Iraavata Hospital
Urgently Required
Pharmacy Purchasing Manager
Experience : 1 to 5 years
No of vacancies : 1
Job Description: The Pharmacy Purchasing Manager is responsible for overseeing all aspects of purchasing and inventory management within a pharmacy setting, whether in a hospital, retail, or specialty pharmacy. This role involves strategic sourcing of pharmaceuticals and medical supplies, negotiation with suppliers, and inventory control to ensure an optimal stock level that meets the pharmacy’s needs without overstocking or understocking. The Pharmacy Purchasing Manager plays a crucial role in managing costs, maintaining quality standards, and ensuring the continuous availability of necessary medications and supplies.
Key Responsibilities: Vendor Relations: Establish and maintain positive relationships with pharmaceutical suppliers and wholesalers to negotiate favorable terms and pricing.
Purchasing Strategy: Develop and implement effective purchasing strategies that align with the pharmacy’s budget and operational goals.
Inventory Management: Oversee inventory levels to ensure adequate stock of medications and supplies while minimizing waste and overstock.
Forecasting: Analyze trends and forecast demand to make informed purchasing decisions and anticipate supply needs.
Compliance and Quality Control: Ensure that all purchased items meet regulatory requirements and quality standards.
Cost Management: Monitor and manage the pharmacy’s purchasing budget, seeking ways to reduce costs without compromising quality or availability.
Supply Chain Coordination: Work closely with pharmacy staff, supply chain teams, and healthcare providers to coordinate the timely and efficient delivery of supplies.
Contract Management: Negotiate contracts with suppliers and manage ongoing contract performance and renewal processes.
Technology Utilization: Leverage technology for inventory management, order processing, and tracking deliveries.
Team Collaboration: Collaborate with pharmacists, pharmacy technicians, and other department managers to understand and meet the pharmacy’s supply needs.
Education Qualifications: Education: Bachelor’s degree in Pharmacy, Supply Chain Management, Business Administration, or a related field. Advanced degrees or certifications in pharmacy or supply chain management are advantageous.
Experience: Proven experience in purchasing, inventory management, or a related field within a pharmacy or healthcare setting.
Skills: Strong negotiation, analytical, and organizational skills, along with a deep understanding of the pharmaceutical supply chain and regulatory environment.
Key Attributes: Strategic Thinking: Ability to develop purchasing strategies that optimize inventory levels and reduce costs.
Analytical Skills: Strong analytical skills to assess supply needs, evaluate supplier performance, and manage inventory effectively.
Negotiation Skills: Excellent negotiation skills to secure favorable terms and pricing from suppliers.
Detail-Oriented: Attention to detail in managing inventory, tracking orders, and ensuring compliance with quality standards.
Communication: Effective communication and interpersonal skills to work with suppliers, healthcare professionals, and team members.
About the Role: Cost Control: Actively contributes to the financial efficiency of the pharmacy by managing purchasing costs and negotiating favorable terms.
Supply Chain Efficiency: Enhances the efficiency of the pharmacy’s supply chain, ensuring timely availability of medications and supplies.
Quality Assurance: Ensures that all pharmaceuticals and supplies meet required quality standards and regulatory compliance.
Strategic Planning: Plays a strategic role in planning for the pharmacy’s long-term supply needs, considering trends in healthcare, medication use, and supply chain disruptions.
Collaboration: Facilitates collaboration across departments and with external suppliers to ensure the pharmacy’s operational needs are met efficiently and effectively.
The Pharmacy Purchasing Manager is integral to the smooth operation of pharmacy services, ensuring that patients have access to the necessary medications and supplies while also managing costs and maintaining high standards of quality and compliance.