This job profile involves sourcing, purchasing, and managing pharmaceutical products and raw materials required for manufacturing, distribution, or retail. This role ensures a smooth and cost-effective supply of drugs and related materials while maintaining compliance with pharmaceutical regulations and quality standards.
Job Title Examples
?Procurement Executive - Pharmaceuticals
Key Responsibilities
1.
Sourcing & Vendor Management
Identify and evaluate suppliers/manufacturers of APIs (Active Pharmaceutical Ingredients), excipients, packaging materials, or finished formulations.
Negotiate contracts, pricing, and delivery terms with vendors.
Maintain supplier relationships and assess vendor performance.
2.
Procurement Planning
Forecast demand based on production schedules and sales projections.
Prepare and manage purchase orders.
Ensure timely availability of required materials to avoid production delays.
3.
Cost Optimization
Negotiate best prices and payment terms without compromising quality.
Implement cost-reduction initiatives through alternate sourcing and bulk purchasing.
4.
Quality & Regulatory Compliance
Ensure all procured materials meet GMP (Good Manufacturing Practices) and quality standards.
Verify that suppliers comply with regulatory requirements (e.g., FDA, CDSCO, WHO, EU-GMP).
Maintain proper documentation and certificates (COA, MSDS, DMF, etc.).
5.
Inventory & Logistics Coordination
Coordinate with warehouse and logistics teams for timely receipt and storage.
Track shipments and resolve supply chain bottlenecks.
Monitor inventory levels and reorder points.
6.
Data Management & Reporting
Maintain procurement records, supplier databases, and purchase documentation.
Prepare regular reports on purchase spend, supplier performance, and cost savings.
Skills Required
?
Strong negotiation and communication skills
?Knowledge of pharmaceutical materials (API, intermediates, packaging, excipients)
?Understanding of GMP, GDP, and regulatory compliance
?Analytical and forecasting abilities
?Familiarity with ERP systems (SAP, Oracle, Tally ERP, etc.)
?Vendor management and relationship-building
?Attention to detail and documentation accuracy
Educational Background
?
Bachelor's/Master's degree
:
Pharmacy (B.Pharm / M.Pharm)
Chemistry
Biotechnology
Life Sciences
Supply Chain Management or Business Administration (MBA preferred for managerial roles)