Analyst, Excess and Obsolete Inventory

owensminor; United States; On-site; USD 95,000 - 105,000; Full time

Benefits offered by this job

Health insurance from day one

Educational assistance

Employer-paid life insurance

Disability coverage

Voluntary insurance options

Adoption assistance

Fertility benefits

HSA & 401(k)

Paid leave

Well-being programs

Job summary

Owens & Minor is seeking an Excess and Obsolete Inventory Analyst to partner with 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 role drives the continued E&O process, leveraging reports and analytics to identify root causes, then taking steps to eliminate risk and execute action plans.

Qualifications

• Bachelor's degree in Supply Chain, Business Management or related field
• Experience with inventory management and excess inventory processes
• Ability to analyze reports and develop action plans

Responsibilities

• Support the Excess and Obsolete monthly process by using reports to identify root causes and address excess inventory; document action plans and follow up until complete
• Analyze financial reserve list to recover funds by IBTing, selling, or returning inventory
• Understand excess purchases (buy backs, forward buys) and ensure an action plan with timelines to sell through
• Investigate root causes of excess and work with teams to develop new proactive processes
• Assist in projects to move excess inventory (selling to Alt Source providers, Amazon Marketplace, charitable organizations, auctions) and follow up for full execution
• Evaluate and process returns or escalate opportunities to Supply Operations or Supplier Relations
• Balance inventory through IBTs and reduce manual keying; ensure cost-effective IBTs and monitor movement
• Influence cross-functional teams to take action on excess/inventories and sustain results through change management

Education

Bachelor's Degree

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 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 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 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

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