Inventory Planning Analyst

What you'd do

• Leverages SAP and other systems to execute “day to day” inventory control, in order to consistently achieve fill rates while minimizing Inventory days on hand across the global supply chain.
• Identifies and prioritizes root causes of fill rate issues and excess inventory, and drives corrective actions and control mechanisms across cross-functional teams.
• Utilizes and monitors exception reports and daily analytics for all business metrics; taking appropriate and timely action to prevent stock outs, minimize DOH, and expedite delivery to fill potential backorders.
• Develops and executes inventory strategy for new SKU introductions, discontinued SKU reductions and dispositions, customer-specific inventory positions, direct import SKU sets, and seasonal inventory requirements.
• Audits product master data (e.g., UoM, vendor SKU number, case quantity) to ensure accuracy.
• Partners with Inventory Analytics and Merchandising teams to proactively identify fill rate and excess inventory issues, and execute respective corrective actions as needed.
• Partners with Demand Management to align inventory system controls (EOQ, min/max, safety stock, velocity rankings) with business objectives. Analyzes and communicates impact of proposed changes.
• Manages supplier relations and partners with supplier to address fill rate, lead time, damaged in-transit issues and supplier return process. Creates import orders based on containerization requirements.
• Collaborates with Merchandising, Sales, Marketing, Inventory, and Finance to incorporate the on-boarding of new products, retirement of old products, customer-specific inventory requirements, regulatory changes, and promotions into the demand planning process and recommendations.
• Supports and executes aged, obsolete and excess inventory reduction strategies – RTV, “fire sale”, contests, transfers, scrap, liquidation, donation, etc. Analyzes forward buys to reduce exposure to excess inventory on hand.
• Demonstrates skill in data analysis techniques by resolving missing/incomplete information and inconsistencies/anomalies in more complex research/data.
• Nature of work requires increasing independence; receives guidance only on unusual, complex problems or issues. Work review typically involves periodic review of output by a supervisor and/or direct customers of the process.

What they want

• Typically requires BS/BA in a related discipline. Generally 2-5 years of experience in a related field OR MS/MA and generally 2-4 years of experience in a related field. Certification is required in some areas.