Senior Procurement Executive

Job Description

Job Purpose: The Senior Procurement Executive will play a critical role in vendor management, strategic sourcing, cost optimization, and ensuring uninterrupted supply for operations in the zone. Key Responsibilities: Sourcing & Inventory Planning: Develop and implement regional procurement strategies pertaining to margins and availability Lead regional procurement planning, including forecasting, inventory management, and demand planning. Vendor Management: Onboard pharma companies for direct supply of goods and services. Build and maintain strong relationships with key suppliers to ensure the delivery of quality materials on time Negotiate terms and contracts with vendors to ensure competitive pricing, favorable terms, and adherence to service level agreements (SLAs)3. Gross Margins and Schemes Management: Monitor gross margins / GMBCD for the zone and ensure procurement activities stay within allocated inventory budgets Implement cost-saving initiatives without compromising service levels. Conduct regular scheme analysis and benchmarking to identify cost-saving / sales opportunities Collaborate with other departments such as finance, operations, and sales to ensure seamless coordination of procurement activities. Work with the central procurement team to ensure consistency in procurement policies and strategies across zones. Performance Reporting: Track and report key procurement metrics (KPIs) such as cost savings, vendor performance, delivery timelines, and quality adherence. Conduct analysis to identify opportunities for process improvement and efficiency gains. Experience and Skills: 3+ years of experience in procurement or supply chain management, with at least 3+ years of core procurement. Experience in handling procurement for a large geographical zone or multiple locations. Strong negotiation and vendor management skills. Excellent understanding of procurement processes, contract management, and supply chain operations. Proven ability to manage budgets and deliver cost savings. Strong leadership and team management skills. Analytical mindset with the ability to analyze data and make informed decisions. Key Competencies: Strategic thinking and planning Strong communication and negotiation skills Attention to detail and problem-solving abilities Time management and ability to work under pressure Ability to manage cross-functional teams and work in a matrix organization