Sr. Purchase Executive
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About the Role
Sr. Purchase Executive
The role will be responsible for ensuring timely supply, cost efficiency, quality compliance, and effective vendor management to support smooth business operations.
Key Responsibilities
1. Vendor Development & Negotiation
- Identify, evaluate, and develop new suppliers.
- Negotiate pricing, payment terms, delivery schedules, and commercial conditions.
- Maintain strong relationships with existing and prospective vendors.
- Evaluate vendors based on quality, price, delivery, and reliability.
2. Procurement Operations
- Source finished pharmaceutical products, packaging materials, and related services.
- Handle end-to-end procurement activities as per business requirements.
- Ensure timely processing and follow-up of Purchase Orders (POs).
- Coordinate with suppliers to ensure timely delivery of materials/products.
- Compare quotations and select suitable suppliers based on commercial and quality requirements.
3. Quality & Compliance
- Ensure suppliers meet the company's quality standards and requirements.
- Coordinate with QC and relevant departments for supplier/product approvals.
- Maintain accurate purchase and vendor documentation for audits and internal records.
- Ensure procurement activities comply with company policies and applicable requirements.
4. Inventory Coordination
- Monitor stock levels and coordinate procurement based on inventory requirements.
- Minimize stock-outs, excess inventory, and dead stock.
- Coordinate with Stores, QC, Accounts, and other relevant departments for procurement accuracy.
- Follow up on pending orders and delivery schedules.
5. Cost Optimization
- Identify opportunities for cost reduction and procurement savings.
- Negotiate competitive rates with suppliers.
- Develop alternative vendors to improve pricing, quality, and supply continuity.
- Conduct regular market and price comparisons for key products/materials.
Required Skills & Qualifications
- Graduate/Postgraduate in
Pharmacy, Supply Chain, Procurement, or a related field
. Minimum 4+ years of experience in Pharma Procurement.
- Experience in pharmaceutical/healthcare procurement is preferred.
- Strong knowledge of pharmaceutical products, suppliers, and procurement processes.
- Proficiency in
MS Excel and ERP systems
. - Strong vendor management and negotiation skills.
- Good analytical, communication, coordination, and problem-solving abilities.
- Ability to manage multiple procurement requirements and meet deadlines.
Male candidates preferred
