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Sr. Inventory Planning Analyst

Company Description

Treace’s mission is to be the leader in the surgical treatment of bunions by establishing the Lapiplasty® System as the standard of care. We are committed to operating our business with the highest standards of ethical conduct. We intend to exceed our customers’ expectations through an innovation-driven, high-velocity approach to solving treatment and surgical problems. With our products and services, our mission is to assist foot and ankle surgeons in improving patient outcomes and reducing healthcare costs, while providing rewarding experiences and opportunities for our employees and stakeholders.

Job Description

POSITION SUMMARY:

The Sr. Inventory Planning Analyst is responsible for the management and optimization of deployment planning for inventory to the Sales team. They will refine and improve deployment methodologies and tools. The position is responsible for data analysis and metrics reporting of inventory in all areas of the business. This team member is responsible for maintaining and improving inventory tracking systems and preparing annual budgets and periodic forecasts of inventory and instrumentation.  This position will interact with almost every function and level of the business, including the Senior Leadership Team.

PRIMARY DUTIES AND RESPONSIBILITIES:

  • Maintain and improve inventory deployment, rebalancing, and tracking systems to optimize inventory control and placement
  • Prepare annual budget requirements for instrumentation CapEx and inventory/DOH
  • Prepare monthly inventory, DOH, and cash flow forecasts
  • Prepare quarterly EOL and product expiration risk analyses and mitigate risk on revision and portfolio changes
  • Identify opportunities for process and metrics improvements to optimize inventory placement
  • Conduct daily analyses to forecast potential inventory issues and coordinates with all areas of the Company to resolve those issues with a high sense of urgency
  • Conduct ad-hoc analyses and build new analytics tools as required to help Operations evaluate optimization of OpEx, gross margin, and/or working capital
  • Perform other duties as required

 

Qualifications

EDUCATION & EXPERIENCE REQUIREMENT

  • Bachelor’s degree in business or related field required, MBA preferred
  • 5+ years of business process experience required, with a minimum of 2 years Supply Chain experience strongly preferred.
  • APICS certification (CSCP or CPIM) preferred

Additional Information

All your information will be kept confidential according to EEO guidelines.

Treace's Privacy Policy

It is Treace’s policy not to discriminate against any applicant for employment, or any employee because of age, color, sex, disability, national origin, race, religion, veteran status or any other characteristic protected by applicable law. EEO/Disabled/Veterans Employer
 

Treace is a drug free employer.

Average salary estimate

$90000 / YEARLY (est.)
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$80000K
$100000K

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What You Should Know About Sr. Inventory Planning Analyst, Treace

Join Treace Medical Concepts as a Sr. Inventory Planning Analyst in beautiful Ponte Vedra, FL, where our mission is to revolutionize the surgical treatment of bunions with our innovative Lapiplasty® System. We're looking for a dynamic individual who can optimize inventory deployment and streamline operational processes to ensure that our Sales team has the right tools at their disposal. In this role, you’ll be responsible for refining our deployment methodologies, handling inventory data analysis, and generating precise metrics reports. Your expertise will be key in maintaining and enhancing our inventory tracking systems, which will include preparing annual budgets and forecasting inventory needs. If you thrive in collaborative environments and have a knack for quick problem-solving, you'll find this role fulfilling as you interact with various departments and senior leadership. Plus, with responsibilities such as conducting quarterly risk analyses and improving inventory processes, your impact will be felt across the organization. We're excited to have someone with your talent join us, as we work together to exceed customer expectations and provide rewarding experiences for all involved. At Treace, your innovation-driven mindset will help us continue to lead in transforming patient outcomes and optimizing healthcare costs.

Frequently Asked Questions (FAQs) for Sr. Inventory Planning Analyst Role at Treace
What are the responsibilities of a Sr. Inventory Planning Analyst at Treace?

As a Sr. Inventory Planning Analyst at Treace, you'll be responsible for managing and optimizing inventory deployment for our Sales team. This includes improving inventory tracking systems, preparing annual budgets and forecasts, conducting risk analyses, and identifying process improvements to enhance inventory placement. You will interact with various functions within the company, providing crucial analytics and solutions to inventory challenges.

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What qualifications are required for the Sr. Inventory Planning Analyst position at Treace?

To qualify for the Sr. Inventory Planning Analyst role at Treace, candidates should have a Bachelor’s degree in business or a related field, with an MBA preferred. Additionally, a minimum of 5 years of business process experience is required, including at least 2 years in Supply Chain. APICS certification (CSCP or CPIM) is also preferred to strengthen your candidacy.

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How does the Sr. Inventory Planning Analyst contribute to Treace's mission?

The Sr. Inventory Planning Analyst plays a vital role in supporting Treace's mission by ensuring that our products are efficiently deployed to meet customer needs. By optimizing inventory management and conducting detailed analyses, you will help in reducing operational costs and improving patient outcomes, directly contributing to our goal of becoming the standard of care in bunion treatment.

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What tools does the Sr. Inventory Planning Analyst at Treace use for inventory management?

In the role of Sr. Inventory Planning Analyst at Treace, you'll utilize various tools for inventory management, including analytics software for data analysis, forecasting tools for budgeting and inventory needs, and reporting systems to track metrics effectively. The ability to build new analytics tools will also be essential for improving inventory processes.

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What type of work environment can be expected as a Sr. Inventory Planning Analyst at Treace?

At Treace, you can expect a collaborative and innovative work environment as a Sr. Inventory Planning Analyst. The culture emphasizes teamwork and communication across departments, allowing you to interact with senior leadership and other functions regularly. You'll be supported in your initiatives to drive process improvements and foster a strong focus on achieving high-quality outcomes.

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Common Interview Questions for Sr. Inventory Planning Analyst
Can you describe your experience in managing inventory as a Sr. Inventory Planning Analyst?

When answering this question, focus on specific inventory management techniques you've implemented, how you optimized processes, and the successful outcomes of those actions. Mention any technical skills or systems you utilized.

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How do you handle forecasting inventory needs?

For this question, explain the methodologies you use for forecasting, such as historical data analysis or market trends. Discuss how you collaborate with teams for accurate predictions and adjustments.

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What steps would you take if you identified an issue with inventory levels?

Describe your approach to analyze the root cause and mitigate issues. Include collaboration with other departments and utilizing data to create effective solutions.

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Can you give an example of a successful project or process improvement you led?

Share a specific project where you improved inventory processes, emphasizing the challenges faced, strategies employed, and results achieved. Quantify the improvements when possible.

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What inventory management systems are you familiar with?

Detail the inventory management systems you've used, highlighting your proficiency in tools relevant to Treace's needs. Discuss how you've utilized these systems for data analysis and reporting.

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How do you prioritize competing inventory tasks?

Describe your method for prioritizing tasks, considering factors like urgency, impact on business operations, and collaboration with other team members to meet deadlines efficiently.

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Why is effective inventory tracking important in a healthcare-focused company like Treace?

Highlight the significance of accurate inventory tracking for minimizing costs, ensuring product availability, and contributing positively to patient care outcomes in a healthcare setting.

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What techniques do you use to analyze inventory performance?

Discuss the analytical tools and methods you employ to assess inventory performance, such as KPIs, turnover rates, and cash flow analysis to drive strategic decisions.

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How do you stay updated on industry trends in inventory management?

Mention how you keep up-to-date by attending industry webinars, subscribing to relevant publications, or participating in professional organizations related to supply chain and inventory management.

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What motivates you to excel as a Sr. Inventory Planning Analyst?

Share your passion for data analytics, improving business processes, and making a tangible impact on a company’s performance, especially in a mission-driven organization like Treace.

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Treace Medical Concepts, Inc. is a medical technology company with the goal of advancing the standard of care for the surgical management of bunion deformities and related midfoot correction. Bunions are complex 3-dimensional deformities that orig...

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DATE POSTED
April 17, 2025

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