Prashant Shirsath
Strategic Sourcing, Procurement, Planning, Inventory Management And Supply Chain
Mumbai
Summary
Accomplished procurement leader with expertise in strategic sourcing and supplier relationship management at Delius Pharma Pvt Ltd. Proven track record in cost reduction and supply chain optimization, saving Rs. 3 CR through vendor development. Expert in API and excipient procurement, global vendor development. Strong analytical thinking and effective communication skills drive successful negotiations and project management, ensuring compliance and quality standards. Proficient in SAP (MM/APO).
Overview
20
20
years of professional experience
3
3
Languages
Work History
Head of Purchase
Delius Pharma Pvt Ltd
01.2025 - 11.2025
- Global sourcing, strategic sourcing, commercial procurement of RM (API and excipients).
- Negotiated contracts with suppliers for optimal pricing, quality, and delivery terms.
- Conducted market research to identify new suppliers, and obtain competitive quotations.
- Reduced order lead times by working closely with suppliers to expedite shipments when necessary.
- Trained the purchasing team to assess vendor capabilities, develop sources, and evaluate vendor performance.
- Recorded price histories, vendor relationship issues, and purchasing document terms.
- Optimized supply chain operations by identifying areas for improvement and implementing appropriate solutions.
- Facilitated continuous improvement within the purchasing department by regularly reviewing processes and practices for potential enhancements.
- Collaborated with internal stakeholders to create timely and accurate purchase orders.
- Evaluated supplier performance through regular reviews, addressing any issues or concerns promptly.
- Communicated regularly with suppliers to uphold accountability for quality standards and timely delivery of goods.
- Generated reports on purchasing activities to support management decisions.
Manager Purchase
Ashish Life Science Pvt Ltd
08.2024 - 11.2024
- Global sourcing, strategic sourcing, commercial procurement of RM (API and excipients), and negotiations with vendors.
- Developed risk mitigation strategies to protect against potential disruptions in the supply chain.
- Coordinated logistics activities related to transportation, shipping, and warehousing of purchased goods.
- Reduced order lead times by working closely with suppliers to expedite shipments when necessary.
- Conducted re-negotiations with vendors on rejections, disposition and adjustment of purchased materials not meeting specifications.
- Streamlined vendor payment process by collaborating with finance department on invoice reconciliation efforts.
- Enacted policies while avoiding shortages of critical materials and supplies.
- Analyzed spend data to identify cost-saving opportunities across various categories and suppliers.
- Collaborated with cross-functional teams on new product launches, coordinating purchasing activities accordingly.
- Collaborated with key stakeholders to facilitate delivery and compliance with purchasing strategy.
Deputy Manager Procurement
Strides Pharma Science Ltd.
08.2023 - 08.2024
- Improved team efficiency by streamlining processes and implementing innovative management strategies.
- Identified areas for improvement within the department, implementing strategic initiatives to address gaps in performance or resources.
- Collaborated with cross-functional teams to drive business growth and achieve corporate objectives.
- Increased customer satisfaction levels by developing targeted strategies to address client concerns effectively.
- Developed strong relationships with stakeholders to facilitate smooth communication and project completion.
- Supervised day-to-day operations to meet performance, quality and service expectations.
- Sourcing of RM and vendors,
negotiations with vendors. - alternate vendor development for risk managment, Exhibit Batch planning,
cross functional meetings. - Resolving quality issues of vendor, handling CAPA for rejection or OOS materials.
- Payment clearance with Accounts (LC, Advance, and DA payments).
- Coordinating Logistics for shipment and Licensing team, supplier performance, advance licensing, Bond documents preparation.
- Bond documents preparation, service levels.
- Making comparison, supplying on time materials with right quality and quantity, planning procurement with long term and short-term shortages plan, Product launch work closely on Contracts agreements (CDA, Technical agreements and Supplier agreements), maintain prices for RM’s in SAP, making PO’s and various reports for
daily work.
Supply Chain Manager
Kopran Ltd
04.2022 - 07.2023
- Tracked and monitored purchase orders, deliveries and invoicing to verify accuracy and compliance.
- Managed procurement activities, driving cost savings through strategic sourcing and contract negotiations.
- Reduced lead times for product deliveries through effective supplier management and communication strategies.
- Implemented inventory-management strategies to maximize availability and decrease waste.
- Optimized warehouse operations, resulting in improved order fulfillment rates and reduced order processing time.
- Implemented data-driven decision-making processes, leading to more accurate demand forecasting and reduced stockouts.
- Improved supply chain efficiency by streamlining processes and implementing cost-saving measures.
- Oversaw demand planning, purchasing, and logistics.
- Developed strong vendor relationships to ensure timely delivery of materials and maintain high-quality standards.
- Monitored and tracked supplier performance to enforce adherence to quality standards and established timelines.
- Spearheaded cross-functional teams focused on continuous improvement initiatives within the supply chain function.
- Established inventory targets, stock level, and risk mitigation targets and managed flexibility strategy to optimize inventory.
Senior Purchaser and Sourcing
Lupin Ltd
09.2019 - 03.2022
- Enhanced supply chain efficiency by implementing strategic sourcing and procurement processes.
- Conducted market research to stay informed of industry trends, emerging technologies, and opportunities for cost reduction or efficiency improvements.
- Managed supplier performance through ongoing scorecard evaluations and periodic business reviews, resulting in stronger partnerships and reduced supply chain disruptions.
- Collaborated cross-functionally with engineering, manufacturing, and quality teams to ensure timely delivery of materials for production schedules.
- Participated in annual budgeting exercises by providing expert guidance on projected material costs based on historical trends analysis and future business forecasts.
- Prepared comprehensive reports on purchasing activities to support senior management decision-making processes.
- Identified potential suppliers for new products, ensuring competitive pricing and quality standards.
- Streamlined purchasing procedures, improving overall departmental productivity and accuracy.
- Coordinated with legal counsel on contract reviews ensuring compliance with corporate guidelines while mitigating potential risks exposure in procurement transactions.
- Developed key performance indicators to monitor supplier performance and drive continuous improvement initiatives.
- Reduced costs and lead times through effective supplier negotiations and relationship management.
- Sourced vendors, built relationships, and negotiated prices.
- Purchased new products and oversaw inventory stocking and availability.
- Preparing orders for exhibit batches and production units.
- Preparing Peso license formalities for compressed gases.
- Making comparative statements, system hygiene, and vendor audit.
Strategic Sourcing Specialist
Glenmark Pharmaceuticals
05.2016 - 09.2019
- Developed requests for proposal and issued requests for quotes to support sourcing efforts.
- Managed and developed relationships with suppliers to attain maximum cost efficiency and leverage buying power.
- Monitored labor markets and conducted market intelligence to optimize savings and run rate.
- Developed and implemented strategic purchasing procedures and control systems to reduce direct costs and carrying costs.
- Collaborated with strategic partners to develop and manage key performance indicators and quality assurance processes.
- Liaised with internal and external stakeholders to identify and leverage contract value opportunities.
- Streamlined portfolio, negotiated payment terms and promoted spending transparency to support cross-disciplinary goals.
- Analyzed spend data to identify and execute cost-savings, cost-avoidance and value analysis opportunities.
- Delivered procurement impact savings in accordance with Plannin and Marketing objectives.
- Collaborated with internal stakeholders to understand business needs and develop appropriate sourcing solutions accordingly.
- Optimized inventory levels by coordinating demand planning activities with supply chain partners, reducing stockouts and excess inventory costs.
- Enhanced procurement efficiency through implementation of best practices in process improvements, documentation management, and reporting automation tools usage.
- Improved risk management practices by assessing supplier risk profiles and implementing robust mitigation strategies where necessary.
- Supplier agreement, CDA, and preparation of purchase orders, cross-functional discussions, and meetings for continuous improvement, vendor audit.
- Supporting the intellectual property rights team with documents, and arranging documents for regulatory filing.
- Code creation in the SAP system, applying documents for import shipment.
- Led cross-functional project teams in executing complex sourcing projects within tight deadlines, ensuring optimal results under pressure.
- Managed vendor relationships effectively, ensuring timely communication and issue resolution for optimal partnership outcomes.
- Evaluated supplier proposals thoroughly based on quality, cost competitiveness, lead time commitments, reliability history assessment of financial stability.
- Negotiated favorable contract terms for cost savings, leading to improved profit margins and reduced expenses.
- RS. 3 CR saved on alternate vendor develpment in FY
2017-18.
Assistant Manager Purchase
Vital Health Care Pvt Ltd
06.2015 - 05.2016
- Enhanced inventory control by implementing a comprehensive stock management system.
- Procurement of raw materials, lab chemicals, consumables, glassware, and tertiary packing materials locally.
- Procurement planning and inventory management.
- Regularizing material receipt, making PO, sending to vendors, and following up with vendors.
Assistant Manager Purchase
FinOrion Pharma India Pvt Ltd (Subsidiary of Orion Corporation Finland)
03.2011 - 05.2015
- Negotiated favorable payment terms with suppliers, improving cash flow management for the organization.
- Conducted market research to identify new suppliers, expanding the company''s vendor network and increasing competitive advantage.
- Evaluated contract bids and proposals to ensure alignment with company needs while maintaining strict adherence to budgets.
- Continuously monitored market trends to stay informed of changes that could impact product availability or pricing structures.
- Strategic sourcing for new material, and alternate and new vendor development. Negotiation with vendors, maintaining quality with the quality team for further procurement.
- Cross-functional communication and discussion, such as legal, quality, RA, PPIC, and production. Follow up timely for vendor payments.
- Arranging qualification documents for scale-up, exhibit batch, and complete commercialization of material.
- Leveraged data-driven decision-making tools to analyze spend trends and identify opportunities for further savings.
- Oversaw budget planning and forecasting for the purchasing department, identifying areas of opportunity for cost reduction.
- Streamlined internal communication channels between departments, improving collaboration on procurement initiatives.
- Implemented a robust risk management strategy to mitigate potential disruptions in the supply chain.
- Collaborated with cross-functional teams to achieve optimal supply chain performance, aligning business goals with procurement strategies.
- Developed and maintained key performance indicators for supplier evaluation, ensuring the highest level of quality and on-time delivery from vendors.
- Reduced order lead times through effective supplier negotiations and strong vendor relationships.
- Ensured regulatory compliance throughout all stages of the procurement process, reducing potential legal risks associated with non-compliance issues.
- Orion Corporation, Finland, arranged a one-month visit to Finland in January 2012 for a vendor visit.
Executive Procurement
Reliance Life Sciences Pvt Ltd
07.2009 - 02.2011
- Established long-term client relationships through consistent delivery of high-quality products and services.
- Enhanced customer satisfaction by streamlining communication channels and improving response times.
- Developed innovative solutions to complex problems, resulting in improved organizational performance.
- Mentored junior staff members for accelerated career growth, developing future leaders within the organization.
- Collaborated with stakeholders to develop actionable strategies that aligned with corporate goals and objectives.
- Managed cross-functional teams for successful project completion within budgetary constraints and deadlines.
- Optimized supply chain operations, ensuring timely delivery of products while minimizing logistics costs.
- Reported issues to higher management with great detail.
Microbiologist
Vital Heath Care Pvt Ltd
06.2005 - 05.2007
- Conducted routine environmental monitoring surveys to assess microbial presence in manufacturing facilities, ensuring product safety and quality control.
- Reduced contamination risk by maintaining a sterile laboratory environment and adhering to safety protocols.
- Attended industry conferences to broaden knowledge.
- Scheduled and trained technical staff members.
- Sterility testing, environmental monitoring, DM water testing, in-process environmental monitoring, bioburden test.
Education
MBA - Production And Materials Management
SVPM Institute of Managment Baramati (University of Pune)
Baramati, India 04.2001 -
Master of Science - Biochemistry
North Maharashtra University
Jalgaon, India 04.2001 -
Skills
Financial acumen
Cost analysis
Supply chain optimization
Supplier relationship management
Strategic sourcing
Demand forecasting
Procurement planning
Global sourcing
Purchase order management
Price negotiation
Contract negotiation
Cost reduction
Quality assurance standards
Vendor relationship management
Supplier negotiation
Document preparation
Strategic planning
Supply chain management
Compliance management
Project management
Process development
Account management
Data analysis
Data analysis
Cost controls
Multitasking
MS office
Inventory management
ERP software
Teamwork and collaboration
Documentation and reporting
Analytical thinking
Time management abilities
Effective communication
Decision-making
Process improvement
Pricing updates
Materials management
Purchase orders
Written communication
Problem-solving
API & Excipients Sourcing
R&D Chemicals sourcing
New and alternate vendors development
Lab chemicals and instruments procurement
Exhibit batch material planning and ordering
Proficient in SAP (MM) & APO & SAP HANA
Accomplishments
- Supervised team of 3 staff members.
- Managed purchasing operations for 4 locations.
Timeline
Head of Purchase
Delius Pharma Pvt Ltd
01.2025 - 11.2025
Manager Purchase
Ashish Life Science Pvt Ltd
08.2024 - 11.2024
Deputy Manager Procurement
Strides Pharma Science Ltd.
08.2023 - 08.2024
Supply Chain Manager
Kopran Ltd
04.2022 - 07.2023
Senior Purchaser and Sourcing
Lupin Ltd
09.2019 - 03.2022
Strategic Sourcing Specialist
Glenmark Pharmaceuticals
05.2016 - 09.2019
Assistant Manager Purchase
Vital Health Care Pvt Ltd
06.2015 - 05.2016
Assistant Manager Purchase
FinOrion Pharma India Pvt Ltd (Subsidiary of Orion Corporation Finland)
03.2011 - 05.2015
Executive Procurement
Reliance Life Sciences Pvt Ltd
07.2009 - 02.2011
Microbiologist
Vital Heath Care Pvt Ltd
06.2005 - 05.2007
MBA - Production And Materials Management
SVPM Institute of Managment Baramati (University of Pune)
04.2001 -
Master of Science - Biochemistry
North Maharashtra University
04.2001 -