
Procurement Executive
2 days ago
This role is for one of Weekday's clients
Location: Hyderabad
JobType: full-time
Executive: 1–3 years
Senior Executive: 3–5 years
Assistant Manager: 5–7 years
Manager: 7–10+ years
RequirementsRole Overview:
We are looking for motivated and experienced Procurement professionals to manage end-to-end sourcing of raw materials, herbal extracts, excipients, consumables, and packaging materials. The role scales from day-to-day procurement operations at executive level to strategic sourcing, cost control, and vendor development at the managerial level.
Key Responsibilities:(Responsibilities vary by role level)
For All Levels:- Source raw materials, consumables, and packaging materials as per production plans and forecasts.
- Generate and track Purchase Orders (POs) in ERP and ensure timely procurement.
- Identify and maintain a robust vendor base, ensuring best price, quality, and delivery timelines.
- Coordinate with production, QA, warehouse, and accounts for seamless inward and GRN processing.
- Follow up with suppliers for order confirmations, dispatches, and documentation (COA, MSDS, etc.).
- Maintain material master data, lead times, pricing, and supplier ratings in ERP.
- Ensure procurement complies with GMP, FSSAI, and internal quality standards.
- Resolve supply issues, material rejections, or delays promptly.
- Maintain documentation for internal and external audits (vendor approvals, certifications, etc.).
- Develop and implement procurement strategies aligned with company goals and budgets.
- Negotiate long-term contracts, annual rate agreements, and credit terms with key suppliers.
- Monitor market trends, cost fluctuations, and alternate sourcing opportunities.
- Lead vendor qualification and evaluation processes with QA/QC teams.
- Analyze procurement KPIs – cost savings, supplier performance, OTIF, and material availability.
- Ensure availability of materials while minimizing inventory holding costs.
- Collaborate on new product development sourcing and technology transfer projects.
- Drive cost reduction initiatives without compromising on quality or timelines.
- Manage procurement audits, SOP development, and team training.
Qualifications & Experience:
B.Sc / M.Sc (Chemistry, Life Sciences), B.Pharm / M.Pharm, or B.Com / MBA in Supply Chain or Materials Management.
Experience in herbal extract, nutraceutical, or pharmaceutical procurement is highly preferred.
- Strong negotiation, communication, and vendor management skills.
- Familiarity with ERP systems (SAP, Tally, Oracle, etc.) and MS Excel.
- Knowledge of regulatory requirements, COA validation, and material specs is a plus.
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