Lead Asset Management

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at https://www.jnj.com

Job Function

Supply Chain Planning

Job Sub Function

Inventory Management

Job Category

Professional

All Job Posting Locations:

Markham, Ontario, Canada

Job Description

The Inventory & Profitability Optimization Lead plays a fundamental role in the identification and execution of opportunities to reduce and optimize inventory within the network, inclusive of Loaner Pool Inventory and Consigned Inventory. This role will closely collaborate with the Supply Planners to ensure DC inventory fluctuations are considered and managed.

This role will lead and develop a team of four (4) Field Inventory Specialists based in different cities across the country. This role is responsible to execute the Consigned Inventory audit program, as part of the overall SOX Compliance controls. Overall, this position is a key enabler for the organization to reach established inventory targets on a yearly basis. This role is responsible for the execution of the SOX controls for inventory in consignment, more precisely the audit process which entails visiting High Risk accounts as defined in a risk assessment.

Responsibilities

• Phase-in/Phase Out of product lines: through data analysis and collaboration with Marketing, Marketing Ops., Supply Planning and Sales seek to minimize the exposure to obsolescence and expiration of inventory while maximizing customer experience.
• Working Capital efficiency: through sales data identify and recommend actions to optimize the Loaner Pool of inventory and Consigned inventory. Provide recommendations to place inventory where it could increase turns and retire inventory when and where is no longer needed.
• Expiry Management: Establish and monitor a recurrent process to accelerate the identification of potential expiry of inventory. The goal is to minimize the write-offs associated with product expired while in consignment.
• Life Cycle Management: based on Marketing portfolio timelines, through the team of four Field Inventory Specialists, retrieve inventory from consignment locations as soon as product lines become obsolete, customer-account is closed, or new technology is deployed.
• Coordinate with the Supply Planning team the influx of product to the Canadian market in accordance with overall consigned inventory in the hospitals and the retrieval plans.
• Destruction of Inventory and Return to Vendor; Maximize the prospects of returning product to the J&J hubs to obtain credit for unwanted inventory in Canada. Maintain a regular cadence in executing destruction requests for obsolete inventory retrieved from the field.
  
  

Qualifications

• Bachelor’s degree is required.
• A minimum of 4 years of supply chain experience or related field is required.
• Experience in developing and coaching is preferred.
• Understanding of Orthopedics business is preferred.