Procurement Executive Pharmaceutical & Nutraceutical

As the Procurement Manager in the pharmaceutical and nutraceutical industry, your primary responsibility will be to oversee the sourcing, purchasing, and management of raw materials, packaging materials, and third-party services in adherence to regulatory and quality standards. Your role will entail a comprehensive understanding of Good Manufacturing Practices (GMP), vendor qualification, and supply chain risk management to ensure a continuous supply of essential materials for formulation and production processes. Your key responsibilities will include strategic sourcing by identifying and qualifying suppliers globally for APIs, excipients, nutraceutical ingredients, and packaging materials while ensuring compliance with regulatory bodies such as USFDA, FSSAI, and WHO-GMP. You will be responsible for establishing and maintaining strong supplier relationships through periodic audits and performance evaluations. Additionally, you will negotiate contracts to secure favorable terms for cost, quality, lead time, and supply continuity. Compliance and documentation will be crucial aspects of your role, requiring you to ensure adherence to regulatory and quality guidelines for all procured materials. You will be responsible for maintaining documentation for audits and inspections, including Certificates of Analysis (COAs), Material Safety Data Sheets (MSDS), Drug Master Files (DMFs), among others. Collaborating with R&D, production, and planning teams, you will forecast material requirements and optimize inventory levels to prevent stock-outs or overstocking. Cost optimization will be a primary focus, where you will drive initiatives to reduce costs while upholding material quality and integrity. Identifying potential supply chain risks and developing mitigation strategies, such as alternate suppliers and dual sourcing, will also be part of your responsibilities. You will utilize ERP systems like SAP or Oracle to manage purchase orders, supplier records, and procurement analytics, generating reports on procurement Key Performance Indicators (KPIs). To qualify for this role, you should hold a Bachelor's degree in Pharmacy, Chemistry, Life Sciences, or Supply Chain, with an MBA or PGDM in Supply Chain Management being preferred. You must possess 5-10 years of procurement experience in the pharmaceutical, nutraceutical, or related industries, along with a deep understanding of cGMP, regulatory requirements, and sourcing challenges in the pharma/nutra sector. Strong negotiation, communication, and vendor management skills are essential, as well as familiarity with ERP systems and procurement software. Preferred skills for this position include knowledge of global sourcing, import/export regulations, and supplier qualification processes. Experience in raw material planning and coordination with R&D and formulation teams would be advantageous, as would certification in procurement or supply chain (e.g., CIPS, APICS, CPSM). This is a full-time position with a day shift schedule and opportunities for performance and yearly bonuses. The work location is in person.,