Principal Supply Chain Analyst

Medtronicabout 1 year ago
Memphis, Tennessee, United States
On-site
Full-time
Junior Level (1-3 years)

Job Description

Position Overview

At Medtronic you can begin a life-long career of exploration and innovation while championing healthcare access and equity for all. In this role as the Principal Supply Chain Analyst you will lead inventory management strategies across multiple business units, leveraging data analytics and partnering with cross-functional teams in supply chain, finance, and operations. You will implement processes to minimize waste, streamline operations, and ensure compliance with corporate and regulatory standards while fostering a culture of continuous improvement.

Note: We anticipate the application window for this opening will close on - 16 Nov 2025.

Key Responsibilities

  • Serve as the main point of contact for inventory for Business Unit stakeholders while collaborating with cross-functional leaders in Supply Chain Planning, Operations, Finance, and Supply Chain COEs.
  • Partner with stakeholders to drive end-to-end inventory optimization and waste minimization across multiple Business Units.
  • Utilize data analytics and reporting tools to track inventory performance metrics, identify improvement opportunities, and influence operational actions.
  • Collaborate with supply chain, sales, operations, and finance teams to align inventory strategies with overall business objectives including annual operating planning.
  • Present strategic recommendations and lead initiatives to streamline processes, optimize inventory levels, and reduce overall costs.
  • Develop and monitor inventory control policies to prevent overstocking and stockouts while balancing safety stock levels and service targets.
  • Conduct regular reviews to identify inefficiencies, reduce scrap and obsolescence, and implement continuous improvement practices.
  • Collaborate with IT and Data & Analytics teams to enhance inventory management systems and reporting capabilities.
  • Ensure compliance with regulatory requirements and corporate policies at all times.
  • Stay informed about industry best practices and emerging technologies to maintain leadership in inventory management.

Required Qualifications

  • Bachelor's degree required
  • Minimum of 7 years of relevant experience, or an advanced degree with a minimum of 5 years of relevant experience.

Preferred Qualifications

  • Experience with end-to-end inventory optimization from raw materials through finished goods, including field inventory (consignment and trunk stock).
  • Blue Yonder experience
  • Experience with designing and setting safety stock strategies
  • Experience with annual operating plan (AOP) planning
  • Proven ability to develop PowerPoint presentations to synthesize analysis and communicate insights
  • Proficiency in Microsoft Excel

Benefits & Perks

  • Competitive Salary: $101,600.00 - $152,400.00 base salary range.
  • Short-term Incentive: Eligible for the Medtronic Incentive Plan (MIP).
  • Benefits: Comprehensive health, dental, and vision insurance; Health Savings Account; Healthcare Flexible Spending Account; life insurance; long-term disability; dependent daycare spending account; tuition assistance/reimbursement; and Simple Steps global well-being program.
  • Retirement & Other Perks: 401(k) plan with employer contribution and match; Employee Stock Purchase Plan; paid time off; paid holidays; Employee Assistance Program; and additional retirement benefits.

Required Skills

Cross-functional Collaboration
Safety Stock Strategy
PowerPoint
Regulatory Compliance
Data Analytics
Supply Chain Optimization
Inventory Management
AOP Planning
Microsoft Excel
Process Improvement
Strategic Planning