Finished Formulations - Purchase Head ( Pharmaceutical )

Role & Responsibilities: Head of Procurement for Finished Formulations

Role:

We are seeking an experienced leader for our procurement department specializing in finished formulations. This role demands expertise in the pharmaceutical industry, particularly in purchasing finished formulation products, and the ability to manage relationships with API manufacturers and CDMOs effectively.

Responsibilities:

- Oversee and manage the procurement process for finished formulations, ensuring timely and cost-effective acquisition.

- Build and maintain strong relationships with API manufacturers and Contract Development and Manufacturing Organizations (CDMOs) involved in finished formulations.

- Ensure thorough understanding and application of Certificates of Analysis (COA) to verify product quality and compliance.

- Generate and manage purchase orders accurately, adhering to company policies and standards

- Lead the procurement team, providing guidance and support to ensure departmental goals are met.

- Address and resolve procurement challenges, including supply chain issues and vendor-related problems.

- Negotiate favorable terms and rates with vendors and CDMOs to optimize cost and value.

- Monitor market trends and industry developments to inform strategic procurement decisions.

- Ensure all procurement activities adhere to regulatory standards and company policies.

- Prepare and present detailed procurement reports to senior management, highlighting key metrics and performance indicators.

- Work closely with other departments to align procurement strategies with overall business objectives.

- Develop and implement strategies for procurement that support long-term business goals and operational efficiency.

Requirements:

- Proven experience in procurement of finished formulations within the pharmaceutical industry.

- Strong relationships with API manufacturers and CDMOs.

- Expertise in managing COAs and generating purchase orders.

- Demonstrated leadership abilities and effective problem-solving skills.

- Excellent negotiation skills and market insight.

This role requires a seasoned professional with the ability to navigate complex procurement processes, maintain strong vendor and CDMO relationships, and lead a team effectively.

Preferred Candidate Profile :

- Over 5 years of experience in procurement for finished formulation products within the pharmaceutical industry.

- In-depth knowledge of Certificates of Analysis (COA) and quality standards, with experience in generating and managing purchase orders for finished formulations.

- Strong relationships with API manufacturers and Contract Development and Manufacturing Organizations (CDMOs) across India.

- Comprehensive understanding of pharmaceutical finished formulations and industry trends.

- Up-to-date with current market conditions and pricing for finished formulations.

- Strong personality with excellent communication and email writing skills.

- Proficient in price negotiation and convincing suppliers and CDMOs.

- Capable of handling procurement challenges effectively, demonstrating responsibility and a pragmatic approach.

- Ability to manage multiple procurement tasks efficiently and maintain detailed records.

- Familiarity with regulatory requirements and adherence to company policies related to finished formulations.

- Flexibility to adapt to changing market conditions and procurement needs.

Perks and Benefits:

- Positive work culture with a supportive and collaborative environment focused on professional growth.

- Supportive colleagues and leadership committed to helping you succeed.

- Access to timely assistance for any questions or issues.

- Genuine and flexible leave policies to accommodate your personal needs.

- Attractive incentive programs and performance-based bonuses.

- Pathways for advancement, including in-house promotions and performance-based salary increases, without time constraints.

- Opportunities to participate in team-building activities and outings.

- Comprehensive health insurance coverage for you and your family, up to ₹25 lakhs.

- Complimentary transportation services for convenience in your daily commute.