Strategic Drug Procurement & Inventory Specialist

RXinsider LTD.; Madison (WI); On-site; USD 36,000 - 43,000; Full time

Benefits offered by this job

Health insurance

20 days paid time off

4 weeks paid parental leave

9 paid holidays

401K company match

Job summary

Lumicera is seeking a Specialist, Drug Procurement in Madison, WI to manage day-to-day procurement and reconciliation of pharmacy inventory from primary and secondary wholesale partners across Lumicera and its affiliates.

Responsibilities include placing orders, tracking inventory, reconciling invoices, and maintaining accurate records. The role offers an 8-hour shift Monday to Friday with varying start times, and a comprehensive benefits package is provided.

Qualifications

• Bachelor’s degree in business, finance, economics, supply chain, or related field or relevant experience within Medication Inventory management and procurement preferred
• 1-2 years of experience within a healthcare setting participating or managing inventory required
• Experience in proficient utilization of PC in both spreadsheet and word processing desktop environment including software applications including Microsoft products
• Participate in, adhere to, and support compliance program objectives
• The ability to consistently interact cooperatively and respectfully with other employees

Responsibilities

• Execute daily purchasing tasks including order placement, tracking and inventory management.
• Maintain and develop as needed, accurate and up-to-date records of all purchasing transactions (trackers / dashboards).
• Reconcile invoices against inventory receipt to identify and resolve shortages or overages within an order.
• Reconciliation of purchase orders entered into inventory management system against invoices to ensure accurate pricing is reflected.
• Monitor primary and secondary vendor agreements for compliance with generic compliance and minimum volume commitments.
• Ensure / communicate timely availability of inventory to meet operations team requirements.
• Develop and manage relationships with key suppliers.
• Utilize data analytics to identify opportunities for cost savings and process improvements.
• Continuously evaluate and refine procurement strategies to meet changing business needs and market conditions.
• Track pull through and ensure alignment between inventory levels and sales forecasts.
• Analyze market trends to inform purchasing decisions and anticipate potential supply chain disruptions.
• Monitor supplier performance and market conditions to identify risks and opportunities.
• Contribute to the department goal of improved efficiency and effectiveness, including the capture of strategic client opportunities using approved reference resources that support proposal and presentation development activities.
• Other duties as assigned

Skills

Inventory management

Procurement

Healthcare experience

Microsoft Office

Education

Bachelor’s degree in business, finance, economics, supply chain, or related field

Tools

Microsoft Office

Job description

Lumicera is seeking a Specialist, Drug Procurement in Madison, WI to manage day-to-day procurement and reconciliation of pharmacy inventory from primary and secondary wholesale partners across Lumicera and its affiliates.

Responsibilities include placing orders, tracking inventory, reconciling invoices, and maintaining accurate records. The role offers an 8-hour shift Monday to Friday with varying start times, and a comprehensive benefits package is provided.