Inventory Management Specialist Job Description We are seeking an experienced Inventory Management Specialist to optimize product movement across sales groups, improve asset utilization, and enhance delivery speed and sales performance. This role involves conducting quarterly business reviews, analyzing loaner inventory usage, and collaborating with various departments to manage inventory effectively. Responsibilities + Recommend and execute product movement across sales groups to improve asset optimization, delivery speed, and sales performance. + Conduct quarterly business reviews with sales agents and Regional Business Directors, providing inventory reallocation actions. + Analyze loaner inventory usage and recommend allocations. + Promote the use of KPI reporting tools and dashboards to drive performance accountability. + Analyze asset utilization against company targets to identify efficiency opportunities. + Recommend optimizations for set configurations based on agent utilization. + Analyze P&L expenses, such as freight spend and loaner usage, to improve regional profitability. + Collaborate with Finance, Planning, and Logistics on managing slow-moving, excess, and expired inventory to reduce E&O expenses. + Support regional audit activities and resolve inventory issues and discrepancies. + Produce monthly expired inventory reports and manage the timely return of expired products. + Assess hospital consignment needs based on inventory productivity and support consignment agreements. + Partner with Planning and Logistics regarding demand forecasting to minimize backorders and supply chain disruptions. + Support new product introduction (NPI) system launches for consignment inventory levels and locations. + Assist with sales agent transitions and maintain strong relationships with regional sales partners. + Respond to requests for ad hoc reporting and support non-routine inventory management projects. + Regularly visit different field locations to physically count and verify inventory levels of products, supplies, or equipment against system records. + Monitor and improve the cost, accuracy, and efficiency of reconciliations. + Address inventory discrepancies with sales and operations teams. + Manage the audit schedule and future planning/forecasting. + Travel up to 15% may be required. Essential Skills + Expertise in inventory control and management. + Proficiency in cycle counts, shipping, and receiving. + Experience with KPI reporting tools. + Knowledge of medical device inventory management, specifically implantable devices. + Strong analytical skills. Additional Skills & Qualifications + BS degree or equivalent experience. + Minimum of 3 years in field inventory management with proven experience coordinating field inventory. + Advanced proficiency in Microsoft Excel. Work Environment The role involves regular field visits to count and verify inventory levels of products, supplies, or equipment against system records. Collaboration with various departments such as Finance, Planning, and Logistics is essential. The position may require up to 15% travel. The work environment is dynamic and requires a keen eye for detail and strong analytical skills. Pay and Benefits The pay range for this position is $75000.00 - $75000.00/yr. • Opportunity for advancement, 401K, health plans, dental and vision coverage, paid sick days, holiday and vacation days Workplace Type This is a fully onsite position in Addison,TX. Application Deadline This position is anticipated to close on Feb 25, 2025. About Actalent Actalent is a global leader in engineering and sciences services and talent solutions. We help visionary companies advance their engineering and science initiatives through access to specialized experts who drive scale, innovation and speed to market. With a network of almost 30,000 consultants and more than 4,500 clients across the U.S., Canada, Asia and Europe, Actalent serves many of the Fortune 500. Diversity, Equity & Inclusion At Actalent, diversity and inclusion are a bridge towards the equity and success of our people. DE&I are embedded into our culture through: + Hiring diverse talent + Maintaining an inclusive environment through persistent self-reflection + Building a culture of care, engagement, and recognition with clear outcomes + Ensuring growth opportunities for our people The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law. If you would like to request a reasonable accommodation, such as the modification or adjustment of the job application process or interviewing process due to a disability, please email actalentaccommodation@actalentservices.com (%20actalentaccommodation@actalentservices.com) for other accommodation options.