Inventory Optimization Analyst
2 days ago
Description
• The Inventory Optimization Analyst is responsible for analyzing, modeling, and improving inventory management processes to ensure optimal stock levels across the supply chain. • This role involves working closely with cross-functional teams to identify inefficiencies, forecast demand, and implement strategies to reduce costs while maintaining service levels. • Analyze current inventory levels and turnover rates to identify opportunities for optimization. • Help in implementing inventory optimization strategies to minimize excess stock, reduce costs and improve Inventory Health. • Support the seamless interaction of purchasing and materials management to resolve gaps between supply capabilities and production plans. • Execute and adjust inventory parameters such as reorder points, safety stock levels, lot size and lead times to each ERP. • Perform root cause analysis on inventory discrepancies, stockout and overstock situations, providing actionable recommendations for improvement that directly impacts the Inventory Health. • Generate and analyze reports on inventory performance, including key metrics such as DIO, ITO and carrying costs. • Develop and maintain relationships with key stakeholders to ensure alignment on inventory goals and performance goals.
Requirements
• Bachelor’s degree in business, accounting, finance or related Supply Chain. • 5-7 years Experience in Materials Management utilizing SAP required, Oracle and other ERP would be a plus. • Previous experience working for a manufacturing company. • Experience with deep financial analytics using large data sets and reporting skills desired. • Experience with tools such as Microsoft Project, Office, SharePoint, ERP. (SAP/Oracle), Planning Tools (Demantra), and Analytical Dashboards (Power BI) desired. • Knowledge of lean tools and mindset to drive for continuous improvement desired. • Travel: Up to 35% Domestic and International travel is required for this position
Benefits
• Medical, Dental, Vision and Prescription Drug Coverage • Spending accounts (HSA, Health Care FSA and Dependent Care FSA) • Paid Time Off and Holidays • 401k Retirement Plan with Matching Employer Contributions • Life and Accidental Death & Dismemberment (AD&D) Insurance • Paid Leaves • Tuition Assistance
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