Senior Executive - Procurement

This position is responsible for managing procurement activities for the retail pharmacy operations, which includes sourcing, negotiating, and procuring a wide range of pharmaceutical and healthcare products to meet our business needs while ensuring cost efficiency and product quality. Responsibilities:

• Identify and evaluate potential suppliers, negotiate terms, and establish long-term partnerships to ensure a consistent supply of high-quality products.
• Sourcing pharmaceutical and healthcare products and services while optimizing costs and quality.
• Draft, review, and manage procurement contracts, including terms and conditions, pricing agreements, and service level agreements with suppliers.
• Coordinates procurement operations and inventory management to ensure critical drug availability, accurate inventory value assessment, optimized inventory turns, and minimized drug expirations.
• Monitor and manage inventory levels to ensure optimal stock level, inventory value assessment, minimize wastage and prevent stockouts.
• Analyze procurement costs, identify cost-saving opportunities, and implement strategies to improve procurement efficiency.
• Prepare and present procurement reports to management, highlighting key performance indicators and insights.
• Conduct market research to keep abreast of emerging trends, marketing conditions, business opportunities and product innovations to make informed procurement decisions.
• Any other duties as and when assigned from time to time.

• Bachelor degree in Procurement, Supply Chain Management, Business or any relevant field.
• Minimum 3 - 4 years of relevant work experience in procurement, preferable within the retail pharmacy or healthcare industry.
• Effective negotiation and contract management skills.
• Strong analytical skills with the ability to conduct cost analyses.
• Effective communication and interpersonal skills.
• Able to communicate effectively in English (verbal & written).
• Familiarity with regulatory requirements for pharmaceutical procurement.
• Ability to work independently and as part of a team.