Specialist Pkg Material Sourcing

Dr. Reddy’s Laboratories Ltd. is a leading multinational pharmaceutical company based across global locations. Each of our 24,000 plus employees comes to work every day for one collective purpose: to accelerate access to affordable and innovative medicines because Good Health Can’t Wait.

We started in 1984 with a modest investment, 20 employees and a bold vision. Today, we have research and development centres, manufacturing facilities or a commercial presence in 66 countries.

For nearly four decades, we have stood for access, affordability and innovation based on the bedrock of deep science, progressive people practices and robust corporate governance. As the pharmaceutical industry evolves and undergoes disruption, we see an opportunity – to strengthen our core further (the next steps) and to build the future (the new bets).

‘The Next and the New’ is how we aim to continue to be the partner of choice – purpose-driven, future-ready and sustainable. Our aim is to reach over 1.5 Bn+ patients across the world by 2030 by growing our core businesses and building for the future with sustainability at the core of our purpose and strategy. Sustainability for us means operating in a manner that respects people, planet and purpose – helping us conserve precious resources, serve our patients, create value for stakeholders, give back to society, fulfil our potential and maintain our integrity and transparency

Dr Reddy’s maintains a work environment, free from discrimination and is an equal opportunity employer. We are committed to employ & nurture all qualified diverse workforce without regard to race, colour religion, nationality, sex, age, disability status, genetics, sexual orientation, gender expression, citizenship or any other characteristic or classification protected by applicable law(s) of the country we operate in. We treasure every talent, and recognize merit and diversity in our organization.

Strategy Execution:

• Oversee the subcategory strategies implementation in-line with objectives of the organization.
• Encourage continual development by sharing inputs on scope with category heads and leads to optimize specifications within the subcategory.
• Execute and implement strategic procurement and contract management guidelines, policies, and procedures.
• Support the creation of sub-category strategy for short term and long term, along with Sourcing lead /Category head.
• Work with the planning and supply chain teams to efficiently plan and forecast future demand for materials (Packaging).
• Preparing of strategy documents as per category requirements.
• Tracking of input material indices & thereby managing the prices.
• Handling the primary packaging material like cartridges, vials , ampoules, devices, infusion pumps, patches etc. independently.
• Making of Budget for PM category, finding out saving’s opportunities & take actively part in Operational Excellence meetings/presentations.

Business Partnering:

• Actively interact and communicate with relevant parties (such as IPDO leads, Business leads, Planning/Manufacturing, Packaging Development, Quality and Finance) in order to acquire information, set priorities, and, if necessary, resolve any possible issues in the subcategory.
• Create a systematic feedback system with stakeholders to learn about their changing requirements and preferences.
• Manage and resolve vendor issues and put procurement strategies into action to establish relationships with suppliers.

Supplier Relationship Management:

• Oversee all suppliers for the corresponding subcategory, with the exception of important strategic suppliers, includes proactive engagement, governance, supply risk identification, and escalation to the Category Lead/Head.
• Support on AVD by conducting vendor inspection, vendor reviews, quality assessments, etc. whenever is required. 
• Keep update vendor masters timey, review the approved supplier list, GQM, vendor lead-time management.

Market Assessment:

• Identify market and delivery systems to evaluate material availability both current and future, identify gaps in supply and demand.
• Conduct market research to gather intelligence, identify opportunities, and support development of should cost.
• Make use of the acquired market information to assist well-informed category decision-making.
• Constantly tracking and maintaining and monitoring changes in the price of materials, supplier pricing movements, price benchmarking in accordance with established standards, and keep updated the category lead/head of price changes.

Sourcing Event Execution:

• Compile business needs from user teams in order to source events.
• Locate possible suppliers around the world and assess them to find out about product availability, capacity, compliances, and general contract/sales terms.
• Techno-commercial evaluation of bids that meet our needs, including asking suppliers for clarification where necessary.
• Obtaining bid offers approval from the Category Lead or Category Head before placing orders or signing off the contracts.
• Respond to vendor inquiries and make sure bids are submitted on schedule.
• Create negotiation strategy sheets for supplier talks and analyse vendor bid rates.
• Conduct rate analysis (preferably through a digital tool) of vendor bids and prepare negotiation strategy sheets for supplier discussions.

Monitoring:

• Help with contract administration, making sure that laws, rules, and procurement guidelines are followed.
• Manage the creation of alternate sources through a cross-functional team.
• Keep a close eye on developments and resolve any bottlenecks that may arise.
• To find new prospective for cost-reduction, negotiation opportunities, monitor the relevant market indices.

Sustainability:

• Work with suppliers to develop a plan for enhancing the % of suppliers that comply with ESG standards and gather information on Scope 3 Reduction initiatives.
• Support in compiling information on future trends and changes in the sector to find possible areas of opportunity.
• Helping with data for annual sustainability reporting, ISO-20400, SA-8000, and other projects.
• Assist with vendor and product identification, cost-benefit analysis, and purchase choices.

Innovation:

• Encourage supplier engagements to find creative solutions and ideas, creating a cooperative atmosphere for ongoing development.
• Scout the tear down opportunities /spec harmonization with help of vendors and provide necessary inputs technical team to drive for implementation.
• Identify the green packaging materials and drive for usage with Cross functional teams to support organization sustainability goals.
• Manage the risks involved in implementing the creative ideas that have been discovered.
• Use data analytics and digital tools to improve visibility and facilitate strategic decision-making, with the assistance of DpEX teams.
• Actively collaborating with service providers and suppliers to find new business possibilities, support market share growth, put innovative procedures into place to meet or exceed client expectations, and provide the company a competitive edge.

Behavioural Skills

• The skills required for this role include executing business impact strategies, adapting to dynamic environments, building and managing supplier and stakeholder relationships, using analytical skills to optimize specifications within the subcategory.
• Making decisions based on sound data analysis.
• Should be able to collaborate and communicating with others effectively.

Other Skills

• Knowledge of excel and making presentations as well as good in analytics.
• Knowledge of SAP and specially MM module.

Qualification & Experience

• Pharma/Science Graduate with PG Diploma from Indian Institute of Packaging
• MBA (Material Management) with 10+ years of experience in a pharma industry handling Strategic Procurement
• Solid comprehension of procurement strategies, methods, and procedures & Supply chain operations
• Thorough understanding of the regulated market and vendor base, Operations in the pharmaceutical sector, Knowledge of the generics business, Regulatory framework
• Solid grasp of current market information, business dynamics, and trends.

Additional Information

Global Manufacturing Organisation (GMO)
At Dr. Reddy's Laboratories, we are dedicated to making a meaningful impact on global healthcare through precision manufacturing and innovation. With a legacy of excellence, we are a leading force in the pharmaceutical industry.
We operate 19 state-of-the-art manufacturing plants across Hyderabad, Vizag, Baddi, Mexico, Shreveport, and Mirfield, comprising 8 OSD facilities, 3 Injectables facilities, and 8 API facilities.
Benchmarking manufacturing processes and continuous operational excellence are at the core of our capability to deliver quality medicines to our patients in 66 countries. We manufacture a portfolio of complex APIs and 1,150+ drug master files across key therapy areas such as Oncology, Cardio-vascular, Central Nervous System and Anti-Diabetes. he World Economic Forum has recognised our largest manufacturing facility in Bachupally, Hyderabad, as part of its Global Lighthouse Network. We aspire to be the most efficient pharma operations in the world. Our productivity improvement and digitalisation efforts are key to staying competitive, meeting business imperatives, and meeting our ambitious ESG goals. Building such ‘factories of the future’ is integral to innovation and to build healthcare of the future.

Benefits Offered
At Dr. Reddy’s we actively help to catalyse your career growth and professional development through personalised learning programs.
The benefits you will enjoy at Dr. Reddy’s are on par with the best industry standards. They include, among other things and other essential equipment, joining & relocation support, family support (Maternity & Paternity benefits), learning and development opportunities, medical coverage for yourself and your family, life coverage for yourself.

Our Work Culture
Ask any employee at Dr. Reddy’s why they come to work every day and they’ll say, because Good Health Can’t Wait. This is our credo as well as the guiding principle behind all our actions. We see healthcare solutions not only as scientific formulations, but as a means to help patients lead healthier lives, and we’re always attuned to the new and the next to empower people to stay fit. And to do this, we foster a culture of empathy and dynamism. People are at the core of our journey over the last few decades. They have been supported by an enabling environment that buoys individual ability while fostering teamwork and shared success. We believe that when people with diverse skills are bound together by a common purpose and value system, they can make magic.
For more details, please visit our career website at https://careers.drreddys.com