Senior Inventory Analyst

About the position

At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world. A Day in the Life At Medtronic, we seek out and hire a diverse workforce at every level: We need fresh ideas and inclusive insights to continue to be an innovative industry leader — that’s why we make it a point to seek out, attract and develop employees who are patient-centric, passionate, and who represent the same wide variety of life experiences as our patients. We are seeking a Senior Inventory Analyst at our Distribution center who will be responsible for warehouse slotting, distribution center space utilization, product flow optimization, and distribution throughput improvements. The ideal candidate will have a strong background in logistics engineering and warehouse optimization, with a focus on applying machine learning principles to improve slotting strategies and operational efficiency in a fast-paced distribution framework. At Medtronic, we bring bold ideas forward with speed and decisiveness to put patients first in everything we do. In-person exchanges are invaluable to our work. We’re working a minimum of 4 days a week, onsite as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary. This position will work onsite at our plant in Memphis, TN.

Responsibilities

• Support DC space utilization: Implement strategies to optimize the space utilization, efficient slotting of inbound inventory and minimize handling time.
• Develop methodologies to optimize warehouse slotting strategies, considering multiple variables like product velocity, product size, turnover rates, and storage requirements.
• Develop storage and replenishment strategies for all materials in the warehouse.
• Use predictive analytics to forecast demand patterns and adjust slotting configurations dynamically.
• Utilize warehouse reports, product history and business forecasts to analyze warehouse health and understands how to change slotting strategies to meet changing business needs.
• Work with leadership to forecast warehouse capacity and future storage requirements.
• Collaborate with inventory clerks to accurately capture and input essential product data into the system.
• Partner with slotting SMEs to execute data collection and slotting actions.
• Monitor and maintain accuracy of warehouse master data, including material data, slotting data, and bin data.
• Engage directly with warehouse operations to perform physical product movements to optimize space and/or pick efficiency.
• Support DC throughput improvements: Analyze current throughput metrics and identify opportunities for improvement in receiving, picking, packing and shipping.
• Work with onsite cross functional teams to develop, automate and ideate process improvements aligned with MPS (Medtronic Performance System) objectives (e.g., - A3 problem-solving, Kaizen events, Value Stream Mapping, DMAIC methodologies).

Requirements

Bachelors Degree: plus a minimum of 4 years relevant Inventory experience OR a Masters Degree plus 2 years relevant experience.

Nice-to-haves

• Bachelor's degree
• Experience in logistics engineering, warehouse operations, or a similar role, with experience in warehouse slotting and machine learning.
• Strong analytical and problem-solving skills with proficiency in MS Office Suite and data visualization tools (e.g., PowerBI)
• Experience with Warehouse Management Systems (SAP WMS).
• Knowledge of Lean and Six Sigma principles.
• Experience in Optislot or other slotting tools is preferred.
• SAP WM Slotting Experience preferred.
• Experience with automation and robotics in warehouse environments is preferred.

Benefits

• Medtronic offers a competitive Salary and flexible Benefits Package
• A commitment to our employees lives at the core of our values.
• We recognize their contributions.
• They share in the success they help to create.
• We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
• Health, Dental and vision insurance
• Health Savings Account
• Healthcare Flexible Spending Account
• Life insurance
• Long-term disability leave
• Dependent daycare spending account
• Tuition assistance/reimbursement
• Simple Steps (global well-being program)
• Incentive plans
• 401(k) plan plus employer contribution and match
• Short-term disability
• Paid time off
• Paid holidays
• Employee Stock Purchase Plan
• Employee Assistance Program
• Non-qualified Retirement Plan Supplement (subject to IRS earning minimums)
• Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums)