
Chief Procurement Officer
19 hours ago
This role involves overseeing the procurement and inventory management of pharmaceutical products and consumables.
The ideal candidate will have strong negotiation and vendor management skills, as well as excellent analytical and planning ability. They will be responsible for ensuring timely availability of drugs at optimum cost, adherence to regulatory compliance, and strong coordination with vendors, consultants, and internal departments.
- Key Responsibilities:
- Procurement & Vendor Management: Identify, evaluate, and finalize vendors for pharmaceutical products and consumables, negotiate pricing, credit terms, and supply agreements to ensure cost-effectiveness, build and maintain long-term relationships with suppliers and distributors.
- Inventory & Supply Chain Management: Oversee purchase planning based on consumption trends and stock requirements, monitor stock levels to prevent shortages or overstocking, implement systems for efficient inventory tracking and control, coordinate with IP & OP pharmacy teams to ensure smooth supply chain flow.
- Compliance & Quality Assurance: Ensure that all procurement follows drug regulatory guidelines and hospital policies, maintain accurate purchase records, invoices, and audit compliance reports, monitor expiry, batch recalls, and drug quality issues in coordination with the QA team.
- Financial & Operational Management: Prepare and manage purchase budgets for the pharmacy, monitor and control purchase costs, ensuring savings wherever possible, provide regular MIS reports to management on purchase trends, vendor performance, and cost savings.
- Team & Coordination: Lead and supervise the pharmacy purchase team, collaborate with clinicians, pharmacists, and hospital administration for requirement planning, conduct regular review meetings with stakeholders on purchase and supply chain performance.
Requirements:
- Education: B.Pharm / M.Pharm / MBA in Hospital or Supply Chain Management preferred.
- Experience: 8–12 years of experience in pharmaceutical purchase, with at least 7+ years in a hospital setting (multispecialty preferred).
- Skills & Competencies: Excellent negotiation and vendor management skills, Strong analytical and planning ability, Knowledge of drug regulations, HSN codes, and statutory compliance, Leadership skills with ability to manage a team effectively, Proficiency in ERP / hospital management software for purchase and inventory.
Benefits:
- A dynamic work environment with opportunities for professional growth.
- A chance to make a meaningful impact in the lives of our patients.
- Stakeholder satisfaction (clinicians, pharmacy, finance).
We are committed to delivering the highest standard of personalized care to our patients.
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