Regal Rexnord
Position: Inventory Optimization Analyst
Location: Milwaukee, WI
Remote Type: Hybrid - 3 days in office / 2 days remote
Reports To: Senior Manager, Supply Management
Position Summary:
The Inventory Optimization Analyst is responsible for analyzing, modeling, and improving inventory management processes to ensure optimal stock levels across the supply chain. This role involves working closely with cross-functional teams to identify inefficiencies, forecast demand, and implement strategies to reduce costs while maintaining service levels. Responsibilities Analyze current inventory levels and turnover rates to identify opportunities for optimization. Help in implementing inventory optimization strategies to minimize excess stock, reduce costs, and improve Inventory Health. Support the seamless interaction of purchasing and materials management to resolve gaps between supply capabilities and production plans. Process audit of safety stock, reorder point, lead times, and lot size to ensure timely update of the system. Execute and adjust inventory parameters such as reorder points, safety stock levels, lot size, and lead times in each ERP system. Perform root cause analysis on inventory discrepancies, stockouts, and overstock situations, providing actionable recommendations for improvement that directly impact Inventory Health. Generate and analyze reports on inventory performance, including key metrics such as DIO, ITO, and carrying costs. Develop and maintain relationships with key stakeholders to ensure alignment on inventory goals and performance targets. Identify continuous improvement opportunities and strategies for inventory management in accordance with Regal Rexnord's goals and compliance requirements, including same-day shipping, delivery expectations, seasonal variations, and customer experience.
Qualifications
Bachelors degree in business, accounting, finance, or related Supply Chain field. 5-7 years of experience in Materials Management utilizing SAP; experience with Oracle and other ERP systems is a plus. Previous experience working for a manufacturing company. Experience with deep financial analytics using large data sets and reporting tools. Proficiency with tools such as Microsoft Project, Office, SharePoint, ERP (SAP/Oracle), Planning Tools (Demantra), and Analytical Dashboards (Power BI). Knowledge of lean tools and a mindset focused on continuous improvement.
Travel: Up to 35% domestic and international travel required.
Salary:
Expected Salary Range: $80,000-90,000 The salary range reflects the company's base pay across all U.S. locations and depends on factors such as worksite location, skills, experience, education, and internal comparisons. Sponsorship:
Candidates must be eligible to work in the U.S. without company sponsorship. Benefits
Medical, Dental, Vision, and Prescription Drug Coverage Spending accounts (HSA, FSA) Paid Time Off and Holidays 401k with matching contributions Life and AD&D Insurance Paid Leaves Tuition Assistance
About Regal Rexnord
Regal Rexnord is a global industrial manufacturer with a diverse portfolio that includes electric motors, power transmission components, and automation solutions. With a focus on sustainable solutions, the company serves various markets such as factory automation, aerospace, medical, and energy. Equal Employment Opportunity Statement
Regal Rexnord is an Equal Opportunity Employer committed to diversity and inclusion. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, veteran status, or other protected characteristics. For accommodations or more information, contact Recruiting@RegalRexnord.com. Note: We do not accept unsolicited resumes from third-party recruiters without a signed agreement. #J-18808-Ljbffr
The Inventory Optimization Analyst is responsible for analyzing, modeling, and improving inventory management processes to ensure optimal stock levels across the supply chain. This role involves working closely with cross-functional teams to identify inefficiencies, forecast demand, and implement strategies to reduce costs while maintaining service levels. Responsibilities Analyze current inventory levels and turnover rates to identify opportunities for optimization. Help in implementing inventory optimization strategies to minimize excess stock, reduce costs, and improve Inventory Health. Support the seamless interaction of purchasing and materials management to resolve gaps between supply capabilities and production plans. Process audit of safety stock, reorder point, lead times, and lot size to ensure timely update of the system. Execute and adjust inventory parameters such as reorder points, safety stock levels, lot size, and lead times in each ERP system. Perform root cause analysis on inventory discrepancies, stockouts, and overstock situations, providing actionable recommendations for improvement that directly impact Inventory Health. Generate and analyze reports on inventory performance, including key metrics such as DIO, ITO, and carrying costs. Develop and maintain relationships with key stakeholders to ensure alignment on inventory goals and performance targets. Identify continuous improvement opportunities and strategies for inventory management in accordance with Regal Rexnord's goals and compliance requirements, including same-day shipping, delivery expectations, seasonal variations, and customer experience.
Qualifications
Bachelors degree in business, accounting, finance, or related Supply Chain field. 5-7 years of experience in Materials Management utilizing SAP; experience with Oracle and other ERP systems is a plus. Previous experience working for a manufacturing company. Experience with deep financial analytics using large data sets and reporting tools. Proficiency with tools such as Microsoft Project, Office, SharePoint, ERP (SAP/Oracle), Planning Tools (Demantra), and Analytical Dashboards (Power BI). Knowledge of lean tools and a mindset focused on continuous improvement.
Travel: Up to 35% domestic and international travel required.
Salary:
Expected Salary Range: $80,000-90,000 The salary range reflects the company's base pay across all U.S. locations and depends on factors such as worksite location, skills, experience, education, and internal comparisons. Sponsorship:
Candidates must be eligible to work in the U.S. without company sponsorship. Benefits
Medical, Dental, Vision, and Prescription Drug Coverage Spending accounts (HSA, FSA) Paid Time Off and Holidays 401k with matching contributions Life and AD&D Insurance Paid Leaves Tuition Assistance
About Regal Rexnord
Regal Rexnord is a global industrial manufacturer with a diverse portfolio that includes electric motors, power transmission components, and automation solutions. With a focus on sustainable solutions, the company serves various markets such as factory automation, aerospace, medical, and energy. Equal Employment Opportunity Statement
Regal Rexnord is an Equal Opportunity Employer committed to diversity and inclusion. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, veteran status, or other protected characteristics. For accommodations or more information, contact Recruiting@RegalRexnord.com. Note: We do not accept unsolicited resumes from third-party recruiters without a signed agreement. #J-18808-Ljbffr