Procurement Specialist at Medbury Pharmaceuticals

Medbury Pharmaceuticals is a division of Medbury Healthcare that specializes in producing high-value medications and distributing a variety of internationally acclaimed products locally. MedPharma also provides direct procurement and supply of pharmaceuticals, as well as technologically enabled vendor management inventory solutions and group purchasing services.

We are recruiting to fill the position below:

Job Title: Procurement Specialist

Location: Lagos

Key Responsibilities
Develop and Implement Procurement:

• Design and execute short- and long-term procurement plan that support cost-efficiency, service quality, and timely delivery of products.
• Monitor market conditions and supply chain trends to adjust procurement strategies accordingly.
• Drive initiatives that support ethical procurement in line with organizational values and compliance needs.
• Contribute to budgeting and cost-containment strategies through effective sourcing and vendor management.

Source Suppliers, Negotiate Contracts, and Manage Vendor Relationships:

• Identify and evaluate potential suppliers based on capacity, reliability, price, lead time, and compliance.
• Conduct vendor prequalification and due diligence checks.
• Lead contract negotiations to ensure favorable pricing, payment terms, service-level agreements (SLAs), and risk mitigation clauses.
• Foster strong relationships with key suppliers through regular engagement, performance discussions, and issue resolution.

Evaluate Supplier Performance and Ensure Compliance with Terms and Quality Standards:

• Establish and monitor vendor KPIs such as on-time delivery, order accuracy, defect rates, and responsiveness.
• Conduct periodic supplier audits and reviews to ensure continued compliance with regulatory, quality, and ethical standards.
• Address supplier non-conformance or performance issues.
• Maintain a preferred supplier list based on consistent performance and value contribution.

Maintain Accurate Records of Purchases and Pricing:

• Track and document all procurement transactions using digital procurement tools, ERP systems, or spreadsheets.
• Maintain up-to-date price lists, purchase orders, contracts, supplier agreements, and invoices for audit and reporting purposes.
• Analyze historical purchasing data to support forecasting, budgeting, and decision-making.
• Ensure accurate coding and classification of all procurement activities for internal and financial reporting.

Collaborate with Internal Departments to Forecast Demand and Manage Procurement Plans:

• Work closely with departments such as Inventory, Supply Chain, Production, and Finance to understand material requirements and consumption patterns.
• Translate demand forecasts into procurement plans that align with budget constraints and storage capacities.
• Anticipate procurement needs for new projects, seasonal demand shifts, or emergency response.

Monitor Procurement Budgets and Drive Cost Reduction Initiatives:

• Track spending against approved budgets, identify cost-saving opportunities, and implement value-for-money sourcing strategies.
• Benchmark procurement costs against market trends and industry standards to ensure competitiveness.
• Evaluate alternative materials, brands, or logistics methods to reduce total procurement costs.

Ensure Compliance with Legal, Regulatory, and Organizational Policies:

• Ensure all procurement documentation is complete, transparent, and available for audits or regulatory inspections.
• Implement anti-fraud and conflict-of-interest controls across procurement processes.

Crisis Management and Risk Mitigation:

• Develop contingency plans for supply chain disruptions such as vendor failure, price volatility, or geopolitical instability.
• Maintain alternative supplier lists and identify backup sourcing options for critical goods or services.
• Monitor contract risk exposure and renegotiate unfavorable terms when necessary.

Qualifications

• Bachelor's Degree in Procurement, Business Administration, or a related field.
• 5+ years of experience in procurement, preferably in the healthcare industry.
• Strong negotiation, vendor and contract management skills.
• Excellent analytical and communication skills.

Application Closing Date
30th June, 2025.

How to Apply
Interested and qualified candidates should send their Resume to: medpharmacareers@gmail.com using the Job Title as the subject of the mail.