Senior Inventory Analyst (Pharmacy)

CVS Health • Woonsocket, RI

3d

About The Position

The Senior Inventory Analyst on the Pharmacy Inventory Management Store Planning team supports inventory operations across approximately 8,900 retail pharmacy locations. The team works to improve the efficiency of approximately $6 billion in standing inventory, run daily business changes, and ensure pharmacies have appropriate inventory to meet projected sales plans and customer service goals. It manages replenishment of pharmaceutical products to stores from CVS warehouses and outside vendors.

The analyst supports essential-item supply, demand and allocation management, business and process change recommendations, inventory-efficiency opportunity identification, and supply chain and logistics partners. The role helps provide service to pharmacies and patients while supporting financial efficiencies and new business opportunities. It reports to the Sr Manager of Inventory Supply Analytics.

Requirements

• At least 2 years of experience in supply chain, inventory management, or merchandising.
• At least 2 years of data analytics or statistical analysis experience using SQL, Snowflake, Python, or a similar data manipulation language.
• At least 2 years of advanced MS Excel experience.
• At least 1 year of experience working with inventory metrics and understanding how those metrics influence one another.
• At least 1 year of experience building inventory and replenishment models, simulation algorithms, or what-if tools that incorporate multiple variables to estimate downstream impacts of business changes.
• Bachelor’s degree in supply chain management, business management, or another related field, or equivalent years of experience.

Nice To Haves

• Retail or healthcare industry knowledge, including pharmacy products and pharmacy operational processes.
• Experience working with multiple data warehousing environments, preferably Snowflake and GCP.
• Knowledge of one or more data-wrangling and ETL tools.
• Experience writing and relaying detailed business requirements for IT updates or builds.
• Knowledge of inventory allocation methodologies and ladder plans for managing seasonal products.
• Experience working with CVS retail systems such as CFRx and RxConnect.
• Experience creating visualizations that clearly convey meaningful insights.
• Experience with Python, R, or similar analytical tools or languages.
• Bachelor of Arts or Bachelor of Science in supply chain management, business management, finance, accounting, or information systems preferred.

Responsibilities

• Resolve data-driven actions based on relevant information to support business changes, including product sourcing changes, supply constraints, insurance plan changes, seasonality, and new product introductions.
• Build models using Excel, SQL, Snowflake, and Python to highlight the impact of business changes and oversee mitigation efforts.
• Take corrective actions related to defined service-level gaps.
• Identify opportunities to invest in or deleverage inventory at the store level to pursue inventory-efficiency and service-optimization targets.
• Use analysis to evaluate and improve opportunities by store type, time of year, and product type.
• Use in-store and central databases to perform ad hoc analysis and fulfill partner requests.
• Support essential-item supply, demand and allocation management, business and process change recommendations, inventory-efficiency opportunity identification, and supply chain and logistics partners.

Benefits

• Medical insurance
• Dental insurance
• Vision coverage
• Paid time off
• Retirement savings options
• Wellness programs
• Other resources, based on eligibility
• Eligibility for a CVS Health bonus, commission, or short-term incentive program in addition to base pay

What This Job Offers

• Job Type: Full-time
• Career Level: Senior