Inventory Analyst

Hennepin Healthcare is an integrated system of care that includes HCMC, a nationally recognized Level I Adult and Pediatric Trauma Center and acute care hospital.

The comprehensive healthcare system includes a 484 bed academic medical center, a large outpatient Clinic & Specialty Center, and a network of primary and specialty care clinics in Minneapolis and in suburban communities.

Hennepin Healthcare has a large psychiatric program, home care and hospice, and operates a research institute, innovation center and philanthropic foundation.

The following information provides an overview of the skills, qualities, and qualifications needed for this role.

SUMMARY

Hennepin Healthcare has a current opening for an Inventory Analyst in our Distribution department. This full-time position will work Monday thru Friday with a 6 : 00am start time.

Supports the inventory management processes to achieve the Supply Chain Management (SCM) goals and objectives of the organization.

Assists in managing all official inventory locations and kanban inventory replenishment system throughout the organization.

Identifies metrics to ensure sustainability and assists with inventory reduction goals. Identifies opportunities for process improvement, improving customer service, assisting in the development of key reporting tools, and playing a key / lead role in establishing a robust inventory management system.

RESPONSIBILITIES

• Maintain and update inventory records including creating efficient and accurate management procedures
• Meet with unit leaders and storeroom staff to address the varying needs of specific supply rooms
• Analyze supply room usage data from PeopleSoft queries and reports
• Ensure that all daily activities necessary to maintain effective inventory management procedures are performed
• Make recommendations to the Inventory Systems Supervisor on programs to improve the management of inventory, including how to prevent loss
• Plan and implement a recoup program to ensure all damaged / defective products are accounted for and properly handled including maintaining records to accurately track recouped products
• Develop procedures to monitor and control products with a shelf life to ensure that expiring products are kept to a minimum and promptly removed from active inventory
• Oversee the inventory quality and accuracy assurance programs, including weekly and monthly reports
• Develop ongoing programs to identify and reduce or eliminate all slow moving / obsolete inventory items
• Process and put away supply room overstock while using root cause analysis to reduce risk of reoccurrence
• Provide strong leadership in guiding and supporting department managers in appropriate inventory control to manage costs and meet department fluctuations
• Make recommendations for program improvements and enhancements
• Provide support for departmental staff in making the appropriate changes to ensure efficient workflow
• Collaborate with primary vendors to ensure product availability for conversions or forecast changes
• Conduct, as necessary, any necessary actions to locate products within the system. Control, administer and correct / prevent all inventory adjustments when there are discrepancies between actual products and records
• Develop a program to audit returns and move products to their proper location. When necessary, process proper documentation to generate a prompt credit transaction
• Take appropriate action on products that are not in saleable condition
• Support the cycle count program and make all system adjustments as necessary
• Assist in the development of an inventory management plan for the entire organization with aggressive goals to achieve inventory reductions
• Monitor inventory levels through report tools to identify and take corrective action on matters relating to potential inventory shortages, stock-outs, manufacturer backorders, or any customer related issue that may exist
• Participate in continuous quality improvement initiatives and productivity improvement events
• Perform additional related duties or activities as assigned

QUALIFICATIONS

Minimum Qualifications :

• Associate degree in business or related field
• Five years' experience in managing inventory
• An approved equivalent combination of education and experience

Preferred Qualifications :

• Bachelor's Degree in business administration, finance, supply chain or a closely related field
• Seven plus years of experience in Supply Chain Management, Inventory Management, Strategic Sourcing, or Purchasing
• Professional certification preferred, i.e., CMRP, CPM, CPSM, or CPIM
• Experience working in a hospital supply chain management department
• Experience in building an inventory management system

You've made the right choice in considering Hennepin Healthcare for your employment. We offer a wealth of opportunities for individuals who want to make an impact in our patients' lives.

We are dedicated to providing Equal Employment Opportunities to both current and prospective employees. We are driven to connect talented individuals with life-changing career opportunities, enabling you to provide exceptional care without exception.

Thank you for considering Hennepin Healthcare as a future employer.

Please Note : Offers of employment from Hennepin Healthcare are conditional and contingent upon successful clearance of all background checks and pre-employment requirements.

Department : Distribution

Primary Location : MN-Minneapolis-Downtown Campus

Standard Hours / FTE Status : FTE 1.00 (80 hours per pay period)

Shift Detail : Day

Job Level : Staff

Employee Status : Regular

Eligible for Benefits : Yes

Union / Non Union : Non-Union

Job Posting : Aug-28-2024

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