Purchasing Executive

As a Purchase Executive at Synnat Pharma Pvt Ltd, your role will be crucial in streamlining API procurement processes to ensure cost-effective sourcing and robust vendor relationships. You will be responsible for identifying business needs, securing reliable suppliers, and negotiating optimal contract terms. Your expertise in vendor performance analysis, purchase order management, and inventory control will play a significant role in optimizing the supply chain. Leveraging your proficiency in Telugu and understanding of the pharmaceutical industry, you will forge strong partnerships with vendors and contribute to strategic sourcing initiatives. Your meticulous approach to quality control, risk mitigation, and compliance will directly impact the company's competitive edge in the API market. **Key Responsibilities:** - Identify and evaluate potential API suppliers based on quality, cost, and reliability, aligning with strategic goals. - Develop and maintain strong relationships with key vendors, ensuring consistent communication and collaboration. - Negotiate favorable contract terms and pricing agreements to achieve cost savings and optimal value in API procurement. - Manage the entire purchase order process for API materials, ensuring accuracy and efficiency. - Monitor API inventory levels and coordinate timely replenishment to minimize stockouts and waste. - Implement strategies for mitigating API supply chain risks to ensure business continuity and supply security. - Ensure purchased API materials meet quality standards and regulatory requirements (GMP). - Identify and implement cost-saving opportunities in the procurement process through market trends and negotiations. - Maintain accurate records of all procurement activities for compliance and traceability. - Collaborate with quality assurance and regulatory affairs departments to ensure GMP compliance in API procurement. **Qualifications Required:** - Bachelor's degree in Business Administration, Commerce, or related field. - 1 year of experience in API procurement in the pharmaceutical industry. - Proficiency in Telugu (spoken & written), with Hindi and English as added advantages. - Strong negotiation and vendor management skills. - Analytical and problem-solving abilities. - Knowledge of procurement, supply chain, and inventory control. - Familiarity with GMP and pharmaceutical regulations. - Proficiency in MS Office and PO systems. Overall, your role as a Purchase Executive at Synnat Pharma Pvt Ltd will involve strategic decision-making, effective communication with vendors, and ensuring compliance with quality standards and regulations to optimize the company's API procurement processes.,