Highlights
Strategic sourcing, regulatory compliance, vendor management, inventory optimization.
Description
Job Summary
pThe Purchase Executive at a pharmaceutical company is responsible for procuring raw materials, packaging items, and other consumables required for cosmetic product manufacturing. This role involves sourcing from approved vendors while ensuring compliance with regulatory standards and maintaining optimal inventory levels.
Responsibilities
- Identify and source raw materials, active ingredients, fragrances, and packaging items for cosmetics.
- Raise and manage purchase orders to align with production and inventory needs.
- Coordinate with vendors for price negotiations and quality compliance.
- Evaluate vendor performance based on quality, delivery time, and cost.
- Ensure adherence to procurement policies and regulatory guidelines (GMP, FDA).
- Maintain records and documentation for audits and quality checks.
- Collaborate with QA/QC to ensure materials meet specifications.
- Track inventory levels and update the inventory management system.
- Coordinate logistics and follow up on timely delivery of materials.
- Support in vendor development and alternative sourcing strategies.
- Assist in cost-saving initiatives and price benchmarking.
Required Skills
- Knowledge of GMP and FDA regulations.
- Experience with procurement processes in the cosmetics/pharma industry.
- Proficiency in MS Excel and ERP systems like Marg.
- Strong negotiation and vendor management skills.
- Excellent communication and documentation abilities.
Required Skills Explained
- Strong understanding of procurement processes in the cosmetics/pharma industry, including knowledge of raw materials and their use.
- Familiarity with Good Manufacturing Practices (GMP), Food and Drug Administration (FDA) regulations, and cosmetic regulatory requirements.
- Negotiation and vendor management skills to ensure cost-effective sourcing while maintaining quality standards.
- Proficiency in Microsoft Excel and Enterprise Resource Planning (ERP) systems such as Marg for inventory management and record-keeping.
- Strong analytical and documentation skills, including the ability to maintain detailed records for audits and compliance purposes.
- Excellent communication and interpersonal skills, enabling effective collaboration with internal departments like QA/QC and vendors.
Who is this for
pThis role is ideal for individuals with a strong background in procurement, particularly within the cosmetics or pharmaceutical industries. Experience managing purchase orders and working closely with vendors to ensure timely delivery of raw materials is essential. A keen eye for detail and a commitment to quality control are also necessary.
Why This Job is a Good Opportunity
ulliOpportunity to work in a dynamic and innovative pharmaceutical company that specializes in cosmetic products.liPotential for continuous learning and development within the procurement field, including regulatory compliance and supply chain management.liAffordable housing options near the workplace, with provided food and health insurance benefits.liChance to grow your network by collaborating with a variety of stakeholders in the cosmetics/pharma industry.
Interview Preparation Tips
- Review procurement processes specific to the cosmetics/pharma industry, focusing on raw materials and regulatory requirements.
- PRACTICE negotiation scenarios, especially those involving cost and quality considerations.
- Prepare examples of how you have managed vendor relationships or resolved issues related to inventory management in previous roles.
- Familiarize yourself with the features and functions of ERP systems like Marg for efficient inventory tracking and record-keeping.
Career Growth in This Role
pThis role offers significant opportunities for career growth, particularly within procurement and supply chain management. With experience, one can advance to higher positions such as Senior Purchase Executive or even move into leadership roles overseeing larger teams. Continuous learning through certifications in materials management, supply chain, or procurement further enhances your prospects. Additionally, the ability to develop vendor relationships and implement cost-saving initiatives makes you a valuable asset for upward mobility within the organization.
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Skills
Frequently Asked Questions
What are the educational qualifications needed?A Bachelor’s degree in Pharmacy, Science, Commerce or related field is required. Preferred certifications include Materials Management, Supply Chain, or Procurement.
Are there any language requirements?Hindi and Kannada are mandatory for this role. English proficiency is also necessary.
What benefits come with the job?Benefits include food provision, health insurance, paid sick time, and an attractive salary range of ₹18,000 - ₹25,000 per month.
