Job Description

Key Responsibilities
Procurement & Vendor Management
- Develop and implement sourcing strategies for finished formulations.
- Identify, evaluate, and approve vendors/manufacturers for ampoules, vials, PFS, and tablets.
- Negotiate prices, payment terms, lead times, and supply contracts.
- Maintain healthy relationships with approved suppliers to ensure long-term supply stability.
Material Planning & Ordering
- Forecast purchase requirements based on sales orders and production schedules.
- Issue purchase orders and track delivery schedules.
- Coordinate with warehousing teams for timely receipt and clearance of goods.
Compliance
- Ensure all purchased formulations comply with GMP, WHO-GMP, USFDA, and other relevant regulatory standards.
- Maintain vendor records in compliance with audit and regulatory requirements.
Cost Management
- Conduct market analysis to benchmark prices and identify cost-saving opportunities.
- Monitor purchase budgets and reduce procurement costs without compromising quality.
Logistics & Inventory Coordination
- Work closely with the logistics team for shipment planning.
- Maintain optimal inventory levels to avoid stock-outs or overstocking.
MIS & Reporting
- Prepare purchase reports, vendor performance analysis, and cost reports for management review.
- Track and report KPIs such as on-time delivery, cost variance, and supplier performance.
Key Skills & Competencies
- Strong knowledge of pharma formulation procurement (ampoules, vials, PFS, tablets).
- Understanding of regulatory requirements and documentation in pharma procurement.
- Negotiation and vendor management skills.
- Market awareness of raw material and finished goods pricing trends.
- Strong analytical and problem-solving skills.
Qualifications & Experience
- Education: Bachelor's / Master's in Pharmacy, Science, or MBA in Supply Chain / Materials Management.
- Experience: Minimum 10-15 years in procurement, with at least 10 years in pharmaceutical formulations purchasing.