Purchasing Executive

Skills:
Negotiation, Vendor Management, Inventory Management, Market Research, Communication Skills, Purchase Order, Contract Negotiation, Pharmacy Background,

We are seeking a highly motivated and experienced Purchase Executive with a background in the pharmaceutical industry. The ideal candidate will be responsible for managing procurement activities, ensuring the timely availability of materials, and maintaining cost-effective inventory levels while adhering to quality standards.

Key Responsibilities

• Procurement Management:
• Identify and evaluate potential suppliers based on quality, pricing, and delivery capabilities.
• Negotiate contracts, terms, and pricing with suppliers to secure advantageous terms.
• Issue purchase orders and ensure timely delivery of materials.
• Inventory Control:
• Monitor inventory levels and forecast requirements to prevent shortages or excess stock.
• Coordinate with warehouse and production teams to manage inventory effectively.
• Conduct regular audits to ensure inventory accuracy.
• Supplier Relationship Management:
• Maintain strong relationships with existing suppliers and develop new supplier partnerships.
• Evaluate supplier performance and implement improvements to ensure high-quality supplies.
• Resolve any issues or discrepancies with suppliers promptly.
• Compliance and Quality Assurance:
• Ensure all procured materials comply with regulatory and quality standards.
• Collaborate with the quality assurance team to manage supplier audits and quality checks.
• Maintain accurate and up-to-date records of all procurement activities.
• Cost Management:
• Monitor market trends and identify cost-saving opportunities.
• Implement strategies to reduce procurement costs without compromising quality.
• Prepare and analyze procurement reports to track spending and identify areas for improvement.
• Coordination and Communication:
• Work closely with the production, quality control, and finance teams to align procurement activities with company objectives.
• Communicate effectively with internal stakeholders to understand and meet their material requirements.
• Provide regular updates on procurement status and any potential issues.