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.