Vishal Bhalerao
Global Procurement Professional
Nashik
Summary
Self-starter, result oriented & energetic professional with a unique blend of sourcing different categories of the products, devising sourcing strategies for pharmaceutical companies and retailers.
Experience in Pharmaceutical, Healthcare, Retail and supply chain industry with proven skills of cost reduction, risk mitigation, alternate vendor development for external manufacturing as well as in-house manufacturing
Resourceful & adaptable to manage the demands of a fast-paced agile business environment. Comprehensive and innovative thinker, problem solver, team builder, risk taker and a quick decision maker.
Delivered cost saving of $ 9 Mn through strategic negotiations, new supplier qualifications and by fostering partnerships with the incumbent suppliers within last 2 years
Leading supplier consolidation effort for dietary supplements category with the $ 2.5 Mn synergy and supplier consolidation from 7 to 1 supplier
Grown India based buying in last 2 years from $ 40 Mn to $ 55 Mn for OTC drugs, new businesses awarded for dietary supplements creating new spend of $ 5 Mn.
Developed alternate sources for some critical dosage forms/products categories out of India for US market eg. Psyllium husk (brand equivalent), hemorrhoidal suppositories (brand equivalents), throat lozenges (brand equivalents), effervescent powders, and sem-solid dosage forms
Overview
11
11
years of professional experience
7
7
years of post-secondary education
1
1
Certification
4
4
Languages
Work History
Head of Healthcare Development
WBA Global Sourcing (Walgreens Boots Alliance entity)
Remote
1 2022 - Current
- Managing Spend base of approx. $ 55 Mn and supporting spend of approx. $ 15Mn for non health & wellness categories
- Established global sourcing strategy for health & wellness products and working for multiple global retail markets and business units
- Strengthened supply chains through market analysis, global sourcing, and strategies like de-risking China and reducing single-source dependence
- Developed procurement methods to deliver year-over-year cost savings across all product categories while maintaining high service levels
- Transitioned business to new India based suppliers as per project timelines to de-risk one country dependence and diversify supplier base
- Leading sourcing as well as quality function out of India for onboarding new contract manufacturers for OTC, supplements as well as devices category
- Managed product development projects for OTC drugs, dietary supplements and beauty, personal care products
- Crafting sourcing and procurement methodologies for new products in supplements category.
Senior Manager, Health & Wellness Global Sourcing
Walmart Global Sourcing (Walmart Inc entity)
Bengaluru
01.2021 - 12.2021
- Managed product development projects for over-the-counter drugs, supplements, and personal care categories
- Collaborated with supplier partners & Walmart associates in merchandizing, marketing, sourcing, quality, and compliance to launch private label products according to modular schedules
- Identified opportunities to drive category success by improving product performance, refining assortment and reducing costs
- Closely collaborated with Indian suppliers for 'Win In India' strategy for sourcing of multi-billion dollar health & wellness products for regulated markets out of India
- Provided insights to merchants by devising product supplier integration model and country of origin integration assessment
- Established global sourcing strategy for health & wellness products and working with multiple global retail markets and business units to support target of buying $ 10 Bn worth products out of India (H&W inclusive of total $ 10 Bn)
Manager - Global API Sourcing & Procurement
Lupin Limited
Mumbai
11.2017 - 12.2020
- Commercial procurement of APIs for regulated markets
- Spend base USD 40 Mn
- Leading critical high value negotiations and ensure appropriate contract is established
- Strategic procurement of APIs to ensure on time material delivery
- Participation in S&OPs on monthly basis for smoother planning and to give update on critical materials to management
- Prepare annual budget for category and draw up procurement strategy for year and ensure execution
- Monitor spends thru monthly reports
- Leading AVD projects for Lupin & it's subsidiaries across different geographies & multiple regulatory frameworks
- Pivotal team member in implementing API source changes as well for site transfer projects
- Cultivated partnerships with external stakeholders to maximize business opportunities and extend network reach
- Ensuring regulatory compliances as per required regulatory bodies - US FDA, EQM, TGA, PMDA, ANVISA & Cofepris
- Assisted in organizing and overseeing assignments to drive operational excellencePart of company's cost saving initiate - Project Inspire
- Savings delivered USD 5 Mn.
Manager - Supply Chain
Hexagon Nutrition Pvt Ltd
Nasik
04.2017 - 10.2017
- Managed team of team of 10 people, 5 in purchase & 5 in warehouse management
- Managed procurement of vitamins, minerals, amino acids, dairy products & dietary supplements - soya protein isolates, whey protein concentrates & hydrolysate, dietary fibers etc
- Managed procurement of primary packaging materials like laminates, foils, tablet dispensers, secondary packaging materials like tins, jars, cartons & tertiary packaging materials like corrugated boxes etc
- Implemented OTIF to assess performance of team
- Coordinated with cross functional teams for smooth implementation of OTIF, new product developments, product substitution
- Handled logistics for domestic as well import consignment
- Vendor Relationship Management of all domestic as well as overseas suppliers
- CAPEX purchase - procurement of HEPA filters, RO water system, plant expansion, machinery procurement etc
- YTD July 2017 savings against budgeted procurement of Rs
- 16 Cr stands at Rs 2.2 Cr.
Senior Procurement Executive - Supply Chain
Lupin Limited
Mumbai
03.2013 - 04.2017
- Managed procurement of key starting materials (KSMs) and intermediate for API production with spend base of approx. $ 20 Mn
- Also responsible for procurement of precious metal catalysts
- Managed job works at multiple locations
- Developed strategic buying of KSMs with option of short term / long term contracts, alternate sourcing from low-cost countries like China, backward integration for KSM's by third part manufacturing, intermediates and implementing idea of outsourcing
- Developed, negotiated and managed agreements with preferred suppliers on global and regional level
- Initiated alternate vendor development project for cost reduction and risk mitigation
- Worked across cross functional teams and liaised with planning, manufacturing, quality, warehouse, regulatory and logistics team
- Successful implementation of AVD projects done during this period ensured continued supply of KSMs & intermediates during China crisis due to pollution issues.
Education
MBA in Production and Material Management - Operations Management
University of Pune, JDC Bytco Institute of Management Studies And Research
Nasik, Maharashtra 06.2010 - 05.2012
Post-Graduate Diploma in Import & Export Management -
University of Pune, JDC Bytco Institute of Management Studies And Research
Nasik, Maharashtra 06.2011 - 05.2012
B. Pharmacy in Pharmaceutical Sciences -
University of Pune, MGV's Pharmacy College
Nasik, Maharashtra 08.2006 - 05.2010
Skills
Vendor Relationship Management
undefinedResearch Projects
- A study to monitor adverse drug reactions of antihypertensive drugs, 11/2009, 03/2010
- A study to monitor adverse drug reactions of oral hypoglycemic drugs, 11/2009, 03/2010
Certification
ISO 9001:2015 Internal Auditor
Timeline
ISO 9001:2015 Internal Auditor
09-2023
Senior Manager, Health & Wellness Global Sourcing
Walmart Global Sourcing (Walmart Inc entity)
01.2021 - 12.2021
Manager - Global API Sourcing & Procurement
Lupin Limited
11.2017 - 12.2020
Manager - Supply Chain
Hexagon Nutrition Pvt Ltd
04.2017 - 10.2017
Senior Procurement Executive - Supply Chain
Lupin Limited
03.2013 - 04.2017
Post-Graduate Diploma in Import & Export Management -
University of Pune, JDC Bytco Institute of Management Studies And Research
06.2011 - 05.2012
MBA in Production and Material Management - Operations Management
University of Pune, JDC Bytco Institute of Management Studies And Research
06.2010 - 05.2012
B. Pharmacy in Pharmaceutical Sciences -
University of Pune, MGV's Pharmacy College
08.2006 - 05.2010
Head of Healthcare Development
WBA Global Sourcing (Walgreens Boots Alliance entity)
1 2022 - Current
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