Pharmacy Purchase Manager

Job Description

Vendor Management:

• Identify, evaluate and establish relationships with suppliers for pharmaceuticals, medical supplies and healthcare equipment. Maintain strong and reliable partnerships to ensure a consistent supply of products.

Product Sourcing:

• Continuously source pharmaceuticals and medical supplies to meet the hospital's needs. Monitor market trends, product availability and industry developments.

Innovation Management:

• Continually reviews and analyzes operations recommending and implementing operational changes, new technologies etc. that will increase the efficiency and level of service of the pharmacy in collaboration with the Group Supply Chain Director/HOD.

Cost Control:

• Develop and implement cost-effective procurement strategies, negotiate pricing, terms and payment schedules. Seek opportunities to reduce expenses while maintaining product quality.

Inventory Management:

• Monitor and manage inventory levels to prevent shortages and overstocking. Implement inventory control systems to optimize stock levels.

Quality Assurance:

• Ensure all the procured pharmaceutical products and medical supplies strictly meets the regulatory and quality standards. Collaborate with the hospital's pharmacy team to assess product quality and compliance.

Regulatory Compliance:

• Stay informed about healthcare regulations, licensure requirements and industry standards. Ensure all the procurement processes are compliant, including accurate documentation and record-keeping.

Contract Negotiation:

• Negotiate contracts and service agreements with suppliers, specifying terms, delivery schedules, pricing, and quality requirements.

Budget Management:

• Manage the hospital's pharmacy procurement budget, track expenses and report on cost-saving opportunities to the hospital administration.

Emergency Planning:

• Develop contingency plans for procurement during emergencies such as shortages or natural disasters, to ensure a continuous supply of critical medications and medical supplies.

Collaboration:

• Collaborate with other hospital departments, such as the pharmacy, nursing, and administrative staff to understand their procurement needs and provide timely solutions.