Key Responsibilities:
1. Procurement & Sourcing:
Source and procure raw materials, excipients, active pharmaceutical ingredients (APIs), and packaging materials.
Identify, evaluate, and develop reliable vendors and suppliers.
Request and evaluate quotations based on quality, pricing, delivery, and payment terms.
2. Purchase Order Management:
Prepare and issue purchase orders (POs) as per approved requirements.
Follow up with suppliers for order confirmation, dispatch, and timely delivery.
Track purchase orders and ensure materials are received as per the required schedule.
3. Vendor Management:
Maintain healthy relationships with existing vendors and develop alternate suppliers.
Conduct vendor audits in coordination with the QA/QC department when required.
Negotiate terms to ensure best pricing without compromising quality.
4. Coordination with Internal Departments:
Coordinate with production, QA/QC, stores, and accounts departments to understand material requirements.
Ensure that procurement aligns with production planning and inventory levels.
Resolve any issues related to delayed or non-compliant material deliveries.
5. Inventory Monitoring:
Monitor stock levels and place orders to avoid shortages or overstocking.
Work with the inventory and stores teams to track and maintain minimum stock levels.
6. Documentation & Compliance:
Maintain all purchase-related documentation (invoices, POs, delivery notes, GRNs, etc.).
Ensure compliance with pharmaceutical regulatory requirements for all purchased materials.
Support audits by providing necessary purchase records and certificates.
7. Cost & Quality Control:
Continuously monitor market trends and price fluctuations to control costs.
Ensure that purchased materials meet quality standards and specifications.