Senior Inventory Manager

1 week ago

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

As a senior leader in inventory management, you will oversee the operations of our Vendor Managed Inventory (VMI) system.

Job Description

We are seeking an experienced professional to lead strategic negotiations with manufacturers and vendors to optimize procurement trends and drive cost savings. You will be responsible for managing vendor relationships, ensuring smooth implementation and operation of VMI systems across all units, and monitoring compliance with statutory guidelines.

Key Responsibilities
  • Conduct VMI analysis to identify opportunities for optimization and monitor procurement trends.
  • Lead strategic negotiations with manufacturers and vendors to set new benchmarks for pricing and service.
  • Drive group-wide price agreements for high-value and critical medical supplies.
  • Manage vendor relationships, focusing on performance, delivery, and compliance in VMI operations.
  • Ensure 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.
  • Develop and implement a markup policy for vendor-managed items in line with pricing strategy.
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 Factors
  • Analytical and 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.

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