Inventory Manager

Job Title: Inventory Management Professional

Maintaining optimal stock levels of essential medical and non-medical supplies across the hospital is a critical responsibility. This role involves managing the inventory lifecycle from reordering, monitoring stock levels, coordinating with stakeholders, and managing expiries to ensure uninterrupted supply to critical units.

The role demands close coordination with Procurement, end-users, Warehouse, and suppliers to uphold efficiency, cost-effectiveness, and regulatory compliance in the inventory function.

• Track and maintain optimal stock levels of medical and non-medical supplies, ensuring timely reordering based on consumption patterns and lead times.
• Set reorder levels and ensure compliance with reorder point policies, optimizing stock turnover and reducing stockouts.

To be successful in this role, you will need to possess strong analytical skills, attention to detail, and excellent people skills for effective coordination with Procurement, Warehouse, and clinical staff.

• Inventory Monitoring & Reordering:
  • Track and maintain optimal stock levels of medical and non-medical supplies, ensuring timely reordering based on consumption patterns and lead times.
  • Set reorder levels and ensure compliance with reorder point policies, optimizing stock turnover and reducing stockouts.
• Expiry Management:
  • Regularly check and manage inventory expirations, ensuring items near expiration are flagged and prioritized for use or returned to suppliers where possible.
• Coordination with Stakeholders:
  • Collaborate with Procurement for timely purchase orders and support Warehouse operations for smooth receiving, storage, and dispatch.
  • Coordinate with clinical and non-clinical users to understand their requirements and adjust inventory levels to meet demand accurately.
• Vendor and Supply Chain Coordination:
  • Collaborate with suppliers and logistics partners to ensure timely delivery and resolution of any supply issues, including returns or replacements.
  • Evaluate supplier performance in terms of delivery timelines, quality, and responsiveness.
• Data Management and Reporting:
  • Maintain accurate inventory records and generate regular reports on stock levels, turnover rates, and consumption trends for management review.
  • Use ERP systems to generate reports, track stock movements, and manage inventory replenishment processes.
• Continuous Improvement and Compliance:
  • Identify and implement process improvements in inventory management to increase efficiency and reduce wastage.
  • Ensure compliance with hospital policies, regulatory standards, and safety protocols in handling medical supplies.
  Eligibility Criteria / Requirements:
  • Bachelor's degree or 14 Years of Education (preferably in Supply Chain Management)
  • Professional certification in inventory or supply chain management is a plus.
  • Minimum of 1 year of experience (preferably in inventory or supply chain management)
  • Previous experience of using ERP systems or inventory management software
  • Inventory Management Expertise: Understanding of inventory lifecycle, forecasting, stock management, and supply-demand alignment.
  • Analytical Skills: Ability to analyse stock levels, demand patterns, and consumption rates to make data-driven decisions.
  • Coordination and Communication: Excellent people skills for effective coordination with Procurement, Warehouse, and clinical staff.
  • Attention to Detail: High attention to detail to monitor expiry dates, manage stock records, and avoid inventory loss or misplacement.
  • Technology Proficiency: Proficiency in ERP systems and MS Office, particularly Excel, for data analysis and reporting.
  • Problem-Solving: Quick critical thinking skills to address and resolve inventory shortages, delays, or discrepancies efficiently.