Inventory Optimization Analyst

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.

Requirements

• 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).

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