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Inventory Analyst

Memorial Health

Memorial Health

IT
Decatur, IL, USA
Posted on Saturday, June 1, 2024

Inventory Analyst

Job Locations US-IL-Decatur
ID
2024-21148
Category
Support Services
Position Type
Full-Time

Overview

Determines, develops, and maintains the appropriate inventory levels and assists in developing and modifying measurement techniques to maintain optimal levels of inventory. Embodies the Memorial Health System Performance Excellence Standards of Safety, Courtesy, Quality, and Efficiency that support our mission, vision and values.

Qualifications

Education:

  • Bachelor’s degree in a business-related discipline, such as accounting, finance, internal auditing, or inventory/materials management, or comparable field is required. Five (5) or more years of significant Inventory Management experience may be substituted in lieu of degree requirement.

Experience:

  • Previous work experience within the health care industry in an inventory or materials management role is strongly preferred.

Other Knowledge/Skills/Abilities:

  • Possess good customer relations, interpersonal, and training skills.
  • Demonstrates the ability to multi-task autonomously while working on multiple responsibilities simultaneously.
  • Intermediate math, writing, and personal computer skills are required. Experience with Microsoft products Word, Access, and Excel and materials management software is preferred.
  • Knowledge of inventory management techniques and APICS certification or CMRP is preferred.

Responsibilities

  1. Works with user departments on issues involving inventory levels and specific inventory and data needs. Determines the root cause(s) of inventory problems and recommends permanent fixes for improvement.

  1. Utilizes an electronic materials management inventory system to review, analyze, and monitor inventory levels. Knowledge of Omnicell Technology for use in a backup capacity. Performs in the role of Super User for Infor Materials Management System

  1. Works on Special Projects to help other departments with their inventory processes and technology. May be called on to be a trainer when needed.

  1. Assesses, establishes, and maintains the appropriate inventory levels based on item turnover, lead-time, review period, order quantity, and safety stock. Periodically reviews and adjusts inventory levels based on usage, trends, and future needs.
  2. Embodies the Memorial Health System Performance Excellence Standards of Safety, Courtesy, Quality, and Efficiency that support our mission, vision and values:

  • SAFETY: Prevent Harm - I put safety first in everything I do. I take action to ensure the safety of others.

  • COURTESY: Serve Others - I treat others with dignity and respect. I project a professional image and positive attitude.

  • QUALITY: Improve Outcomes - I continually advance my knowledge, skills and performance. I work with others to achieve superior results.

  • EFFICIENCY: Reduce Waste - I use time and resources wisely. I prevent defects and delays.

  1. Identifies inventory items exceeding established hold times and works with departmental management and/or staff to determine applicable use, retention, disposal or obsolescence of affected items.

  1. Serves as lead for conversion of warehouse items, working closely with Value Analysis and end-users

  1. Analyzes and determines the impact of inventory retention, turnover, and replenishment. Uses software spreadsheets to calculate associated costs and impact to affected departments. Tracks and trends turnover rates.

  1. Works closely with Purchasing and Value Analysis to remove surplus items from warehouse by returning to vendors or issue to affiliates.

  1. Reviews items and examines space capacity to determine the best accommodation of items in the most efficient location within the supply chain.

  1. Conducts assessment and analytical studies related to inventory management, such as stock room layout, special equipment, storage needs and allocation, and material handling methods and procedures.

  1. Serves as a coordinator for the annual physical inventory. Has responsibility for continuously improving Inventory Turnover. May be called upon to help other departments with their fiscal year-end inventories.

  1. Develops and produces a variety of statistical and data analysis reports for management.

  1. Serves as a back-up for other areas within the unit or department, including handheld device troubleshooting, and especially during times of special needs or staff absences, including but not limited to absence of the Inventory Coordinator.

  1. Performs other related work as required or requested.

The intent of this job description is to provide a representative summary of the major duties and responsibilities performed by incumbents of this job. Incumbents may be requested to perform tasks other than those specifically presented in this description.

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