Suman Purumandla

Director, Sourcing & Procurement @ Biote

About

Sourcing & Procurement leader with a strong track record of delivering enterprise value and driving transformation across industries. Generated $250M+ in cost savings by leading high-impact sourcing initiatives and building strategic supplier ecosystems. Passionate angel investor focused on supporting technology startups and transformative ideas that address meaningful, real-world challenges.

Country

United States

City

Dallas-Fort Worth Metroplex

Industry

Venture Capital & Private Equity

Skill

Change Management, Biotechnology, Angel Investing, Early-Stage Startups, ar/vr, Strategic Sourcing, Supply Chain Management, Project Planning, Spend Analysis, RFP, RFQ, Excel, RFI, Access, Supply Chain, Procurement, Cost, Supplier Management, Sourcing & Procurement, Global Sourcing

Experience

Director, Sourcing & Procurement

Biote

2024-12 - Present · 1 yr 10 mos

Dallas-Fort Worth Metroplex

Sr. Consultant - Strategic Sourcing

Biote

2024-4 - 2024-12 · 9 mos

Dallas-Fort Worth Metroplex

Angel Investor

Angel Investing

2020-1 - Present · 6 yrs 9 mos

• Passionate about supporting tech startups and transformative ideas that address significant challenges.

Global Lead - R&D / Clinical Sourcing

Novavax

2020-11 - 2024-4 · 3 yrs 6 mos

Gaithersburg, Maryland, United States

• Drive strategic sourcing initiatives for Covid-19 and other infectious diseases by partnering with R&D functions. • Lead cross-functional teams in delivering high-value R&D sourcing projects with significant impact and visibility. • Presented as a speaker at the R&D Sourcing & Procurement in Pharma Event held in Boston, MA in 2022 and 2023.

Angel Squad Member

Hustle Fund

2023-3 - 2024-3 · 1 yr 1 mo

Angel Investor Member

VITALIZE Venture Capital

2022-11 - 2023-12 · 1 yr 2 mos

Venture Capital Apprentice

Backstage Capital

2021-9 - 2022-2 · 6 mos

• Selected to participate in Backstage Capital's pilot Apprenticeship Program. • Worked with the Backstage investment team on deal flow review, as well as being taught Backstage philosophy on investing in underestimated founders, building a fund from scratch, and more.

Strategic Sourcing Consultant

Xenon Group

2020-8 - 2020-10 · 3 mos

Work Stream Lead / Procurement Consultant

Maine Pointe

2015-9 - 2020-10 · 5 yrs 2 mos

• Led strategic sourcing for clients ($100M-$1B revenue), yielding substantial cost savings. • Achieved savings in MRO, Corrugate, Pallets, and Equipment supplies through RFPs/RFQs and Negotiations. • Conducted analysis studies for global supply chains, identifying opportunities. • Utilized Tableau for visualization, enhancing data-driven decisions. • Trained client procurement teams with a new strategic sourcing process playbook.

Procurement Consultant (A.T Kearney Project)

HMSHost

2015-4 - 2015-6 · 3 mos

Bethesda, MD

• Steered the rapid assessment with the collection of various data files and development of spend cube • Participated in the stakeholder interviews to identify the opportunities in the current procurement process • Identified cost savings opportunities with SKU rationalization, portion control and delivery times

Strategic Sourcing - Chemicals

Univar Solutions

2013-4 - 2015-3 · 2 yrs

Greater Chicago Area

• Accomplished best unit costs across wide range of chemicals through system wide price standardization effort • Reviewed $83M annual spend to identify $26M addressable spend across the clients three U.S regions • Attained $3.2M annualized cost savings, with in year impact of $1.5M, by harmonizing the best costs across the network through fact-based negotiations and competitive bidding • Helped the product owners in the implementation and tracking of supplier on-boarding and transition process thereby achieve the realized savings