Procurement Specialist

Key Accountabilities:Identify and evaluate potential suppliers for raw materials, ensuring compliance with quality standards and cost-effectiveness.Negotiate terms of purchase, including pricing, payment terms, and delivery schedules, to secure favorable agreements.Maintain strong relationships with existing suppliers while seeking opportunities for new supplier partnerships.Issue and manage purchase orders, ensuring timely delivery of raw materials to meet production schedules.Conduct cost analysis to ensure procurement is done within the company’s budget and identify potential areas for savings.Ensure all purchases comply with local and international regulations, including Good Manufacturing Practice (GMP) standards.Stay updated on market trends, raw material availability, and pricing to make informed purchasing decisions.Prepare reports for management on purchasing activities, cost savings, and supplier performance. Qualification Requirements:Bachelor’s Degree in Pharmacy or any related field1-3 years of experience in procurement or purchasing, preferably within the pharmaceutical industry.Familiarity with pharmaceutical raw materials and their supply chains.Strong negotiation, communication, and analytical skills; proficiency in procurement software and Excel.