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Regional Inventory Optimization Analyst
3 months ago
PRIMARY RESPONSIBILITIES
- Conduct detailed segmentation analysis to categorize and evaluate inventory effectively.
- Generate and analyze cancellation reports to pinpoint and resolve inventory discrepancies.
- Maintain the NIMD - Transactional Health Scorecard to oversee and report on inventory conditions.
- Manage NIMD - Inventory Relocation initiatives to enhance inventory distribution and accessibility.
- Develop and monitor essential inventory metrics to ensure streamlined inventory management and reduced inventory levels.
- Perform Work In Progress (WIP) aging assessments to identify and address potential delays and obsolescence risks.
- Deliver monthly evaluations of inventory health, emphasizing critical issues and trends.
- Compile thorough monthly and quarterly reports focusing on inventory impacts and actions concerning raw materials (RM), finished goods (FG), work in progress (WIP), gross inventory, and net inventory.
- Facilitate multiple reduction initiatives annually to decrease working capital inventory levels.
- Support Demand-Driven Operating Model (DDOM) strategies to align inventory with organizational needs and minimize excess.
- Evaluate redeployment opportunities across various locations to optimize inventory utilization throughout the organization.
- Collaborate with cross-functional teams to execute inventory strategies and enhancements.
- Assist in various activities aimed at reducing working capital inventory, ensuring alignment with broader business objectives.
- Travel as necessary.
- Ensure compliance with all company policies regarding purchasing, health & safety, quality standards, and housekeeping.
- Take full responsibility for achieving all relevant Key Performance Indicators (KPIs).
- Perform any additional duties as required that align with the job's responsibilities.
- Bachelor's degree in a quantitative discipline such as Statistics, Mathematics, Computer Science, or related fields.
- 5+ years of relevant experience preferred in lieu of degree.
- Experience in coordinating and managing projects related to inventory oversight and data accuracy.
- Experience in managing inventory relocation and optimizing distribution processes.
- Experience in conducting WIP aging evaluations and inventory health assessments.
- Advanced knowledge of ERP Systems.
- Proficient in Microsoft Office Suite, particularly Excel and PowerPoint.
- Familiarity with data visualization tools such as PowerBI, Tableau, Incorta, Cognos in an administrative role.
- Expertise in segmentation analysis and producing detailed reports.
- Proficient in preparing and presenting comprehensive monthly and quarterly inventory reports.
- Proficiency in inventory management software and tools.
- Expertise in Microsoft Excel and other relevant data analysis applications.
- Strong analytical skills to identify and resolve inventory-related challenges.
- Excellent organizational and time management skills. Self-driven.
- Ability to work under pressure to meet deadlines.
- Attention to detail and a commitment to excellence.
- Capability to facilitate inventory reduction initiatives and support DDOM strategies.
- Willingness to provide colleagues with necessary information to assist in their tasks and eliminate obstacles.
- Aptitude for managing multiple priorities and projects simultaneously.
- Exceptional interpersonal and communication skills.
- Strong verbal and written communication abilities.
- Ability to collaborate effectively with cross-functional teams and various locations.
- Professional demeanor when representing the company in person and in writing.
- Ability to meet or exceed departmental standards.
- Flexibility to adapt and be cross-trained in all job responsibilities.
- Willingness to travel 10-20% of the time.