Purchasing Manager

Skills:
Negotiation, Supply Chain Management, Vendor Management, Cost Analysis, Inventory Management, Contract Management, Market Research, Budgeting,

Job Summary

The Purchase Manager/General Manager (GM) - Procurement is responsible for overseeing the procurement activities of the company, ensuring the timely and cost-effective acquisition of raw materials, equipment, and services required for pharmaceutical production. This role involves strategic sourcing, vendor management, contract negotiations, and continuous improvement of procurement processes.

Key Responsibilities

• Strategic Sourcing and Procurement:
• Develop and implement procurement strategies to ensure the timely and cost-effective acquisition of raw materials, equipment, and services.
• Identify and evaluate potential suppliers, conducting market research and analysis to support sourcing decisions.
• Negotiate contracts, terms, and conditions with suppliers to achieve the best value for the company.
• Vendor Management:
• Establish and maintain strong relationships with key suppliers, ensuring compliance with quality, delivery, and cost requirements.
• Monitor supplier performance and conduct regular reviews to address any issues and improve overall performance.
• Develop and implement supplier qualification and evaluation processes.
• Cost Control and Budget Management:
• Develop and manage the procurement budget, ensuring alignment with company financial goals.
• Identify cost-saving opportunities and implement measures to achieve cost reduction targets.
• Monitor and report on procurement expenditures, ensuring adherence to budgetary constraints.
• Compliance and Risk Management:
• Ensure all procurement activities comply with regulatory requirements, industry standards, and company policies.
• Identify and mitigate risks associated with the supply chain, including quality, delivery, and financial risks.
• Participate in audits and inspections as required, providing documentation and support for regulatory compliance.
• Process Improvement:
• Continuously evaluate and improve procurement processes to enhance efficiency, effectiveness, and compliance.
• Implement best practices and innovative solutions to streamline procurement operations.
• Utilize procurement software and tools to enhance data management and decision-making.
• Team Leadership and Development:
• Lead and manage the procurement team, providing guidance, training, and support to ensure high performance and professional growth.
• Foster a collaborative and results-oriented work environment, promoting teamwork and accountability.
• Conduct performance reviews and implement development plans for team members.
• Stakeholder Collaboration:
• Collaborate with cross-functional teams, including production, quality assurance, and finance, to ensure alignment of procurement activities with overall company objectives.
• Communicate effectively with internal stakeholders to understand and address their procurement needs and requirements.
• Participate in strategic planning and decision-making processes to support company growth and development.
  
  

Qualifications

• Bachelor's degree in Supply Chain Management, Business Administration, or a related field. Advanced degree preferred.
• Minimum of 8-10 years of experience in procurement, with at least 5 years in a managerial role within the pharmaceutical industry.
• Strong knowledge of procurement principles, practices, and regulations, particularly in the pharmaceutical sector.
• Proven experience in strategic sourcing, contract negotiations, and vendor management.
• Excellent analytical, organizational, and problem-solving skills.
• Strong leadership and team management abilities.
• Effective communication and interpersonal skills, with the ability to work collaboratively with internal and external stakeholders.
• Proficiency in procurement software and tools.
  
  

Preferred Qualifications

• Certification in Supply Chain Management (e.g., CPSM, CSCP).
• Experience with international procurement and global supply chain management.
• Knowledge of FDA regulations and GMP (Good Manufacturing Practices) compliance.