Field Inventory Specialist

1 month ago

Somerset, United States Terumo Medical Corporation Full time

Job Summary:

Field Inventory Specialist will assist in the management and control of inventory through various sales and distribution channels, including field inventory-based modes, to include loaners, consignment, trunk stock. Field Inventory Specialist will ensure effective utilization of assets and compliance with terms of agreements as well as compliance with policies and procedures. Will analyze product turnover to determine optimal stock rotation to reduce losses from expiry and maximize ROI, as well as review operational processes and data to identify opportunities for improvement.

Job Details:

· Manage and monitor Loaner Inventory throughout the deployment and returns cycle ensuring accuracy and high end-user customer service levels.

· Provide oversight and guidance for effective inventory management and deployment across multiple channels and locations, including coordination of just-in-time movement among multiple field-based locations in potentially off hours, on-call situations.

· Coordinate and perform cycle count and auditing programs for consigned and representative based inventories as well as administrate cycle counting for multiple distribution centers. Collaborate with Distribution or Territory Managers and Finance to investigate and reconcile variances and document results.

· Ensure integrity of inventory systems through monitoring and reconciliation of inventory related transactions over multiple distribution channels both inbound and outbound.

· Collaborate with Distribution and Territory Managers to ensure consignment and inventory policies and controls are enforced. Resolve issues related to lost, damaged, or expired inventory.

· Assist with the control of inventory covered by consignment agreements and inventory polices to ensure compliance as well as effective utilization and tracking of Company assets.

· Follow all requirements of TMC Quality System; including but not limited to requirements for traceability of product, recognizing customer complaints and the requirement to forward information to Quality Assurance

  • Offer ideas, methods, or processes for improvement for department / company performance.
  • Manage and analyze inventory utilization and recommend par levels for existing and potential new inventory locations.
  • Provide data analysis for production planning and volume studies.
  • Provide guidance and training on policies and procedures, both initial and continuous, to internal and external parties responsible for carrying and transacting inventory.
  • Maintain relevant inventory performance metrics and measures and prepares detailed month-end reports for management.
  • Participate in offsite physical inventory counts and reconciliations.
  • Organize and handle a variety of logistics issues in manufacturing/contract manufacturing environment.
  • Additional responsibilities include but are not limited to supply chain services, inventory control, critical parts availability, material handling, import-export licensing, shipment of products, and third-party warehousing, general accounting projects.
  • Demonstrate a commitment to patient safety and product quality by maintaining compliance with all TMC Quality Systems requirements.


Position Requirements:

Knowledge, Skills and Abilities (KSAs)

  • Understanding of the inventory control, supply chain and logistics environment.
  • Ability to coordinate and manage loaner inventory, just-in-time inventory, and accurate inventory redistribution amongst multiple Field based inventory locations.
  • Understanding of and ability to manage multiple field-based inventory channels (long- and short-term consignment, loaners, representative based also known as “trunk stock”) and associated processes.
  • Strong analytical aptitude with the proven ability to analyze and interpret data.
  • Self-starter and a quick learner; able to adapt and excel in a fluid environment with minimal supervision.
  • Exceptional written and verbal communication skills and a natural inclination towards process improvement are imperative.
  • Creative thinking skills with emphasis on developing innovative solutions to complex problems, to include identifying and resolving problems with focus on prevention.
  • Ability to handle a high volume of work in a fast-paced, team environment while performing work accurately under time constraints.
  • Proficient working with Microsoft Office, to include Excel, Word & PowerPoint.

Background Experiences

  • Bachelor’s degree in Supply Chain, Business Administration, Finance, or related discipline required with a minimum of 2 years of experience in inventory control, inventory management, loaner bank, customer care or supply chain functions, or equivalent combination of education, training and experience.
  • Experience with ERP systems, logistical systems and standard operating procedures required.
  • Strong previous experience in coordinating and managing loaner inventory, just-in-time inventory, and accurate inventory redistribution amongst multiple field-based inventory locations in the medical device or pharmaceutical space strongly preferred.
  • Experience with multiple field-based inventory channels (long- and short-term consignment, loaners, representative based also known as “trunk stock”) and associated processes in the medical device or pharmaceutical space strongly preferred.

Experience with SAP strongly preferred.

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