Procurement Operations & Team Management
- Lead and manage the P2P procurement team to ensure timely procurement of goods at the right price, right quality, and right time.
- Oversee the Gift Purchase team to ensure efficient sourcing and procurement aligned with business requirements.
- Ensure smooth execution of procurement processes while maintaining compliance with company policies and operational efficiency.
Strategic Sourcing & Cost Management
- Lead all commercial negotiations with suppliers, including pricing, Minimum Order Quantity (MOQ), lead time, and payment/credit terms, ensuring optimal cost management and cash flow in coordination with the Finance team.
- Conduct cost analysis and benchmarking to ensure competitive pricing and cost-effectiveness.
- Identify and develop new vendors and alternate suppliers for existing products and new product launches, including specialized vendors for APIs and export markets with required certifications.
Vendor Management & Supply Assurance
- Monitor and ensure timely delivery of all purchase orders, proactively tracking shipments and expediting deliveries when required.
- Coordinate with vendors to address urgent customer requirements and emergency procurement needs.
- Collaborate with the Quality Assurance (QA) team to conduct vendor audits and address supplier quality issues.
Cross-Functional Collaboration
- Work closely with New Product Development (NPD) and Marketing teams to source materials for new product launches and arrange technical discussions with potential suppliers.
- Participate in Cross-Functional Team (CFT) meetings with QA/QC, NPD, Marketing, Regulatory Affairs, and Stores to resolve material-related challenges and improve procurement processes.
- Coordinate with Regulatory Affairs (RA) to ensure compliance with government regulations and applicable drug laws.
Supply Chain Coordination
- Support the Supply Chain Management (SCM) team in inventory planning and strategies to avoid Non-Performing Assets (NPA).
- Manage short-term product shifting from in-house manufacturing to third-party procurement (P2P) during plant shutdowns or production constraints.
Process Improvement & Compliance
- Analyze procurement performance on a weekly and monthly basis and implement action plans to improve service levels and customer satisfaction.
Innovation & Continuous Improvement
- Continuously identify opportunities to improve procurement efficiency, supplier collaboration, and operational effectiveness.
Didn’t find the job appropriate? Report this Job
