Associate Vice President responsible for Business Consulting in Supply Chain & Operations at EY in Mumbai. Focus on analyzing supply chain processes and developing strategies for clients.
About the role
- Principal Supply Chain Analyst focusing on optimization and waste reduction in inventory management. Collaborating with cross-functional teams at Medtronic to enhance healthcare solutions.
Responsibilities
- Serve as the main POC for inventory for Business Unit stakeholders, working with cross functional leaders and stakeholders in Supply Chain Planning, Business Unit Operations Leaders, Finance, and Supply Chain COEs.
- Partner with a team of cross-functional stakeholders focused on End-to-End inventory optimization and waste minimization for multiple Business Units.
- Utilize data analytics and reporting tools to track inventory performance metrics in order to identify and provide insights on improvement opportunities.
- Take those insights and influence cross functional partnerships to action those opportunities.
- Work closely with supply chain, sales, operations, and finance teams to align inventory strategies with business objectives including annual operating plan (AOP) development.
- Present strategic recommendations to drive long-term improvements in inventory management.
- Foster a culture of continuous improvement, innovation, and accountability across cross-functional stakeholders.
- Lead initiatives to streamline inventory processes and reduce overall costs.
- Develop and execute strategies to optimize inventory levels while ensuring service level targets are met.
- Implement and monitor inventory control policies to prevent overstocking and stockouts.
- Monitor, review, and adjust safety stock levels to balance service and inventory.
- Assess business requirements and inventory impacts for strategic stock placements.
- Establish processes to reduce scrap, obsolescence, and losses across finished goods inventory.
- Conduct regular inventory reviews to identify and address inefficiencies and waste.
- Partner with IT and Data & Analytics teams to enhance inventory management systems and reporting capabilities.
- Ensure all inventory practices comply with regulatory requirements and corporate policies.
- Stay informed about industry best practices and emerging technologies to enhance inventory management.
Requirements
- Bachelor's degree required
- Minimum of 7 years of relevant experience, or advanced degree with a minimum of 5 years of relevant experience.
- Experience with end-to-end inventory optimization from Raw Material through Finished Goods including Field Inventory (Consignment and Trunk Stock)
- Blue Yonder experience
- Experience with designing and setting safety stock strategies
- Experience with AOP planning
- Develop PowerPoint presentations to synthesize analysis and communicate insights and recommendations to leadership stakeholders
- Proficient in Microsoft Excel
Benefits
- 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)
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