Procurement Specialist

2 days ago


San Diego, California, United States Capricor Inc Full time
Job Title: Procurement Specialist

We are seeking a highly skilled and detail-oriented Procurement Specialist to join our team at Capricor Inc. This role is critical in managing the procurement of biotech materials and services, ensuring the timely and cost-effective acquisition of quality supplies that meet the organization's requirements.

Key Responsibilities:
  • Procurement Management:
    • Manage the end-to-end procurement process for materials, equipment, and services.
    • Assist in developing and implementing procurement strategies.
    • Establish and maintain vendor relationships and monitor OTIF (On time, In Full).
    • Negotiate contracts, terms, and pricing with vendors to secure advantageous deals.
    • Utilize and assist with the implementation of "e-tools" (ERP etc.) to help drive the program.
    • Prepare and issue purchase orders and change notices.
  • Vendor Relations:
    • Evaluate and select suppliers, pricing, cost-effectiveness, and availability of materials and commodities.
    • Conduct regular supplier performance reviews and audits to ensure compliance with contractual terms and quality standards.
    • Address any supplier issues and work to resolve them promptly.
  • Inventory Management:
    • Monitor inventory levels to ensure adequate supply without overstocking.
    • Coordinate with the warehouse and logistics teams to manage inventory efficiently.
    • Implement and manage a system for tracking inventory and procurement activities.
  • Compliance and Documentation:
    • Ensure all procurement activities comply with company policies and regulatory requirements.
    • Maintain accurate records of purchases, contracts, and agreements.
    • Prepare reports on procurement activities, costs, and supplier performance.
  • Budget Management:
    • Work within budgetary constraints to achieve cost savings.
    • Monitor and report on expenditures to ensure compliance with the budget.
    • Identify opportunities for cost reduction and process improvement.
  • Collaboration:
    • Collaborate with cross-functional teams to understand procurement needs and ensure alignment with business goals.
    • Participate in cross-functional teams to support project goals and initiatives.
  • Perform other duties as assigned.
Requirements:
  • Bachelor's degree in Life Sciences, Business, Supply Chain Management, or a related field. An advanced degree is a plus.
  • Minimum of 1-2 years of experience in procurement within the biotech, pharmaceutical, or life sciences industries.
  • Strong knowledge of biotech materials, equipment, and supplier base.
  • Strong negotiation skills, contract management skills, and experience in managing supplier relationships.
  • Excellent organizational, analytical, and problem-solving skills.
  • Proficient in procurement software and tools.
  • Advanced proficiency in Microsoft Excel, including data analysis, pivot tables, and complex formulas.
  • Strong communication skills, both written and verbal.
  • Ability to work in a fast-paced, dynamic environment.
  • Ability to work independently and as part of a team.
  • Familiarity with regulatory requirements and quality standards in the biotech industry.
  • Ability to communicate, receive, and understand instructions regarding duties to be performed.
  • Team player who is accountable for the team's success in delivering business targets and takes responsibility for decisions and outcomes.
  • Ability to communicate well and work with others.
  • Certification in Procurement or Supply Chain Management (e.g., CPIM, CSCP, CPSM) preferred.
  • Experience with ERP systems and procurement software preferred.

Work Environment/Physical Demands:

  • Must be able to sit and stand for extended periods.
  • Must be able to communicate efficiently and effectively on the telephone or in person, and complete required paperwork.
  • Work extended or off hours depending on the company needs (including weekends, holidays), as required.


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