Inventory Optimization Analyst

Lennox; Richardson (TX); On-site; USD 77,000 - 92,000; Full time

Benefits offered by this job

Tuition reimbursement

Health insurance

401(k) retirement plan

Disability insurance

Birthing leave (8 weeks)

Paid time off

Job summary

Lennox is seeking an Inventory Optimization Analyst in Richardson, TX, to partner with Sales, Product Management, Demand Planning, and Supply Planning teams. You will leverage data insights to optimize inventory levels, improve product availability, and support working capital goals across the distribution network.

Requirements include a Bachelor’s in a related field and 2+ years of experience; master’s degree preferred.

Qualifications

• Bachelor’s degree in Supply Chain, Business, Finance, Analytics, or related field; equivalent education/experience may be considered.
• At least 2 years of relevant experience; master’s degree preferred.
• Strong understanding of inventory optimization and supply chain best practices.
• Ability to analyze large data sets using statistical methods.

Responsibilities

• Apply advanced statistical analysis to optimize inventory parameters and performance.
• Develop inventory assortment strategies for right products in right locations.
• Establish metrics and reporting to monitor inventory results.
• Collaborate with Supply and Demand Planning to optimize key parameters.
• Communicate inventory objectives with cross‑functional stakeholders.
• Identify opportunities to reduce excess/inventory and improve working capital.
• Prepare inventory analyses to support planning and business decisions.

Skills

Data analysis

Inventory optimization

Cross-functional collaboration

Excel

SAP ECC

Statistical methods

Problem solving

Communication

Education

Bachelor’s degree in Supply Chain/Business/Analytics

Tools

SAP APO

SO99

i2

Manugistics

SPSS

Minitab

Job description

What Drives Success

As an Inventory Optimization Analyst, you will partner with Sales, Product Management, Demand Planning, and Supply Planning teams to support inventory stocking strategies across the distribution network. Leveraging data analysis and inventory planning expertise, you will help maintain optimal inventory levels, improve product availability, and support business and working capital objectives through actionable insights and continuous improvement.

Key Responsibilities

• Apply advanced statistical analysis, data insights, and business knowledge to optimize inventory parameters and improve inventory performance.
• Develop and maintain inventory assortment strategies to ensure the right products are available in the right locations.
• Establish performance standards, metrics, and reporting to monitor inventory results against business objectives.
• Work closely with Supply and Demand Planning teams to maintain and optimize key inventory parameters that drive planning and execution systems.
• Support the communication and alignment of inventory assortment, service level, and working capital objectives with cross-functional stakeholders
• Identify opportunities to improve inventory efficiency, reduce excess and obsolete inventory, and optimize working capital while maintaining appropriate product availability.
• Prepare inventory analyses and provide insights to support inventory planning and business decisions

What We Are Looking For

• Bachelor’s degree in Supply Chain, Business, Finance, Analytics, or a related field; equivalent education and experience may be considered.
• At least 2 years of relevant experience; master’s degree preferred.
• Strong business acumen and understanding of inventory optimization and supply chain best practices.
• Ability to analyze large data sets and apply appropriate statistical and analytical methods.
• Understanding of how inventory decisions impact sales, working capital, costs, and inventory performance.
• Strong knowledge of Supply Chain Management principles and inventory planning.
• Excellent problem-solving, decision-making, and continuous improvement skills.
• Strong interpersonal, communication, and cross‑functional collaboration skills.
• Ability to effectively coordinate and work within a team environment.
• Proficiency in Microsoft Office, particularly Excel, Word, PowerPoint, and Access.
• Working knowledge of SAP ECC; experience with SAP APO or similar planning systems preferred.
• Experience with inventory optimization tools such as SO99, i2, Manugistics, or similar platforms preferred.
• Familiarity with statistical analysis tools such as SPSS, Minitab, or similar software.Understanding of multi‑echelon inventory optimization and ability to analyze optimization results and recommend adjustments.
• Understanding of lot‑size optimization models and ability to evaluate results and recommend improvements.

What We Offer

Compensation: This is a salaried exempt role. The starting salary range for this role and market is between $77,400 - 92,400 annually. Factors that may affect starting salary include geography/market and the skills, education, experience, and other qualifications of the successful candidate. Employees in this role are also eligible for an annual bonus in accordance with the terms of the Company’s applicable plan. Employees in this role are not eligible for overtime.

Benefits: Subject to applicable eligibility requirements, the following benefits are offered for this role: tuition reimbursement; medical, dental, and vision insurance; prescription drug coverage; 401(k) retirement plan; short-term disability insurance; 8 weeks paid birthing leave; 2 weeks paid bonding leave; life and long‑term disability insurance.

Depending on date of hire, and subject to applicable eligibility requirements, new employees in this role also receive up to: 12 days paid time off, 2 paid well‑being days, 1 paid volunteer day, 12 paid holidays, and 3 floating holidays per year.

Our Culture

At Lennox, our Core Values of Integrity, Respect & Excellence are ingrained in the fabric of the organization. They define our culture – which is about how we do business and how we treat others. Lennox is not just a workplace; we are a global community that values each team member’s contributions. As an equal opportunity employer, we are committed to recruit, develop, and retain talented individuals from a wide range of backgrounds, ensuring that everyone has the opportunity to succeed and contribute to our continued growth and success. At Lennox, you’ll take pride in our brands, knowing you are part of something special.

Come, stay, and grow with us!

Who We Are

Lennox (NYSE: LII)

Driven by 130 years of legacy, HVAC and refrigeration success, Lennox provides our residential and commercial customers with industry‑leading climate‑control solutions. At Lennox, we win as a team, aiming for excellence and delivering innovative, sustainable products and services. Our culture guides us and creates a workplace where all employees feel heard and welcomed. Lennox is a global community that values each team member’s contributions and offers a supportive environment for career development. Come, stay, and grow with us.