
A Vendor Management Inventory Specialist
1 week ago
Job Title:
Vendor Management Inventory Specialist">- Develop and implement a strategic vendor management program to optimize inventory procurement trends and improve operational efficiency.
- Lead negotiations with suppliers to secure competitive pricing, terms, and service agreements that meet business needs.
- Manage supplier relationships at the group level, focusing on performance, delivery, and compliance in vendor-managed inventory operations.
- Drive implementation and operation of vendor management systems across all units, ensuring smooth processes and timely receipt of agreed credit notes and trade offer discounts from suppliers.
- Oversee reconciliation of vendor-managed inventory stock across all units to ensure accuracy and accountability.
- Monitor compliance with brand recommendations and measure resultant cost savings.
- Ensure adherence to statutory guidelines to prevent legal or regulatory non-compliances.
- 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.
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 healthcare/hospital settings.
- Proven experience in vendor negotiations, compliance, and SOP implementation.
- Strong understanding of healthcare procurement dynamics, regulatory requirements, and VMI models.
Success Factors:
- Strategic thinking and analytical skills to drive process improvements and achieve business objectives.
- 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 Environment: Flexible work arrangements, including option to work from home, 6 days a week
Location: Gurgaon
Reporting: Vice President – Procurement & Supply Chain
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