Manager, Procurement formulation Full Time

Procurement – P2P formulation

Business Unit

Global Procurement

Job Grade

Senior Executive/Manager

Location:

Acme Plaza, Andheri

At Sun Pharma, we commit to helping you “Create your own sunshine”— by fostering an environment where you grow at every step, take charge of your journey and thrive in a supportive community.

Are You Ready to Create Your Own Sunshine?

As you enter the Sun Pharma world, you’ll find yourself becoming ‘Better every day’ through continuous progress. Exhibit self-drive as you ‘Take charge’ and lead with confidence. Additionally, demonstrate a collaborative spirit, knowing that we ‘Thrive together’ and support each other’s journeys.”

Key Responsibilities

• Strategic Sourcing & Vendor Management: Identify, evaluate, and develop potential suppliers based on quality, reliability, and cost-effectiveness. Maintain the Approved Vendor List (AVL) and conduct supplier performance reviews.
• Techno-Commercial Negotiations: Negotiate prices, payment terms, and delivery timelines, aiming for cost reduction without compromising quality.
• Purchase Order & Contract Management: Create, issue, and manage Purchase Orders (POs) and Rate Contracts (RCs) within ERP systems (e.g., SAP/Ivalua). Ensure contracts are legally compliant and clearly defined.
• Three-Way Matching & Invoicing: Verify supplier invoices against POs and Goods Receipts (GRN) to ensure accuracy in quantity and price before authorizing payment.
• Inventory & Demand Planning: Monitor stock levels of pharmaceutical ingredients or consumables to ensure continuous supply chain operations while avoiding overstocking.
• Regulatory Compliance: Ensure all procurement activities adhere to regulatory standards (e.g., GMP, FDA/EMA regulations) and internal company policies.
• Cost Optimization & Data Analysis: Analyze spending patterns, identify opportunities for cost savings, and manage vendor performance metrics.

Key Competencies

• Analytical Skills: Data-driven approach to procurement.
• Communication: Ability to liaison between technical teams (QA) and vendors.
• Problem-Solving: Proactive in resolving supply chain disruptions.

Key Performance Indicators (KPIs)

• Procurement Savings (Cost Reduction)
• PO to Receipt Cycle Time
• Supplier Delivery Performance (OTIF – On Time In Full)
• Quality Non-Conformance Rate
• Spend Under Contract

Job Requirements

Educational Qualification

B.Pharm, B.Sc/M.Sc in Chemistry, or related field.

Experience

5 + years

Your Success Matters to Us

At Sun Pharma, your success and well-being are our top priorities! We provide robust benefits and opportunities to foster personal and professional growth. Join us at Sun Pharma, where every day is an opportunity to grow, collaborate, and make a lasting impact. Let’s create a brighter future together!

Disclaimer: The preceding job description has been designed to indicate the general nature and level of work performed by employee within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees as assigned to this job. Nothing herein shall preclude the employer from changing these duties from time to time and assigning comparable duties or other duties commensurate with the experience and background of incumbent(s).