Job Description – Head of Procurement

Job Description – Head of Procurement

Company: Eazymed Technologies Pvt. Ltd. (MrMed)
Website: https://www.mrmed.in
Location: Chennai
Department: Procurement
Experience: 8–12+ Years
Age Criteria: Below 40 years
Work Mode: Work from Office (WFO)
Working Days: Monday to Saturday (6 days a week)
Reporting To: Management
Joining Preference: Immediate joiners preferred

About MrMed

MrMed is a HealthTech and e-commerce company specialising in specialty and super-specialty medicines. We aim to make specialised medicines more accessible to patients through a reliable and convenient online pharmacy platform.

Role Overview

We are looking for an experienced Procurement Head with a strong background in pharmaceutical procurement, particularly in specialty and super-specialty medicines.

The ideal candidate must have excellent existing connections with pharmaceutical distributors, stockists, C&F agents and manufacturers. The role requires strong negotiation skills, commercial understanding and the ability to improve purchase margins while ensuring product availability and efficient inventory management.

Key Responsibilities

• Lead end-to-end procurement of specialty, super-specialty and other pharmaceutical products.
• Leverage existing vendor relationships to negotiate competitive purchase prices, discounts, schemes and better credit terms.
• Build and maintain strong relationships with distributors, stockists and direct manufacturers.
• Improve purchase margins and ensure procurement is aligned with approved rate cards and business targets.
• Ensure timely availability of critical, high-demand and special-order medicines while minimising stockouts and emergency purchases.
• Work closely with Planning, Inventory, Finance and Operations teams on demand forecasting, reorder planning and stock management.
• Control inventory levels, slow-moving stock and expiry-related losses to improve working capital efficiency.
• Monitor supplier performance, delivery commitments, product quality and vendor documentation.
• Ensure procurement compliance, including approved purchase orders and valid vendor licences and GST documentation.
• Lead and develop the procurement team, establish performance targets and introduce data-driven procurement processes.

Required Skills and Qualifications

• Strong experience in pharmaceutical procurement and medicine purchasing.
• Excellent existing vendor network and connectivity with pharmaceutical distributors and manufacturers.
• Experience in specialty and super-specialty medicine procurement is highly preferred.
• Strong negotiation skills with the ability to secure competitive rates, better margins and credit terms.
• Good understanding of pharmaceutical distribution channels, trade margins, schemes and supplier arrangements.
• Experience in inventory planning, demand forecasting and working capital management.
• Ability to manage procurement teams and drive business targets.
• Good analytical skills and working knowledge of Excel and ERP/procurement systems.

Qualification and Experience

• Graduate or postgraduate qualification in Pharmacy, Pharmaceutical Management, Supply Chain Management, Business Administration or a related discipline.
• 8–12+ years of relevant experience, with substantial experience in pharmaceutical procurement.
• Experience in an online pharmacy, pharmaceutical distribution company or specialty pharma business is preferred.
• Candidates must have independently handled vendor negotiations, procurement operations and supplier relationships.

Key Performance ExpectationsFocus AreaExpected OutcomePurchase MarginsImprove buying margin on top 200 SKUs from 14% to 17%Purchase Cost ControlMaintain purchase price variance below 1%Product AvailabilityImprove order fill rate from 88% to 95%Stock AvailabilityReduce A-class SKU stockouts from 6% to 2%Supplier PerformanceAchieve at least 95% supplier on-time-in-full deliveryInventory ManagementReduce inventory days from 35 to 25Expiry ManagementKeep expiry and near-expiry write-offs below 0.5% of purchase valueVendor RelationshipsImprove supplier performance and negotiate better credit termsProcurement AutomationIncrease system-generated reorders from 20% to 80%Important Hiring Criteria

We are specifically looking for candidates who have:

• Hands-on experience in pharmaceutical and medicine procurement.
• Strong existing relationships with medicine distributors and manufacturers.
• The ability to negotiate directly with vendors and secure competitive purchase rates.
• A clear understanding of specialty medicine availability, pricing and distribution.

Candidates with experience only in general or non-pharmaceutical procurement may not be suitable for this role.

How to Apply

Interested candidates can share their updated resumes at hr@mrmed.in.

Please mention the following details while sharing your resume:

• Current CTC
• Expected CTC
• Notice Period
• Current Location

Note: This is a full-time, work-from-office opportunity in Chennai, with a six-day working week. Please check the office location and commute feasibility before applying.

Pay: ₹100,000.00 - ₹130,000.00 per month

Benefits:

• Cell phone reimbursement
• Paid sick time
• Provident Fund

Work Location: In person