Optimize Supply Chain Processes as a Vendor Management Inventory Manager

2 days ago

Mangalore, Karnataka, India beBeeVendor Full time ₹ 45,00,000 - ₹ 60,00,000
Job Title: Vendor Management Inventory Manager

This is a pivotal role in optimizing supply chain processes, ensuring seamless operations and inventory management.

Key Responsibilities:
  • Conducting thorough analysis of VMI data to identify areas of improvement and monitor procurement trends.
  • Leveraging negotiation skills to establish strategic partnerships with manufacturers and vendors, driving pricing and service excellence.
  • Implementing and maintaining group-wide price agreements for critical medical supplies, ensuring accurate inventory management.
  • Cultivating strong relationships with vendors, focusing on performance, delivery, and compliance in VMI operations.
  • Overseeing the timely receipt of agreed credit notes and Trade Offer Discounts (TODs), guaranteeing inventory accuracy and accountability.
  • Developing, monitoring, and auditing standard operating procedures (SOPs) related to VMI, ensuring consistency across all units.
  • Tracking and reconciling VMI stock across units to maintain inventory accuracy and accountability.
  • Driving the creation and implementation of brand recommendations based on clinical, financial, and operational inputs.
  • Maintaining adherence to statutory guidelines to prevent legal or regulatory non-compliances.
  • Proactively addressing and preventing audit observations and risks related to VMI practices.
  • Establishing and implementing a markup policy for vendor-managed items aligned with pricing strategy.
Required Skills and Qualifications:
  • A postgraduate degree in Supply Chain, Operations, Healthcare Management, or a related field.
  • A minimum of 10-15 years of experience in supply chain or inventory management, preferably in a healthcare/hospital setting.
  • Proven expertise in vendor negotiations, compliance, and SOP implementation.
  • A deep understanding of healthcare procurement dynamics, regulatory requirements, and VMI models.

To succeed in this role, you should possess analytical and data-driven skills, effective negotiation and stakeholder management abilities, attention to detail, and proficiency in ERP systems and inventory management tools. Your success will depend on your ability to apply an analytical approach, negotiate effectively, demonstrate attention to detail, and communicate effectively.

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