Inventory Optimization Analyst
Regal RexnordAbout the role
Position: Inventory Optimization Analyst
Location: 100% Remote - USA
Remote Type: 100% Remote - USA
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 cross-functional 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
Bachelor’s degree in business, accounting, finance or related Supply Chain.
5-7 years Experience in Materials Management utilizing SAP required.
Oracle and other ERP experience 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: $80,000-90,000
The salary range provided is intended to display the value of the company's 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, candidate's 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.
#LI-REMOTE #LI-AB1
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 publicly held global industrial manufacturer with 30,000 associates around the world who help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company’s 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 Company’s 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 Company’s end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, reside
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