Assistant Manager - Procurement

Job Description

We are seeking a skilled and experienced candidate for the Asst-Manager Position . The Asst Procurement Manager will oversee the procurement and new product development-related activities. This role requires good knowledge of the p harmaceutical industry, strong negotiation skills, supplier relationship management, and a good understanding of regulatory compliance for Pharma Products. The candidate will play a critical role in optimizing procurement processes, driving cost savings, and ensuring the timely supply of the finished products. Roles and Responsibilities: 1. Develop and implement procurement strategies and policies that align with the companys objectives and comply with relevant regulations and industry standards. 2. Identify, evaluate, and select suppliers and vendors based on their capabilities, quality standards, pricing, and delivery schedules. 3. Negotiate contracts and agreements with suppliers, ensuring favorable terms and conditions regarding pricing, payment terms, quality control, and compliance requirements. 4. Drive the procure-to-pay process i.e. Issuing PO, ensuring timely payment for vendors 5. Build and maintain strong relationships with suppliers, fostering effective communication, collaboration, and performance management. 6. Monitor supplier performance and conduct regular evaluations to ensure adherence to contractual obligations, quality standards, and regulatory requirements. 7. Collaborate closely with cross-functional teams, including Warehouse, Account, Quality Assurance, and Regulatory Affairs, to align procurement activities with project timelines and operational needs. 8. Manage and track the procurement of raw and packaging materials, ensuring timely availability and optimal inventory levels. 9. Continuously evaluate market trends, industry developments, and regulatory changes that may impact procurement strategies and adjust sourcing plans accordingly. 10. Analyze and optimize costs through effective negotiation, value engineering, supplier consolidation, and other cost-saving initiatives. 11. Implement and utilize procurement systems and tools to streamline processes, enhance data visibility, and drive efficiency in procurement operations. 12. Drive continuous improvement initiatives within the procurement function, seeking opportunities for process enhancements, automation, and supplier performance optimization. 13. Manage vendor relationships, including contract renewals, performance reviews, and resolving any supplier-related issues. 14. Maintain accurate procurement records and documentation, including contracts, purchase orders, and supplier information. 15. Analyze and publish reports on procurement metrics, including cost savings, supplier performance, procurement cycle times and other procurement-related KPIs on regular intervals Desired Skills and Expertise: 1. Proven experience within the pharmaceutical industry, understanding, pharmaceutical procurement regulations, GMP guidelines, and quality assurance requirements. 2. In-depth knowledge of procurement best practices, supplier management, contract negotiation, and strategic sourcing methodologies. 3. Strong negotiation, communication, and interpersonal skills to establish and maintain effective relationships with suppliers and internal stakeholders. 4. Demonstrated experience in managing procurement projects and working in cross-functional teams. 5. Familiarity with pharmaceutical manufacturing processes, raw materials, and packaging materials. 6. Excellent analytical and problem-solving abilities, with a data-driven approach to decision-making. 7. Proficient in using procurement systems and software for data analysis, reporting, and process automation. 8. Ability to manage multiple projects and priorities simultaneously. 9. Detail-oriented and results-driven mindset with a commitment to quality and compliance. 10. Ability to adapt to a fast-paced, dynamic environment and drive continuous improvement initiatives. 11. Hands-on experience with Excel. Qualifications Required: Bachelors degree in Pharmacy, Supply Chain Management, Business Administration, or a related field. A relevant advanced degree is a plus. Minimum 5 years of experience in Procurement and / or Busi ness development functions in the pharmaceutical industry.