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Olympus Corporation · 4 hours ago

Inventory Planning & Business Analytics Analyst

Memphis, TN

Full-time

Onsite

Mid Level

$53K/yr - $71K/yr

3+ years exp

Olympus Corporation is a global medical technology company focused on advancing medical technologies and elevating the standard of patient care. The Inventory Planning & Business Analytics Analyst role is responsible for planning, purchasing, and analyzing repair parts inventory to maintain optimal inventory levels while minimizing back orders, and involves managing data analytics processes to report key inventory metrics.

ElectronicsIndustrialManufacturingMedical DeviceProduct Design

Responsibilities

Analyze min/max reorder points regularly. Monitor trends to ensure correct quantities, maintain optimum stock levels, and optimize pricing based on purchase quantities for locally purchased materials

Create purchase requisitions daily for appropriate vendors through Oracle-MRP and convert requisitions to purchase orders. For locally sourced materials, prepare requisitions for the Buyer to place orders with appropriate lead times. Communicate with suppliers regarding order status, receipt errors, delivery information, item notes, and pricing issues

Monitor open purchase orders against requested delivery dates to identify critical low-stock situations. Communicate daily/weekly on backorders to improve delivery and reduce delays. Analyze vendor performance trends and drive improvements

Ensure organization and accuracy of material master information between MDM and Oracle systems for all new parts introduced into the product group. Maintain Oracle material master with up-to-date details on description, location, order point, lead time, obsolescence, and supplier sourcing

Act as a liaison between suppliers, production managers, customer solutions, and warehouse management to communicate delivery dates, product delays, and urgent support needs. Develop and maintain strong relations with key stakeholders to ensure timely delivery and resolution of supply chain issues

Coordinate smooth transitions from older product lines to new ones by depleting old stock through Excess & Obsolete reports. Continuously evaluate order necessity to minimize E&O risk. Quarterly review inventory over 180 days and its percentage of total stock

Create return purchase orders for claim returns by obtaining RMAs and preparing return shipment documents

Ensure compliance with company policies and industry regulations in all purchasing activities

Support emergency parts replenishment needs during critical production downtimes or unexpected demand spikes. Coordinate with warehouse teams to manage inbound and outbound shipments, ensuring timely and accurate delivery

Participate in continuous improvement projects to streamline inventory management processes and enhance efficiency

Utilize data analytics tools to create dashboards and identify trends, predict demand, and improve decision-making in inventory planning

Prepare and present performance reports to management, highlighting key metrics and improvement opportunities

Design and manage dashboards and performance metrics (e.g., parts hit rate, forecast KPIs, OTIF)

Provide regular reporting and insights to leadership, including global repair volume and parts consumption data consolidation, highlighting trends, risks, and opportunities

Support during implementation of global projects, such as the rollout of a demand planning tool, ensuring smooth adoption and integration across regions

Perform all other related duties as assigned

Qualification

Power BISQLOracle Inventory ManagementMicrosoft ExcelData AnalyticsAnalytical skillsProfessionalismAPICS/CPIM certificationOrganizational skillsCommunication skillsTeam playerIntegrity