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.
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Key Responsibilities: The following are the primary duties and responsibilities of this role. Other related duties may be assigned to meet the business need.
- 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.
Minimum Basic Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
- 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.
Desired Qualifications:
- 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.
Work environment | Physical demands:
Ability to sit and stand for long periods of time.
Ability to lift and carry 25 pounds.
"Creating better together". It's the Enovis purpose, and it's what drives us and empowers us every day on a global scale. We know that the power to create better - for our customers, our team members, and our shareholders - begins with having the best team, pursuing common goals, operating at the highest levels, and delivering extraordinary outcomes.
Watch this short on creating the next generation of better together at Enovis:
Better is... | Enovis
We offer a comprehensive benefits package which includes:
- 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
ABOUT ENOVIS
Enovis Corporation (NYSE: ENOV) is an innovation-driven medical technology growth company dedicated to developing clinically differentiated solutions that generate measurably better patient outcomes and transform workflows. Powered by a culture of continuous improvement, global talent, and innovation, the Company's extensive range of products, services, and integrated technologies fuels active lifestyles in orthopedics and beyond. Visit www.enovis.com to learn more.
EQUAL EMPLOYMENT OPPORTUNITY:
Enovis provides equal employment opportunities based on merit, experience, and other work-related criteria and without regard to race, color, ethnicity, religion, national origin, sex, age, pregnancy, disability, veteran status, or any other status protected by applicable law. We also strive to provide reasonable accommodation to employees' beliefs and practices that do not conflict with Enovis policies and applicable law. We value the unique contributions that every employee brings to their role with Enovis.
ABOUT ENOVIS™
Enovis Corporation (NYSE: ENOV) is an innovation-driven medical technology growth company dedicated to developing clinically differentiated solutions that generate measurably better patient outcomes and transform workflows. Powered by a culture of continuous improvement, global talent and innovation, the Company's extensive range of products, services and integrated technologies fuels active lifestyles in orthopedics and beyond. For more information about Enovis, please visit www.enovis.com.
EOE AA M/F/VET/Disability Statement
All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, religion, color, national origin, sex, protected veteran status, disability, or any other basis protected by federal, state or local laws.