Principal Supply Chain Analyst
1 week ago
At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You'll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.
A Day in the LifeJoin a diverse team of innovators who bring their worldview, their unique backgrounds, and their individual life experiences to work every day. It's no accident — we work hard to cultivate a workforce that reflects our patients and partners. We believe it's the only way to drive healthcare forward and remain a global leader in medical technology and solutions.As the Principal Supply Chain Analyst, you will lead inventory management strategies across multiple business units, partnering with cross-functional teams in supply chain, finance, and operations. You will leverage data analytics to identify improvement opportunities, drive action, and optimize inventory levels while balancing service and cost objectives. This role involves implementing processes to minimize waste, streamline operations, and ensure compliance with corporate and regulatory standards. You will also present strategic recommendations and foster a culture of continuous improvement and accountability across the organization.
At Medtronic, we bring bold ideas forward with speed and decisiveness to put patients first in everything we do. In-person exchanges are invaluable to our work. We're working a minimum of 4 days a week, onsite as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary
As the Principal Supply Chain Analyst, you will:
Serve as the main POC for inventory for Business Unit stakeholders, working with cross functional leaders and stakeholders in Supply Chain Planning, Business Unit Operations Leaders, Finance, and Supply Chain COEs.
Partner with a team of cross-functional stakeholders focused on End-to-End inventory optimization and waste minimization for multiple Business Units.
Utilize data analytics and reporting tools to track inventory performance metrics in order to identify and provide insights on improvement opportunities. Take those insights and influence cross functional partnerships to action those opportunities.
Work closely with supply chain, sales, operations, and finance teams to align inventory strategies with business objectives including annual operating plan (AOP) development.
Present strategic recommendations to drive long-term improvements in inventory management.
Foster a culture of continuous improvement, innovation, and accountability across cross-functional stakeholders.
Lead initiatives to streamline inventory processes and reduce overall costs.
Develop and execute strategies to optimize inventory levels while ensuring service level targets are met.
Implement and monitor inventory control policies to prevent overstocking and stockouts.
Monitor, review, and adjust safety stock levels to balance service and inventory. Assess business requirements and inventory impacts for strategic stock placements.
Establish processes to reduce scrap, obsolescence, and losses across finished goods inventory.
Conduct regular inventory reviews to identify and address inefficiencies and waste.
Partner with IT and Data & Analytics teams to enhance inventory management systems and reporting capabilities.
Ensure all inventory practices comply with regulatory requirements and corporate policies.
Stay informed about industry best practices and emerging technologies to enhance inventory management.
Must Haves
Bachelor's degree required
Minimum of 7 years of relevant experience, or advanced degree with a minimum of 5 years of relevant experience.
Nice to Have
Experience with end-to-end inventory optimization from Raw Material through Finished Goods including Field Inventory (Consignment and Trunk Stock)
Blue Yonder experience
Experience with designing and setting safety stock strategies
Experience with AOP planning
Develop PowerPoint presentations to synthesize analysis and communicate insights and recommendations to leadership stakeholders
Proficient in Microsoft Excel
Physical Job Requirements
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.
The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.
Benefits & CompensationMedtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
The following benefits and additional compensation are available to those regular employees who work 20+ hours per week: Health, Dental and vision insurance, Health Savings Account, Healthcare Flexible Spending Account, Life insurance, Long-term disability leave, Dependent daycare spending account, Tuition assistance/reimbursement, and Simple Steps (global well-being program).
The following benefits and additional compensation are available to all regular employees: Incentive plans, 401(k) plan plus employer contribution and match, Short-term disability, Paid time off, Paid holidays, Employee Stock Purchase Plan, Employee Assistance Program, Non-qualified Retirement Plan Supplement (subject to IRS earning minimums), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).
Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.
Further details are available at the link below:
Medtronic benefits and compensation plans
About MedtronicWe lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people.
We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.
Learn more about our business, mission, and our commitment to diversity here.
It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.
If you are applying to perform work for Medtronic, Inc. ("Medtronic") in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
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