Associate Manager - Strategic Sourcing/Raw Materials - Pharma

Associate Manager - Strategic Sourcing ( Raw Materials )

Core Purpose of the Role:

Responsible for achievement of business objectives by ensuring timely submission of cost sheets to project management, RFQ for key raw materials, consumables, reagents, stationeries etc. Supplier Relationship management. Periodic follow ups with all the stakeholders, service for both internal and external customers to meet the organization standards as well to meet the requirements of regulatory authorities

Role Accountabilities:

1. Develop strategic sourcing initiatives to specific category management ( ie Chemistry, Solvents, General consumables, etc )

2. Finalizing contracts and agreement for repeated procurements and services. Identifying alternate vendors for single source items and single geography procurement and develop strategy to identify alternate and different geography sources as mitigation

3. Developing strategic sourcing initiatives, including spend analysis, category management, Supply-demand market intelligence, negotiations, Benchmarking, clean-sheet costing, and ensuring process compliance and high levels of customer satisfaction.

4. Supplier optimization, aligning with strategic goals, supplier evaluation, development and executing strategic supplier relationship management with key suppliers.

5. Build overall expertise around the category by developing supply-demand market intelligence, technology trends, competitive advantage and price benchmarking etc.

6. Identifying supply risks and quantifying risk exposure, and executing risk mitigation actions

7. Cost optimization on developing alternate and using effective negotiation on category wise and freezing contracts for pricing, discount and rebate structure

Experience:

- Should have Strategic sourcing with Minimum of 8-10 years' experience in Pharma. - Must have experience in handling cross functional team, data mining, market analysis, gathering intelligence, interpretation for decision making

- Conversant in generating SAP reports, collating data for analyses and MIS reporting

- Vendor development, negotiation, Annual Rate Contract

- Supply risk identification, mitigation plan, proactiveness and execute the plan

- Collaboration, cost optimization and value creation

Technical/functional Skills:

- Defining Categories & Strategy formation for various Category - Strategic & Tactical Sourcing

- Vendor evaluation on selection Criteria, like capacity, capabilities, compliance

- Strong project management skills

- Good Knowledge on Vendor Eco-system

Behavioral Skills:

- Effective Negotiation skills

- Effective communication - Time management

- Customer centric, empathy and determination

- Positive attitude, Ethics and Code of Conduct

Education:

- B.Sc., /M.Sc., Chemistry or Any degree with relevant experience (preferably Chemistry as one of subject )

- PG Dip.MM or MBA (MM) is an added advantage