Inventory Data Optimization Lead
1 week ago
We are seeking an experienced Inventory Data Optimization Lead to join our team at Scott Fetzer Consumer Brands. The successful candidate will be responsible for overseeing inventory accuracy, conducting data-driven insights, and enhancing operational efficiency in our warehouse operations.
About the RoleThis is a key leadership position that requires strong analytical and problem-solving skills. The Inventory Data Optimization Lead will work closely with cross-functional teams to streamline inventory processes and enhance warehouse efficiency using data insights. The ideal candidate will have a strong background in data analytics, inventory control principles, and practices, as well as experience working with inventory management software and advanced analytics tools such as SQL, Python, and R.
Key Responsibilities:- Inventory Management & Supervision:
- Oversee daily inventory control operations, ensuring inventory accuracy and adherence to warehouse management system (WMS) protocols.
- Manage inventory replenishment based on production schedules, sales forecasts, and customer demand, ensuring timely stock availability.
- Develop, implement, and manage cycle counting programs, performing physical inventory checks, reconciliations, and maintaining accuracy.
- Maintain and update the inventory database to reflect accurate stock levels and ensure proper documentation of all inventory transactions.
- Data Analytics & Reporting:
- Gather, analyze, and interpret data from WMS, databases, and other sources to uncover patterns, trends, and opportunities for improvement.
- Design and automate reporting processes to provide real-time visibility into key warehouse and inventory metrics such as stock levels, turnover rates, and accuracy.
- Perform in-depth statistical analysis to identify inefficiencies and develop actionable insights for inventory management and warehouse operations.
- Build and maintain dashboards to visualize warehouse performance metrics, providing data-driven recommendations to improve efficiency and reduce costs.
- Develop predictive models to forecast inventory needs and ensure alignment with production and demand planning.
- Use data to optimize order picking, replenishment strategies, and overall workflow within the warehouse.
- Warehouse Process Optimization:
- Collaborate with cross-functional teams to streamline inventory processes and enhance warehouse efficiency using data insights.
- Utilize advanced analytics tools such as SQL, Python, and R to automate data collection and reporting.
- Continuously monitor warehouse KPIs and recommend process changes to improve performance in areas such as space utilization, order accuracy, and stock rotation.
- Conduct root cause analysis for inventory discrepancies and implement corrective actions to prevent future issues.
- Education and Experience Requirements:
- Bachelor's Degree in Data Analytics, Operations, Management or related field; or equivalent experience.
- Supervisory experience.
- Proficient in inventory management software, Excel, Word, and Outlook.
- Ability to motivate team efforts to accomplish goals.
- Knowledge of warehousing and distribution concepts.
The estimated salary range for this position is $80,000-$110,000 per year, depending on experience.
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