Staff Analyst, Inventory Optimization
About The Position
The Staff Analyst, Inventory Optimization plays a pivotal role in developing and implementing strategies to optimize inventory levels across the service parts organization. This position is responsible for analyzing complex datasets associated with demand and supply, managing inventory parameters to ensure optimal stock availability while meeting target fill rates by location, minimizing holding costs and mitigating risks of obsolescence. The role is expected to operate with a decent degree of autonomy, lead optimization projects and contribute to process improvement. This role requires strong analytical skills, in-depth knowledge of inventory management principles, and proficiency with advanced planning tool and ERP systems.
Requirements
- Bachelor's degree in Supply Chain Management, Operations Management, Industrial Engineering, Business Administration, Statistics, Finance, or a related analytical field.
- 3-5+ years of experience in inventory management, supply chain planning, or a related analytical role.
- Proven experience in demand forecasting, inventory modeling, and statistical analysis.
- Strong proficiency with ERP systems (e.g., SAP, Oracle) and advanced planning/inventory optimization software.
- Advanced skills in Microsoft Excel (e.g., complex formulas, pivot tables, Power Query, macros).
- Experience with data visualization tools (e.g., Tableau, Power BI).
- Excellent analytical, problem-solving, and critical-thinking skills.
- Strong written and verbal communication skills, with the ability to present complex information clearly and concisely to various audiences.
- Demonstrated ability to work independently and lead projects
Nice To Haves
- Masters preferred
Responsibilities
- Utilize statistical methods and advanced planning tool Servigistics to refine inventory parameters across the distribution network to drive optimal planning outputs and inventory performance
- Lead scenario and what-if simulations in the advanced planning tool to enable decision-centric thinking to achieve strategic business goals and improved financial performance
- Develop inventory allocation strategies around supply constrained parts to determine optimal forward deployment in the network and mitigate fill rate gaps
- Monitor inventory performance against targets, identify deviations, and conduct root cause analysis for stockouts, E&O, and forecast inaccuracies collaborating with planning teams
- Develop and maintain comprehensive dashboards and reports to provide visibility into inventory levels, trends, and potential issues for stakeholders
- Steward for governance and provide insights into performance of part groupings setup by various planning teams in the advance planning tool
- Proactively identify and champion continuous improvement initiatives for inventory planning and control processes
- Business lead to analyze, test and deploy new features and product release in collaboration with other planning teams in the advanced planning tool Servigistics
Benefits
- paid vacation
- paid sick leave
- life insurance
- medical insurance
- dental insurance
- vision insurance
- short-term disability insurance
- long-term disability insurance
- 401(k) Plan
- Employee Stock Purchase Program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
