Pharmacy buyers are responsible for purchasing, receiving, and maintaining appropriate stock levels for their organization, while monitoring usage and managing the cost of pharmaceuticals for their company. They are in charge of conducting inventory and requesting new products based on organizational requirements. Pharmacy buyers strive to develop excellent business relationships with external pharmacy partners. They use extensive pharmacology knowledge to order a variety of medicines, as well as prepare invoices, complete financial reports based on their purchasing orders, and conduct audits. They use a personal computer to record purchasing history, as well as update a database of all products on hand. They use spreadsheet software to make calculations on product amounts and cost. Some of their main duties include selecting, receiving, and storing pharmaceuticals and related supplies. In all tasks, pharmacy buyers must follow safety and privacy guidelines.
Pharmacy technician certification and a high school diploma or equivalent are required for this position. In addition, previous experience in a buying capacity may be required or preferred. Pharmacy buyers must be organized individuals that can multitask on a variety of projects. They also must have strong negotiation abilities to obtain the best prices on pharmaceuticals and communication skills to interact with vendors. Pharmacy buyers must work well in a team environment with other buyers to reach all company goals in a timely manner; however, they also need to be able to work effectively on their own with minimal supervision.
Pharmacy Buyer Tasks
Monitor and analyze pricing and adherence to contracts.
Negotiate with vendors to obtain optimum service and price.
Ensure inventory supply, order processing and distribution of pharmaceuticals and supplies.