Procurement Executive
12 hours ago
Job Summary
The Procurement of Pharma Products \
This job profile involves sourcing, purchasing, and managing pharmaceutical products and raw materials required for manufacturing, distribution, or retail. This role ensures a smooth and cost-effective supply of drugs and related materials while maintaining compliance with pharmaceutical regulations and quality standards.
Job Title Examples ∙Procurement Executive – Pharmaceuticals
Key Responsibilities
1.Sourcing & Vendor Management
- Identify and evaluate suppliers/manufacturers of APIs (Active Pharmaceutical Ingredients), excipients, packaging materials, or finished formulations.
- Negotiate contracts, pricing, and delivery terms with vendors.
- Maintain supplier relationships and assess vendor performance.
2.Procurement Planning
- Forecast demand based on production schedules and sales projections.
- Prepare and manage purchase orders.
- Ensure timely availability of required materials to avoid production delays.
3.Cost Optimization
- Negotiate best prices and payment terms without compromising quality.
- Implement cost-reduction initiatives through alternate sourcing and bulk purchasing.
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4.Quality & Regulatory Compliance
- Ensure all procured materials meet GMP (Good Manufacturing Practices) and quality standards.
- Verify that suppliers comply with regulatory requirements (e.g., FDA, CDSCO, WHO, EU-GMP).
- Maintain proper documentation and certificates (COA, MSDS, DMF, etc.).
5.Inventory & Logistics Coordination
- Coordinate with warehouse and logistics teams for timely receipt and storage.
- Track shipments and resolve supply chain bottlenecks.
- Monitor inventory levels and reorder points.
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6.Data Management & Reporting
- Maintain procurement records, supplier databases, and purchase documentation.
- Prepare regular reports on purchase spend, supplier performance, and cost savings.
Skills Required ∙
- Strong negotiation and communication skills
- ∙Knowledge of pharmaceutical materials (API, intermediates, packaging, excipients)
- ∙Understanding of GMP, GDP, and regulatory compliance
- ∙Analytical and forecasting abilities
- ∙Familiarity with ERP systems (SAP, Oracle, Tally ERP, etc.)
- ∙Vendor management and relationship-building
- ∙Attention to detail and documentation accuracy
Educational Background ∙Bachelor's/Master's degree :
- Pharmacy (B.Pharm / M.Pharm)
- Chemistry
- Biotechnology
- Life Sciences
- Supply Chain Management or Business Administration (MBA preferred for managerial roles)
Typical Career Path
- Procurement Assistant / Executive
- Senior Procurement Executive / Officer
- Procurement / Purchase Manager
- Strategic Sourcing Manager
- Head of Procurement / Supply Chain
Industries / Employers ∙
- Pharmaceutical manufacturing companies ∙
- Contract Manufacturing Organizations (CMOs) ∙
- API & bulk drug manufacturers
- ∙Hospitals and healthcare groups ∙
- Pharmaceutical distributors and retailers
Job Types: Full-time, Permanent, Fresher
Pay: ₹15, ₹25,000.00 per month
Benefits:
- Health insurance
- Provident Fund
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