Optimize Procurement Trends and Drive Cost Savings as a Vendor Managed Inventory Manager

2 weeks ago

Bikaner, Rajasthan, India beBeeInventory Full time ₹ 1,50,00,000 - ₹ 2,50,00,000
Job Description

We are seeking a skilled and experienced Vendor Managed Inventory Manager to join our team. As a key member of our procurement team, you will be responsible for optimizing procurement trends, negotiating with manufacturers and vendors, and implementing group-wide price agreements for high-value medical supplies.

Your primary responsibilities will include:

  • Conducting VMI analysis to identify optimization opportunities and monitor procurement trends
  • Leading strategic negotiations with manufacturers and vendors, setting new benchmarks for pricing and service
  • Driving and maintaining group-wide price agreements for high-value and critical medical supplies
  • Managing group-level vendor relationships with a focus on performance, delivery, and compliance in VMI operations
  • Ensuring smooth implementation and operations of VMI systems across all hospital units
  • Overseeing timely receipt of agreed credit notes and Trade Offer Discounts (TODs) from vendors
  • Implementing, monitoring, and auditing standard operating procedures (SOPs) related to VMI for all units
  • Tracking and reconciling VMI stock across all units to ensure inventory accuracy and accountability
  • Leading the creation and implementation of brand recommendations based on clinical, financial, and operational inputs
  • Monitoring compliance with brand recommendations and measuring resultant cost savings
  • Ensuring adherence to statutory guidelines to prevent any legal or regulatory non-compliances
  • Proactively addressing and preventing audit observations and risks related to VMI practices
  • Developing and implementing a markup policy for vendor-managed items in line with pricing strategy
  • Maintaining and updating a discount tracker to ensure visibility, transparency, and realization of negotiated benefits

To succeed in this role, you should have:

  • A 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
Required Skills and Qualifications

Our ideal candidate will possess strong analytical and problem-solving skills, with the ability to negotiate effectively and manage multiple stakeholders. Strong communication and interpersonal skills are also essential, as is the ability to work collaboratively within a team environment.

In addition to the above qualifications, our ideal candidate will have:

  • Excellent written and verbal communication skills
  • Ability to analyze complex data and develop effective solutions
  • Strong organizational and time management skills
  • Proficiency in MS Office, particularly Excel and Word

If you are a motivated and experienced professional looking for a challenging opportunity, please submit your application today

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