Inventory Optimization Analyst

Regal Rexnord•Milwaukee, WI

4d•$80,000 - $90,000•Remote

About The Position

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

Bachelor’s degree in business, accounting, finance or related Supply Chain required.
5-7 years Experience in Materials Management utilizing SAP required.
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.
Candidates must be eligible to work in the United States without requiring company sponsorship to obtain or keep U.S. work authorization.

Nice To Haves

Oracle and other ERP experience would be a plus.
Previous experience working for a manufacturing company preferred

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).