Job Summary
This position plays a crucial role in executing and shaping the company’s aggressive growth-oriented strategy. This position involves close coordination with Business Development team, nurturing existing supplier relationships, adding new suppliers across global markets, and managing the sourcing and procurement.
Essential Duties and Responsibilities:
- Develop and execute a comprehensive sourcing and procurement strategy to meet company objectives.
- Research global market, analyze and share evaluation to estimate and procure competitive pricing, lead times, and quotes for the comparator drugs and other requirements from the client.
- Onboard existing supplier relationships and establish new partnerships across US & global target markets.
- Coordinate with the team to ensure timely completion of tasks and reduce workload.
- Review weekly progress of sourcing plan vs. actual and devise tactics to ensure monthly achievement targets are met.
- Negotiate contracts for sales/purchases, manage contract renewals, and review contracts as required.
- Manage relationships with suppliers and ensure effective trading operations.
- Liaise with facility team members on inventory levels, stock control, and warehousing activities.
- Work closely with the logistics team to achieve committed turnaround times.
- Coordinate with the business development team on market expectations regarding product rates and negotiate with suppliers to support order conversion.
- As a sourcing specialist, bridging the gap between sales and procurement functions to optimize efficiency in the supply chain and enhance overall customer satisfaction.
- Build a rapport with existing and engage new clients by delivering exceptional service, fostering new relationships, and contributing to the growth of New Life Medicals (USA), Inc.
- Collaborate with the BD team to identify opportunities for business growth and expansion.
- Stay updated on industry trends and market developments to inform sourcing and business development strategies.
- Flexibility to travel for attending (need based) Exhibitions, Conferences, business related travel i.e (Company Meeting or to visiting the facility in North Carolina)
Work Experience Qualifications:
- Proven 7-10+ years of work experience as a Sourcing Specialist / Procurement Specialist, preferably in the clinical trial supplies, pharmaceuticals outsourcing team, comparator drug sourcing and supplies.
- Result driven orientation having solid service oriented attitude with excellent negotiation skills.
- Previous experience in SAP & other industry software will be an added advantage
- Must have keen attention to detail and possess proper phone and email etiquette.
- Ability to stay organized while effectively prioritizing multiple projects at once.
- High attention to detail when completing projects.
- Person should be in position to travel for meetings and exhibitions and events.
- Strong time management skills to complete projects by deadlines.
- Self-motivated individual who takes ownership of their projects.
- Administrative skills (MS Office and Google Workspace are required).
- Maintain excellent verbal, writing, and language skills.
Education Qualifications:
- Bachelor’s or Master’s Degree in health sciences, or related field of Pharmaceuticals.
Why You Should Join NewLife Medicals
- Join a high growth and fast paced global organization with a people focused culture
- Global exposure, defined career path and annual performance review and feedback process
NewLife Medicals fosters Respect, Equality, and Inclusivity within its employees, stakeholders, suppliers, and vendors. Our diversity plan recruits the best talent regardless of gender, age, race, disabilities, and nationality. This facilitates a diverse work culture where people with different skill sets come together to create an environment of creativity and mutual respect. Women represent half of our workforce.
We endeavor to create a sustainable value system for people, communities, partners, and our planet. We have established a compliance team that guides employees in following ethical business practices while incorporating integrity and honesty in their behavior.
NewLife Medicals encourages employees to make their lives productive while enjoying the workplace. We encourage them to bring their own goals and achieve them with us with our employee-friendly work policies, support system, safe environment, and growth opportunities. Celebrating life in every form is a core of every NewLife Medicals employee’s existence.
