Associate Director Strategic Sourcing

At Adalvo, we're not just a company - we're a team of passionate people driven by our mission to consistently deliver high-quality products and services to our partners. We are positive, fast and always on target, we are Adalvo 🎯 🚀We are looking for an enthusiastic Associate Director Strategic Sourcing to join our dynamic Adalvo team. This position offers an opportunity to well-suited candidates to join a growing, fast paced energetic environment and culture.SUMMARY OF POSITIONThe primary purpose of the role will be to partner with key business leaders and Strategize/drive Global Sourcing of APIs, Excipients, RLD’s, primary packing material and Alternate Vendor Development for a company, utilizing strategic sourcing methodologies to identify, evaluate, negotiate contracts with the most suitable Suppliers/Providers further to optimize cost, quality, and performance, while aligning with the company's overall business objectives and technology needs.ORGANIZATION STRUCTUREThe Associate Director Strategic Sourcing will report directly to the Global Head of Procurement.RESPONSIBILITIESPrimary responsibilities of this role include the following:Lead and execute strategic sourcing of APIs, Excipients, RLD’s, PM/RM, Alternate Vendor Development and propose credible and reliable suppliers in direct/indirect materials area located in India and overseas.Supporting RND for all new Developments, identifying right partners, ensuring timely availability of API/ Exp/ RLD’s/PM etc. Managing Alliance and Tech transfer teams for material availability, negotiating best competitive prices for all ongoing and projects. Regulatory Support for Filing, on time Deficiency response from the vendors, On time Launch. Monitoring there are no changes at Vendor’s end impacting the Launch date, Vendor credential, upcoming audits and respective outcome. Any risk related to filing/ Lauch to be escalated immediately.Support Portfolio and SP teams to get the best competitive sources for new portfolio concepts evaluation.To align sourcing strategies with budget constraints and priorities.Negotiate best commercial and RD prices and other terms and conditions for all materials (API’s, Excipients and Primary packing materials, impurities and WS etc) sourced out of India/other region.Facilitate on time communication with CFT’s i.e regulatory, quality, PM, SP, Portfolio, IP related, BD, Operations team etc with relevant suppliers.Support and enhance development of Strategic Sourcing Strategy for materials procured by Adalvo and to support CFT’s for queries/escalations etc.Provide onsite and in-country assistance and support during all the phases of procurement of materials of India/other region.Gather and provide market intelligence data on current trends for RM and PM.Conduct in-depth research on the API/Excipients/PM/RM marketplace, identifying emerging trends, potential suppliers, quality standards, and regulatory compliance and competitive pricing structures to align sourcing strategy.Collaborate with internal stakeholders to understand specific API/Excipients/ RLD/PM/RM needs, including functionality, security requirements, performance metrics, and integration points .Design a comprehensive sourcing strategy, including vendor shortlisting, request for proposals (RFPs), negotiation tactics, and contract terms to achieve optimal value.Assess potential risks associated with API dependencies, including vendor lock-in, data security, and compliance issues, and implement mitigation strategies.Identifying Products for COGS improvement and accordingly Prioritizing / Managing the Grid for 2-3 years.Provide assistance during F2F visits for supplier meetings at CphI conferences and audits etc. in India and overseas.Ready to travel to meet suppliers for critical issues and relationship management. Support on SRM management or other requirements depending on business needs.Negotiating best deals with Suppliers for new/existing projects (R&D, TT, Commercial Projects etc).Prepare presentations for Strategic Sourcing initiatives or streamlining processes for Global procurement.Build strong relationships, negotiate pricing and contract terms, and monitor performance. Keep abreast of latest developments, market intelligence and market prices etc.QUALIFICATIONS & REQUIREMENTSAdvanced degree (Masters), diploma or certification in Supply Chain Management. Bachelor Degree in B. Pharmacy/ M. PharmacyMasters degree in Operations/SCM from reputed college/Institute.Required: 15+ years of related management experience with at least 13 of those years managing API Sourcing or External Manufacturing Procurement for a reputable, global Pharmaceutical, or similar company. Knowledge of/exposure to cGMP requirements, research and development, and world class planning and execution processes.Related must to have experience in procurement, supply chain management in pharma with a significant focus on strategic sourcing and supplier relationship management is required, including leadership experience in managing sourcing teams and driving cost optimization initiatives across various categories.Highly Preferred: experience in pharmaceutical manufacturing, sourcing, procurement, or supply chain.Familiar with the API, Excipients, RLD’s, RM, PM market, has an established network of contacts with manufacturers all across the globe.Proven experience in sourcing/procurement of API & RM/PM for human use, including Supplier screening, Supplier evaluation, Supplier selection, Supplier development (including providers of custom development and custom manufacturing services).Good understanding and exposure to current Good Manufacturing Practices (cGMP), Food and Drug Administration (FDA) and other regulatory requirements (EMA, TGA, ANVISA) including audit experience.Experience in working internationally in a fast-paced, reputed, global pharmaceutical companyExperience in developing and implementing world class, global sourcing or procurement processes and managing them through deployment of electronic tools such as Ariba, SAP, etc.CORE COMPETENCIESBusiness FocusDrive for ResultsBuilding Team SpiritCustomer ServiceEmbracing ChangeCollaborationDecision making & delegationWhy join us?🎯 Exciting Challenges: Every day brings new opportunities to learn and grow.🎯 Supportive Environment: We foster a culture of collaboration, where your ideas are valued, and your voice is heard.🎯Career Development: We're committed to helping you reach your full potential through ongoing training and development opportunities.🎯Recognizing Excellence: We recognize and appreciate hard work and dedication by offering competitive compensation packages and employee rewards programs that acknowledge contributions and achievements.🎯Fun and Inclusive Culture: We believe in celebrating our successes and building strong connections within our team.Ready to Ignite Your Passion?If you're ready to take the next step in your career and join a business committed to consistently deliver high-quality products and services, then we want to hear from you Send us your resume todayPlease be informed that only selected candidates will be contacted.Candidates should be located in one of the following cities: Mumbai, Pune, Ahmedabad