Inventory Optimization Planner

Key Responsibilities 1. Inventory Analysis & Optimization

• Analyze 24-36 months of consumption data across all storage locations to establish accurate demand baselines by item and business unit.
• Apply appropriate forecasting models based on demand patterns, including moving average, linear trend, seasonal decomposition, and Crostons method for intermittent demand.
• Calculate optimal safety stock levels considering lead time, supplier reliability, service level targets, and item criticality.
• Classify inventory into categories such as Good Stock, Slow Moving, Overstocked, and Obsolete based on defined thresholds.
• Develop an item-level action matrix with clear recommendations for each stock category.
• Identify surplus inventory and consolidation opportunities by mapping stock against alternate item usage.
• Create consumption storyboards per business unit highlighting current stock, projected demand, and recommended actions.

2. Clinical Coordination & Stakeholder Engagement

• Collaborate with clinicians, pharmacists, and nursing teams to validate interchangeable and alternative items.
• Facilitate Item Selection Committee discussions for approvals on substitutions, deactivations, and formulary changes.
• Ensure all recommendations prioritize clinical safety, avoiding stockouts for critical and lifesaving items.
• Engage stakeholders to capture future demand changes such as new procedures, seasonal trends, and service expansions.
• Document and maintain item status classifications across all workstreams.
• Act as a liaison between data teams and clinical users, translating analytical insights into actionable recommendations.

3. Data Collection & Validation :

• Coordinate extraction of key datasets including consumption, stock levels, valuation, supplier performance, and expiry data from GRP systems.
• Validate data accuracy, completeness, and consistency before analysis.
• Reconcile consignment stock and determine its inclusion in optimization models.
• Review current min/max and reorder settings as a baseline for optimization.
• Work with IT teams to ensure required reporting and data extraction capabilities are available.

4. Framework, Policy & Knowledge Transfer :

• Support the development of inventory management frameworks and Product Lifecycle Management (PLM) policies for healthcare supply chains.
• Document forecasting methodologies, safety stock calculations, and planning assumptions.
• Conduct knowledge transfer sessions to enable internal teams to sustain optimization efforts.
• Maintain forecasting tools (e.g., Excel-based models) for ongoing use. Track and report KPIs such as implementation rates, cost reduction, and data accuracy improvements.

5. Governance & Compliance :

• Ensure all inventory deactivation and changes follow approved governance and PLM policies.
• Maintain audit trails for inventory decisions, stock adjustments, and master data updates.

Ensure compliance with GS1/UDI traceability requirements for high-risk and implantable items.

Adhere to approval workflows for all master data and system changes.