Analyst, Excess and Obsolete Inventory

Owens & Minor; United States; Hybrid; USD 95,000 - 105,000; Full time

Benefits offered by this job

Comprehensive Healthcare Plan

Educational Assistance

Employer-Paid Life Insurance and Dis.“

Voluntary Supplemental Programs

Adoption assistance and parental leave

HSA and 401(k)

Paid Leave and Well-Being programs

Job summary

Owens & Minor is seeking an Excess and Obsolete Inventory Analyst to partner across DC Operations, Inventory Control, Finance, Sales, Marketing, and Supply Planning to identify and reduce excess medical distribution inventory. You will execute continuous E&O processes, analyze data, and drive root-cause solutions with cross-functional teams.

The role requires a Bachelor’s degree and 5+ years in supply chain, with strong Excel and Power BI skills, and a proven track record in process improvement

Qualifications

• Bachelor’s Degree required, concentration in Supply Chain Management, Business Management, or related technical field preferred.
• 5 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 requirements.

Responsibilities

• 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 elevate 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.

Skills

Inventory management

Lean principles

Data analysis

Cross-functional collaboration

Communication skills

Change management

Problem solving

Excel

Education

Bachelor’s Degree in Supply Chain Management, Business Management, or related technical field

Tools

Power BI

Excel

Job description

Owens & Minoris a global healthcare solutions company providing essential products, services and technology solutions that support care delivery in leading hospitals, healthsystemsand research centers around the world. For over140years, Owens & Minor has delivered comfort and confidence behind thescenes,so healthcare stays at the forefront, helping to make each day better for thehospitals,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 Touch

• 140+ years serving healthcare
• Over 14,000 teammates worldwide
• Serving healthcare partners in 80 countries
• Manufacturing facilities in the U.S., Honduras, Mexico, Thailand and Ireland
• 40+ distribution centers
• Portfolio of 300 propriety and branded product offerings
• 1,000 branded medical product suppliers
• 4,000 healthcare partners served

Benefits

• Comprehensive Healthcare Plan -Medical, dental, and vision plans start on day one of employment for full-time teammates.
• Educational Assistance -We offer educationalassistanceto all eligible teammates enrolled in an approved, accredited collegiate program.
• Employer-Paid Life Insurance and Disability -We offer employer-paid life insurance and disabilitycoverage.
• 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)and401(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, andadditionaltypes 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 SUMMARY

The 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 elevate 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 & EXPERIENCE

• Bachelor’s Degree required, concentration in Supply Chain Management, Business Management, or related technical field preferred
• 5 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 requirements

KNOWLEDGE, SKILLS, & ABILITIES

• Proven ability and willingness to develop relationships with internal functional partners
• Experience 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 recommendation
• Strong attention to detail and follow up skills
• Ability to root cause problems and develop new processes to improve.
• Ability to work effectively in a constantly changing, fast paced team environment
• Customer focused with a strong service orientation
• Excellent organizational and influencing skills
• Strong communication (written and verbal) skills; comfortable communicating at various organizational levels, and able to back‑up thoughts with facts and analysis
• Proficiency with Excel, other MS Office applications and data visualization tools (Power BI)
• Strong results orientation and work ethic, able to work independently
• Flexibility to support multiple projects with ability to meet all deadlines

ADDITIONAL REQUIREMENTS

• Inside working conditions.
• Ability to travel <10%
• No environmental hazards indicated for this classification.
• Remote working environment.

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.