETI MENDHEKAR
Key Account Manager at Ion Exchange (India) Ltd.Key Account Manager at Ion Exchange (India) Ltd.
Vikas ShrotriyaVikas Shrotriya
Area Sales Manager at Ion Exchange India Ltd.Area Sales Manager at Ion Exchange India Ltd.