Inventory Analyst at Fresenius Kabi in Toronto, Ontario, CA

As a global healthcare company, Fresenius Kabi is Committed to Life. The company’s products, technologies, and services are used for the therapy and care of critically and chronically ill patients. With more than 41,000 employees and presence in over 100 countries, Fresenius Kabi’s expansive product portfolio focuses on providing access to high-quality and lifesaving medicines and technologies. WHAT WE OFFER! At Fresenius Kabi Canada we foster a collaborative environment where employees are encouraged to share ideas and contribute to meaningful work. We offer unique learning opportunities to grow and build your career. In addition, we value each and every contributor and offer various benefits and rewards (as applicable) including: Company paid health and dental benefits that start on your first day of employment Company matched RRSP program Generous vacation plan with one extra day accrual for each year of service Paid float days and paid sick days Employee assistance program Casual office dress code Employee recognition program Perkopolis & Goodlife Discounts Professional growth and development opportunities We are currently seeking a full-time Inventory Analyst to join our team! The pay range for this role is: $75,000 - $82,000 This position is an existing vacancy within the organization. MAIN RESPONSIBILITIES Ensures the accuracy of the SAP perpetual inventory system and keeping it in balance with the systems of the company’s third party logistics (3PL) partners. Manages the stock levels at Accuristix Brampton location and McKesson Distribution Partners (MDP) regional distribution centers by reviewing forecast accuracy data and adjusting inventory levels accordingly. Ensures optimal stock levels are maintained across all locations for products under all business units. Reviews, maintains and adjusts APO forecast in conjunction with business needs and market trends. Manages an effective, ongoing cycle counting and an annual full inventory count program with the 3PL partners. Reviews business plans and utilizes modeling techniques to set inventory levels; determines the impact of inventory control issues on service levels. Identifies trends and opportunities, assesses risks and makes recommendations in order to develop inventory related contingency plans. Establishes the policies and procedures necessary to ensure that inventory performance targets are achieved. Works closely with various internal functions (Customer Service, Marketing, QA) to ensure items are in stock at all locations. Reduces inventory holding and scrap/write off costs by implementing control procedures and maintaining policies/procedures to manage the flow of inventory. Manages monthly and quarterly KPIs as determined by the company ISO procedures or by the department’s internal measures. Identifies and reconciles out of balance items, determines causes for discrepancies and adjusts stock accordingly in SAP. Works independently in order to develop strategies to ensure proper levels of inventory as well as accurate forecast. Makes professional judgements based on industry standards and best practices. Ensures timely communication of complaints to the Quality department and Adverse Drug reactions to the Vigilance department as per Standard Operating Procedures. QUALIFICATIONS Minimum college diploma in Business Operations or equivalent experience. Enrollment in a professional designation program (i.e. APICS or SCMA) is an asset. Two to four years of experience in an inventory management or accounting environment required. Prior experience in the healthcare or pharmaceutical industry is preferred. Working knowledge of ERP systems such as SAP (MM, SD, WM, APO) required. Flexible and adaptable to fulfill business needs. MORE ABOUT US! As ONE team, the companies in the Fresenius Group are committed to providing lifesaving and life-changing healthcare solutions on a global scale. In Biopharma, Fresenius Kabi offers cutting-edge biosimilars for autoimmune diseases and oncology. With leading market positions in Clinical Nutrition, a broad portfolio of enteral and parenteral products makes a distinct difference in patients’ nutritional status. In MedTech, the company provides vital infusion pumps, cell and gene therapy devices, disposables, and more. Fresenius Kabi is the global leader in supplying blood collection bags and devices, supporting blood banks and healthcare facilities worldwide. The company’s I.V. Generics and Fluids for infusion therapy help save millions of lives every year, in emergency medicine, surgery, oncology, and intensive care. Fresenius Kabi takes a holistic approach to healthcare and uniquely combines experience, expertise, innovation, and dedication – making a difference in the lives of almost 450 million patients annually. Inclusion and Equal Opportunity Employment At Fresenius Kabi Canada, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities. We are an equal opportunity employer. In accordance with the Accessibility for Ontarians with Disabilities Act, 2005 and the Ontario Human Rights Code, we are committed to providing accommodations and will work with candidates to meet their needs and provide an accessible candidate experience. If you are a person with a disability and require assistance during the application process, please let us know (hrcanada@fresenius-kabi.com). We welcome members of all backgrounds, experiences and perspectives to apply. Artificial Intelligence (AI) Use in Recruitment: Fresenius Kabi uses AI-supported tools to help compare applicant résumés with job requirements and identify potential matches. These tools do not make hiring decisions. All candidate reviews, selections, and decisions are made by our recruitment team.