Procurement Manager at Lifestores Pharmacy

Lifestores Pharmacy aims to be the leading pharmaceutical retail company for the Nigerian mass market. Our mission is to empower our customers to manage their health & wellness.

We are recruiting to fill the position below:

Job title: Procurement Manager

Location: Lagos
Employment Type: Full Time

Job Description

• We are looking for a Procurement & Planning Manager who is analytical, team-oriented, well-organized, self-motivated, and experienced in pharmaceutical procurement.
• You will play a crucial role in assisting to optimizing the procurement process at Lifestores to ensure the timely and cost-effective acquisition of products.
• Your primary responsibility will be to support the procurement team in sourcing, negotiating and coordinating the procurement activities while adhering to industry regulations and quality standards.

Responsibilities

• Developing, leading, and executing procurement and planning strategies
• Tracking and reporting key functional metrics to reduce expenses and improve effectiveness.
• Prioritizing, sourcing, negotiating SLAs with suppliers, engaging and onboarding new suppliers
• Crafting negotiation strategies and closing deals with optimal terms.
• Partnering with stakeholders to ensure clear requirements documentation.
• Performing cost and scenario analysis, and benchmarking.
• Assessing, managing, and mitigating inventory planning and procurement risks
• Collaborate with internal stakeholders to understand the procurement needs and requirements of customers
• Maintaining strong relations with existing suppliers and new suppliers.
• Conducting demand/ reorder planning, negotiating for improved Items
• Assisting in sourcing, evaluating and selection of suppliers/vendors based on quality, cost, delivery
• Following up on orders sent to suppliers to ensure on-time delivery
• Ensuring full availability of products, securing promotional discounts from suppliers
• Conducting price reviews
• Updating the OGA Pharmacy formulary list and ensuring new products are updated on Pharm IQ
• Develop demand forecasts at multiple levels of aggregation. Review historical sales trends, research demand drivers, prepare forecast data, develop statistical forecast models, and evaluate forecast results.
• Ensure that risks to business are escalated with Root cause analysis and recommendations for mitigation.
• Map out demand drivers assumed in forecast & validate them against statistical and historical events. Lead forecast bias and forecast error corrective action.
• Influence the team performance by challenging the workflow of the Demand and Supply Planning process

Qualifications

• Bachelor’s degree in Sciences, business administration or a related field.
• Minimum of 6 years proven experience in procurement or supply chain management within the pharmaceutical industry is preferred
• Sound knowledge of procurement principles, practices, and regulatory requirements specific to the pharmaceutical industry
• Excellent negotiation and vendor management skills
• Excellent communicator, both written and verbally with strong attention to details
• Strong analytical skills
• Strong organizational and project management skills

Application Closing Date
Not Specified.