Inventory Optimization Expert

14 hours ago

Alleppey, Kerala, India beBeeVendor Full time ₹ 15,00,000 - ₹ 24,80,000
Strategic Vendor Management Specialist

Our organization seeks an accomplished Strategic Vendor Management Specialist to lead its vendor relationships and drive inventory operations across all units.

Key Responsibilities:
  • Conduct comprehensive analysis of vendor-managed inventory (VMI) to identify optimization opportunities and monitor procurement trends.
  • Lead strategic negotiations with manufacturers and vendors, setting new benchmarks for pricing and service.
  • Develop and implement group-wide price agreements for high-value and critical medical supplies.
  • Manage group-level vendor relationships with a focus on performance, delivery, and compliance in VMI operations.
  • Ensure smooth implementation and operation of VMI systems across all hospital units.
  • Oversee timely receipt of agreed credit notes and Trade Offer Discounts (TODs) from vendors.
  • Implement, monitor, and audit standard operating procedures (SOPs) related to VMI for all units.
  • Track and reconcile VMI stock across all units to ensure inventory accuracy and accountability.
  • Lead 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 any legal or regulatory non-compliances.
  • Proactively address and prevent audit observations and risks related to VMI practices.
  • 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 a healthcare/hospital environment.
  • Proven experience in vendor negotiations, compliance, and SOP implementation.
  • Strong understanding of healthcare procurement dynamics, regulatory requirements, and VMI models.

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