Procurement Specialist

3 weeks ago


Hyderabad, Telangana, India Alchemy Medicine Pvt Ltd Full time

Alchemy Medicine Pvt Ltd is seeking a skilled Purchase Executive to join its team. As a key member of the procurement function, you will play a crucial role in driving the company's sourcing strategy and ensuring the continuity of supply.

About the Role

You will be responsible for:

  • Identifying and onboarding potential suppliers to meet the company's sourcing needs.
  • Negotiating favorable terms with suppliers, including pricing, payment, delivery lead times, and other key areas.
  • Evaluating and improving supplier performance to ensure optimal cost and service levels.
  • Developing and implementing sourcing strategies in collaboration with cross-functional teams.
  • Analyzing spend categories to identify opportunities for cost optimization.
  • Managing existing supplier relationships and contracts, and renegotiating contracts as needed.
  • Seeking alternative sources and solutions to ensure supply continuity.
  • Defining best-in-class processes to drive lower costs while improving service levels.
  • Working closely with Supply Chain and Operations to ensure seamless supply chain operations.
  • Selecting, monitoring, and managing vendor performance.
  • Developing and executing the strategic sourcing and procurement strategy.

Ideal Candidate

  • You have at least 1 year of experience in buying, procurement, or sourcing within the chemicals and pharmaceuticals industry.
  • You possess excellent negotiation skills and the ability to influence people at all levels.
  • You are a strong networker and relationship builder.
  • You are highly goal-driven and thrive in fast-paced environments.
  • You are adaptable and excel in changing environments.
  • You are willing to undertake 0-30% travel.

What We Offer

  • The opportunity to work alongside and learn from best-in-class talent.
  • A good environment to learn and grow.
  • The chance to work within a company with a solid track record of performance.


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