Procurement Manager at Lifestores Pharmacy

• We are looking for a Procurement & Planning Manager who is analytical, team-oriented, well-organized, self-motivated, and experienced in pharmaceutical procurement.
• You will play a crucial role in assisting to optimizing the procurement process at Lifestores to ensure the timely and cost-effective acquisition of products.
• Your primary responsibility will be to support the procurement team in sourcing, negotiating and coordinating the procurement activities while adhering to industry regulations and quality standards.

Responsibilities

• Developing, leading, and executing procurement and planning strategies
• Tracking and reporting key functional metrics to reduce expenses and improve effectiveness.
• Prioritizing, sourcing, negotiating SLAs with suppliers, engaging and onboarding new suppliers
• Crafting negotiation strategies and closing deals with optimal terms.
• Partnering with stakeholders to ensure clear requirements documentation.
• Performing cost and scenario analysis, and benchmarking.
• Assessing, managing, and mitigating inventory planning and procurement risks
• Collaborate with internal stakeholders to understand the procurement needs and requirements of customers
• Maintaining strong relations with existing suppliers and new suppliers.
• Conducting demand/ reorder planning, negotiating for improved Items
• Assisting in sourcing, evaluating and selection of suppliers/vendors based on quality, cost, delivery
• Following up on orders sent to suppliers to ensure on-time delivery
• Ensuring full availability of products, securing promotional discounts from suppliers
• Conducting price reviews
• Updating the OGA Pharmacy formulary list and ensuring new products are updated on Pharm IQ
• Develop demand forecasts at multiple levels of aggregation. Review historical sales trends, research demand drivers, prepare forecast data, develop statistical forecast models, and evaluate forecast results.
• Ensure that risks to business are escalated with Root cause analysis and recommendations for mitigation.
• Map out demand drivers assumed in forecast & validate them against statistical and historical events. Lead forecast bias and forecast error corrective action.
• Influence the team performance by challenging the workflow of the Demand and Supply Planning process

Qualifications

• Bachelor’s degree in Sciences, business administration or a related field.
• Minimum of 6 years proven experience in procurement or supply chain management within the pharmaceutical industry is preferred
• Sound knowledge of procurement principles, practices, and regulatory requirements specific to the pharmaceutical industry
• Excellent negotiation and vendor management skills
• Excellent communicator, both written and verbally with strong attention to details
• Strong analytical skills
• Strong organizational and project management skills