Inventory Management and Control Leader

Job Title

Job Description

As the Inventory Management and Control Leader at Philips, you will oversee all aspects of inventory control within the North American Integrated Warehouse and Distribution (IWD) network.

Your role will involve developing and executing strategies to optimize inventory accuracy, minimize costs, and ensure inventory levels align with demand to support the company’s broader supply chain and business goals.

The Inventory Leader works closely with warehousing, planning, transportation, finance, and 3PL partners to maintain an efficient and agile supply chain that ensures product availability while minimizing excess stock and inventory risks.

Your role:

• Developing and implementing strategies to manage inventory levels across Philips’ North American distribution centers

• Ensuring accurate inventory tracking, including regular cycle counts, audits, and reconciliations to minimize discrepancies, working closely with finance, quality, and 3PL

• Maintaining inventory accuracy standards by monitoring stock levels and collaborating with warehouse and logistics teams

• Working closely with supply chain planning teams to align inventory levels with customer demands and ensure adequate stock levels to meet production and order fulfillment needs

• Partnering with 3PL providers and internal warehouse teams to ensure efficient inventory flow from suppliers to distribution centers and customers

• Overseeing and managing 3PL performance related to inventory accuracy, quality control, and timeliness of stock movements

• Generating regular inventory reports and analyzing data to track performance indicators such as inventory turnover, stock levels, excess/obsolete inventory, and systems discrepancies

• Leading continuous improvement initiatives to optimize inventory processes and reduce costs, risks, and overall supply chain efficiency

• Implementing best practices in inventory management, leveraging automation and technology to streamline operations

• Identifying root causes of inventory issues, developing corrective action plans, and implementing preventive measures

• Monitoring inventory-related costs and identifying areas to improve cost efficiency without compromising service levels

• Ensuring alignment between inventory policies and Philips’ overall cost-saving and efficiency objectives, and working closely with 3PL and Finance

• Ensuring all inventory control processes comply with Philips’ quality standards and industry regulations

• Collaborating with quality control teams to ensure that inventory storage and handling meet product quality requirements and standards

You're the right fit if:

• You have acquired 10 years of leading experience in Inventory Management

• You have Bachelor’s/Master’s degree in Supply Chain or other relevant discipline

• You have experience with Resource Planning and Scheduling

• You have proven experience with 3PL Management and Budgeting

• You have a practical knowledge of Continuous Improvement

• You are able to perform Supply Chain Risks Analysis

• You have experience with Order Fulfillment and Shipment

• You are able to execute on Business Strategy and Supply Chain Alignment

• You have a proven track record of influencing cross-functional leaders

• You must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this position.

How we work together

We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week. Onsite roles require full-time presence in the company’s facilities. Field roles are most effectively done outside of the company’s main facilities, generally at the customers’ or suppliers’ locations.

This is an onsite position. The Inventory Management and Control Leader will be based in Nashville, TN.

About Philips

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help improve the lives of others.

• Learn more about our business.

• Discover our rich and exciting history.

• Learn more about our purpose.

• Learn more about our commitment to diversity and inclusion.

Philips Transparency Details

The pay range for this position in TN is $100,100 - $171,600.

The actual base pay offered may vary within the posted ranges depending on multiple factors including job-related knowledge/skills, experience, business needs, geographical location, and internal equity.

In addition, other compensation, such as an annual incentive bonus, sales commission or long-term incentives may be offered. Employees are eligible to participate in our comprehensive Philips Total Rewards benefits program, which includes a generous PTO, 401k (up to 7% match), HSA (with company contribution), stock purchase plan, education reimbursement and much more. Details about our benefits can be found here.

At Philips, it is not typical for an individual to be hired at or near the top end of the range for their role and compensation decisions are dependent upon the facts and circumstances of each case.

Additional Information

US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa, now or in the future.

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This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates. Interested candidates are encouraged to apply as soon as possible to ensure consideration.

Philips is an Equal Employment and Opportunity Employer/Disabled/Veteran and maintains a drug-free workplace.