Inventory Optimization Analyst

Regal Rexnord

  • Milwaukee, WI
  • $80,000-90,000 per year
  • Permanent
  • Full-time
  • 22 days ago
Position: Inventory Optimization AnalystLocation: 100% Remote - USARemote Type: 100% Remote - USAReports To: Senior Manager, Supply ManagementPosition 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.ResponsibilitiesAnalyze 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).QualificationsBachelor’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 positionSalary:Expected Salary Range: $80,000-90,000The 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-AB1Benefits
  • 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 RexnordRegal 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, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture.Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord has offices and manufacturing, sales and service facilities worldwide. For more information, including a copy of our Sustainability Report, visit RegalRexnord.com.Equal Employment Opportunity StatementRegal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex/gender, sexual orientation, gender identity, pregnancy, age, ancestry, national origin, genetic information, marital status, citizenship status (unless required by the applicable law or government contract), disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds, perspectives, and skills. If you’d like to view a copy of the company’s affirmative action plan for protected veterans/individuals with disabilities or policy statement, please email Recruiting@RegalRexnord.com. If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail Recruiting@RegalRexnord.com.Notification to Agencies: Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made.

Regal Rexnord