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Inventory Optimization Manager Jobs in Massachusetts

Ocean Spray

Sr. Materials Planning Manager

Lakeville, MA · On-site

$128K - $160K/yr

Strong understanding of MRP processes, production planning, inventory optimization, and supply chain management principles. * Experience leading cross-functional initiatives and driving ...

Waters Corporation

SAP IBP Analyst

Milford, MA · Hybrid

... management * Design, build, and maintain IBP planning models supporting demand planning, supply planning, inventory optimization, and response & supply as needed * Develop and maintain Excel and Web ...

Waters Corporation

SAP IBP Analyst

Milford, MA · Hybrid

... management * Design, build, and maintain IBP planning models supporting demand planning, supply planning, inventory optimization, and response & supply as needed * Develop and maintain Excel and Web ...

Waters Corporation

SAP IBP Analyst

Milford, MA · On-site

... management * Design, build, and maintain IBP planning models supporting demand planning, supply planning, inventory optimization, and response & supply as needed * Develop and maintain Excel and Web ...

Ocean Spray

Sr. Materials Planning Manager

Lakeville, MA · Hybrid

$128K - $160K/yr

Strong understanding of MRP processes, production planning, inventory optimization, and supply ... Experience managing contract manufacturing networks and external supply partners.Project management ...

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Inventory Optimization Manager information

What does an inventory optimization manager do?

An Inventory Optimization Manager is responsible for ensuring that a company maintains the optimal level of inventory to meet customer demand while minimizing costs. They analyze sales trends, forecast future needs, and develop strategies to balance stock levels across supply chains. This role often involves using advanced analytics and inventory management software to improve efficiency, reduce excess inventory, and prevent stockouts. Collaboration with procurement, sales, and logistics teams is essential to achieve these goals.

How does an inventory optimization manager typically collaborate with other departments to improve supply chain efficiency?

An Inventory Optimization Manager works closely with teams such as procurement, sales, operations, and logistics to ensure inventory levels align with business goals and customer demand. This often involves regular meetings to review sales forecasts, discuss upcoming promotions, and address supply chain constraints. By fostering cross-functional communication, the manager can proactively identify potential bottlenecks or excesses and implement data-driven solutions. Collaboration is key to balancing inventory costs with service levels and ensuring smooth operations across the organization.

What are the key skills and qualifications needed to thrive as an inventory optimization manager, and why are they important?

To thrive as an Inventory Optimization Manager, you need strong analytical skills, supply chain knowledge, and experience with inventory management, often supported by a degree in business, supply chain, or a related field. Familiarity with ERP systems, advanced Excel functions, and inventory planning software like SAP or Oracle is typically required. Excellent problem-solving, communication, and project management skills help you collaborate across departments and drive continuous improvement. These skills are crucial for minimizing costs, preventing stockouts or overstock situations, and ensuring efficient supply chain operations.

What is the difference between Inventory Optimization Manager vs Inventory Analyst?

AspectInventory Optimization ManagerInventory Analyst
ResponsibilitiesDevelops strategies to optimize inventory levels, forecasts demand, and improves supply chain efficiency.Analyzes inventory data, monitors stock levels, and reports on inventory performance.
Required SkillsData analysis, supply chain knowledge, forecasting, problem-solvingData analysis, attention to detail, reporting skills
CertificationsSupply Chain certifications (e.g., APICS CSCP), analytical toolsSimilar certifications, often entry-level
Work EnvironmentStrategic planning, cross-department collaborationData-focused, operational tasks

The Inventory Optimization Manager focuses on strategic inventory planning and demand forecasting to improve overall supply chain efficiency. In contrast, the Inventory Analyst primarily handles data analysis and reporting to monitor inventory performance. Both roles require analytical skills and supply chain knowledge, but the manager's role is more strategic, while the analyst's role is more operational.

Is inventory optimization manager a stressful job?

The inventory optimization manager role involves analyzing data, forecasting demand, and managing stock levels, which can be demanding during peak periods or supply chain disruptions. The job requires strong analytical skills and attention to detail, but stress levels vary depending on company size, industry, and workload management. Effective planning and use of inventory management tools can help mitigate stress.

What is inventory optimization?

Inventory optimization is a process used by Inventory Optimization Managers to balance inventory levels, reduce costs, and improve service levels by analyzing demand patterns, lead times, and stock data. It often involves using specialized software and data analysis skills to determine optimal stock quantities across supply chains. Effective inventory optimization helps ensure the right products are available at the right time while minimizing excess stock.

What cities in Massachusetts are hiring for Inventory Optimization Manager jobs?

Cities in Massachusetts with the most Inventory Optimization Manager job openings:

Inventory Optimization Manager jobs near you

Manager, Inpatient Pharmacy Supply Chain

Boston Medical Center

Boston, MA • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Boston Medical Center rating

6.9

Company rating: 6.9 out of 10

Based on 108 frontline employees who took The Breakroom Quiz

548th of 1,062 rated hospitals

Job description

Job Description Summary:
The Inpatient Pharmacy Supply Chain Manager is responsible for providing strategic and operational leadership for all inpatient pharmacy supply chain activities at Boston Medical Center. The manager leads the pharmacy supply chain team and collaborates with pharmacy, nursing, physicians, finance, procurement, logistics, and external vendors to ensure a safe, reliable, and cost-effective medication supply chain. This role oversees medication procurement, inventory management, drug shortage mitigation, distribution operations, automation, regulatory compliance, and financial stewardship across acute care, hospital-based ambulatory clinics, and hospital-based infusion services.
Job Description:
Position Title: Manager, Inpatient Pharmacy Supply Chain
Location: Boston Medical Center
Reports To: Associate Director of Pharmacy Supply Chain
Key Responsibilities:
  • Provide leadership, direction, and oversight for all pharmacy supply chain operations supporting inpatient pharmacy services, including medication procurement, inventory management, distribution, replenishment, and medication availability.
  • Supervise, recruit, develop, train, and evaluate pharmacy supply chain staff.
  • Develop, implement, and standardize supply chain workflows, inventory management strategies, and operational best practices that optimize medication availability while minimizing waste, expired medications, inventory carrying costs, and operational inefficiencies.
  • Manage the pharmacy supply chain operating budget, including pharmaceutical purchasing, inventory investment, and operational expenses; collaborate with pharmacy leadership on annual budgets and capital planning.
  • Monitor medication purchasing trends, drug spend, and financial performance; identify cost-saving opportunities through inventory optimization, utilization analysis, contracting strategies, purchasing initiatives, and process improvements.
  • Establish departmental goals, monitor performance metrics, conduct staff huddles and educational programs, and foster a culture of accountability, collaboration, and continuous improvement.
  • Review and approve pharmaceutical invoices; investigate and resolve invoice discrepancies, pricing errors, manufacturer credits, wholesaler adjustments, and purchasing variances in collaboration with finance, accounts payable, and vendor teams.
  • Develop and maintain productive relationships with pharmaceutical wholesalers, manufacturers, distributors, and group purchasing organizations; collaborate on contract negotiations, vendor performance, allocation management, and service improvements while proactively resolving supply disruptions.
  • Oversee the health-system's drug shortage program by coordinating mitigation strategies, conservation efforts, therapeutic alternatives, communications, and stakeholder collaboration to ensure uninterrupted patient care.
  • Oversee pharmacy inventory technologies and automated medication storage systems while partnering with Pharmacy Informatics to implement new technologies, optimize system performance, and improve operational efficiency.
  • Ensure compliance with all applicable federal, state, accreditation, and organizational requirements.
  • Develop and monitor key performance indicators (KPIs), utilize operational and financial analytics, and other process improvement initiatives to enhance supply chain performance, operational efficiency, and patient care.
  • Serve as the Primary Vaccine Coordinator for the Vaccines for Children (VFC) Program and ensure compliance with all program requirements.
  • Participate in departmental on-call responsibilities as assigned.
  • Participate in the development, implementation, and revision of departmental policies and procedures.

Qualifications
Required
  • Doctor of Pharmacy (PharmD) or Bachelor of Science in Pharmacy.
  • Current Massachusetts Pharmacist license in good standing by the hire date.
  • Minimum four years of pharmacy experience in pharmacy operations and/or pharmacy supply chain, or completion of a PGY-2 Health-System Pharmacy Administration and Leadership (HSPAL) residency.

Preferred
  • Minimum two years of leadership or supervisory experience.
  • Comprehensive knowledge of health-system pharmacy operations, pharmaceutical supply chain management, medication procurement, inventory optimization, drug shortage management, and medication distribution systems.
  • Strong financial acumen with experience managing pharmacy budgets, drug spend, inventory investment, purchasing strategies, contract management, invoice review, and expense reduction initiatives.
  • Experience leading multidisciplinary teams and collaborating effectively with pharmacy, nursing, finance, procurement, information technology, and other healthcare stakeholders.
  • Strong analytical, project management, organizational, and problem-solving skills with the ability to utilize operational and financial data to drive decision-making.
  • Excellent written, verbal, presentation, and interpersonal communication skills.
  • Proficiency with Epic, Pyxis, and/or Omnicell required; experience with Infor, Sentry, QuicksortRx, Cencora, or similar pharmacy supply chain platforms preferred.

Compensation Range:
$97,500.00- $141,500.00
This range offers an estimate based on the minimum job qualifications. However, our approach to determining base pay is comprehensive, and a broad range of factors is considered when making an offer. This includes education, experience, skills, and certifications/licensures as they directly relate to position requirements; as well as business/organizational needs, internal equity, and market-competitiveness. In addition, BMCHS offers generous total compensation that includes, but is not limited to, benefits (medical, dental, vision, pharmacy), discretionary annual bonuses and merit increases, Flexible Spending Accounts, 403(b) savings matches, paid time off, career advancement opportunities, and resources to support employee and family well-being.
NOTE: This range is based on Boston-area data, and is subject to modification based on geographic location.
Equal Opportunity Employer/Disabled/Veterans
According to the FTC, there has been a rise in employment offer scams. Our current job openings are listed on our website and applications are received only through our website. We do not ask or require downloads of any applications, or "apps" job offers are not extended over text messages or social media platforms. We do not ask individuals to purchase equipment for or prior to employment.

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About Boston Medical Center

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Boston Medical Center (BMC) is more than a hospital. It's a network of support and care that touches the lives of hundreds of thousands of people in need each year. It is the largest and busiest provider of trauma and emergency services in New England. Emphasizing community-based care, BMC is committed to providing consistently excellent and accessible health services to all-and is the largest safety-net hospital in New England. The hospital is also the primary teaching affiliate of the nationally ranked Boston University School of Medicine (BUSM) and a founding partner of Boston HealthNet - an integrated health care delivery systems that includes many community health centers. Join BMC today and help us achieve our Vision 2030 which is a long-term goal to make Boston the healthiest urban population in the world.

Industry

Hospitals

Company size

1,001 - 5,000 Employees

Headquarters location

Boston, MA, US

Year founded

1996

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