Prashant Rao Email & Phone Number

Magnolia, TX, US

Sourcing and Category Management Advisor to a $6 billion gas and electric utility in California

GB

Focus areas included - Procurement transformation and modernization - assessing current state capabilities, identifying quick wins and developing recommendations and road maps to implementing high performance procurement functions incorporating leading practices- Supporting S2P process re-design and optimizations to enable higher efficiencies.

Houston, Texas, US

• Responsible for managing relationship with IT's largest service provider with over $150m in annual spend. Negotiated new contracts and renewals, managed and successfully resolved long outstanding disputes over $10m to.
• Led several sourcing events for large/complex IT services projects. Regarded as a key SME in drafting and negotiating complex SOWs, identifying and articulating key SLAs
• Identified internal cost savings and efficiency opportunities in the P2P process.

Southlake, Texas, US

• Key member of new CPO team, working closely with Private Equity investment firms Procurement COE, to drive transformation of a US centric contract administration department into a global procurement organization.
• Developed processes, policies and implemented enabling technologies (Fieldglass, Ariba CLM, P2P) to improve visibility and control on spend, increased addressable spend under management from 20% to over 80% by.
• Introduced and established spend analytics and risk based strategic sourcing and category management practices.
• Managed a team of 14 category managers globally.
• Set up regional procurement teams in India, Poland and Urugual. Set up a shared services procurement operations team in India focused on tactical activities, category research, P2P operations, procurement support and.
• Introduced and promoted the use of outcome/deliverables based sourcing models on large complex ITO/BPO projects, achieving 25-70% cost savings over legacy staff augmentation sourcing models.

Led the design and implementation of a Vendor Management and Governance Office to oversee, manage and govern the transition and delivery of a global $110 m/year IT services outsourcing initiative.

Houston, Texas, US

• Drove shared services and outsourcing strategy, planning and execution for customer experience/call center organization to drive cost reductions, service standardization and quality improvement.
• Set up the Enterprise Program Management Office. Constructed and rationalized an enterprise project portfolio reducing over 180 projects to 42 large projects ($10m to $300m) to optimize ROI and resource utilization.
• Facilitated stakeholder discussions and developed a complex and comprehensive business case, financial model and execution plan for a $200 million order-to-cash transformation project.

Houston, Texas, US

• Led the development of an enterprise-wide product development, maintenance and support outsourcing and offshoring strategy to identify over $200 million in potential cost savings.

Worldwide, OO

• Led sales and delivery of large, complex, multi-stakeholder engagements for the strategy, execution and governance of shared services, outsourced and offshored service delivery. Engagements led included:o Developed.

Amsterdam, NL

• Led sales and delivery of large, complex, multi-stakeholder sourcing engagements. Exceeded sales, revenue and customer satisfaction targets consistently. Engagements include:o Co-authored firm’s global methodology and.

Chicago, Illinois, US

Wore multiple hats in this startup company to provide IT consulting, driving business development, talent acquisition and engagement delivery

Mba, Operations & Marketing

Bachelor Of Technology, Engineering