Inventory Management and MRP Lead
3 weeks ago
Medisca is a global corporation with locations throughout North America, Australia, and Europe, that contributes to healthcare by leveraging strong partnerships that deliver customized solutions with an unwavering commitment to quality and innovation. Backed by 30+ years and a strong foundation in pharmaceutical compounding, Medisca is a business-to-business company that delivers comprehensive offerings by providing value, consistency, responsiveness, and loyalty. From pharmaceutical compounding products and services, to supply chain solutions, mixing technology manufacturing, analytical testing, IP licensing, to education services and more - Medisca delivers extensive solutions that leverages a strong network of partners committed to deeply caring about people. As **Partners in Wellness**, Medisca offers an unfailing devotion to improving lives, across a multitude of needs and across a multitude of people.
The **Inventory Management and MRP Lead** will ensure adequate and qualitative inventory levels to support our customers by controlling and monitoring the MRP requirements. Over time the analyst will develop a good understanding of maintenance and asset management process with the purpose of optimizing MRP output in terms of inventory levels, turns, data accuracy, PO suggestions, service levels.
**Your key responsibilities**
Inventory
- Create standard practices to control inventory levels and drive company reduction initiatives.
- Establish inventory performance criteria based on statistical data.
- Collaborate with cross functional teams such as procurement, commercial, planning to ensure alignment and efficient inventory management.
- Assisting and establishing inventory KPI’s
- Analyze and address inventory-related challenges by identifying root causes, reporting on trends that negatively impact inventory.
- Analyze inventory movement on a weekly and monthly basis across multiple distribution sites.
- Monitor inventory levels, and proactively suggesting strategic resolutions to management.
- Evaluate the obsolescence of components and identify products for monthly inventory write-off.
- Provide accurate inventory data and participate in year end inventory audits.
- Actively collaborating with the Operation Managers and their teams on analyzing major discrepancies, anomalies, and cycle count procedures.
- Conduct monthly analysis of inventory provisions, including examination of slow-moving items, reconciliation, and shrinkage provisions.
- Identify surplus or shortage risks and propose corrective actions.
Material Requirements Planning (MRP)
- Actively Participate as a power user in MRP implementation and maintenance.
- Work closely with Procurement team for accurate forecast demand and accurate replenishment suggestions.
- Tailor MRP output, being part of Sales and Operations Planning process.
- Eliminate MRP noise, and tailor per company on a global scale.
- Control and adjust service levels in MRP.
- Maintain safety stock and minim levels and provide statistical support for suggested recommendations.
- Perform regular ABC analysis to optimize stock levels.
- Ability to identify level of demand uncertainty and proposed adjustments on Standard deviations.
- Evaluate the accuracy of forecasted data in the MRP output.
- Determine the optimal cost-effective scenario output by considering factors such as lead time, minimum order quantities, fixed time periods, and planning horizon.
- Verify the accuracy of MRP setup for every SKU within product categories.
**Skills, knowledge and abilities**
- Bachelor’s degree in Supply Chain Management, Business or Finance
- Certified in Production and Inventory Management (CPIM) is considered an asset.
- Minimum eight (8) years experience as an Inventory Analyst or in MRP
- Experience in Inventory Management, Materials and Manufacturing
- Experience working with global inventory
- Experience with an MRP implementation and maintenance (Gains an asset)
- Demonstrated experience in relationship management.
- Experience working with an ERP (Syspro an asset)
- Experience with BI or other reporting tools
- Knowledge of the Microsoft Office suite (Word, Outlook, Teams and Excel) required.
- Excellent communication skills; fluent French (in Québec) and English (oral & written) required.
- This role will work with our Global company and require both languages for the role.
- Comfortable managing inventory projects with tight deadlines in an ambiguous environment
- Skilled in data analysis and forecasting methods
- Excellent time management and organizational skills
- Detail oriented, strong analytical thinking, planning, prioritization and execution skills
**What’s in it for you**
We invest time and resources into making sure Medisca is as good as the people we hire.
- Work/Life Balance - 37.50 hour workweek with early Fridays all year long, PTO and vacation policy
- Invest in your health - Choice of modular plans, health spending account and free Telemedicine
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