Analyst, Excess and Obsolete Inventory

Owens & Minor; Glen Allen (VA); Remote; USD 95,000 - 105,000; Full time

Benefits offered by this job

Educational Assistance

Health Insurance + Disability

401(k) and HSA

Paid Leave

Job summary

Owens & Minor is seeking an Excess and Obsolete Inventory Analyst in Virginia to partner with DC Operations, Inventory Control, Finance, Sales, and Supply Planning to reduce excess medical distribution inventory.

You will use reports and analytics to identify root causes, develop action plans, and drive processes that eliminate risk and improve efficiency across teams.

Qualifications

• Bachelor’s Degree required; concentration in Supply Chain Management, Business Management, or related field preferred.
• 5+ years of Supply Chain experience (planning, inventory, operations, forecasting).
• Experience with Lean principles and tools (Flow, Pull, Kanban, Kaizen, Value Stream Mapping).

Responsibilities

• Support monthly Excess and Obsolete process by identifying root causes of excess inventory and documenting action plans.
• Analyze financial reserve to recoup monies by IBTing, selling, or returning inventory.
• Investigate excess purchases and ensure action plans with timelines are in place.
• Move excess inventory through various channels (Alt Source, Amazon Marketplace, charity, auctions).
• Evaluate and process returns or escalate opportunities to Supply Operations or Supplier Relations.
• Balance inventory through IBTs and monitor movement to reduce costs.
• Lead change management, engage stakeholders, and train teams to sustain new processes.

Skills

Excel

Power BI

Continuous improvement

Data analysis

Cross-functional collaboration

Communication

Project management

Education

Bachelor’s Degree in Supply Chain Management or related field

Tools

Power BI

Excel

Job description

Owens & Minor is a global healthcare solutions company providing essential products, services and technology solutions that support care delivery in leading hospitals, health systems and research centers around the world. For over 140 years, Owens & Minor has delivered comfort and confidence behind the scenes, so healthcare stays at the forefront, helping to make each day better for the hospitals, healthcare partners, and communities we serve. Powered by more than 14,000 teammates worldwide, Owens & Minor exists because every day, everywhere, Life Takes Care.Global Reach with a Local Touch140+ years serving healthcareOver 14,000 teammates worldwideServing healthcare partners in 80 countriesManufacturing facilities in the U.S., Honduras, Mexico, Thailand and Ireland40+ distribution centersPortfolio of 300 propriety and branded product offerings1,000 branded medical product suppliers4,000 healthcare partners servedBenefitsComprehensive Healthcare Plan - Medical, dental, and vision plans start on day one of employment for full-time teammates.Educational Assistance - We offer educational assistance to all eligible teammates enrolled in an approved, accredited collegiate program.Employer-Paid Life Insurance and Disability - We offer employer-paid life insurance and disability coverage.Voluntary Supplemental Programs – We offer additional options to secure your financial future including supplemental life, hospitalization, critical illness, and other insurance programs.Support for your Growing Family – Adoption assistance, fertility benefits (in medical plan) and parental leave are available for teammates planning for a family.Health Savings Account (HSA) and 401(k) - We offer these voluntary financial programs to help teammates prepare for their future, as well as other voluntary benefits.Paid Leave - In addition to sick days and short-term leave, we offer holidays, vacation days, personal days, and additional types of leave – including parental leave.Well-Being – Also included in our offering is a Teammate Assistance Program (TAP), Calm Health, Cancer Resources Services, and discount programs – all at no cost to you.POSITION SUMMARYThe Excess and Obsolete Inventory team is responsible for working with cross functional teams (DC Operations, Inventory Control, Finance, Sales, Marketing, Supply Operations, Supply Planning and Demand Planning) to identify and reduce excess Medical Distribution and Global Products inventory. The Excess and Obsolete Inventory Analyst will play a key role in executing a continual E&O Process which will require feedback and action planning from multiple owners to eliminate unproductive inventory. The role will utilize reports, systems and analytics to identify categories of excess and root cause, then take steps to eliminate proactively or develop new processes to remove future risk. Manages excess down to an item/DC level. Executes plans to hit strategic initiatives and goals.The anticipated pay range for this role is as follows: $95k-$105k annually. The actual compensation offered may vary based on job related factors such as experience, skills, education and location.RESPONSIBILITIES(Exclude if less than 15%)Support the Excess and Obsolete monthly process by using reports and systems to identify and root cause address excess inventory. Take actions to address or identify owners to resolve. Document action plans and follow up until the action is complete.Analyze financial reserve list to recoup some monies by IBTing, selling, or returning inventory.Be knowledgeable on any excess purchased through buy backs, forward buys, etc. and ensure there is an action plan and timeline to sell through. Follow up until the inventory is gone.Investigate and understand the root causes of excess and work with team members to develop new processes that will proactively eliminate risk.Assist in projects to move excess inventory. This includes but is not limited to selling to Alt Source providers, putting on Amazon Marketplace, giving to charitable organizations, selling in auctions etc. Follow up for full execution.Evaluate and process returns or escalate return opportunities to the Supply Operations team or Supplier Relations.Work to balance inventory through IBTs, look for opportunities to enhance dynamic deployment minimizing manual keying of orders. Ensure the IBT’s are cost effective and monitor movement of the inventory. Assist in moving inventory if exit buyouts are at risk.Influence cross functional teammates to take steps to action excess and obsolete inventory, document action plans, and follow up until the inventory is gone.Lead change management efforts, including stakeholder engagement, clear communication, and training, to drive adoption of new processes and sustain results across teams.EDUCATION & EXPERIENCEBachelor’s Degree required, concentration in Supply Chain Management, Business Management, or related technical field preferred5 or more years of Supply Chain experience (supply chain planning, inventory management, operations, manufacturing planning and/or forecasting)Preferred experience utilizing Lean principles and tools (Flow, Pull, Kanban, Kaizen, Value Stream Mapping, etc.)Or any combination of education and experience to meet the above requirementsKNOWLEDGE, SKILLS, & ABILITIESProven ability and willingness to develop relationships with internal functional partnersExperience applying continuous improvement methodologies to streamline processes, eliminate waste, and deliver measurable, sustainable improvements in operational efficiency.Experience in all aspects of supply chain planning, management, and operations.Ability to process large amounts of data and deliver a concise recommendationStrong attention to detail and follow up skillsAbility to root cause problems and develop new processes to improve.Ability to work effectively in a constantly changing, fast paced team environmentCustomer focused with a strong service orientationExcellent organizational and influencing skillsStrong communication (written and verbal) skills; comfortable communicating at various organizational levels, and able to back‐up thoughts with facts and analysisProficiency with Excel, other MS Office applications and data visualization tools (Power BI)Strong results orientation and work ethic, able to work independentlyFlexibility to support multiple projects with ability to meet all deadlinesADDITIONAL REQUIREMENTSInside working conditions.Ability to travel <10%No environmental hazards indicated for this classification.Remote working environment.#LI-DSIf you feel this opportunity could be the next step in your career, we encourage you to apply. This position will accept applications on an ongoing basis.Owens & Minor is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, national origin, sex, sexual orientation, genetic information, religion, disability, age, status as a veteran, or any other status prohibited by applicable national, federal, state or local law.