Source and procure pharmaceutical raw materials (APIs, excipients), packaging materials, lab supplies, and engineering goods. Identify, evaluate, and develop relationships with reliable suppliers/vendors. Negotiate price, terms, and delivery schedules with suppliers to ensure cost-effectiveness. Ensure timely procurement to avoid production delays and maintain optimum inventory levels. Prepare purchase orders and maintain accurate records of all procurement activities. Coordinate with the quality control and production departments for technical specifications and material approvals. Monitor vendor performance and ensure compliance with agreed terms and industry regulations. Ensure all purchasing activities comply with cGMP, GDP, FDA, and other regulatory requirements. Conduct market research and stay updated on price trends, product availability, and new suppliers. Assist in vendor audits and documentation for regulatory inspections.
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