Miao Zhu
3223 N Racine Ave, Unit 3, Chicago,IL
Overview
9
9
years of professional experience
Work History
OPERATIONS ANALYST
Medline Industries, Inc
Northfield, IL
05.2018 - Current
· Built and reviewed an MIOH report to analyze and monitor inventory levels to ensure global ordering process and methods are followed, make plans when facing factory delays and give best start dates and ramp up proposals for new businesses.
· Created production forecast and plans based on sales forecast, historical usage and product trends.
· Conducted vendor performance reviews, and internal supply chain business reviews to present results, identify areas where needed improvements and make future enhancements.
· Managed held stocks for different purposes: item conversions, vendor returns, item relabeling, etc.
· Monitored surplus inventory and provided suggestions on disposition.
ACCOUNTS PAYABLE SPECIALIST
Medline Industries, Inc
Northfield, IL
11.2014 - 04.2018
- Ensured timely reconciliation of vendor statements, composed accounting and add-hoc reports using Macros, Vlookups, and Pivot Tables, and coordinated with vendors and Medline divisions on resolving aged payables.
- Successfully took 97% of available discounts and met 100% prompt payment incentive programs from large vendors such as J&J by daily monitoring and analyzing $800K invoices in average.
- Negotiated settlements with vendors due to outstanding and aged balances as well as communicated consistent pain points, and areas of improvement.
- Regularly involved with resolving credit holds, training/coaching, and A/P discussions/decisions.
Education
Master of Science - Accountancy
DePaul University
Chicago, IL06.2014
Bachelor of Science - Accountancy
Hebei University
Baoding, Hebei, China07.2012
Skills
- Data Analysis
- Project management
- Microsoft Office Suite, SAP/AS 400, Outlook
- Organizational and logistics skills
- Strong attention to detail
Projects
- Remedy Relaunch Project 2022-2023
Successfully executed the conversion of a 200-product portfolio to a streamlined 100-product portfolio. Simultaneously oversaw the implementation of artwork changes across existing SKUs within the same timeframe. Well managed inventory to meet established conversion timelines while ensuring ample stock levels for existing SKUs, facilitating a seamless transition process. Implemented inventory management strategies to prevent mixed inventories in different artworks. Collaborated closely with product managers to identify avenues for discontinued inventories. Effectively directed contract manufacturers to deplete obsolete components, resulting in a significant reduction of Medline liabilities from $1.5M to $0.2M. Generated a substantial annual cost reduction impact of $6.5M through the successful execution of this project.
- Global ordering calendar 2020-2021
Led the creation and implementation of a sophisticated ordering calendar involving 5 vendors servicing 7 regions worldwide, encompassing the US, Canada, EU, and additional areas. This innovative calendar featured a detailed ordering guide for the current month alongside a comprehensive six-month projection. The implementation significantly facilitated vendor production planning while providing each region with precise monthly order guidance. Moreover, customized ordering frequencies were tailored to different product categories. This strategic enhancement not only boosted production efficiency but also contributed to elevating product quality across the board.
Timeline
OPERATIONS ANALYST
Medline Industries, Inc
05.2018 - Current
ACCOUNTS PAYABLE SPECIALIST
Medline Industries, Inc
11.2014 - 04.2018
Master of Science - Accountancy
DePaul University
Bachelor of Science - Accountancy
Hebei University