Inventory Manager

Bon Secours - Valhalla, NY

Full-time

Valhalla, NY

Nursing and Residential Care Facilities

About the position

The Inventory Manager is a pivotal role within WMCHealth, responsible for overseeing the management of the organization's warehouse(s) and distribution network. This includes regional inventory locations, ensuring that stock levels are maintained at agreed service levels while adhering to regulatory requirements and achieving customer satisfaction for both new and existing clients. The position requires a strategic approach to inventory and materials management, focusing on improving processes related to receiving and inventory control, all while aligning with the purchasing, procurement, and logistics framework of WMCHealth. In this role, the Inventory Manager will lead the development and implementation of an optimal inventory strategy that balances service quality, cost, and access. This involves managing the effective utilization of existing warehousing and inventory facilities across the network, driving high utilization of standard processes to maximize efficiency and ensure proper stock management. The Inventory Manager will also be responsible for measuring performance against Key Performance Indicators (KPIs) and reporting results to the Business Manager and Senior Leaders. Additionally, the Inventory Manager will oversee efforts to reduce the costs associated with handling, issuing, and transporting materials, ensuring an optimal cost/service balance for customers. This includes creating improved processes for recognizing and handling obsolete stock and rationalizing critical supplies and stock locations. Regular reviews of inventory levels will be conducted to minimize stock holdings and ensure turnover, alongside establishing a cycle count calendar to maintain ongoing inventory accuracy. Collaboration is key in this role, as the Inventory Manager will partner with leadership within the Supply Chain to develop and implement demand forecasting strategies that optimize purchasing planning and warehouse utilization. The position also involves working closely with internal and external leaders to ensure efficient customer service and compliance with all internal policies and external regulations. Leading a professional team to achieve successful outcomes while managing multiple concurrent projects is a critical aspect of this role, along with providing logistics and warehousing support to strategic alliances. The Inventory Manager will also perform any other duties as required or assigned.

Responsibilities

• Leads the development, implementation and review of an optimal inventory strategy to ensure the appropriate balance of service, quality cost and access are maintained.
• Manages the effective utilization of existing warehousing and inventory facilities across the network.
• Drives high utilization of standard processes and procedures to ensure maximum efficiency and proper stock management.
• Ensures performance parameters are measured against Key Performance Indicators (KPI's) and reports results to Business Manager and Senior Leaders.
• Oversees and reduces the cost of handling, issuing, and transportation of materials to ensure the optimum cost/service balance is delivered to customers.
• Creates improved processes for the recognition and handling of obsolete or sequestered stock and the rational isolation of critical supplies, stock and holding locations.
• Leads regular review of inventory levels to minimize stock holdings at inventory locations and ensure turnover.
• Establishes and monitors a cycle count calendar for ongoing inventory accuracy.
• Leads the ongoing improvement for inventory, materials management and receiving processes within WMCHealth.
• Partners with leadership roles within the Supply Chain to develop and implement demand forecasting to optimize purchasing planning with the warehouse and utilization planning with the Demand Planning and System Procurement leaders.
• Collaborates with internal and external leaders to ensure efficient and effective customer service and support while ensuring compliance to all internal policies and procedures and external regulations.
• Leads professional staff to successful outcomes while managing multiple, concurrent projects.
• Provides logistics and warehousing support to strategic alliances.
• Performs all other duties as required or assigned.

Requirements

• Five years of healthcare experience is preferred.
• Experience with an ERP system including familiarity with materials management inventory concepts, staff motivation, and regulatory standards in a hospital setting.
• Demonstrated experience in inventory management, purchasing optimization, and supplier performance management.
• Knowledge of the regulatory, compliance and policy frameworks applied to the relevant activities.
• Bachelor's degree preferred.
• AHRMM CMRP within two years.

Benefits

• Health Insurance
• Dental
• Vision
• Retirement Savings Plan
• Flexible Savings Account
• Paid Time Off
• Holidays
• Tuition Reimbursement