Lead - Procurement - Pharma Products/ePharmacy Firm

Lead - Procurement - Pharma (only from finished pharma products) or epharmacy companies

- Identify, research, and qualify new suppliers for pharmaceuticals, OTC, medical supplies, and other relevant products.

- Send RFQs, collect quotations, negotiate, and finalize the product costing

- Develop and maintain strong relationships with key vendors to secure the best pricing and reliable supply.

- Manage relationships with suppliers to ensure high-quality products and services.

- Negotiate contracts with vendors, ensuring favorable terms for quality, price, and delivery timelines.

- Monitor vendor performance and manage risk mitigation strategies.

- Conduct market research to stay updated on industry trends, pricing, and availability of products.

- Conduct regular performance reviews and address any issues or concerns.

- Foster collaboration with suppliers for continuous improvement and innovation.

- Monitor and manage inventory levels to ensure optimal stock levels and minimize shortages or excesses.

- Collaborate with inventory management teams to forecast demand and adjust procurement plans accordingly.

- Implement and oversee inventory control systems to track and manage stock effectively.

- Develop and manage procurement budgets, ensuring alignment with company financial goals.

- Identify opportunities for cost savings and implement strategies to achieve them.

- Monitor and report on procurement expenditures and savings.

- Ensure compliance with regulatory requirements and industry standards in all procurement activities.

- Develop and implement risk management strategies to mitigate potential disruptions in the supply chain.

- Conduct audits and reviews to ensure adherence to procurement policies and procedures.

Bachelor's degree in Pharmacy, Business Administration, Supply Chain Management, or BE/B Tech/MBA-Supply Chain/Operations

- Minimum of 5-20 years of experience in pharmaceutical procurement or a similar role.

- Excellent negotiation, communication, and interpersonal skills.

- Detail-oriented with strong analytical and problem-solving skills.

- Ability to work independently and manage multiple tasks simultaneously

- Working knowledge of pharmaceutical products and their classification systems.

- Existing network of suppliers