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Inventory Optimization Manager

Company: Advance Auto Parts Black History Month
Location: Raleigh
Posted on: March 18, 2023

Job Description:

Job DescriptionThe Inventory Optimization Manager develops processes & reporting to support inventory initiatives and to improve the flow and movement of inventory overall.-- Reviews and evaluates analytics that illuminate customer demand and sales trends, determines how to best allocate inventory, creates plans and strategies for removing or lessening dead/dying inventory. This Manager is accountable for leading a team of Planners & Analysts.-- This team creates processes around reverse logistics, inventory transfers/movement, obsolete product remediation as well as the analytics and reporting to support the business teams, merchandising and other stakeholders.-- Ensures service levels are within specified targets and can support the sales forecasts for the company. This Manager also drives and manages processes, relationships, and working activities with Merchants, Vendors, Market Availability, Visual Merchandising, Transportation, Field Teams, Supply Chain and Distribution Centers to ensure they run smoothly.This position is part of a Hybrid work arrangement based in Raleigh, NCESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

  • Monitor Inventory metrics, highlighting areas of risk with solution options
  • Champion business data strategies with a central source of truth that drives multi-platform content, product and marketing optimizations as well as accountability across the organization
  • Create insightful and well-organized presentations that contribute to overall business needs and goals, explaining complex situations clearly and simply
  • Partner with 3rd parties to liquidate dead inventory and evaluates new relationships within the liquidation space
  • Lead and manage resources to improve usability, consistency, relevance, timeliness, and responsiveness of inventory plan.
  • Respond to ad hoc requests from other departments.
  • Provide technical expertise to team around reverse logistics and inventory movements between DCs and Stores and Vendors and works collaboratively to increase Inventory and DC efficiencies
  • Demonstrate expertise and guide functional groups to ensure reporting requirements are identified, designed, and distributed appropriately, highlighting and interpreting issues, trends, and variances within the data
  • Achievement of budgeted goals and metrics for business categories
  • Identify and communicate inventory changes to other teams
  • Partner to improve vendor performance results in key areas: on time delivery, overall cost reduction, and order fill accuracy
  • Implement plans, ensuring the sharing of information between Inventory, Merchandising, Visual Merchandising, Market Availability, Commercial, Supply Chain and Field Teams is accurate and timely
  • Proactively and effectively seeks input and feedback from internal and external partners to resolve issues
  • In follow up to immediate issue resolution, put in place sustainable systems and process improvements that prevent issue recurrence and improve company resultsQUALIFICATIONS-- To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
    • Proficient in the use of MS Office Products Excel, Word, PowerPoint, Access, Project
    • Knowledge of data warehousing, database structuring and data mining
    • Understanding of the data processes and information flow within the JDA/BY forecasting and replenishment systems; complete understanding of JDA/BY modules and supporting software
    • Experience in combining data from various sources together to produce cross-functional analytics, including clinical trial data
    • Strong written and oral communication and presentation skills, including facilitation skills
    • Strong analytical skills in assessing business processes, systems, and information flows, as well as compiling and assessing data
    • Customer-oriented focus and ability to work in cross-functional teams
    • Experience with various reporting platforms (ex. PowerBI, Business Objects); experience with Oracle & MS database technologies is highly desirable
    • Strong business acumen and Supply Chain knowledge
    • Strong interpersonal and influencing skills
    • Good judgment and decision-making ability
    • Ability to prioritize, delegate, and manage multiple projects simultaneously ensuring timely and accurate completion of each; outcome-focused and experienced in project management as a means to plan, track, communicate progress and ensure on time delivery of projects.EDUCATION and/or EXPERIENCE
      • Bachelor's degree in Business Administration, Merchandising, Logistics, or Mathematics; and 5-7 years related experience in Inventory Management, including 1-2 years of management experience; or equivalent combination of education and experienceSUPERVISORY RESPONSIBILITIESThis position can directly supervise up to 2-3.CERTIFICATES, LICENSES, REGISTRATIONS NonePHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.While performing the duties of this job, the employee is regularly required to sit and talk or hear.-- The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms; and stoop, kneel, crouch, or crawl.-- The employee must regularly lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.-- Specific vision abilities required by this job include close vision, distance vision, color vision, and ability to adjust focus.WORK ENVIRONMENTThe work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.The noise level in the work environment is usually moderate.California Residents click below for Privacy Notice:

Keywords: Advance Auto Parts Black History Month, Raleigh , Inventory Optimization Manager, Professions , Raleigh, North Carolina

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