Prakhar Srivastava

About Prakhar Srivastava

Seasoned professional with a passion for revolutionizing procurement and supply chain. With over 10+ years of experience in driving procurement strategy and transformation, my expertise lies in strategic sourcing, spend analysis, category strategy design and implementation, Negotiation, E-auction, RFQ analysis, AI/ ML enabled Digital Procurement Transformation.Throughout my career, I have partnered with 20+ organizations, spanning a wide range of industries and revenue scales from $100M to $50B. By harnessing the power of negotiations and technology, I have consistently unlocked approximately 5-25% cost reduction propelling companies towards profitability. I am sought after as a trusted expert, providing strategic guidance on procurement and supply chain strategy design & implementation, cost opportunity identification, strategic sourcing, spend analysis, RFQ, Negotiation, E-auction, RFQ analysis, Digital Procurement Transformation, and deployment of cutting-edge digital solutions.My leadership extends beyond the boardroom. I possess a natural ability to lead cross-functional teams, both internal and client-facing, enabling seamless execution of procurement transformation engagements. By fostering collaboration, increasing operational cadence, and inspiring peak performance, I consistently deliver positive business outcomes- Core Competence -> Strategic Sourcing & Procurement> Digital Procurement Transformation> Building Procurement specific Digital Products> Cost reduction levers across industries> Stakeholder and Program management> Problem-Solving> Leading Cross Functional Teams-Technologies and Methodologies-> Tableau> Alteryx> Coupa> Scout> Orpheus> MS office - Excel, Outlook, PowerPoint, Word

Experience

1. Global Transformation Lead - Procurement

   Unilever

   Apr 2024 — Present · Bengaluru, IN

   1) Designed, Developed and Implementing strategic initiatives to optimize Unilever €7Bn indirect spend global portfolio, delivering €500M savings through Total Cost of Ownership (TCO) approach.2) Pioneered procurement analytics platform integrating AI/ML, latest tech, and market insights to drive and sustain continuous savings.3) Skilled in managing senior leadership expectations, leading 10+ member team, and partnering with procurement, IT, finance & other functional stakeholders to drive aligned, high-impact projects.4) Driving development of an autonomous procurement platform (intake to PO) integrating Gen AI for intelligent routing, RFP analytics, and automated negotiation

Education

• Motilal Nehru National Institute Of Technology

  Bachelor of Technology (B.Tech.), Mechanical Engineering

• Dr.V.S.E.C Awadhpuri

  High School

  2007 — 2008

• Quantic School of Business and Technology

  Master of Business Administration - MBA, Business Administration, Management and Operations

• Dr.V.S.E.C Awadhpuri

  Intermediate

  2009 — 2010