Job Description: Asst. Manager- Procurement

Position Overview

We are seeking a skilled and experienced candidate for the Asst-Manager Position. The Asst Procurement Manager will oversee the procurement and new product development-related activities. This role requires good knowledge of the pharmaceutical industry, strong negotiation skills, supplier relationship management, and a good understanding of regulatory compliance for Pharma Products. The candidate will play a critical role in optimizing procurement processes, driving cost savings, and ensuring the timely supply of the finished products.

Roles And Responsibilities

• Develop and implement procurement strategies and policies that align with the company's objectives and comply with relevant regulations and industry standards.
• Identify, evaluate, and select suppliers and vendors based on their capabilities, quality standards, pricing, and delivery schedules.
• Negotiate contracts and agreements with suppliers, ensuring favorable terms and conditions regarding pricing, payment terms, quality control, and compliance requirements.
• Drive the procure-to-pay process i.e. Issuing PO, ensuring timely payment for vendors
• Build and maintain strong relationships with suppliers, fostering effective communication, collaboration, and performance management.
• Monitor supplier performance and conduct regular evaluations to ensure adherence to contractual obligations, quality standards, and regulatory requirements.
• Collaborate closely with cross-functional teams, including Warehouse, Account, Quality Assurance, and Regulatory Affairs, to align procurement activities with project timelines and operational needs.
• Manage and track the procurement of raw and packaging materials, ensuring timely availability and optimal inventory levels.
• Continuously evaluate market trends, industry developments, and regulatory changes that may impact procurement strategies and adjust sourcing plans accordingly.
• Analyze and optimize costs through effective negotiation, value engineering, supplier consolidation, and other cost-saving initiatives.
• Implement and utilize procurement systems and tools to streamline processes, enhance data visibility, and drive efficiency in procurement operations.
• Drive continuous improvement initiatives within the procurement function, seeking opportunities for process enhancements, automation, and supplier performance optimization.
• Manage vendor relationships, including contract renewals, performance reviews, and resolving any supplier-related issues.
• Maintain accurate procurement records and documentation, including contracts, purchase orders, and supplier information.
• Analyze and publish reports on procurement metrics, including cost savings, supplier performance, procurement cycle times and other procurement-related KPIs on regular intervals
  
  

Desired Skills And Expertise

• Proven experience within the pharmaceutical industry, understanding, pharmaceutical procurement regulations, GMP guidelines, and quality assurance requirements.
• In-depth knowledge of procurement best practices, supplier management, contract negotiation, and strategic sourcing methodologies.
• Strong negotiation, communication, and interpersonal skills to establish and maintain effective relationships with suppliers and internal stakeholders.
• Demonstrated experience in managing procurement projects and working in cross-functional teams.
• Familiarity with pharmaceutical manufacturing processes, raw materials, and packaging materials.
• Excellent analytical and problem-solving abilities, with a data-driven approach to decision-making.
• Proficient in using procurement systems and software for data analysis, reporting, and process automation.
• Ability to manage multiple projects and priorities simultaneously.
• Detail-oriented and results-driven mindset with a commitment to quality and compliance.
• Ability to adapt to a fast-paced, dynamic environment and drive continuous improvement initiatives.
• Hands-on experience with Excel.
  
  

Qualifications Required

• Bachelor's degree in Pharmacy, Supply Chain Management, Business Administration, or a related field. A relevant advanced degree is a plus.
• Minimum 5 years of experience in Procurement and / or Business development functions in the pharmaceutical industry.