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Procurement Manager
2 weeks ago
Job Title : Procurement Manager [Retail Pharmacy]
Location : Gurugram
Job Overview
The Purchase Manager oversees procurement for retail pharmacy for Rx medicines. This role is responsible for sourcing pharmaceutical products, negotiating with vendors, managing inventory levels, and ensuring compliance with regulatory standards all while aligning procurement strategies across digital and brick-and-mortar channels.
Key Responsibilities
- Develop and implement procurement strategies tailored for in-store pharmacy operations.
- Source and evaluate suppliers, establish a vendor database, and build strategic supplier relationships.
- Negotiate contracts, pricing, and terms to secure cost-effective deals without compromising quality.
- Manage inventory levels, ensuring optimal stock to meet physical-store demand while minimizing overstock.
- Ensure all procurement activities comply with pharmaceutical regulations and standards (e.g., GDP, GMP).
- Monitor market trends, new product launches, and adjust procurement strategies accordingly.
- Collaborate with internal teamsincluding pharmacists, supply chain, finance, and digital operations—to forecast demand and plan procurement.
- Analyze purchasing data and report on cost savings, supplier performance, and inventory metrics.
- Identify and implement process improvements for procurement workflows and vendor management.
Qualifications & Skills
- Bachelor's degree in Pharmacy, Business Administration, Supply Chain Management, or related field; Pharmacy degree preferred.
- 5+ years of procurement experience, preferably in the pharmaceutical or healthcare sector.
- Demonstrated negotiation, analytical, and communication skills.
- Familiarity with procurement tools and ERP/MRP systems.
- Strong understanding of pharmaceutical quality standards, including GDP/GMP.
- Excellent organizational, multitasking, and problem-solving abilities.
- Regulatory knowledge in pharmacy procurement of Rx medicines and supply chain compliance.
