Inventory Management

Narayana Health (NH); Bengaluru; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

Narayana Health is seeking an Inventory Planning Lead to manage the pharmacy network's stock efficiency. You will drive planning processes, optimize stock levels, and reduce wastage while monitoring key KPIs across multiple locations.

The role requires strong analytical abilities, experience with Excel/MIS reporting, and stakeholder management in a fast-growing healthcare environment. Prior pharma/healthcare supply chain exposure is preferred.

Qualifications

• Strong understanding of inventory planning and supply chain management processes.
• Experience in handling inventory-related KPIs and operational planning.
• Strong analytical and problem-solving skills with the ability to interpret large datasets.
• Advanced working knowledge of Excel and MIS reporting.
• Strong stakeholder management and team handling capabilities.
• Ability to work in a fast-paced and high-growth environment.
• Excellent communication and coordination skills.
• Educational Qualification: B.Tech / MBA or equivalent.
• Experience: 3-5 years of relevant experience in Supply Chain / Inventory Management.
• Prior experience in Pharma or Healthcare Supply Chain will be preferred.

Responsibilities

• Lead and manage the inventory planning team to ensure efficient inventory operations across the pharmacy network.
• Drive inventory planning processes to maintain optimum stock levels while minimizing stock-outs, excess inventory, and expiries.
• Monitor and improve inventory KPIs such as fill rate, inventory ageing, stock availability, DOH, and wastage.
• Coordinate with pharmacists and operations teams to ensure adherence to inventory management processes at pharmacies.
• Collaborate with suppliers and procurement teams to ensure timely deliveries and smooth replenishment cycles.
• Analyze inventory trends, consumption patterns, and demand fluctuations to improve forecasting accuracy and inventory health.
• Own and manage daily, weekly, and monthly MIS reports related to inventory performance and supply chain operations.
• Identify process gaps and implement operational improvements to enhance efficiency and reduce inventory-related losses.
• Ensure timely escalation and resolution of supply chain issues impacting product availability.
• Work closely with cross-functional teams including procurement, operations, finance, and category management to drive supply chain excellence.

Skills

Inventory planning

Supply chain management

Analytical skills

Problem-solving

Stakeholder management

Communication

Team handling

Forecasting

Education

B.Tech / MBA or equivalent

Tools

Excel

MIS reporting

Job description

Role & responsibilities

• Lead and manage the inventory planning team to ensure efficient inventory operations across the pharmacy network
• Drive inventory planning processes to maintain optimum stock levels while minimizing stock-outs, excess inventory, and expiries
• Monitor and improve inventory KPIs such as fill rate, inventory ageing, stock availability, DOH, and wastage
• Coordinate with pharmacists and operations teams to ensure adherence to inventory management processes at pharmacies
• Collaborate with suppliers and procurement teams to ensure timely deliveries and smooth replenishment cycles
• Analyze inventory trends, consumption patterns, and demand fluctuations to improve forecasting accuracy and inventory health
• Own and manage daily, weekly, and monthly MIS reports related to inventory performance and supply chain operations
• Identify process gaps and implement operational improvements to enhance efficiency and reduce inventory-related losses
• Ensure timely escalation and resolution of supply chain issues impacting product availability
• Work closely with cross-functional teams including procurement, operations, finance, and category management to drive supply chain excellence

Preferred candidate profile

The ideal candidate should be/have a/an-

• Strong understanding of inventory planning and supply chain management processes
• Experience in handling inventory-related KPIs and operational planning
• Strong analytical and problem-solving skills with the ability to interpret large datasets
• Advanced working knowledge of Excel and MIS reporting
• Strong stakeholder management and team handling capabilities
• Ability to work in a fast-paced and high-growth environment
• Excellent communication and coordination skills
• Educational Qualification: B.Tech / MBA or equivalent
• Experience: 35 years of relevant experience in Supply Chain / Inventory Management

Prior experience in Pharma or Healthcare Supply Chain will be preferred