
Drug Procurement Specialist
3 days ago
Our organization is seeking a highly skilled and experienced Pharmacy Purchase Manager to oversee the procurement and inventory management of all medicines, surgical consumables, and pharmaceutical supplies for our hospital.
- 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.
- Ensure uninterrupted supply of drugs, including critical and life-saving medicines.
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.
Required Skills and Qualifications:
- 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).
- Strong knowledge of hospital pharmacy operations, regulatory norms, and supply chain best practices.
- Proven skills in vendor negotiation, procurement systems, and cost management.
Benefits:
- 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.
Key Performance Indicators (KPIs):
- Cost savings achieved through procurement strategies.
- Vendor performance and timely supply rate.
- Stock-out rate and inventory turnover ratio.
- Compliance audit scores.
- Stakeholder satisfaction (clinicians, pharmacy, finance).
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