Procurement and Inventory Specialist

Job Description

Job Description

Description:

The Procurement and Inventory Specialist leads strategic purchasing and inventory planning for our Carolina Park compounding operation. This role evaluates suppliers, negotiates purchasing terms, analyzes spend and supply risk, and maintains compliant, inspection-ready sourcing records. The successful candidate will balance regulatory compliance, product quality, continuity of supply, and responsible cost management in every purchasing decision.

This is a full-time, on-site role at our Carolina Park location. 

Key Responsibilities

• Develop sourcing strategies for equipment, active pharmaceutical ingredients, excipients, chemicals, drug products, and operating supplies.
• Evaluate supplier proposals and negotiate pricing, volume tiers, rebates, payment terms, service levels, and other commercial terms within delegated authority.
• Analyze spend, contract pricing, supplier performance, market conditions, and purchasing opportunities; present clear recommendations to leadership.
• Qualify and requalify suppliers, maintain the Approved Supplier List, and keep procurement records organized and inspection ready.
• Review supplier documentation and regulatory risk indicators, including FDA registration, certificates of analysis, licensure, DSCSA records, warning letters, import alerts, recalls, and related compliance information.
• Apply applicable 503A sourcing requirements and company standards when approving suppliers and materials; quarantine, reject, or escalate nonconforming items as appropriate.
• Develop supply forecasts and inventory targets using production schedules, usage trends, lead times, expiration exposure, and continuity risks.
• Investigate shortages, vendor exceptions, invoice discrepancies, inventory variances, and material cost changes; recommend practical corrective action.
• Create, approve, or route purchase orders within established budgets and approval requirements, and maintain accurate item and inventory records.
• Support receiving, cycle counts, physical inventories, controlled-substance orders, recalls, audits, inspections, and accreditation surveys as needed.

What Success Looks Like

• Suppliers and materials consistently meet regulatory, quality, and documentation requirements.
• Critical materials remain available, and supply disruptions are identified and addressed early.
• Inventory records are accurate, expiration exposure is controlled, and avoidable waste is reduced.
• Purchasing recommendations clearly balance compliance, quality, availability, operational risk, and cost.
• Cost efficiencies are verified and never achieved at the expense of product integrity or compliance.

Required

• High school diploma or equivalent.
• Experience in procurement, purchasing, inventory management, or supply-chain coordination.
• Experience negotiating vendor pricing and purchasing terms.
• Strong analytical skills, including quote comparison, spend analysis, and cost justification; intermediate or better Microsoft Excel skills.
• Excellent accuracy, organization, and attention to detail, with the ability to manage competing priorities and deadlines.
• Professional written and verbal communication skills for working with vendors and internal teams.
• Ability to occasionally lift and carry up to 30 pounds and perform receiving or inventory-support duties, with or without reasonable accommodation.

Preferred

• Degree in supply-chain management, business administration, finance, or a related field.
• Active South Carolina Pharmacy Technician license in good standing.
• Procurement or inventory experience in a pharmacy, compounding laboratory, healthcare setting, or other regulated environment.
• Familiarity with supplier qualification, certificates of analysis, lot tracking, expiration control, 503A compounding requirements, DSCSA, or USP Chapters 795, 797, and 800.