Purchase Manager

• Key Responsibilities:

Procurement Strategy & Planning:

• Develop and implement purchasing strategies that align with company goals.
• Analyze market trends and forecasts to ensure optimal inventory levels.
• Collaborate with production and R&D teams to identify material requirements and timelines.

Supplier Management:

• Identify, evaluate, and establish relationships with reliable suppliers.
• Negotiate pricing, terms, and delivery schedules with suppliers.
• Monitor supplier performance in terms of quality, delivery timelines, and pricing.

Inventory & Cost Control:

• Monitor inventory levels and place orders in a timely manner to ensure continuous supply without overstocking.
• Implement cost-effective purchasing strategies to reduce overall expenses.
• Ensure adherence to budgetary guidelines and maintain detailed records of purchasing activities.

Regulatory Compliance:

• Ensure that all purchased materials meet regulatory and quality standards in the pharmaceutical industry (e.g., GMP, ISO, FDA).
• Maintain documentation for audit and compliance purposes.
• Stay updated with industry regulations and ensure company policies are followed.

Collaboration with Internal Departments:

• Work closely with the finance department to ensure the accuracy of financial forecasts and budget alignment.
• Coordinate with the production department to align the procurement process with production schedules.
• Support the R&D team in sourcing raw materials for new product development.

Contract & Risk Management:

• Prepare and review contracts with suppliers, ensuring favorable terms for the company.
• Manage risks associated with supplier performance, including late deliveries or substandard quality.
• Develop contingency plans for supply chain disruptions.

Qualifications & Requirements:

• Education: Bachelor's degree in Supply Chain Management, Business Administration, or related field.
• Experience: Minimum 3 -5 years of experience in procurement or supply chain management in the pharmaceutical or healthcare industry.
• Strong understanding of pharmaceutical regulations and industry-specific procurement practices.
• Skills: Excellent negotiation and vendor management skills.
• Proficiency in procurement software and Microsoft Office Suite.
• Attention to detail and ability to manage multiple tasks under tight deadlines.
• Good communication and interpersonal skills.
• Other: Ability to work in a fast-paced, dynamic environment. Knowledge of ERP systems (SAP, Oracle, etc.) is preferred.

Job Types: Full-time, Permanent

Pay: ₹30,000.00 - ₹40,000.00 per month

Benefits:

• Leave encashment
• Paid sick time
• Paid time off
• Provident Fund

Work Location: In person