Procurement Analyst

Precision Medicine Group; Bengaluru; On-site; INR 1,200,000 - 1,600,000; Full time

Job summary

Precision Medicine Group is seeking a Procurement Manager responsible for managing efficient procurement operations for clinical trials. The role involves negotiating terms, overseeing vendor relationships, and ensuring compliance with purchasing processes.

The ideal candidate will have at least five years of relevant experience, a Bachelor's degree, and strong negotiation skills. This position offers the opportunity to significantly impact procurement efficiency and drive cost reductions.

Qualifications

• Minimum of five years of work experience in life science procurement and outsourcing.
• Knowledge and ability to negotiate best vendor terms and pricing.
• Experience with clinical trial procurement and contract research organization operations.

Responsibilities

• Develop and implement procurement strategies that align with company objectives.
• Manage solicitation process including negotiation with vendors.
• Ensure compliance in purchasing process, especially in vendor selection.

Skills

Strong negotiation and interpersonal skills

Excellent analytical, decision-making, and management skills

Capability to work under pressure

Attention to detail

Education

Bachelor’s degree in business administration, accounting, economics, or related field

Tools

Microsoft Office Applications (Excel, Word, etc.)

Job description

Position Summary: The Procurement Manager is responsible for managing an efficient and effective procurement operation for acquiring materials, supplies, equipment, and services in connection with the delivery of services supporting clinical trials. The Procurement Manager is responsible for organizing and supervising procurement activities that include but are not limited to: (i) managing and tracking the request for proposal (RFP) lifecycle; (ii) negotiating preferential pricing; (iii) establishing and tracking towards savings targets; and (iv) performing other commercial and transactional activities.

Essential Functions:

• Developing and implementing procurement strategies that align with the company’s objectives.
• Managing the solicitation process, including reviewing and comparing specifications and costs and where appropriate supporting negotiation with vendors to reduce costs.
• Negotiating terms and conditions with suppliers to ensure the best possible prices and agreements.
• Developing tools and processes to support efficient and quality driven procurement activities.
• Maintaining an up-to-date knowledge of the industry’s market trends and developments.
• Leading transformational activities to build organizational procurement capabilities and improve procurement efficiency.
• Delivering value and competitive advantage measured by cost reduction and cost avoidance, vendor-enabled innovation, and risk mitigation.
• Ensuring compliance in purchasing process, especially in vendor selection and bidding.

Minimum Required:

• Bachelor’s degree in business administration, accounting, economics, or related field required or International equivalent education.
• Minimum of five years of work experience in life science procurement and outsourcing.

Other Required:

• Excellent communication and negotiation skills
• Proficiency in Microsoft Office Applications (Excel, Word, etc.).
• Knowledge of purchasing policies processes, and procedures.
• Knowledge and ability to negotiate best vendor terms and pricing.
• Experience with clinical trial procurement and contract research organization operations.
• Procurement and Supply Chain Certifications
• Experience managing and developing staff.

Skills:

• Strong negotiation and interpersonal skills.
• Excellent analytical, decision-making, and management skills.
• Capability to work under pressure and adapt to dynamic environments.
• Attention to detail and a commitment to achieving operational efficiency.

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Precision Medicine Group is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, age, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other characteristics protected by law.

If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process or are limited in the ability or unable to access or use this online application process and need an alternative method for applying, you may contact Precision Medicine Group at [e-mail].

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