The Pharmacy Buyer is responsible for managing the procurement of pharmaceuticals and related supplies to ensure the availability of essential medications while maintaining cost-effectiveness and regulatory compliance. This role supports pharmacy operations through efficient purchasing, inventory management, vendor coordination, and collaboration with internal stakeholders to meet patient care needs.
Essential Functions
Coordinates the procurement of medications, medical supplies, and pharmacy-related equipment in alignment with hospital policies, inventory targets, and regulatory standards.
Maintains relationships with vendors and negotiates pricing, contract terms, and delivery schedules to ensure consistent product availability, quality, and cost efficiency.
Monitors medication inventory levels, usage trends, and reorder points to minimize waste, prevent stockouts, and ensure appropriate inventory turnover.
Conducts regular inventory audits and assists with physical inventory counts to ensure inventory accuracy and compliance with internal controls.
Assists in the development and monitoring of the pharmacy purchasing budget by analyzing purchasing trends, identifying cost-saving opportunities, and managing expenditures.
Generates and maintains reports related to purchasing activities, inventory status, and financial performance for management review.
Collaborates with pharmacy leadership, clinical teams, and supply chain staff to anticipate needs, address shortages, and ensure timely access to critical medications and supplies.
Identifies and implements process improvements to enhance the efficiency and accuracy of purchasing and inventory management functions.
Performs other duties as assigned.
Maintains regular and reliable attendance.
Complies with all policies and standards.
Qualifications
1-2 years of experience in pharmacy operations, purchasing, or inventory management required
2-4 years of healthcare or hospital pharmacy experience preferred
Knowledge, Skills and Abilities
Knowledge of pharmaceutical products, inventory systems, and procurement processes.
Strong organizational skills and attention to detail.
Proficiency in Microsoft Office and pharmacy management or inventory systems.
Effective communication and negotiation skills.
Ability to prioritize tasks, meet deadlines, and work collaboratively across departments.
Understanding of hospital regulatory requirements and compliance standards related to pharmacy procurement.
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