Director, Inventory Excellence

Bristol Myers Squibb

10d ago

Job
Full-time
Expert Level
Logistics
Research & Development
New Brunswick

AI generated summary

You need a B.S./B.A. in supply chain, management, or engineering, 10+ years in supply chain, leadership in transformation, and certifications in supply chain and operational excellence.
You will define inventory strategies, manage the team, optimize inventory processes, collaborate with stakeholders, and ensure compliance while meeting business objectives.

Requirements

Education
B.S. or BA in supply chain, management and/or engineering (biotechnology, biology, chemistry, pharmacy, engineering or related disciplines).
Advanced certification in Supply Chain Management strongly preferred (e.g. APICS CSCP/ CPIM).
Operational excellence experience (Green/Black belt or equivalent) preferred.
Experience
10+ years of experience in Supply Chain Management
Track record of leading transformational projects with high performing teams with cross functional teams
Experience with Inventory Management/ Inventory Excellence highly desired.
Lean/ Six Sigma certification highly desired.
Good understanding and exposure to current Good Manufacturing Practices (cGMP), Food and Drug Administration (FDA) and other regulatory requirements.
Exposure and experience in Biotech/ Pharmaceutical manufacturing processes, principles and practices.
Additional professional and personal requirements include
Business Acumen & Enterprise Mindset Has a strong understanding of the key business drivers of the industry/organization. Persuades others with fact-based judgments of the business situation. Understands the big picture, beyond their own functional area. Leads within the broader internal and external network and seeks to have impact on organization-wide performance. Embraces complexity but strives for simplicity. Shares resources and makes difficult trade-offs to benefit the organization at large.
Building Relationships & Influencing Establishes credibility and earns respect with a diverse set of internal and external cross functional stakeholders. Is articulate and makes arguments in a clear and compelling manner.
Operational Excellence mindset Embraces operational excellence and can lead global teams towards transformational changes.
Problem solving skills Effectively structures business problems; leverages data (qualitative and quantitative) to identify insights and inform recommendations; leverages key matrix partners. Conveys a sense of urgency and drives issues to closure.
Change Agility Creates a vision for the future by spotting strategic opportunities for breakthrough performance. Translates the case for change into actionable plans for the organization. Demonstrates smart risk-taking and personal resilience when implementing change. Enables others to navigate change with confidence and in sustainable ways.

Responsibilities

Defines and articulates the role of the inventory excellence team within GSC, GPS, and BMS.
Works with key stakeholders to understand business needs and to align on what the inventory excellence team will contribute towards the realization of these business goals.
Sets near- and long-term strategy and goals for the inventory excellence team and identifies capabilities and resources required to meet these commitments.
Manages and develops the members of the inventory management team. Establishes expectations for the team and its members. Solicits developmental feedback from key stakeholders and provides coaching to individual team members.
Applies a combination of business knowledge and supply chain techniques to develop different analytics and modelling methods of establishing inventory targets and optimizing inventories.
Is accountable for the identification, definition, implementation, and sustainability of new processes and, as required, technologies required to meet business objectives and support optimization of inventories.
Ensures alignment of inventory management processes and technologies with other key business objectives.
Leads company wide effort to optimize inventory. Accountable to identify key inventory drivers and opportunities for optimization. Enlists support from other business functions to align on and drive inventory optimization.
Accountable for developing and maintaining inventory targets across the supply network (internal nodes and CMOs); to meet brand specific risk mitigation and service level goals; and to meet companywide inventory objectives.
Aligns with management on assumptions and frames discussion on the different options and risks.
Partnering with business leaders, understands key business objectives for priority and key established brand.
Accountable for the execution of inventory management processes including inventory budget and projections, inventory reporting, business continuity inventory assessment, and finished goods safety stocks.
Works with key stakeholders to ensure deliverables continue to be relevant and aligned with business needs.
Establishes expectations with business leaders of key processes, supporting the execution of inventory management functions. This includes Information Technology, Business Information and Analytics, Global Data Management, Global Supply Planning, Customer Partnership & Supply Orchestration, Global Delivery Solutions, Commercial, and Finance. Escalates any issues impacting execution.
In conjunction with the rest of the GSC functional teams and GPS partners, ensure policies and procedures are in place which meet compliance requirements

FAQs

What is the main purpose of the Director, Inventory Excellence role?

The main purpose of the role is to lead companywide efforts to optimize inventory, develop inventory targets, and ensure supply to patients and supporting supply chains.

What are the key responsibilities of the Director, Inventory Excellence?

Key responsibilities include defining the role of the inventory excellence team, setting strategies and goals, managing the inventory management team, developing analytics for inventory targets, ensuring alignment with business objectives, and executing inventory management processes.

What educational qualifications are required for this position?

A B.S. or BA in supply chain, management, engineering, or related disciplines is required. Advanced certification in Supply Chain Management is strongly preferred.

How many years of experience are needed for this role?

A minimum of 10 years of experience in Supply Chain Management is required.

Is experience with Inventory Management important for this position?

Yes, experience with Inventory Management/Inventory Excellence is highly desired.

What kind of work environment does Bristol Myers Squibb promote?

Bristol Myers Squibb promotes a work environment that balances flexibility and competitiveness, allowing employees to pursue both professional and personal goals.

Will I be managing a team in this role?

Yes, the Director will manage and develop members of the inventory management team and establish expectations for their performance.

What skills are essential for success in this role?

Essential skills include business acumen, building relationships, operational excellence mindset, problem-solving abilities, and change agility.

What does the role entail regarding collaboration within the organization?

The role involves partnering with business leaders and stakeholders to align inventory management processes with overall business goals and ensuring deliverables meet business needs.

Are certifications like Lean or Six Sigma necessary for this job?

While not mandatory, Lean/Six Sigma certification is highly desired for this role.

Bristol Myers Squibb

Manufacturing & Electronics

Industry

10,001+

Employees

Mission & Purpose

At Bristol Myers Squibb, we work every day to transform patients’ lives through science. That work inspires some of the most interesting, meaningful, and life-changing careers you’ll experience. Join us and pursue innovative ideas alongside some of the brightest minds in biopharma, collaborating with a team rich in diversity of experiences, and perspectives. We have built a sustainable pipeline of potential therapies and are leveraging translational medicine and data analytics to understand how we can deliver the right medicine to the right patient, at the right time, to achieve the best outcome. Whether in a scientific, business or supporting function, a career at BMS means you’ll be inspired every day to grow and thrive through opportunities that are uncommon in scale and scope. Here, you’ll be on the cutting edge of powerful innovation in oncology, hematology, immunology, cardiovascular disease, and fibrosis, with colleagues united in the mission to help patients. Through the Bristol Myers Squibb Foundation, we also promote health equity and seek to improve health outcomes of populations disproportionately affected by serious diseases and conditions. Our mission is to give new hope to help patients prevail over serious disease – it drives everything we do.