Principal Supply Chain Analyst

Medtronic•Minneapolis, MN

13d•Remote

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 Location: This is a remote opportunity at Medtronic Join a diverse team of innovators who bring their worldview, their unique backgrounds, and their individual life experiences to work every day. It’s no accident — we work hard to cultivate a workforce that reflects our patients and partners. We believe it’s the only way to drive healthcare forward and remain a global leader in medical technology and solutions. As the Principal Supply Chain Analyst, you will lead inventory management strategies across multiple business units, partnering with cross-functional teams in supply chain, finance, and operations. You will leverage data analytics to identify improvement opportunities, drive action, and optimize inventory levels while balancing service and cost objectives. This role involves implementing processes to minimize waste, streamline operations, and ensure compliance with corporate and regulatory standards. You will also present strategic recommendations and foster a culture of continuous improvement and accountability across the organization.

Requirements

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

Nice To Haves

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

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.

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)