The 3Cs of Bayer's Procurement Strategy: An interview with Malik Akhtar, VP Procurement
- Author
- Life Science Networks
- Published
- Fri 19 Jan 2024
- Episode Link
- https://podcasters.spotify.com/pod/show/life-science-networks/episodes/The-3Cs-of-Bayers-Procurement-Strategy-An-interview-with-Malik-Akhtar--VP-Procurement-e2ek502
Malik Akhtar is Vice President at Bayer Consumer Health Division, where he oversees a network of 5000 suppliers, including direct materials, APIs, and 180 contract manufacturers.
Speaking on the PharmaSource Podcast, Malik explains the “Three C” procurement strategy which defines the areas of greatest focus for Bayer in 2024 and beyond:
- Cost Containment
- Cash-Flow improvement
- CO2 De-carbonisation
