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Purchase Executive

2 weeks ago

Hyderabad, Telangana, India Cronus Pharma Full time ₹ 15,00,000 - ₹ 28,00,000 per year

Role & responsibilities

  1. Procurement & Sourcing:

  2. Source APIs from qualified US Market suppliers.

  3. Maintain relationships with existing vendors and identify new suppliers.

  4. Evaluate supplier credentials and ensure regulatory compliance (e.g., GMP, USFDA, EUGMP).

  5. Negotiation & Cost Management:

  6. Negotiate prices, payment terms, delivery schedules, and contracts.

  7. Work with finance and production departments to manage cost-effectiveness.

  8. Inventory & Planning:

  9. Monitor stock levels and forecast needs based on production plans.

  10. Coordinate with production and warehouse teams for timely delivery.

  11. Compliance & Documentation:

  12. Ensure all procurement activities comply with regulatory and quality standards.

  13. Maintain accurate records for audits, including COAs, DMFs, and vendor certifications.

  14. Market Intelligence:

  15. Stay updated on global market trends, pricing, and supply-demand changes.

  16. Track geopolitical or regulatory changes that may impact sourcing.

Required Skills & Qualifications:

  • Education: B.Pharm / B.Sc / M.Sc / MBA (Supply Chain or Pharma Management preferred).
  • Experience: 28 years in pharmaceutical API procurement or supply chain.

  • Knowledge:

  • Understanding of APIs and pharma regulations (e.g., USFDA, EDQM, WHO).

  • Familiarity with sourcing tools, ERP systems (SAP, Oracle, etc.).

  • Skills:

  • Strong negotiation and communication skills.

  • Analytical thinking and attention to detail.
  • Vendor management and relationship building.