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Supply Chain Analyst and Buyer

Company: Novo Surgical, Inc.
Location: Westmont
Posted on: January 17, 2022

Job Description:

The company is seeking a full-time, highly capable supply chain analyst and buyer to help manage inventory and production in accordance with rapidly scaling customer demand. The company is in a growth phase and is regularly onboarding new customers, each with a unique product mix and demand profile. Thus, demand forecasting and adjusting inventory levels and stocking programs in accordance with customer requirements is a highly dynamic process that needs a strong resource to effectively manage. The analyst will work alongside senior management and purchasing personnel to ensure new customers experience seamless deliveries of products. The analyst will engage with many stakeholders, including customers, sales representatives and production facilities. Directives for the analyst will often be high level and he/she will create and manage project plans and adhere to deadlines independently. The role will also include routine buying and regular communication with production to ensure timely delivery of product and to ensure customers are informed of product delivery.
An ideal candidate for the role should possess the following: a strong intuitive business sense, superb analytical skills and facility with data analysis, excellent oral and written communication skills, comfort with operating and decision-making with imperfect information, a strong work ethic, superb organizational and analysis planning skills, and a knack for pushing projects to completion. The analyst should have a strong grasp of advanced analytics and functions in Excel. Ideal candidate has a business, supply chain and/or purchasing background. Capable candidates who have recently completed their bachelor's degree will be considered, as well as those with a minimum of 2-4 years of experience in a related role.
Novo is small but fast-growing, and this role is designed to give a highly capable candidate a strong sense of supply chain and managing customer demand in a startup company environment. At Novo Surgical, we look for people that will thrive in this environment - one where roles aren't always well-defined, taking initiative is expected, resourcefulness is required and the collective unit is more important than individual achievement. We also are big on having fun at work and believe that happiness is the key to running a quality company. Medical device companies often have the stereotype of being large, unwieldy bureaucracies, but that is certainly not us.
Primary Duties:
- Solicit and analyze historic demand data from new customers
- Determine appropriate adjustments in inventory levels and stocking programs to meet customer requirements
- Coordinate upload of new par levels, annual usage, etc. to company software systems
- Coordinate communication with production facilities, raw material providers and other stakeholders in the supply chain
- Negotiate pricing, terms and lead times with production facilities
- Ongoing management of large scale purchasing initiatives to prepare for customer onboarding
- Routine purchasing of inventory
- Regularly look at company purchasing patterns and make adjustments based on trends
- Managing delivery dates and ensuring production facility compliance with lead times
- Assistance with receipts of products into inventory management software
- Assistance with purchasing-related quality assurance functions as dictated by the FDA
- Devise and implement a scalable supply chain management process to optimize inventory levels on an ongoing basis
- Communication with customer service and warehouse teams to ensure timely receipt and shipment of product

Required Skill Set:
- Bachelor's degree
- 2+ years of relevant experience in purchasing, analysis and/or supply chain
- Demonstrated interest in business, entrepreneurship and healthcare
- Comfort with data analytics and modeling
- Superb project and analysis planning skills
- Strong oral and written communication skills
- High degree of proficiency with advanced analysis and functions in Excel
- Experience with an ERP Program (Sage MAS preferred)
- Excellent organizational and task-management skills
- Comfort with aggressive supplier management and follow up
- Professional attitude and outlook
- Punctuality and reliability
- Detail orientation
- Innovativeness and resourcefulness
- Self-direction, independence and leadership

Compensation & Benefits:
- Full-time
- Annual performance bonus
- 50% contribution to individual or family health plans offered by company
- 10 days of paid vacation and 3 personal days; 1 additional day of paid vacation with each year of tenure, up to 5 additional days
- Role located at the company's corporate office in Westmont, IL

Company Overview:
Novo Surgical Inc. is a mid-stage medical device company aiming to disrupt the status quo in the surgical instrument space through an innovative supply chain model. The company offers a complete line of premium, operating room grade surgical instruments to physicians' offices, surgery centers, hospitals and other healthcare providers across the globe through its direct sales team, e-commerce website and distribution partners. Novo Surgical's portfolio includes more than 12,000 unique products across all specialties, from general surgery to cardiothoracic, plastic, obstetric/gynecologic, orthopedic and ophthalmologic surgery, making it a one-stop shop for surgical facilities. While the company is a small enterprise, it is scaling rapidly and expects the next couple years to be ones of rapid growth. As such, opportunities for rapid career development exist at the company.

Keywords: Novo Surgical, Inc., Chicago , Supply Chain Analyst and Buyer, Professions , Westmont, Illinois

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