An ambitious and result driven professional with 10+ years of experience in Pharmaceutical industry with extensive focus on Sourcing and Supply chain Management
Hands on experience in exploring new market trends, accelerating growth & achieving desired business goals
Armed with experience in finished product sourcing with wide range of supplier network
Demonstrated ability to reduce procurement costs by standardizing processes, negotiating favorable terms and streamlining supplier channels
Excellence in developing, implementing and executing long-term procurement strategies and practices to extract maximum value and performance across the team
Well-honed with a cross cultural exposure combined with an excellent skill of negotiating with suppliers across the globe
Overview
10
10
years of professional experience
1
1
Certification
Work History
Assistant Manager - New Product Sourcing
Intas Pharmaceuticals Limited
02.2019 - Current
Sourcing of new launching products for domestic market (Human & Veterinary) including 1st & Amongst 1st time in India, 1st time in world, day one launch of patent expiry products through P2P business partners / In-house facilities, Technology transfer to P2P & on loan-license basis
Sourcing of finished formulations for regulated market - US & EU, Africa Market - Oral Solids (General & Oncology), Injectable (General & Oncology)
Lead the cost saving project for existing finished products
Lead the project for home healthcare devices sourcing from domestic and global sources
Lead the project for specialized medical devices out-sourcing, regulatory registration, import, local development as per marketing team need
Lead the promotional inputs / corporate gifting items procurement portfolio / camp inputs / scientific inputs, Spend base of ~200 Cr.
Responsible for strategic sourcing / vendor exploration / vendor finalization through comparison of multiple applicable factors
To co-ordinate and working closely with various internal stakeholders like CQA, ADL, QA, F&D, finance, taxation, legal, marketing, regulatory, IP, market research, distribution, logistic team, IT, packaging development team for respective functions related to product up to market launch
To co-ordinate with API sourcing, excipients, import & F&D team for ongoing in house developments
To keep self and team updated for the new product pipelines and new developments by various CMOs
Responsible for proposing new products developed by CMOs to respective marketing teams for evaluation and launching
To keep an eye on regulatory filling in DCGI for new products by various CMOs for getting an opportunity of first launch
To keep updates on regulatory notifications / changes, market dynamics, new launches by other competitors
Responsible for vendor management - managing relationships, resolving issues and developing new vendors
Alternate vendor development for supply comfort / improved quality, cost advantage, service, de-risking of business
To explore the new manufacturing facility for the new launching Products / Patented Products on contract manufacturing basis / In licensing Opportunities in India
Preparing tentative cost sheets to get basic idea on transfer prices and get ready for negotiation with P2P business partners
Negotiating for better saving of cost to company and process the orders post internal approvals
Continuous monitoring market trends to identify changes of balance in buyer- supplier power
Arrange techno commercial discussions with suppliers / vendors and internal stakeholders
Arranging periodic vendor assessment through CQA dept. for quality compliance
Maintain proper documents and comparatives for Purchase Audit
To arrange weekly/monthly meeting for new products launch progress / tracking
To look out for all the commercial terms with the manufacturer on behalf of organization
Key Deliverables
Successful launch of total 15 SKUs as 1st time in world / 1st time in India / Amongst 1st time in India and total 33 SKUs in FY.2023-24 worth NRV value of ~56 Cr
Generated savings of ~16% on first quote of new launching product
Maintained average GC ~72% for new launching product
To procure the existing products of cardiology-diabetic, general, injectable & orthopedics specialty segment on P2P / contract manufacturing basis
To source the manufacturer for new development as per marketing team requirement
To explore the new manufacturing facility for the new launching products / patented products on contract manufacturing basis / In licensing opportunities in India
To manage sourcing of new launching products in drug / food Segment
To handle all the products technical criteria / regulatory criteria by ensuring that the product meet the quality specifications
To look out for all the commercial terms with the manufacturer on behalf of organization
Officer - Business Development
Akums Drugs & Pharmaceuticals Ltd
06.2014 - 12.2016
Responsible for business development for Gujarat territory with existing and new clients for Akums Drugs & Pharmaceutical, a renowned CMO in India
Responsible for developing and maintaining commercially productive relationships with both new and old clients in Gujarat Territory
Ensuring a targeted, proactive and commercial approach to business development for contract manufacturing of pharmaceutical finished products
Developing new business within the existing customer base
Generating and developing market strategy to increase clients
Building of relationship with business associates working in different organizations
Determining the problems and consulting the client for their feedback
Gathering informative, facts and statistics about customer trends and preferences
Education
B. Pharma -
Gujarat Technological University
Ahmedabad, India
M. Pharma (Pharmaceutics) -
Gujarat Technological University
Ahmedabad, India
Skills
Interpersonal Skills
An effective communicator possessing excellent presentation & soft skills
Smart working
An innovative self-starter
Determination towards work
Positive attitude towards life with a will to go for extra mile