Sr. Inventory Analyst
General Summary
Drive strategy and delivery of allocation and inventory plans to maximize sales, profit, and GMROI. Optimize inventory investment to achieve service level goals.
Pay Class and Pay
Full Time
$62,671.63 - $83,562.17 Annual Salary
Essential Functions
Develop strategies and actionable plans to optimize inventory management in multiple locations, ensuring inventory costs and service levels are balanced to meet goals set by Merchandising leadership.
Forecast supply and demand of VSP network brand locations; aligns demand with resources to optimize supply chain, resulting in reduced costs and high customer satisfaction
Lead and oversee inventory management functions at multiple locations ensuring proper inventory and service levels are maintained
Provide support to management teams and provide leadership to staff through direction, example, and coaching, to accomplish business goals
Maintain effective communications within the business unit, throughout the supply chain, and externally where appropriate
Partner with multiple stakeholders including Merchants, Distribution Center/Central Labs, and Operations partners to shape and strengthen inventory functions within the supply chain and to deliver sales plan and service level agreements
Manage store/SKU forecasting with input from Merchandising Planning, Merchants and Store Ops to drive sales and optimize inventory
Develop and execute allocation strategies that align forecasted demand, inventory targets, and financial objectives across the store network
Ensure accuracy of systemically transferred data through various planning systems to support demand
Pattern key markets in partnership with Operations, Merchandise Planning and Merchants to understand consumer & store needs
Execute inventory recalls for strategic store capacity changes and/or end of life lifecycle management
Ensure store/practice inventory levels are aligned to model assortment/targeted inventory levels
Maintain inventory reporting to support key KPIs while supporting sales and maximizing productivity of working capital
Support the roll out of merchandise system(s) to ensure a smooth transition, specifically related to replenishment
Provide SKU level analytics and insights in partnership with Merchandising Planning and Merchants to drive sales and optimize inventory
Make independent planning recommendations and escalate risks or tradeoffs related to demand, inventory, or service level performance as needed.
Job Specifications
Typically has the following skills or abilities:
Bachelor’s degree in Business or related field, or equivalent experience
4+ years of progressively responsible experience in a material management role within a manufacturing environment
Demonstrated ophthalmic industry acumen and current knowledge of products, market trends and conditions desired
In-depth knowledge of forecasting/inventory tools and processes desired
Ability to work in a cross-functional environment and contribute to business process optimization
Proven analytical and problem-solving skills
Excellent verbal and written communication skills
Ability to regularly exercise discretion and independent judgment in performance of job duties
Working Conditions
The working environment is generally favorable, lighting and temperature are adequate and there are no hazardous or unpleasant conditions caused by noise, dust, etc.
The above information on this description had been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job grade.
Drive strategy and delivery of allocation and inventory plans to maximize sales, profit, and GMROI. Optimize inventory investment to achieve service level goals.
Pay Class and Pay
Full Time
$62,671.63 - $83,562.17 Annual Salary
Essential Functions
Develop strategies and actionable plans to optimize inventory management in multiple locations, ensuring inventory costs and service levels are balanced to meet goals set by Merchandising leadership.
Forecast supply and demand of VSP network brand locations; aligns demand with resources to optimize supply chain, resulting in reduced costs and high customer satisfaction
Lead and oversee inventory management functions at multiple locations ensuring proper inventory and service levels are maintained
Provide support to management teams and provide leadership to staff through direction, example, and coaching, to accomplish business goals
Maintain effective communications within the business unit, throughout the supply chain, and externally where appropriate
Partner with multiple stakeholders including Merchants, Distribution Center/Central Labs, and Operations partners to shape and strengthen inventory functions within the supply chain and to deliver sales plan and service level agreements
Manage store/SKU forecasting with input from Merchandising Planning, Merchants and Store Ops to drive sales and optimize inventory
Develop and execute allocation strategies that align forecasted demand, inventory targets, and financial objectives across the store network
Ensure accuracy of systemically transferred data through various planning systems to support demand
Pattern key markets in partnership with Operations, Merchandise Planning and Merchants to understand consumer & store needs
Execute inventory recalls for strategic store capacity changes and/or end of life lifecycle management
Ensure store/practice inventory levels are aligned to model assortment/targeted inventory levels
Maintain inventory reporting to support key KPIs while supporting sales and maximizing productivity of working capital
Support the roll out of merchandise system(s) to ensure a smooth transition, specifically related to replenishment
Provide SKU level analytics and insights in partnership with Merchandising Planning and Merchants to drive sales and optimize inventory
Make independent planning recommendations and escalate risks or tradeoffs related to demand, inventory, or service level performance as needed.
Job Specifications
Typically has the following skills or abilities:
Bachelor’s degree in Business or related field, or equivalent experience
4+ years of progressively responsible experience in a material management role within a manufacturing environment
Demonstrated ophthalmic industry acumen and current knowledge of products, market trends and conditions desired
In-depth knowledge of forecasting/inventory tools and processes desired
Ability to work in a cross-functional environment and contribute to business process optimization
Proven analytical and problem-solving skills
Excellent verbal and written communication skills
Ability to regularly exercise discretion and independent judgment in performance of job duties
Working Conditions
The working environment is generally favorable, lighting and temperature are adequate and there are no hazardous or unpleasant conditions caused by noise, dust, etc.
The above information on this description had been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job grade.