Job Description:

At Enovis™ we sweat the little things. We embrace collaboration with our partners and patients, and we glory in the grind of scientific excellence - with the goal of transforming medical technology as we know it.

Because that's how we change the lives of patients for the better. And that's how we create better together.

Job Title:

Inventory Analyst

Reports To:

Manager, Supply Chain

Location:

Houston Plant

Business Unit Description:

Foot and Ankle

Role Summary:

We are seeking a skilled and experienced Inventory Analyst to join our team. As an Inventory Analyst, you will play a crucial role in managing and optimizing our inventory levels to ensure efficient operations and customer satisfaction. You will be responsible for analyzing inventory data and implementing strategies to minimize costs while maximizing inventory turnover.

• Update and maintain the inventory policy according to the global supply chain standards & update the MRP setups accordingly.
• Closely work with the demand planning department to understand the market trends and demand variability and adjust inventory levels accordingly.
• Develop and implement inventory optimization strategies to reduce carrying costs and minimize stockouts.
• Work closely with cross-functional teams including purchasing, sales, and logistics to align inventory strategies with business goals.
• Closely work with cost analyst explain & address the inventory costs variances against standard costs / identify root causes and recommend corrective actions plan to the planner-buyers.
• Analyze the obsolescence costs on slow movers to provide relevant inputs to the product management team.
• Participate to the S&OP process by analyzing the projected end of month inventory levels, identifying gaps vs targets & work closely with the Supply Planners & the production team to define & implement the mid & long-term correctives actions plans.
• Utilize inventory management software or ERP systems to track inventory movements and maintain data accuracy.
• Create automated data feeds from several data sources, building dynamic reports centered on key field inventory (turnover rates, stock levels, and aging inventory) and sales performance metrics, and instituting efficient methods to distribute information to wide audiences.
• Build, develop and maintain data models in Power BI, data automation systems, dashboards and performance metrics that support key business decisions.
• Identify, anticipate and mitigate risks related to inventory, such as obsolete stock, excess inventory, or supply chain disruptions.
• Continuously evaluate and improve inventory management processes and procedures to enhance efficiency and accuracy.
• Ensure a positive customer experience by exhibiting a helpful and team-oriented attitude towards customers and employees.

• Bachelor's degree in Business Administration, Supply Chain Management, Logistics, or a related field (preferred).
• 2+ years' experience performing analytics in Operations or Field Inventory.
• 1+ years' experience with Power BI data querying and modeling capabilities, such as creation of calculated columns, measures, and relationships.

• Technical expertise in Excel, relational databases, dealing with large datasets from various sources, and writing complex calculations.
• Proven experience as an Inventory Analyst or similar role, with a strong understanding of inventory management principles and best practices.
• Proficiency in using inventory management software and ERP systems (e.g., SAP, Oracle, NetSuite).
• Strong analytical skills with the ability to interpret data, identify trends, and make data-driven decisions.
• Excellent organizational and time management skills with the ability to prioritize tasks and meet deadlines.
• Effective communication skills with the ability to collaborate cross-functionally and present findings to management.
• Detail-oriented mindset with a focus on accuracy and problem-solving.

• Medical Insurance
• Dental Insurance
• Vision Insurance
• Spending and Savings Accounts
• 401(k) Plan
• Vacation, Sick Leave, and Holidays
• Income Protection Plans
• Discounted Insurance Rates
• Legal Services