Inventory Analyst

Fortune Brands Innovations, Inc. is an industry-leading home, security and digital products company focused on exciting opportunities within the home, security and commercial building markets. Our driving purpose is to elevate every life by transforming spaces into havens. We believe our work and our brands can have incredibly positive impacts for people and the planet. We support an inclusive culture where everyone is encouraged to be their authentic selves, and where differences and unique perspectives are a key strength.

About the role

The Inventory Analyst is a member of the Global Inventory Team, supporting Moen in the Water Innovation business unit. In this position, you will play a critical role in managing and optimizing inventory throughout the supply chain. The ideal candidate will have strong analytical skills, a solid understanding of inventory management practices, and the ability to forecast supply and demand to ensure optimal stock levels. Key performance metrics will center around balancing customer service levels and inventory productivity for Fortune Brands Innovations (FBIN).

Responsibilities

• Analyze inventory levels and product demand to determine reorder levels, including maintaining the process, validating data, identifying data issues, and performing analyses to optimize service/inventory productivity.
• Support cross-functional teams on questions related to reorder levels and seek feedback from planners on changes.
• Develop and automate reports to support robust processes, troubleshoot problems, and develop solutions.
• Review service performance and inventory levels required to deliver Quantity-On-Time. Make recommendations for improvement and work with cross-functional teams to ensure metrics are achieved.
• Continuously model excess inventory to determine and eliminate root causes.
• Perform material master governance over key fields that impact planning processes through regular audits for accuracy and to identify discrepancies.
• Prepare and present inventory reports, data, and analysis to management.
• Support new supply chain initiatives by running simulations, determining methods to execute, and implementing inventory changes.
• Provide analytical support for life cycle modeling, including new product introduction and End of Life. Support projects to smoothly transition to new products and minimize obsolete material.
• Work with project teams to execute planned transitions on time.
• Support continued integration of all business units into standard supply chain processes.

Requirements

• A Bachelor’s degree in Supply Chain Operations, Business, or a related field.
• Proven experience as an inventory analyst or in a similar role such as supply chain operations or demand/supply/material planning.
• Excellent analytical and problem-solving capabilities to assist with process design and redesign.
• Skilled in data consolidation, analysis, and tools such as Microsoft Access or Microsoft Excel.
• Strong verbal and written communication skills, presentation skills, and the ability to establish cross-functional relationships.

Preferred Qualifications

• Experience with ERP systems such as SAP or Oracle.
• Certification in inventory management or supply chain management.
• Knowledge of Orchestr8 (O8) Demand Driven Planning System and/or DDMRP.

Pay

A reasonable estimate of the base salary range for this role is $60,000 USD - $99,000 USD. Actual salaries may vary based on factors including education, training, experience, professional achievement, business need, and location. In addition to base salary, employees will participate in either an annual bonus plan based on company and individual performance or a role-based sales incentive plan.

Benefits

• Comprehensive health plans.
• Market-leading 401(k) program with a company contribution.
• Product discounts.
• Flexible time off benefits.
• Adoption benefits.
• Numerous Employee Resource Groups (ERGs) to foster a sense of belonging.