Pharmaceutical Buyer

Pharmaceutical Buyer

Full-Time 34000 - 42000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join us as a Buyer or Senior Buyer, sourcing pharmaceuticals and optimising stock availability.
  • Company: Be part of a leading supplier in the pharmaceutical industry, serving UK and international markets.
  • Benefits: Enjoy a competitive salary, full-time hours, and opportunities for occasional travel.
  • Why this job: Make an impact by ensuring quality products are available at the best prices while collaborating with a dynamic team.
  • Qualifications: Experience in purchasing or supply chain management is preferred; a passion for pharmaceuticals is essential.
  • Other info: This role offers a chance to develop long-term strategies and negotiate with suppliers.

The predicted salary is between 34000 - 42000 £ per year.

Location - Hemel Hempstead

Salary - £40,000 to £50,000 depending on experience

Hours - Monday to Friday 40 hours

Sector - Pharmaceuticals

We are now looking to recruit a hands-on Buyer or Senior Buyer Manager (Pharmaceuticals) on behalf of a client. Our client is a major player in the supply of pharmaceuticals to the UK and International markets. Reporting to the Directors, the roles will hold accountability for developing key purchasing business opportunities focusing on Pharmaceuticals. Working closely with the Sales team, he/she will ensure the Company has the most updated quality range at competitive prices to meet customer requirements. The roles are full time, permanent Monday-Friday, 40 hrs per week, and require occasional travel to EU countries and within the UK.

Responsibilities

  • Align with business objectives set by Board of Directors to achieve the best value for money.
  • Source Pharmaceuticals competitively from suppliers, taking into account cost, drug tariff, category M, availability, and continuity of supplies.
  • Obtain information on potential new products and locate cheapest sources anywhere in the UK.
  • Research and identify new suppliers and negotiate the best prices for existing products.
  • Maintain a database of information relating to potential new products.
  • Maintain records of sales and suppliers.
  • Analyse data or insights to determine industry trends.
  • Devise long-term development strategies for product categories.
  • Develop exit strategies for unsuccessful products.
  • Work closely with the purchasing team to optimise the use of alternative sourcing opportunities through UK (when appropriate) and to optimise UK and P. I. stock availability and profit.
  • Develop, negotiate and close new business in line with targets and business objectives.
  • Liaise with sales department on a regular basis to ensure stock turn is maintained, minimise out of date products and provide excess stocks information.
  • Check existing stock levels and calculate future purchasing needs based upon recent sales usage. On a regular basis check short dated stock and over stocks and implement sales activity to clear through stocks effectively.
  • Liaise with suppliers to ascertain product availability and place purchase orders across a range of suppliers, where necessary, to ensure future stock needs are fulfilled at the most competitive prices.
  • Ensure orders are placed in a timely fashion so as to ensure stock is received in advance of being required.
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Contact Detail:

McAllister Recruitment & Consultancy Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Pharmaceutical Buyer

✨Tip Number 1

Familiarise yourself with the pharmaceutical supply chain and current market trends. Understanding the dynamics of pricing, availability, and supplier relationships will give you an edge in discussions during interviews.

✨Tip Number 2

Network with professionals in the pharmaceutical industry. Attend relevant conferences or webinars to meet potential colleagues and learn about the latest developments, which can help you stand out as a knowledgeable candidate.

✨Tip Number 3

Prepare to discuss your negotiation strategies and experiences. Be ready to share specific examples of how you've successfully sourced products or negotiated prices in previous roles, as this is crucial for a Buyer position.

✨Tip Number 4

Research the company thoroughly. Understand their product range, market position, and competitors. This knowledge will not only help you tailor your responses but also demonstrate your genuine interest in the role when you apply through our website.

We think you need these skills to ace Pharmaceutical Buyer

Negotiation Skills
Supplier Relationship Management
Market Research
Data Analysis
Inventory Management
Cost Analysis
Communication Skills
Strategic Sourcing
Problem-Solving Skills
Attention to Detail
Project Management
Understanding of Pharmaceutical Regulations
Analytical Thinking
Team Collaboration

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in purchasing and the pharmaceutical sector. Emphasise any specific achievements or projects that demonstrate your ability to source competitively and manage supplier relationships.

Craft a Compelling Cover Letter: Write a cover letter that directly addresses the responsibilities outlined in the job description. Explain how your skills align with their needs, particularly in sourcing pharmaceuticals and negotiating with suppliers.

Showcase Analytical Skills: In your application, provide examples of how you've used data analysis to inform purchasing decisions. Mention any tools or methodologies you’ve employed to track industry trends or optimise stock levels.

Highlight Team Collaboration: Since the role involves working closely with sales and purchasing teams, include examples of successful collaboration in your application. This could be through joint projects or initiatives that improved stock management or supplier negotiations.

How to prepare for a job interview at McAllister Recruitment & Consultancy

✨Know Your Pharmaceuticals

Make sure to brush up on your knowledge of the pharmaceutical industry, including current trends and key players. Being able to discuss recent developments or challenges in the sector will show your passion and understanding of the field.

✨Demonstrate Negotiation Skills

Prepare examples of past negotiations you've successfully conducted. Highlight how you achieved cost savings or improved supplier relationships, as this role heavily relies on effective negotiation with suppliers.

✨Showcase Analytical Abilities

Be ready to discuss how you analyse data to inform purchasing decisions. Bring examples of how you've used data insights to identify trends or make strategic sourcing decisions in previous roles.

✨Understand the Role's Responsibilities

Familiarise yourself with the specific responsibilities outlined in the job description. Be prepared to explain how your experience aligns with these tasks, particularly in sourcing, maintaining supplier relationships, and managing stock levels.

Pharmaceutical Buyer
McAllister Recruitment & Consultancy
M
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