Procurement Formulation Sr. Executive Manager

Mumbai - India

Monthly Salary: Not Disclosed

Posted on: 11 hours ago

Vacancies: 1 Vacancy

Job Summary

About the Company: Our client is a leading pharmaceutical company in India with a strong presence in domestic and international markets. The organization has a diversified portfolio across OSD (Oral Solid Dosage) Sterile Injectables and OTC products catering to multiple regulated markets.

Key Responsibilities:

• Strategic Sourcing & Vendor Management: Identify evaluate and develop potential suppliers based on quality reliability and cost-effectiveness. Maintain the Approved Vendor List (AVL) and conduct supplier performance reviews.
• Techno-Commercial Negotiations: Negotiate prices payment terms and delivery timelines aiming for cost reduction without compromising quality.
• Purchase Order & Contract Management: Create issue and manage Purchase Orders (POs) and Rate Contracts (RCs) within ERP systems (e.g. SAP/Ivalua). Ensure contracts are legally compliant and clearly defined.
• Three-Way Matching & Invoicing: Verify supplier invoices against POs and Goods Receipts (GRN) to ensure accuracy in quantity and price before authorizing payment.
• Inventory & Demand Planning: Monitor stock levels of pharmaceutical ingredients or consumables to ensure continuous supply chain operations while avoiding overstocking.
• Regulatory Compliance: Ensure all procurement activities adhere to regulatory standards (e.g. GMP FDA/EMA regulations) and internal company policies.
• Cost Optimization & Data Analysis: Analyze spending patterns identify opportunities for cost savings and manage vendor performance metrics.

Key Competencies
• Analytical Skills: Data-driven approach to procurement.
• Communication: Ability to liaison between technical teams (QA) and vendors.
• Problem-Solving: Proactive in resolving supply chain disruptions.

Key Performance Indicators (KPIs)
• Procurement Savings (Cost Reduction)
• PO to Receipt Cycle Time
• Supplier Delivery Performance (OTIF - On Time In Full)
• Quality Non-Conformance Rate
• Spend Under Contract

Educational Qualification
in Chemistry or related field

About the Company: Our client is a leading pharmaceutical company in India with a strong presence in domestic and international markets. The organization has a diversified portfolio across OSD (Oral Solid Dosage) Sterile Injectables and OTC products catering to multiple regulated markets.Key Respons...