What are the responsibilities and job description for the Purchasing Specialist position at MedPharm?
A Purchasing Specialist drives the tactical and strategic acquisition of raw materials, APIs (Active Pharmaceutical Ingredients), laboratory consumables, and manufacturing equipment. They ensure seamless supply chain operations to meet strict client and regulatory deadlines.
Core Responsibilities
Core Responsibilities
- Procurement Execution: Manage the end-to-end procurement process, from evaluating vendor quotes to issuing purchase orders and tracking shipments.
- Vendor Management: Manage supplier relationships, identifying, qualifying, and negotiating with suppliers to secure competitive pricing, favorable terms, and reliable delivery schedules.
- GMP Compliance: Ensure all sourced materials meet strict pharmaceutical standards and follow Current Good Manufacturing Practice (CGMP) guidelines.
- Cross-Functional Collaboration: Partner with Quality Assurance, Warehouse, Manufacturing, and Project Management to resolve supply disruptions, quality discrepancies, and invoice issues.
- Inventory Control: Monitor stock levels of critical raw materials, safety stock, and specialized lab supplies to prevent production bottlenecks.
- Data Analytics: Analyze spending patterns, track market trends, and implement cost-saving initiatives without compromising quality or compliance.
- Record Keeping: Maintain up-to-date documentation on approved vendor lists, supplier contracts, and pricing histories in an ERP system.
- Cost Savings: Identify cost savings opportunities and negotiate price and terms for purchases
- Education: Bachelor's degree in Supply Chain Management, Business Administration, Finance, or a Life Sciences/Chemistry field, OR, similar and equivalent experience.
- Experience: 5-7 years of progressive procurement or buyer experience, ideally in the pharmaceutical, biotechnology, or contract manufacturing sectors. In-depth knowledge of purchasing principles and practices.