“I've gotten to know Pratik over the last several years. He has a cutting edge business acumen and an enthusiastic desire to succeed. His skills include management, strategic procurement, and informational technology while being very process driven. I have found him to be a pleasure to work with as he is always willing to learn, high energy, and extremely up beat. His knowledge, global experience, and integrity is an asset to any company.”
About
Business/Engineering background,19 years of direct materials and indirect procurement…
Activity
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GET OVER YOURSELF Yesterday, I traveled to Mastercard headquarters in St. Louis, Missouri, to host a branding day for its African-American BRG…
GET OVER YOURSELF Yesterday, I traveled to Mastercard headquarters in St. Louis, Missouri, to host a branding day for its African-American BRG…
Liked by Pratik Patel
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Mastercard is advancing AI across domains - Category 1) Toil Elimination Category 2) Support and Assistance Category 3) Things humans could/never…
Mastercard is advancing AI across domains - Category 1) Toil Elimination Category 2) Support and Assistance Category 3) Things humans could/never…
Liked by Pratik Patel
Experience
Education
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University of Cincinnati
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Activities and Societies: IIE (President), Engineering Tribunal, Circle K
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Licenses & Certifications
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St. Louis Business Diversity Initatiive - Initative Fellow
St. Louis Regional Chamber
IssuedCredential ID Nominated program - Cohort 7, 1:10 sec. into video for what I like about program -
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Effective Negotiations
KARRASS
IssuedCredential ID Influenced 5 functions in 6 countries - over 60+ people to take the class -
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Volunteer Experience
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Advisory Board Member
Tadah Today
- Present 11 months
Poverty Alleviation
Non-profit - focused on creating opportunities where opportunities would not exist and use the funds from platform to enable the next generation to thrive
Courses
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2 week Research project for MBA in London
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Projects
Honors & Awards
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SIA 2023 - Game Changer
Staffing Industry Analysts (SIA)
Recognized by SIA as Gamechanger for 2 areas - the holistic understanding of risk with the creation and execution of capability matrix in the positioning of suppliers in a supplier segmentation strategy and the journey we are pushing with our supply base towards Net Zero.
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CFO Award - Centralizing all SOW contingent workers
Chief Financial Officer - Mastercard
Process efficiency - reduce 1000’s requisitions, streamline accruals/approvals of invoices, establish standard work around agreements to manage all resources in tool, risk evaluation to reduce execution of labor needs to less than 5 days! Reduce the number of roles/levels by 80%, establish benchmarked/competitive fixed rates for T&M resources, build a standard rate card template for all roles. Build governance for any approvals over rate card - full control of all resources in a centralized…
Process efficiency - reduce 1000’s requisitions, streamline accruals/approvals of invoices, establish standard work around agreements to manage all resources in tool, risk evaluation to reduce execution of labor needs to less than 5 days! Reduce the number of roles/levels by 80%, establish benchmarked/competitive fixed rates for T&M resources, build a standard rate card template for all roles. Build governance for any approvals over rate card - full control of all resources in a centralized tool
Cost efficiency: Build reporting capabilities to drive the right behavior/awareness of outliers of cost. Build governance for approvals of all rates above established rate card (full control of all rates for 3000+ contingent workers) -
Author - Buyer Reality - Nov. 2021 - 5Ws and 1H
Staffing Industry Analysts
http://sireview.staffingindustry.com/2021/11/15/buyer-reality-the-5-ws/
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SIA 2021 Game Changer
Staffing Industry Analyst
Recognized for helping to drive a global transformation for how labor is managed today at Mastercard and how it will enable driving a best in class operation that improves compliance, reduces cost, and enables significant reduction in financial planning/forecasting by having everything in one system and having one flow for supporting any AP/Accounting/Resource planning needs.
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SIA 2021 - Diversity Influencer
Staffing Industry Analysts
Recognized by SIA organization - among largest organizations for staffing industry as a diversity influencer - http://dei.staffingindustry.com/influencers/
Recommendations received
18 people have recommended Pratik
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Termed rightly as the backbone of the economy, our Micro, Small and Medium Enterprises (MSMEs) contribute significantly to India’s GDP while…
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