Inventory Optimization Analyst
Inventory Optimization Analyst
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$ 80000 - 90000
1 Vacancy
Job Description
Position: Inventory Optimization Analyst
Location: Milwaukee WI
Remote Type: Hybrid 3 days in office / 2 days remote
Reports To: Senior Manager Supply Management
Position Summary: 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 crossfunctional teams to identify inefficiencies forecast demand and implement strategies to reduce costs while maintaining service levels.
Responsibilities
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.
Process audit of safety stock reorder point lead times and lot size to ensure timely update of the system.
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.
Identifies continuous improvement opportunities and strategies for inventory management in accordance with the goals and compliance requirements of Regal Rexnord Sales Offices (same day shipping delivery expectations seasonal variations and best customer experience).
Qualifications
Bachelors degree in business accounting finance or related Supply Chain.
57 yearsExperience 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
Salary:
Expected Salary Range: $
The salary range provided is intended to display the value of the companys base pay compensation for all statewide locations across the United States. Salary is dependent on a multitude of factors including but not limited to the physical worksite location candidates skill set level of experience education and internal peer compensation comparisons.
Sponsorship:
Candidates must be eligible to work in the United States without requiring company sponsorship to obtain or keep U.S. work authorization.
#LIHybrid #LIAB1
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
About Regal Rexnord
Regal Rexnord is a $6.5B publicly held global industrial manufacturer with 30000 associates around the world who help create a better tomorrow by providing sustainable solutions that power transmit and control motion. The Companys electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Companys automation offering comprised of controls actuators drives and precision motors controls motion in applications ranging from factory automation to precision control in surgical tools.
The Companys end markets benefit from meaningful secular demand tailwinds and include factory automation food & beverage aerospace medical data center warehouse alternative energy residential and commercial buildings general industrial construction metals and mining and agriculture.
Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions Power Efficiency Solutions and Automation & Motion Control. Regal Rexnord has offices and manufacturing sales and service facilities worldwide. For more information including a copy of our Sustainability Report visit .
Equal Employment Opportunity Statement
Regal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race color religion sex/gender sexual orientation gender identity pregnancy age ancestry national origin genetic information marital status citizenship status (unless required by the applicable law or government contract) disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds perspectives and skills. If youd like to view a copy of the companys affirmative action plan for protected veterans/individuals with disabilities or policy statement please email you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application please email
Required Experience:
IC
Employment Type
Full-Time
