Purchase - Executive

Promea

3-5 years

Not Disclosed

Hyderabad

10 Feb. 10, 2025

Job Description

Job Type: Full Time Education: B.Sc./ M.Sc./ M.Pharm/ B.Pharm/ Life Sciences Skills: Causality Assessment, Clinical SAS Programming, Communication Skills, CPC Certified, GCP guidelines, ICD-10 CM Codes, CPT-Codes, HCPCS Codes, ICD-10 CM, CPT, HCPCS Coding, ICH guidelines, ICSR Case Processing, Interpersonal Skill, Labelling Assessment, MedDRA Coding, Medical Billing, Medical Coding, Medical Terminology, Narrative Writing, Research & Development, Technical Skill, Triage of ICSRs, WHO DD Coding

Job Title: Purchase Executive
Experience: 3-5 years
Location: Hyderabad
Employment Type: Full-Time

Job Summary:

As a Purchase Executive at Promea Therapeutics, you will play a critical role in managing the procurement process to ensure the timely and cost-effective sourcing of materials, equipment, and services necessary for our operations. You will work closely with internal teams, suppliers, and stakeholders to ensure smooth and efficient procurement operations.

Key Responsibilities:

Supplier Management:
- Identify reliable suppliers, evaluate their capabilities, and negotiate favorable terms and pricing agreements.
- Maintain strong relationships with suppliers, resolve any issues or disputes, and conduct periodic supplier performance evaluations.
Procurement Execution:
- Prepare and issue purchase orders based on approved requisitions, ensuring accuracy and compliance with procurement policies and procedures.
- Ensure timely delivery of materials and services by coordinating with suppliers and internal teams to address delays or discrepancies.
Collaboration with Internal Stakeholders:
- Work closely with production, quality assurance, and finance teams to understand procurement requirements and ensure materials meet specifications.
- Collaborate with cross-functional teams to support new product launches, product changes, and supplier qualification processes.
Inventory Management:
- Monitor inventory levels, lead times, and consumption patterns to optimize inventory management and minimize stockouts or excess inventory.
- Track procurement budgets and ensure adherence to approved spending limits.
Market Trends & Sourcing Opportunities:
- Monitor market trends, conduct supplier assessments, and stay updated with industry developments to identify potential cost savings and sourcing opportunities.
Compliance & Documentation:
- Ensure procurement practices align with regulatory requirements such as GMP (Good Manufacturing Practices) and GDP (Good Documentation Practices).
- Maintain accurate procurement records, including purchase orders, contracts, supplier agreements, and price lists.
Process Improvement:
- Continuously seek opportunities for process improvement, cost optimization, and efficiency gains in the procurement function.

Qualifications and Skills:

Educational Background:
- Bachelor's degree in Supply Chain Management, Business Administration, or a related field.
Experience:
- Minimum of 3-5 years of experience in procurement or purchasing, preferably in the pharmaceutical or healthcare industry.
Industry Knowledge:
- Strong knowledge of procurement principles, practices, and regulations within the pharmaceutical sector.
- Familiarity with Good Manufacturing Practices (GMP) and regulatory requirements related to pharmaceutical procurement.
Negotiation & Communication:
- Proven negotiation skills and the ability to build effective supplier relationships.
- Excellent communication and interpersonal skills, with the ability to collaborate with internal teams and suppliers.
Analytical Skills:
- Strong analytical and problem-solving abilities, with attention to detail and the ability to analyze procurement data and trends.
Software Proficiency:
- Proficiency in procurement software, enterprise resource planning (ERP) systems, and Microsoft Office Suite.
Contract Management:
- Knowledge of contract management and legal aspects related to procurement.
Multitasking & Time Management:
- Ability to multitask, prioritize workload, and meet deadlines in a fast-paced and dynamic environment.

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