Inventory Optimization Analyst

Regal Rexnord Corp; Milwaukee (WI); On-site; USD 80,000 - 90,000; Full time

Job summary

An established industry player is seeking an Inventory Optimization Analyst to enhance inventory management processes. This pivotal role requires analyzing and modeling inventory levels, collaborating with cross-functional teams, and implementing strategies to optimize stock levels while reducing costs. The ideal candidate will have a strong background in materials management, particularly with SAP, and possess excellent financial analytics skills. Join a dynamic team dedicated to continuous improvement and operational excellence in a hybrid work environment that balances in-office collaboration with remote flexibility.

Benefits

Medical Coverage

Dental Coverage

Vision Coverage

Prescription Coverage

401(k) with Matching

Tuition Assistance

Paid Time Off

Paid Leaves

Life Insurance

AD&D Insurance

Qualifications

• 5-7 years of experience in Materials Management utilizing SAP.
• Strong financial analytics skills using large data sets.
• Knowledge of lean tools and continuous improvement methodologies.

Responsibilities

• Analyze inventory levels and turnover rates for optimization.
• Implement inventory strategies to minimize excess stock.
• Support interaction between purchasing and materials management.

Skills

Materials Management

Financial Analytics

SAP

Oracle ERP

Lean Tools

Data Analysis

Education

Bachelor's Degree in Business

Bachelor's Degree in Accounting

Bachelor's Degree in Finance

Bachelor's Degree in Supply Chain

Tools

Microsoft Project

Microsoft Office

SharePoint

Demantra

Power BI

Job description

Position: Inventory Optimization Analyst

Location: Milwaukee, WI

Remote Type: Hybrid - 3 days in office / 2 days remote

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

1. Analyze current inventory levels and turnover rates to identify opportunities for optimization.
2. Assist in implementing inventory optimization strategies to minimize excess stock, reduce costs, and improve inventory health.
3. Support seamless interaction between purchasing and materials management to resolve gaps between supply capabilities and production plans.
4. Conduct process audits of safety stock, reorder points, lead times, and lot sizes to ensure timely system updates.
5. Execute and adjust inventory parameters such as reorder points, safety stock levels, lot sizes, and lead times within each ERP system.
6. Perform root cause analysis on inventory discrepancies, stockouts, and overstock situations, providing actionable recommendations for improvement that impact inventory health.
7. Generate and analyze reports on inventory performance, including metrics like DIO, ITO, and carrying costs.
8. Develop and maintain relationships with key stakeholders to align on inventory and performance goals.
9. Identify continuous improvement opportunities and strategies for inventory management, ensuring compliance with Regal Rexnord's standards and customer expectations.

Qualifications

• Bachelor's degree in business, accounting, finance, or related Supply Chain field.
• 5-7 years of experience in Materials Management utilizing SAP; experience with Oracle and other ERP systems is a plus.
• Previous experience in a manufacturing environment.
• Strong financial analytics skills using large data sets and reporting tools.
• Experience with tools such as Microsoft Project, Office, SharePoint, ERP (SAP/Oracle), Planning Tools (Demantra), and dashboards (Power BI).
• Knowledge of lean tools and continuous improvement methodologies.

Travel:

• Up to 35% domestic and international travel required.

Salary:

Expected Range: $80,000 - $90,000. Salary depends on location, skills, experience, and education.

Sponsorship:

Applicants must be eligible to work in the U.S. without company sponsorship.

#LI-Hybrid #LI-AB1

Benefits

• Medical, Dental, Vision, and Prescription coverage
• Spending accounts (HSA, FSA)
• Paid Time Off and Holidays
• 401(k) with matching
• Life and AD&D Insurance
• Paid Leaves
• Tuition Assistance

About Regal Rexnord

Regal Rexnord is a $6.5B global manufacturer with 30,000 employees, providing sustainable solutions in motion control, power transmission, and automation. Our markets include factory automation, aerospace, medical, energy, and more.

We operate in segments: Industrial Powertrain, Power Efficiency, and Automation & Motion Control, with worldwide offices and facilities.

Equal Opportunity Statement

Regal Rexnord is an Equal Opportunity Employer, committed to diversity and inclusion. Applicants can request accommodations by contacting [e-mail]. We do not accept unsolicited resumes from agencies without a contract.