Inventory Optimization Analyst
Role Overview
Partners with Sales, Product Management, Demand Planning, and Supply Planning to support inventory stocking strategies across the distribution network.
Uses data analysis and inventory-planning expertise to maintain suitable inventory levels, improve product availability, and support business and working-capital objectives.
Key Skills for This Role
Full Job Posting
About Lennox
Lennox provides residential and commercial heating, ventilation, air-conditioning, and refrigeration solutions and promotes a collaborative, sustainable workplace.
Role overview
Partners with Sales, Product Management, Demand Planning, and Supply Planning to support inventory stocking strategies across the distribution network.
Uses data analysis and inventory-planning expertise to maintain suitable inventory levels, improve product availability, and support business and working-capital objectives.
Responsibilities
- Apply statistical analysis, data insights, and business knowledge to optimize inventory parameters and improve performance.
- Develop and maintain assortment strategies to ensure products are available in the right locations.
- Set performance standards, metrics, and reporting to track results against business objectives.
- Work with Supply and Demand Planning teams to maintain and optimize parameters used in planning and execution systems.
- Align assortment, service-level, and working-capital objectives with cross-functional stakeholders.
- Identify improvements that reduce excess and obsolete inventory and optimize working capital while maintaining product availability.
- Prepare inventory analyses and insights to support planning and business decisions.
Qualifications
- 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; a master’s degree is preferred.
- Strong business acumen and understanding of inventory optimization, supply chain best practices, and inventory planning.
- Ability to analyze large datasets using appropriate statistical and analytical methods and understand inventory effects on sales, costs, working capital, and performance.
- Strong problem-solving, decision-making, continuous improvement, communication, and cross-functional collaboration skills.
- Proficiency in Microsoft Office, particularly Excel, Word, PowerPoint, and Access; working knowledge of SAP ECC.
- Experience with SAP APO or similar planning systems, SO99, i2, Manugistics, SPSS, or Minitab is preferred.
- Understanding of multi-echelon inventory optimization and lot-size optimization models, including evaluating results and recommending improvements.
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