Inventory Control Analyst

About the role

The Inventory Control Analyst will play a critical role in supporting the healthcare system by ensuring an adequate supply of medical products and materials, aligning with patient care needs, and minimizing inventory investment. This position is responsible for implementing and monitoring inventory control procedures, supply planning, and demand forecasting.

Responsibilities

• Maintain inventory control procedures tailored to meet the unique needs of a healthcare environment, ensuring adequate supply levels for critical medical products.
• Use supply planning and demand forecasting experience and tools to support healthcare departments, aligning inventory levels with patient care needs while managing costs.
• Reflect demand changes accurately in planning systems to maintain optimal inventory and forecast accuracy.
• Review and release inventory replenishment orders from planning system to Enterprise Resource Planning system.
• Proactively works to mitigate stockout scenarios with appropriate safety stock or product substitution.
• Product change liaison that works cross-functionally to implement and communicate product changes while maintaining appropriate inventory and timeline to support the product conversion.
• Participates in return and recall processes ensuring inventory changes are processed timely for accuracy and patient safety.
• Ensure high data accuracy in inventory records, item usage history, and forecasting files to support healthcare service continuity.
• Collaborate with logistics, procurement, category management, and healthcare leadership to create effective inventory processes that enhance supply chain efficiency and reduce costs.
• Aids in onsite operational and other projects, as needed.

Requirements

• 2 to 3 years’ experience in analysis with emphasis on inventory management, product/category management, or retail forecasting.
• Mastery of Supply Chain Key Performance Indicators (KPIs).
• Demonstrated supply chain experience working in partnership with transportation, distribution, purchasing, supplier management, and/or inventory management.
• Solid understanding of Master Data and Databases, Warehouse Management Systems (WMS), and Enterprise Resource Planning Systems (ERP).

Qualifications

• Bachelor's degree in Engineering, Supply Chain, Logistics, Transportation, Business or related field.

Skills

• Knowledge of healthcare supply chain management including best practices in inventory control, demand forecasting, and supply planning within a healthcare system.
• Experience with ERP systems and data analytics tools in inventory management.
• Preferred certifications from Association for Supply Chain Management (ASCM), Institute for Supply Management (ISM), International Society of Logistics (SOLE), Association for Supply Chain Management (NCMA), Council of Supply Chain Management Professionals (CSCMP), Institute of Business Forecasting & Planning (IBF), Project Management Institute (PMI), or Institute for Process Excellence (IpX).

Benefits

Essentia Health offers a comprehensive benefits package including medical, dental, vision, life, and disability insurance, as well as supplemental options. We provide a 401(k) plan with employer contributions, and invest in your professional development through training, tuition reimbursement, and educational programs. We also offer flexible scheduling, generous time off, and wellness resources focused on your physical, mental, and emotional health.