Job details

Inventory Specialist

Summary:

The Inventory Specialist is an on-site member of the Logistics Team in a territory sales office(s), responsible for managing and implementing company inventory/instrument policies and procedures for territory and/or area level. This includes managing inventory/instrument investments to ensure high utilization as well as maintaining accurate records of product placements. A solid understanding of company products, operating systems and procedures is critical.

Essential Duties and Responsibilities:

Ensure all product recall activity is performed immediately to ensure compliance to all required.
Coordinate with Quality and Regulatory to ensure verify and ensure all compliance procedures are followed.
Ensure consignment locations have valid consignment agreements and/or custody cards and Perform Field Cycle Counts as needed.
Coordinate and participate in territory physical inventories ensure all preparation guidelines are performed, conduct counts, and perform required physical inventory reconciliation.
Ensure minimal location/account variances and ensure adjustments (positive/negative) meet established company variance percentages and dollar amounts.
Perform field location/account visits/reviews to ensure consigned inventory instruments and implants are verified with account and ensure after reviews that instrument sets and implant inventory levels are accurate and adjusted accordingly.
Reconciliation variances should be addressed with the appropriate sales representative(s) and management.
Perform IAP validations semi-annually and ensure all required adjustments are performed to maintain accurate IAP records.
Analyze inventory asset levels to improve utilization and to provide improved sales performance providing recommendations and implementing appropriate strategies.
Perform Instrument and implant utilization analysis to find opportunities, inventory efficiencies with sales management and sales force.
Ensure compliance of company asset utilization goals and objectives.
Partner with the sales management team, sales force and logistics management to ensure excellent sales support.
Perform period, quarterly and annual product reporting to provide guidance for set and inventory deployments.
Perform analysis/reporting affecting all P&L related territory and/or area operations (i.e. Stock Withdrawal budget, freight analysis, courier usage, etc.).
Determine and ensure the least cost method of providing product to customer is performed. This includes MOSC, Courier and freight utilization is being supervised and reviewed each period.
Perform OSC system reviews with OSC Specialist to ensure excellent sales product support for surgeries and assess OSC Kit utilization to ensure maximum utilization.
Track and report Memphis, West Coast and Regional Loaner usage to assess additional requirements. Additionally, perform same for District/Sales Office to ensure quality utilization assessments are performed.
Ensure and maintain compliance to all Smith & Nephew Logistical requirements and Standard Operating Procedures (SOPs) are followed and in compliance.
Use the established IS Checklist for daily, weekly, monthly and quarterly required activities and duties. Always maintain Operational Audit readiness.
Perform sales order maintenance functions working with Order Management Specialist to ensure open orders are cleared and processed.
Provide and assist in the training of new logistics personnel and sales representatives. Additionally, provide and assist in the training of new operational and logistics SOP and processes.

Education/Experience

A Bachelor’s degree in a related Business field or equivalent experience, an MBA is preferred, e.g., technical or managerial.
Orthopedic Product knowledge is a tremendous plus
A minimum of 4 years' experience in a related field, e.g., Operations, Logistics, Business Analyst, Business Consultant

Competencies:

Microsoft Office Suite Applications and Analysis Skills

Other:

The position manages and is responsible for field inventory assets for the district/area (as the need arises). Performs asset reviews and recommends asset movements to provide sales support and increased utilization. Position requires self-reliance and confidence for broad empowerment as directed by Management. Supports Sales Revenue of 10-15M/Assets 2-5M.

Comments:

This job description is an outline of the major recurring responsibilities of the job and is not intended to be all-inclusive of the work to be performed. The incumbent(s) will typically perform other related job objectives and special assignments.

About Us:

Smith+Nephew is a global medical technology company. We design and manufacture technology that takes the limits off living! We support healthcare professionals to return their patients to health and mobility, helping them to perform at their fullest potential!

Care, Collaboration, & Courage:

Care means that we show empathy and understanding for each other, our customers, and patients.

Collaboration means we work together as a team, based on mutual trust and respect.

Courage is about continuous learning, innovation, and accountability.

Veterans are strongly encouraged to apply.

We are committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities.

Smith+Nephew provides equal employment opportunities to applicants and employees without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.

Smith & Nephew Glassdoor Company Review

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Smith & Nephew DE&I Review

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CEO of Smith & Nephew

Deepak Nath

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By Smith & Nephew

Physical health is never just about our body. It’s our mind, feelings and ambitions. When something holds it back, it’s our whole life on hold. We’re here to change that, to use technology to take the limits off living, and help other medical pro...

15 jobs

FUNDING

Public

INDUSTRY

Health Care Products Manufacturing

TEAM SIZE

10000+

LOCATION

Hybrid, based in Watford, United Kingdom

DATE POSTED

June 23, 2023