Source and procure raw materials (APIs, excipients), packaging materials, and other pharma-related items.
Evaluate purchase requisitions and coordinate with internal departments (production, QA/QC, R&D) to ensure timely procurement. Issue purchase orders (POs) and track their status until delivery and GRN.
Vendor Management: Identify, evaluate, and develop new suppliers and maintain strong supplier relationships.
Negotiate prices, payment terms, delivery schedules, and contracts. Monitor vendor performance based on quality, cost, delivery, and service. Inventory & Cost Control: Coordinate with the inventory team to maintain optimum stock levels.
Analyze and control procurement costs; contribute to cost reduction initiatives.
Documentation & Compliance: Ensure all procurement activities comply with regulatory standards (FDA, WHO-GMP, etc.).
Maintain proper documentation POs, quotations, vendor approvals, etc.
Support audits (internal/external) by providing required procurement documents.
Coordination & Reporting: Coordinate with QA/QC, finance, stores, and logistics teams. Generate purchase reports and MIS on procurement status, cost, and timelines.
