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Job Description: As a Sr. Purchase Executive/ Manager (PM / PM) in the pharmaceutical industry, you will play a crucial role in managing the procurement process for raw materials, packaging materials, and indirect items necessary for manufacturing various pharmaceutical products like tablets, capsules, and oral liquids. Your primary responsibility will involve ensuring the timely availability of high-quality materials at competitive prices, maintaining strong relationships with vendors, and upholding compliance with regulatory and company standards. Key Responsibilities: - Procure raw materials (RM) and packaging materials (PM) for pharmaceutical formulations, covering a range of products such as Tablets, Capsules, and Oral Liquids. - Establish and nurture a reliable vendor network to source top-quality materials. - Assess vendor quotations, engage in contract negotiations to secure favorable terms in terms of pricing, delivery, and quality. - Generate and manage Purchase Orders (POs), monitor supplier activities to guarantee timely deliveries. - Collaborate with the Quality Assurance/Quality Control (QA/QC), Stores, and Production departments for effective material planning and issue resolution. - Maintain optimal stock levels to prevent both stockouts and overstocking situations. - Conduct vendor audits and ensure adherence to regulatory standards and company Standard Operating Procedures (SOPs). - Stay abreast of market trends, price variations, and explore avenues for cost-saving initiatives. - Handle essential documentation related to vendor qualification, GST compliance, and regulatory requirements. - Compile and maintain precise procurement Management Information System (MIS) reports and records. Qualifications Required: - Prior experience in procurement within the pharmaceutical industry is essential. - Strong negotiation skills and the ability to build and maintain vendor relationships. - Proficiency in material planning, stock management, and procurement processes. - Familiarity with regulatory standards and documentation requirements in the pharmaceutical sector. - Excellent communication and coordination skills to collaborate effectively with cross-functional teams. Please note that this job requires previous experience in the pharmaceutical sector. Other benefits include cell phone reimbursement, health insurance, internet reimbursement, leave encashment, life insurance, paid sick time, and Provident Fund. The work location for this role is in person. Job Description: As a Sr. Purchase Executive/ Manager (PM / PM) in the pharmaceutical industry, you will play a crucial role in managing the procurement process for raw materials, packaging materials, and indirect items necessary for manufacturing various pharmaceutical products like tablets, capsules, and oral liquids. Your primary responsibility will involve ensuring the timely availability of high-quality materials at competitive prices, maintaining strong relationships with vendors, and upholding compliance with regulatory and company standards. Key Responsibilities: - Procure raw materials (RM) and packaging materials (PM) for pharmaceutical formulations, covering a range of products such as Tablets, Capsules, and Oral Liquids. - Establish and nurture a reliable vendor network to source top-quality materials. - Assess vendor quotations, engage in contract negotiations to secure favorable terms in terms of pricing, delivery, and quality. - Generate and manage Purchase Orders (POs), monitor supplier activities to guarantee timely deliveries. - Collaborate with the Quality Assurance/Quality Control (QA/QC), Stores, and Production departments for effective material planning and issue resolution. - Maintain optimal stock levels to prevent both stockouts and overstocking situations. - Conduct vendor audits and ensure adherence to regulatory standards and company Standard Operating Procedures (SOPs). - Stay abreast of market trends, price variations, and explore avenues for cost-saving initiatives. - Handle essential documentation related to vendor qualification, GST compliance, and regulatory requirements. - Compile and maintain precise procurement Management Information System (MIS) reports and records. Qualifications Required: - Prior experience in procurement within the pharmaceutical industry is essential. - Strong negotiation skills and the ability to build and maintain vendor relationships. - Proficiency in material planning, stock management, and procurement processes. - Familiarity with regulatory standards and documentation requirements in the pharmaceutical sector. - Excellent communication and coordination skills to collaborate effectively with cross-functional teams. Please note that this job requires previous experience in the pharmaceutical sector. Other benefits include cell phone reimbursement, health insurance, internet reimbursement, leave encashment, life insurance, paid sick time, and Provident Fund. The work location for
