Sr Director Inventory Management (Finance)

We anticipate the application window for this opening will close on - 6 Jun 2025

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
Medtronic has declared its bold ambition to become the global healthcare technology leader. To support the Global Operations and Supply Chain organization's critical role in achieving this bold ambition, a new strategy was introduced to enable Global Operations and Supply Chain (GO&SC) to become a best-in-class organization that serves as a strategic and competitive advantage for Medtronic.

Are you ready to lead and revolutionize inventory planning at Medtronic? We seek a dynamic Sr. Director of Inventory Planning to join our Global Supply Chain Planning team to optimize our global operations, including all Operating Units (OUs), regions, and manufacturing locations. This role is essential in ensuring our inventory management processes are proactive, standardized, and innovative, ultimately supporting Medtronic's mission to improve healthcare worldwide.
At Medtronic, we believe in creating an inclusive and engaging environment where your innovative ideas can thrive. Join us to contribute significantly to healthcare and be part of a team that values collaboration, strategic thinking, and continuous improvement.

As the Sr. Director-Inventory Management, you will:

• Lead inventory optimization and execution across Medtronic, including all Operating Units (OUs), regions, and manufacturing locations for finished goods, field inventory, raw materials, and WIP.
• Lead waste (SOGL) reduction execution across Medtronic, including all Operating Units (OUs), regions, and manufacturing locations.
• Define and deploy standard processes, technology, KPIs, and methodology for proactive inventory management.
• Define standard processes for proactive Field (consignment and trunk stock) inventory management and partner with Order Operations and Operating Units to deploy.
• Partner with Operating Unit (OU) Integrated Business Planning (IBP) leaders to support business decisions and drive improved inventory performance.
• Ensure effective collaboration with finance on targets, Annual Operating Plan (AOP), reporting for OU's, and Operations.
• Oversee the monthly safety stock review process within Blue Yonder.
• Standard use of Multi Echelon Inventory Management (MEIO) across Medtronic for end-to-end supply chain inventory management for Operating Units, Regions, Manufacturing sites, Contract Management, and Suppliers.
• Lead global design of Inventory Management Processes, including Finished Goods, Raw Materials, WIP, and Field Inventory.
• Design process to define optimal inventory and support OUs, Regions, and Manufacturing Locations in achieving or overdelivering on those targets.
• Design and deploy standardized key metrics and analytical insights to drive proactive inventory management and consistent year-on-year improved performance.
• Develop and improve training materials and knowledge management approaches to enable best-in-class inventory management across multiple functions.
• Develop talent strategies and mentor, lead, and coach management teams to support strategic objectives.

Must Have:

• Bachelor's degree and minimum of 15 years of relevant supply chain experience with 10+ years of managerial experience, or advanced degree with a minimum of 13 years prior relevant supply chain experience, including 10+ years of managerial experience.

Nice to Have:

• Proven ability to lead cross-department project teams and manage across multiple functions.
• Strong business acumen
• Experience in a structured business process (e.g. SIOP, S&OP, IBP) strongly preferred
• Experience strategizing and implementing inventory management processes within a large organization
• Proven ability to interact and effectively communicate with Executive management and all levels of the organization
• Proven experience in process definition and implementation
• Global change management experience across geography, functions, and organization levels.
• Experience with an ERP system and Advanced Planning systems such as Blue Yonder
• Strong interpersonal and influencing skills, with the ability to build credible relationships with multiple functions.
• 10 plus years of proven success leading a team of individuals in a fast-paced, demanding environment
• Experience in a fast-paced work environment, balancing multiple priorities and deadlines
• Proven capability to drive results.

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.

The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.

Benefits & Compensation

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.

Salary ranges for U.S (excl. PR) locations (USD):$205,600.00 - $308,400.00

This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).

This position is eligible for an annual long-term incentive plan.

The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification/education, market conditions, and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).

The following benefits and additional compensation are available to those regular employees who work 20+ hours per week: 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 , and Simple Steps (global well-being program).

The following benefits and additional compensation are available to all regular employees: 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) , and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).

Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.

Further details are available at the link below:

Medtronic benefits and compensation plans

About Medtronic

We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission - to alleviate pain, restore health, and extend life - unites a global team of 95,000+ passionate people.
We are engineers at heart- putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.

Learn more about our business, mission, and our commitment to diversity here .

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.

If you are applying to perform work for Medtronic, Inc. ("Medtronic") in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.