Satyaranjan Sahoo

Head Of Procurement, Pune, Maharashtra, India

Professional Overview

Satyaranjan Sahoo is an accomplished procurement and supply chain management professional with over 12 years of experience in the insurance industry. As the Head of Procurement at Digit Insurance, he is responsible for leading the company's strategic sourcing initiatives, streamlining procurement processes, and ensuring cost-effective and efficient supply chain operations.

Experience Summary

Current Role
Head Of Procurement, Digit Insurance (April 2021 - Present)

• Oversees the procurement function, including sourcing, vendor management, and contract negotiation, for Digit Insurance's nationwide operations

• Drives process improvements and policy enhancements to enhance procurement efficiency, transparency, and compliance

• Spearheads cross-functional collaboration to align procurement strategies with the company's business objectives

• Achieved a 15% reduction in overall procurement costs within the first year of taking on the role

Career Progression
Senior Manager Finance (Procurement), Digit Insurance (March 2019 - March 2021)

• Managed the procurement function and implemented cost-saving initiatives, resulting in a 12% reduction in annual procurement expenditure

• Developed and executed effective supplier relationship management strategies to improve service levels and ensure timely delivery of goods and services

Manager (Rewards & Recognition), Bajaj Allianz Life Insurance Company Limited (May 2010 - March 2019)

• Designed and implemented a comprehensive rewards and recognition program that boosted employee engagement and productivity by 18%

• Spearheaded the introduction of a sales incentive plan that increased sales performance by 22% across the organization

Sr. Branch Manager, Bajaj Allianz Life (April 2008 - May 2010)

• Oversaw the operations and performance of a regional branch, leading a team of 25 sales professionals

• Exceeded sales targets by 17% and achieved a customer retention rate of 85% through effective team management and customer-centric strategies

Academic Background

• Master of Business Administration (MBA), Finance, Symbiosis Institute of Management Studies, Pune

• Bachelor of Commerce (B.Com), University of Pune

Areas of Expertise

• Strategic Procurement and Vendor Management

• Supply Chain Optimization

• Cost Reduction and Savings Initiatives

• Procurement Policy Development and Implementation

• Cross-Functional Collaboration and Stakeholder Management

• Performance Monitoring and Reporting

Professional Impact

• Recognized as a thought leader in the procurement and supply chain management domain, frequently invited to speak at industry events and conferences

• Served as a member of the Procurement Council at the Insurance Institute of India, contributing to the development of best practices and industry standards

Conclusion

With his proven track record of driving procurement excellence and supply chain optimization, Satyaranjan Sahoo is a valuable asset to Digit Insurance. His strategic vision, operational expertise, and cross-functional leadership skills make him well-positioned to continue propelling the company's procurement function to new heights of efficiency and cost-effectiveness.