Senior Inventory Manager

1 day ago


Mysore, Karnataka, India beBeeInventory Full time ₹ 2,00,00,000 - ₹ 2,50,00,000
Procurement Specialist

With over 15 years of delivering world-class multi-specialty care, Medanta has established a reputation for excellence in patient care. As a Procurement Specialist, you will play a pivotal role in shaping our procurement strategy to drive business growth and efficiency.

Key Responsibilities
  • Conduct thorough analysis of Vendor Managed Inventory (VMI) data to identify optimization opportunities and monitor procurement trends.
  • Lead strategic negotiations with manufacturers and vendors to establish pricing benchmarks and service standards.
  • Develop and maintain group-wide price agreements for high-value and critical medical supplies.
  • Manage vendor relationships to ensure performance, delivery, and compliance in VMI operations.
  • Implement and operate VMI systems across all hospital units to ensure seamless inventory management.
  • Oversee timely receipt of credit notes and Trade Offer Discounts (TODs) from vendors.
  • Establish and enforce standard operating procedures (SOPs) related to VMI for all units.
  • Monitor and reconcile VMI stock across all units to ensure inventory accuracy and accountability.
  • Drive 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 legal or regulatory non-compliances.
  • Proactively address and prevent audit observations and risks related to VMI practices.
  • Develop a markup policy for vendor-managed items aligned with pricing strategy.
  • Maintain a discount tracker to ensure visibility, transparency, and realization of negotiated benefits.

The ideal candidate will possess strong analytical and data-driven skills, effective negotiation and stakeholder management abilities, attention to detail, and proficiency in ERP systems and inventory management tools.

Required Skills:

  • Strong analytical and data-driven skills
  • Effective negotiation and stakeholder management abilities
  • Attention to detail and organizational skills
  • Proficiency in ERP systems and inventory management tools

Benefits:

  • Opportunity to work with a leading healthcare provider
  • Challenging and dynamic work environment
  • Professional development and growth opportunities

Others:

  • Collaborative and supportive team environment
  • Opportunities for career advancement

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