Assistant Vice President

• To manage the P2P purchase team to ensure procurement of required goods at the right price, right quality and right time • To manage the Gift purchase team to ensure procurement of required goods at the right price, right quality and right time Strategic Sourcing & Cost Management • Lead all commercial negotiations on price, Minimum Order Quantity (MOQ), lead time, and payment/credit terms, ensuring optimal cash flow management in coordination with the Finance team. • Conduct thorough cost analysis of materials and products to ensure competitive pricing and cost-effectiveness. • Drive and implement cost optimization and Gross Contribution (GC) improvement initiatives, including transportation cost savings for incoming finished goods. • Identify, evaluate, and qualify new vendors for both existing products (Alternate Vendor Development) and new product launches, including specialized vendors for APIs and export markets with appropriate accreditations. Supply Chain & Project Execution • Oversee and monitor the timely delivery of all committed items, proactively tracking and expediting shipments to maintain service levels. • Collaborate closely with the New Product Development (NPD) and Marketing teams to source materials, arrange technical meetings with potential vendors, and suggest innovative formulations to achieve a better Unique Selling Proposition (USP). • Coordinate cross-functionally (with QA/QC, NPD, Marketing, Regulatory Affairs, and Stores) to address material-related requirements, deficiencies, and improvements via Cross-Functional Team (CFT) meetings. • Respond promptly to emergency requirements from customers by coordinating key contacts at the vendors end to secure urgent deliveries. • Support Supply Chain Management (SCM) in inventory building and Non-Performing Asset (NPA) avoidance strategies. • Manage short-term product shifting from in-house manufacturing to third-party procurement (P2P) during plant shutdowns. Quality, Compliance & Continuous Improvement • Coordinate with Quality Assurance (QA) department to arrange vendor audits and address quality issues or opportunities for improvement. • Ensure compliance with all government regulations, including implementing appropriate drug laws in coordination with the Regulatory Affairs (RA) division. • Develop, document, and enforce Standard Operating Procedures (SOPs) for the department, ensuring team-wide compliance. • Analyze past activities (weekly/monthly) and develop clear action plans to enhance service levels and achieve customer satisfaction. • Drive innovation in packaging, such as implementing printed shippers to improve product presentation and perception.