Inventory Analyst

at  Smith Nephew

Inventory Cost Analyst
Life Unlimited. At Smith+Nephew we design and manufacture technology that takes the limits off living.
Inventory analysts’ duties consist of understanding the company’s inventory situation and making recommendations with the assistance of reporting data to identify improvements to increase efficiencies within the Operations of the company. This role requires advanced organization skills, as analysts must keep several databases and spreadsheets detailing the various elements and aspects of inventory. Maintenance of system data with the responsibility for delivering reliable and accurate master data.

What will you be doing?

• Responsible for all Onsite and Field Inventory processes and management as per Manager direction.
• Investigate the batch# or Lot# discrepancies between the returned products and the related product information in hospital account and onsite inventory in SAP system. Make the necessary changes to correct the batch # or Lot# in the SAP system to match the returned product in order to create the ZKA return order.
• Investigate the reason of missing or extra products returns from hospital consignment stock and. Coordinate with other departments to make the arrangement in the credit/debit review. Fix the missing products movement transaction in SAP system for achieving quality compliance.
• Manage the disposition of returned products in Returns. Conduct overall inventory turn analysis, ABCD analysis, E&O, inventory levels analysis, for each product by pulling the dynamic historical sales data and current inventory level to determine if this product could be put back into our warehouse or return to the source plant for credit. Also process the write-off in SAP system for any opened or damaged or expired products that hospitals returned and onsite inventory SLED.
• Responsible for generating and providing analysis on both hospitals’ consignment inventory and warehouse/Loaner SLED data (expired or near-expired) report for Operations manager.
• Perform the write-off for the Loaner department periodically. Investigate the reason of discrepancies for missing or extra products in quality hold area.
• Responsible for the role of Local Material Master Steward in accordance with Global MDM team to manage all the product characteristics and information in SAP system.
• Manage the product lifecycle POP tasks in SAP system. Assist Marketing and Finance department to create new launch products or new Sales BOM sets in SAP system, verify all the pricing information, create the purchasing info record, setup the primary and secondary source plants and also the proper storage location in SAP system for warehouse receiving.
• Manage the phase out process of discontinuing products, change their sales status in SAP system to prevent from ordering or selling & billing, remove the Safety Stock level and create a reminding message in SAP system for their replacement products if any, provide the inventory list for discontinuing products for recall process from hospital consignment inventory.
• Act quickly and timely to correct the material master data for any system glitch or any missing characteristics data to minimize the impact to the daily operations.
• Assist the pricing changes review for Finance, investigate the discrepancies of billing issue between the source plant and our receiving plant during the return process, make the necessary changes.
• Work with Quality team to execute LVQ1 and LVQ2 the products movement flow in SAP system. Assist the validation of data for their traceability reports for product quality recalls according to the Health Canada requirements.
• Responsible for generating various reports and perform analysis through, Syndigo system, IBM Cognos, Power BI platform including such reports as daily and monthly Inventory list, product master list, LIFR and OTF performance, SLED inventory value, inventory turns and ABC analysis, daily backorder reports.
• Responsible for customizing the reports and arrange the auto-sending feature as needed. Make sure all the recipients receiving their reports timely and accurately, resolve the daily system glitch issue by manually pulling the reports from BI platform.

What will you need to be successful?

Education:

• University degree

Experience

• A minimum of three years of related experience, preferably in an SAP environment
• Capable of working in a highly developed IT environment with excellent PC skills;
• Advanced Microsoft Excel skills;
• Excellent communication, interpersonal and negotiating skills;
• Must be able to work within a Team environment;
• Strong analytical, problem solving and troubleshooting skills;
• High ethical standards
• Bilingualism an asset.

You. Unlimited.

We believe in creating the greatest good for society. Our strongest investments are in our people and the patients we serve.

• Inclusion, Diversity and Equity- Committed to Welcoming, Celebrating and Thriving on Diversity, Learn more about Employee Inclusion Groups on our website (https://www.smith-nephew.com/
• Your Future: 401k Matching Program, 401k Plus Program, Discounted Stock Options, Tuition Reimbursement
• Work/Life Balance: Flexible Personal/Vacation Time Off, Paid Holidays, Flex Holidays, Paid Community Service Day
• Your Wellbeing: Medical, Dental, Vision, Health Savings Account (Employer Contribution of $500+ annually), Employee Assistance Program, Parental Leave, Fertility and Adoption Assistance Program
• Flexibility: Hybrid Work Model (For most professional roles)
• Training: Hands-On, Team-Customized, Mentorship
• Extra Perks: Discounts on fitness clubs, travel and more!

Stay connected and receive alerts for jobs like this by joining our
talent community
.
We’re more than just a company - we’re a community! Follow us on
LinkedIn
to see how we support and empower our employees and patients every day.
Check our
Glassdoor page
for a glimpse behind the scenes and a sneak peek into YouUnlimited, life, culture, and benefits at S+N.
Explore our
new website
and learn more about our mission, our team, and the opportunities we offer.
Stay connected and receive alerts for jobs like this by joining our
talent community
.
We’re more than just a company - we’re a community! Follow us on
LinkedIn
to see how we support and empower our employees and patients every day.
Check our
Glassdoor page
for a glimpse behind the scenes and a sneak peek into You. Unlimited., life, culture, and benefits at S+N.
Explore our
new website
and learn more about our mission, our team, and the opportunities we offer.

• Responsible for all Onsite and Field Inventory processes and management as per Manager direction.
• Investigate the batch# or Lot# discrepancies between the returned products and the related product information in hospital account and onsite inventory in SAP system. Make the necessary changes to correct the batch # or Lot# in the SAP system to match the returned product in order to create the ZKA return order.
• Investigate the reason of missing or extra products returns from hospital consignment stock and. Coordinate with other departments to make the arrangement in the credit/debit review. Fix the missing products movement transaction in SAP system for achieving quality compliance.
• Manage the disposition of returned products in Returns. Conduct overall inventory turn analysis, ABCD analysis, E&O, inventory levels analysis, for each product by pulling the dynamic historical sales data and current inventory level to determine if this product could be put back into our warehouse or return to the source plant for credit. Also process the write-off in SAP system for any opened or damaged or expired products that hospitals returned and onsite inventory SLED.
• Responsible for generating and providing analysis on both hospitals’ consignment inventory and warehouse/Loaner SLED data (expired or near-expired) report for Operations manager.
• Perform the write-off for the Loaner department periodically. Investigate the reason of discrepancies for missing or extra products in quality hold area.
• Responsible for the role of Local Material Master Steward in accordance with Global MDM team to manage all the product characteristics and information in SAP system.
• Manage the product lifecycle POP tasks in SAP system. Assist Marketing and Finance department to create new launch products or new Sales BOM sets in SAP system, verify all the pricing information, create the purchasing info record, setup the primary and secondary source plants and also the proper storage location in SAP system for warehouse receiving.
• Manage the phase out process of discontinuing products, change their sales status in SAP system to prevent from ordering or selling & billing, remove the Safety Stock level and create a reminding message in SAP system for their replacement products if any, provide the inventory list for discontinuing products for recall process from hospital consignment inventory.
• Act quickly and timely to correct the material master data for any system glitch or any missing characteristics data to minimize the impact to the daily operations.
• Assist the pricing changes review for Finance, investigate the discrepancies of billing issue between the source plant and our receiving plant during the return process, make the necessary changes.
• Work with Quality team to execute LVQ1 and LVQ2 the products movement flow in SAP system. Assist the validation of data for their traceability reports for product quality recalls according to the Health Canada requirements.
• Responsible for generating various reports and perform analysis through, Syndigo system, IBM Cognos, Power BI platform including such reports as daily and monthly Inventory list, product master list, LIFR and OTF performance, SLED inventory value, inventory turns and ABC analysis, daily backorder reports.
• Responsible for customizing the reports and arrange the auto-sending feature as needed. Make sure all the recipients receiving their reports timely and accurately, resolve the daily system glitch issue by manually pulling the reports from BI platform