Principal Supply Chain Analyst - job 2 of 2
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 Life
Join 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.This role can be based remotely within US time zones.
Lead a team of cross-functional stakeholders focused on finished goods inventory optimization and waste minimization for the Medical Surgical Portfolio.
Foster a culture of continuous improvement, innovation, and accountability across cross-functional stakeholders.
Develop and execute strategies to optimize finished goods inventory levels while ensuring service level targets are met.
Implement and monitor finished goods inventory control policies to prevent overstocking and stockouts.
Establish processes to reduce scrap, obsolescence, and losses across finished goods inventory.
Conduct regular inventory audits to identify and address inefficiencies and waste.
Utilize data analytics and reporting tools to track inventory performance metrics and identify improvement opportunities.
Partner with IT and Data & Analytics teams to enhance inventory management systems and reporting capabilities.
Work closely with supply chain, sales, operations, and finance teams to align inventory strategies with business objectives including annual operating plan (AOP) development.
Ensure all finished goods inventory practices comply with regulatory requirements and corporate policies.
Identify risks related to finished goods inventory management and develop mitigation plans.
Lead initiatives to streamline finished goods inventory processes and reduce overall costs.
Stay informed about industry best practices and emerging technologies to enhance finished goods inventory management.
Present strategic recommendations to drive long-term improvements in finished goods inventory management.
Must Haves
Bachelor’s degree plus a minimum of 7 years Supply Chain experience OR advanced degree and 5+ years of experience
Nice to Have
Experience with end-to-end inventory optimization from Raw Material through Finished Goods including Field Inventory (Consignment and Trunk Stock)
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 & Compensation
Medtronic 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 Medtronic
We 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.
Average salary estimate
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At Medtronic, we’re on a mission to innovate healthcare access and equity for all, and as a Principal Supply Chain Analyst, you'll play a vital role in this journey! Based in Mounds View, Minnesota, or potentially from the comfort of your home within U.S. time zones, you'll lead a dynamic, cross-functional team dedicated to optimizing finished goods inventory while minimizing waste in our Medical Surgical Portfolio. Your day-to-day will involve designing and executing inventory management strategies that ensure we meet service level targets without overstocking or facing stockouts. You’ll have the exciting task of implementing inventory control policies, conducting audits to identify areas for improvement, and partnering closely with IT and Analytics teams to enhance our reporting capabilities. You’ll also align inventory strategies with our annual operating plans while ensuring compliance with regulations and best practices. Plus, you’ll be fostering a culture of continuous improvement and innovation. What’s more? Medtronic offers a competitive salary, comprehensive benefits, and the chance to work alongside passionate individuals who are committed to making a difference in the world. If you have a bachelor’s degree with 7+ years of experience or an advanced degree with 5+ years, and a knack for inventory optimization, we can’t wait to meet you and explore how you can shape the future of healthcare with us.
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Mission Written in 1960, our Mission dictates that our first and foremost priority is to contribute to human welfare. Over a half-century later, the Mission continues to serve as our ethical framework and inspirational goal for our employees aroun...
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