Purchase / Procurement Specialist

Only candidates based in Mumbai will be considered.

Job Title: Purchase / Procurement Specialist

Department: Purchase

Qualification: B.Pharma/ D.Pharma or B.Sc/ M.Sc

Experience: 5-8 years

Job Type: Full-time

Salary: 30,000 - 45,000 per month

Job Responsibility

• Purchasing & Order Management:
  

• Manage the procurement of pharmaceutical products based on forecasts and inventory needs.

• Place and track orders, ensuring accurate and timely deliveries.

• Approve purchase requisitions from departments.

• Supplier Relations:
  

• Build and maintain relationships with suppliers to secure favourable terms.

• Negotiate pricing, delivery terms, and address supplier issues.

• Inventory Management:
  

• Monitor stock levels and initiate orders to avoid shortages/excess.

• Work with inventory teams to maintain optimal stock levels and expiration management.

• Compliance & Regulatory Adherence:
  

• Ensure purchased products comply with GMP, FDA, and other regulations.

• Maintain accurate purchase records in line with legal requirements.

• Market Research & Analysis:
  

• Stay updated on market trends, pricing, and new developments.

• Identify cost-saving opportunities and evaluate supplier performance.

• Documentation & Reporting:
  

• Maintain purchase order records and submit regular reports on purchasing activities.

• Cross-functional Collaboration:
  

• Work with sales, marketing, and logistics to ensure timely product availability.

Skills:

• Strong negotiation and vendor management skills.

• Analytical abilities to assess trends and cost-saving opportunities.

• Knowledge of pharmaceutical products and regulatory requirements.

• Proficient in procurement software and Microsoft Excel.

Experience:

• Previous experience in procurement, supply chain, or inventory management within the pharmaceutical or healthcare industry is highly advantageous.

• At least 5-8 years of relevant experience in procurement, with experience in negotiating contracts, managing vendors, and handling procurement.