Purchase Executive/ Sr. Purchase Executive Job in Newedge Overseas

1. Sourcing and Vendor Management:

• Identify and evaluate potential suppliers of pharmaceutical products and materials.
• Develop and maintain strong relationships with vendors and negotiate favourable terms and conditions.
• Conduct regular supplier assessments and audits to ensure quality standards are met.

2. Purchase Order Processing:

• Receive purchase requisitions from various departments and review specifications and requirements.
• Prepare and issue purchase orders to approved vendors, ensuring accuracy and adherence to procurement policies and procedures.
• Monitor purchase order status and follow up with vendors to ensure timely delivery.

3. Price Negotiation and Cost Control:

• Negotiate pricing, terms, and discounts with suppliers to achieve cost savings without compromising quality.
• Continuously monitor market trends, price fluctuations, and competitive offerings to identify cost-saving opportunities.
• Collaborate with the finance department to analyse and control procurement costs.

4. Inventory Management:

• Maintain appropriate inventory levels of pharmaceutical products and materials to meet customer demand.
• Coordinate with the warehouse team to ensure accurate stock levels, minimize stock outs, and reduce excess inventory.
• Conduct periodic stock checks and implement inventory control measures to prevent losses or wastage.

5. Compliance and Documentation:

• Ensure compliance with regulatory requirements and industry standards related to pharmaceutical procurement.
• Maintain accurate records of procurement activities, purchase orders, invoices, and supplier contracts.
• Assist in conducting internal and external audits related to procurement and supply chain management.

6. Team Collaboration:

• Collaborate with cross-functional teams such as sales, marketing, quality control, and regulatory affairs to ensure smooth procurement operations.
• Provide support to internal stakeholders by addressing procurement-related queries and issues.