Senior Inventory Manager

11 hours ago

Thoothukudi, Tamil Nadu, India beBeeInventory Full time ₹ 1,50,00,000 - ₹ 2,00,00,000

Inventory Management Specialist Role

We seek a seasoned Inventory Management Specialist to lead our Vendor Managed Inventory operations. This key position requires strong analytical and negotiation skills, ensuring optimal procurement trends and compliance with operational standards.

Key Responsibilities:

  • Analyze VMI operations to identify areas for optimization and improve procurement efficiency.
  • Negotiate with manufacturers and vendors to establish new benchmarks for pricing and service delivery.
  • Develop and maintain group-wide price agreements for high-value medical supplies.
  • Manage vendor relationships to ensure performance, delivery, and compliance with VMI operations.
  • Implement and oversee the smooth operation of VMI systems across all hospital units.
  • Monitor timely receipt of credit notes and Trade Offer Discounts from vendors.
  • Ensure adherence to standard operating procedures (SOPs) related to VMI for all units.
  • Track and reconcile VMI stock across all units to guarantee inventory accuracy and accountability.
  • Develop and implement brand recommendations based on clinical, financial, and operational inputs.
  • Evaluate compliance with brand recommendations and measure resultant cost savings.
  • Prevent legal or regulatory non-compliances by adhering to statutory guidelines.
  • Proactively address and prevent audit observations and risks related to VMI practices.

Requirements:

  • Postgraduate degree 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 setting.
  • Proven experience in vendor negotiations, compliance, and SOP implementation.
  • Strong understanding of healthcare procurement dynamics, regulatory requirements, and VMI models.

Success Traits:

  • 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.

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