Team Lead Strategic Sourcing

Job Summary

Job Responsibilities:

Category management and Strategic sourcing R&D projects:

• Ensuring the availability of APIs and Excipients, Functional materials for R&D formulation products (Global markets) as per the timelines to support Manufacturing, R&D & Business requirements.
• Reviewing & monitoring the supplies/delivery timelines along with the internal stakeholders to align according to business priorities, expectations & market asks.
• Stakeholder engagement: Continuous tracking & monitoring the fullkitting & go to plant process with respect to sourcing activities so that timely actions are taken for deliveries of required materials and to avoid any stoppages. Regular review with internal stakeholders to ensure timely action for pending issues, risks and mitigation plan.
• Supplier risk & compliance management (Quality, Finance, ESG).
• Providing Market Intelligence, market information/ changes/ developments etc that would enable right business decisions & facilitate building sourcing strategies.

Maintain cost-competitiveness of the products as per market ask:

• Support the Business to gain advantage in market place, take cost leadership position in key products & help expand the market share and to ensure that the products are filed as per the R & D timelines.
• Conduct & lead the vendor negotiations such that the materials sourced are as per the target prices to meet the product and business requirements
• Preparing & maintaining business cases for each product sourced, mapping competitive scenarios, pricing strategies, evaluating & analysing the market data/competition strategies etc
• To maintain a track on the savings target for the given fiscal year and taking necessary corrective steps to ensure that the savings target is achieved.
• Develop & Implement long-term Sourcing Strategies: Collect & Analyse data, Key competitor analysis thru various possible Market data-intelligence and review Sourcing strategies accordingly seeking relevant/ key information on the pricing/ costing etc to help to derive right-relevant sourcing strategies.

Vendor management & relationship building for a long-term benefit:

• Supplier relationship management, engagement and governance. Sourcing strategy approach implement contracts for marked linked products required pricing, supports with filing and approvals. Negotiation and supplier selection.
• Supporting internal CFT departments by arranging the documents & information required by them for technical coordination, deficiency addressal, regulatory compliance, material/vendor/product approvals etc from respective business partners.
• Engage for vendor site visits and facilitate internal technical teams connect with respective vendor to ensure quality filings and approvals as per required regulatory standards.
• Continuous tracking & monitoring the Price Index, Market changes/developments so that timely actions are initiated (Trigger point) to initiate Vendor Negotiations and to arrive at a Target Price
• Track materials for consumption over a defined period; track vendors for business value generated over a defined period of time; take input from planning on relevant finished goods on business value to be generated in the future; take input from suppliers on price trends, review reports on commodity price index and submit to Category Head, review price databases, lead negotiation with vendors
• Identify issues around delivery, rejections, business continuity, pricing for vendors of different materials; maintain de-risking strategy for sustainability.
• Obtain samples from alternate vendors and coordinate with internal technical team for testing & approvals in order to ensure best in class at launch.

Quality, Regulatory & Compliance:

• Review guidelines received from QA/ project managers; develop plans to bridge any gaps (documentation, revision in technical specification, manufacturing site audit etc); monitor implementation of plan, resolve any issues if required; review purchase orders for comparison sheets, quotations etc.  
• Facilitate vendor technical interactions with R&D and other functional team as soon any product related rejection or deviations are reported. Facilitate for immediate replacement and or quick addressing of any issues so to ensure timely closure of and CAPA.   

Team building and skills/ leadership development:

• Team building and developing leadership skills among the team members.
• Motivating and helping team members and facilitating to get trainings for improving their sourcing skills, enhance their potential, develop improvement in team performance, better effectiveness, communication skills and higher efficiency.
• Guiding & coaching team members in resolving supply issues, sourcing related issues, conflicts if any, overcome challenges 

Educational qualification:

• Basic knowledge of SAP in Material Management module.
• Minimum 8-10years of experience in sourcing /supply chain management 
• Good knowledge of the regulated market, vendors base in pharmaceutical industry.
• Good understanding of Operations in pharmaceutical industry, Generics Business, Regulatory framework.
• Strong understanding of Good Manufacturing Practices and Pharmaceutical requirements
• Overall understanding of Supply Chain operations/ Management/ Logistic.
• Good knowledge of recent trends & Market Intelligence and business dynamics.

Behavioral Skills

• Excellent communication, negotiation, and interpersonal skills.
• Strong analytical and problem-solving abilities with a keen eye for detail.
• Ability to work collaboratively in a cross-functional team environment.
• Strong Networking skills and quick learning ability. 

About the Department

Integrated Product Development Organisation

Benefits Offered