Senior Procurement Officer (Pharmaceutical)

Position Title: Senior Procurement Officer (Pharmaceutical)
Department: Procurement
Location: Kerala

Position Summary:
The Senior Procurement Officer will manage and execute the procurement process for pharmaceuticals across multiple pharmacy outlets. This role demands expertise in ensuring a consistent supply of medications while maintaining cost efficiency and adhering to regulatory standards.

Key Responsibilities:

Procurement Management:

• Source and negotiate with suppliers to secure optimal prices and terms for pharmaceutical products.
• Develop and maintain relationships with key suppliers and manufacturers.
• Manage the entire purchase cycle from order placement to delivery, ensuring timely and accurate supply.

Inventory Control:

• Monitor stock levels and forecast demand to maintain optimal inventory levels.
• Coordinate with pharmacy outlets to understand their specific needs and adjust orders accordingly.
• Implement strategies to minimize stockouts and overstock situations.

Quality Assurance:

• Ensure all purchased products meet regulatory and quality standards.
• Collaborate with the quality assurance team to address any issues related to product quality and safety.

Cost Management:

• Conduct cost analysis and market research to identify cost-saving opportunities.
• Implement strategies to achieve procurement savings while maintaining product quality.

Compliance and Documentation:

• Maintain accurate records of all procurement activities, including purchase orders, contracts, and supplier evaluations.
• Ensure compliance with industry regulations and internal policies.
• Prepare and present reports on procurement activities and performance metrics.

Vendor Management:

• Evaluate supplier performance and develop improvement plans where necessary.
• Resolve any issues or disputes with suppliers promptly and professionally.

Qualifications:

Education:

• Bachelor's degree in Pharmacy, Business Administration, or a related field.

Experience:

• Minimum of 8-10 years of experience in pharmaceutical purchasing, preferably managing procurement for multiple pharmacy outlets.
• Demonstrated experience in negotiating contracts and managing supplier relationships.

Skills:

• Strong analytical and problem-solving skills.
• Excellent negotiation and communication skills.
• Proficiency in procurement software and Microsoft Office Suite (Excel, Word, PowerPoint).
• Detail-oriented with strong organizational and time management skills.
• Ability to work independently and as part of a team in a fast-paced environment.

Knowledge:

• In-depth knowledge of pharmaceutical products and the pharmaceutical supply chain.
• Familiarity with regulatory requirements in the pharmaceutical industry.