Assistant Manager - Strategic Sourcing (API)

Purchase Order Management and Processing.

Creating, reviewing, and processing purchase orders accurately and efficiently.

Coordinating delivery schedules with suppliers to ensure timely receipt of materials.

Tracking order status, expediting urgent requirements, and managing delivery exceptions.

Maintaining accurate procurement documentation and records for audit purposes.

Implementing purchase approval workflows and authorization controls.

Identifying opportunities for consolidation and strategic partnerships.

Conducting comprehensive market research to identify best-in-class suppliers.

Benchmarking supplier performance against industry standards and competitors.

Supplier Management and Vendor Relations.

Identifying, evaluating, and qualifying potential suppliers based on quality, cost, and reliability criteria.

Maintaining strong relationships with existing suppliers and developing new vendor partnerships.

Negotiating favorable terms, pricing, and service level agreements with vendors.

Cost Management and Budget Optimization.

Implementing cost reduction initiatives through strategic negotiations and process improvements.

Developing business cases for capital purchases and major procurement decisions.

Conducting spend analysis to identify savings opportunities and cost trends.

Inventory Management and Planning.

Collaborating with planning teams to forecast demand and optimize inventory levels. Implementing inventory control measures to minimize carrying costs and stockouts.

Cross-Functional Collaboration and Communication.

Working closely with R&D, operations, warehouse, logistics, finance and project management teams to understand requirements.

Providing procurement expertise and recommendations to internal stakeholders.

Facilitating communication between suppliers and internal teams.

Knowledge in pharma material procurement (Especially in LR ,AR grade materials, Impurities, reference standards).

Techno commercial (Chemistry knowledge).

Just-in-time procurement.

Risk management.

Basic Pharma GMP knowledge.

Good Compliance knowledge related to procurement.

Spend Data Analysis.

Cost Benefit Analysis.

Price Variance Analysis