
Procurement Specialist
2 days ago
Pharmacy Acquisition Manager
About This Role:This is a senior leadership position in the hospital's pharmacy department.
Key Responsibilities:- Purchasing and Vendor Management:
- Select, assess, and finalize vendors for pharmaceutical products and supplies.
- Negotiate pricing, credit terms, and supply agreements to ensure cost-effectiveness.
- BUILD AND MAINTAIN STRONG RELATIONSHIPS WITH SUPPLIERS AND DISTRIBUTORS TO ENSURE UNINTERRUPTED SUPPLY OF ESSENTIAL MEDICATIONS.
- Inventory and 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 and 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 and 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 and 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.
- Education: Bachelor of Pharmacy (B.Pharm) / Master of Pharmacy (M.Pharm) / Master of Business Administration (MBA) in Hospital or Supply Chain Management preferred.
- Experience: 8–12 years of experience in pharmaceutical purchasing, with at least 7+ years in a hospital setting (multispecialty preferred).
- Strong knowledge of hospital pharmacy operations, regulatory norms, and supply chain best practices.
- Proven skills in vendor negotiation, procurement systems, and cost management.
- 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.
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