Over the career period grown from Supply Chain and Operations & into business management function as well. Moved through various phases of a COO's career path : from being a Supply Chain and Operations expert to a generalist with operational capabilities; a performance manager with focus on strategic cost management, planning and processes & systems; and a growth champion leading M&A efforts and supporting the CEO in formulating growth drivers. Developed strong capabilities in related business areas like organization design & development, building key business processes with IT-based systems backbones, business controls & risk management (beyond the traditional financial risks), business performance measurement & management, business strategy & tactics, conceptualizing new growth drivers, strategic cost management, measuring intrinsic business value, business forecasting & improving the predictability of business models. Extensive experience in global sourcing, vendor identification, development and analytical assessment, to strengthen supply chain effectiveness. Demonstrated cross-functional knowledge with proven operational success. Proactive planner with the ability to nurture credibility and confidence with management and plant personnel. An individual that derives genuine pleasure from transforming high-potential staff into outstanding leaders demonstrating the creativity critical to financial and operational success. High-impact team player with proven ability to slash inventory variances and error rates through strong management practices and strict adherence to policies and procedures. SIGNIFICANT ACCOMPLISHMENTS Business and Functional Leadership Chief Operating Officer for the fastest growing Canadian Generic Pharmaceuticals company. Successfully developing supply chain operations with sourcing and procurement responsibilities from across the globe, managing and aligning the financial systems with changing accounting standards. Developing and implementing complete global supply chain management solutions and processes. Comprehensive understanding of competitive global business environments and varying cultural aspects. This helped the company to be awarded Canada’s Best Managed Companies three times in a row. Vice President of North American Operations for a global pharmaceutical company. Selected to setup financial and supply chain function in the company with full responsibility for demand and production planning, designing system processes (including IT Systems), scheduling, inventory management, warehousing, distribution and all-in-all supporting annual global revenues of $1 billion with a client base in over 50 countries. Responsible for several acquisitions between 2005 and 2013 which subsequently accounted for 20% of the company’s total revenue. Recognized opportunity and proactively worked on cost reduction of finished products which helped in reducing the overall product cost by over 8%-10%, a significant amount in a GC business of generic pharmaceuticals. This lead to substantial saving in the last five years of US Operations. Responsible for the P&L with a gross revenue of close to CAD100 Million with an EBITA of around two digits millions. Saved up to hundreds of thousands of dollars by identifying business processes which are time consuming and labor intensive. Achieved inventory variance levels as low as 0.02% on inventory valued at over $25M in US. Successfully managed an exponential SKU growth and customer growth. “I worked with Vipul over a three+ year period as President of DDN when he launched Torrent's business in the U.S. His experience in supply chain was unsurpassed and I often sought his advice when DDN faced particularly complex warehousing issues. Vipul has great emotional maturity and strong leadership skills. He rarely gets frustrated, even in the face of very challenging events and is always looking forward toward the fastest and best outcome. While we engaged in sometimes difficult negotiations from time to time, Vipul was always fair, factual and we were always able to agree on mutually acceptable terms. I would unconditionally recommend Vipul and would enjoy working either with or alongside him again.”- Ross Bjella, CEO at Alithias, Inc. “extremely dedicated and detail oriented person who has excellent leadership skills and is a natural problem solver. In addition, he has extremely easy going personality and great people skills which make him a pleasure to work with. He has a vast knowledge of not only the commercial aspects of the pharmaceutical business, IT and SAP but also processes improvement and implementation of innovative ideas”..Dagmar Nelson,Manager, Regulatory Affairs at Torrent Pharma Canada Inc. “Vipul was an integral component of the senior management team that launched Torrent in the U.S. and his contributions have been significant toward Torrent's success. His technical skills and business acumen have served him well at Torrent” Jim Devers, V.P. Of Sales at Torrent Pharma 2 Authored the several procedural instruction manuals. Implemented KPIs / KRAs / Dashboards both for Internal and External customers. Dissected financials of companies in completing the due diligence process of an M&A transaction and prepared financial models to decide the NBO value. Technology Leadership Led the Supply Chain team responsible for implementing SAP in India, Germany, US and Canada. Also worked on developing / implementing several auxiliary software to support effective business operations. Designed and implemented hardware, networking, and software strategies for German and US subsidiaries. Start-up Operations / Multi-unit operations management Vendor sourcing & negotiating & contract management Contract negotiations Procedures development Project planning & management Data & root cause analysis Troubleshooting Change management Team building Sales programs Multimillion-dollar P&L management Sales, product, market analysis Customer relations & satisfaction Production planning strategy Risk management & inventory control World Class Manufacturing processes Global transportation logistics Critical issue resolution Cost analysis & budget planning and control Capital planning & improvement Financial management and reporting Continuous Improvement, Lean Six Sigma, Kaizen, 5S Reduced the personnel head count by over 30 people through various automations.
Reporting to the President/CEO. Responsible for Operations which includes Supply Chain, Warehousing, Logistics, Finance, Accounting, IT, Quality, Sourcing and procurement of all direct materials and services Quality Function, Finance and Accounting.
Turned around the company from red to black in less than 2 years and finally lead the company to getting in the elite league of Canada’s Best Managed Companies making Mint Pharmaceuticals Inc to be the first Pharmaceuticals company in Canada to be awarded this coveted award. We successfully retained the title for 3 years in a row and are confident of retaining it in 2021 despite the Global Pandemic and unprecedented times.
Managed the company revenue growth over 5 years CAGR of 21% and Unit CAGR growth of over 30%.
• Steered the company from red to black in less than 2 years and started paying dividends in the last three years. ROE of over 80% in last two FY. P&L Responsibility for $100 million company.
• Developed a comprehensive company wide culture of continuous improvement via implementation of a mix of Lean Management, Six Sigma, Kaizen and 5S. This helped company to reach the finals of Canada'
• Drove organizational process changes, restructuring procurement organization, introducing lean six sigma management concepts and redefining roles and responsibilities to improve operational performance of the Operations Team.
• Designed and implemented SAP in a record time of 95 business days with several automation initiatives leading to reduction in manual work load and bringing operational excellence.
• Designed and implemented cost center concept and budgeting.
• Designed and implemented a Customer Portal integrating independent pharmacies to SAP and providing them seamless information on the product availability, ordering, and commercial information.
• All Fill rates in high 90s
• Reduced DSI and DSO significantly thus impacting the bottom line of the company in this competitive market.
• Introduced visualization processes for managing and improving critical supplier performance.
• Identified cost drivers to improve cost optimization.
• Policy formation, development of new SOPs and WI with respect to the changes imminent due to Change in Business Software.
• Aligned business process to ensure that there are no more disjointed business process and the processes are governed by the ERP system to avoid noncompliance issues