Responsible for the procurement of formulary, non-formulary pharmaceuticals and supplies for the Department of Hospital Pharmacy Services in the most proficient and cost-efficient methods in compliance with the Pharmacy Practice Act of Illinois, and Statues of the University of Illinois.
Duties & Responsibilities:

• Responsible for the purchasing of pharmaceuticals, supplies, equipment, and services for Hospital Pharmacy Services; including non-regular product purchases and unique items.
• Prepares and solicits quotations, prepares bids specifications, obtains formal and informal quotations, researches pricing, assists with evaluation of and recommendation of bid awards, and facilitates contract awards and purchase orders; works closely with University purchasing, contracts, and payables.
• Assist clinical faculty with cost containment recommendations through the evaluation of therapeutic trends.
• Maintaining and tracking drug shortages, secures alternative sources for drug supplies when current vendors are unable to meet demand.
• Develops purchasing analysis and reporting tools to provide reports relating to Hospital Pharmacy purchasing.
• Analyzes requests for extensions or amendments to existing contracts and makes recommendations of approval or alternative solutions to management; participates in planning and negotiating sessions with suppliers and departments.
• Reconciles invoicing of products and services, investigates complaints from departments and vendors/contractors and problems arising from the procurement of commodities; determines an appropriate action to resolve vendor/contractor grievances and claims against suppliers.
• Assists with reviews, analysis, and participates in the development and implementation of operational policies and procedures
• Establish and maintain par levels for drug inventory, including monitoring of outdated items, drug returns for credits, evaluating inventory returns, non-formulary drug tracking, and inventory control.
• Analyzes inventory levels to increase inventory turns and reduce waste.
• Serve as a liaison for borrow/loan of pharmaceuticals to hospitals in the vicinity.
• Supervises and/or oversees pharmacy stores staff and students; evaluates job performance and recommends personnel actions to leadership.
• Performs other related duties as assigned.