AGM/DGM - Vendor Management Inventory

4 weeks ago

Tirupati, Andhra Pradesh, India Medanta Full time

Over the past 15 plus years, Medanta has created an unrivalled impact in delivering world class multi-specialty care for patients in India. We have hospitals in Gurgaon, Lucknow, Patna, Indore and Ranchi. In addition, we have clinics in Delhi (Defence Colony) and in Gurgaon (Cybercity, Subhash Chowk & Golf Course road) and at the Delhi Airport. Medanta is constantly growing and has also ventured in Retail vertical through Diagnostics (Laboratory Services) and Pharmacies. We also have also launched homecare services.

Role: AGM/DGM – Vendor Managed Inventory / Implant Inventory Management (Supply Chain)

What you will do:

  • Conduct VMI analysis to identify optimization opportunities and monitor procurement trends.
  • Lead strategic negotiations with manufacturers and vendors, setting new benchmarks for pricing and service.
  • Drive and maintain group-wide price agreements for high-value and critical medical supplies.
  • Manage group-level vendor relationships with a focus on performance, delivery, and compliance in VMI operations.
  • Ensure smooth implementation and operations of VMI systems across all hospital units.
  • Oversee timely receipt of agreed credit notes and Trade Offer Discounts (TODs) from vendors.
  • Implement, monitor, and audit standard operating procedures (SOPs) related to VMI for all units.
  • Track and reconcile VMI stock across all units to ensure inventory accuracy and accountability.
  • Lead the creation and implementation of brand recommendations based on clinical, financial, and operational inputs.
  • Monitor compliance with brand recommendations and measure resultant cost savings.
  • Ensure adherence to statutory guidelines to prevent any legal or regulatory non-compliances.
  • Proactively address and prevent audit observations and risks related to VMI practices.
  • Develop and implement a markup policy for vendor-managed items in line with pricing strategy.
  • Maintain and update a discount tracker to ensure visibility, transparency, and realization of negotiated benefits.

What we are looking for:

  • Postgraduate in Supply Chain, Operations, Healthcare Management, or equivalent.
  • Minimum 10-15 years of experience in supply chain or inventory management, preferably in a healthcare/hospital.
  • Proven experience in vendor negotiations, compliance, and SOP implementation.
  • Strong understanding of healthcare procurement dynamics, regulatory requirements, and VMI models.

What will be key to your success: An ideal candidate will be someone who find himself/herself meeting below traits:

  • Analytical and data-driven approach to spend and inventory analysis
  • Strong negotiation and stakeholder management skills
  • Detail-oriented with strong compliance and audit acumen
  • Proficiency in ERP systems and inventory management tools
  • Effective communicator and team trainer

Work days: 6 days

Location: Gurgaon

Reporting : Vice President – Procurement & Supply Chain

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