Director of Inventory Planning and Optimization

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    "url": "https://careers-edmundoptics.icims.com/jobs/1598/director-of-inventory-planning-and-optimization/job",
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    "title": "Director of Inventory Planning and Optimization",
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    "datePosted": "2024-06-06T08:25:19.337Z",
    "description": "<h2>Overview</h2>\n<p>The Director of Inventory Planning & Optimization leads the company’s global inventory strategy while remaining closely engaged in the analytical and planning work that drives decision-making. This role requires a highly analytical leader who is comfortable working with data, exploring models, and guiding the development of insights in a hands-on and collaborative way. The Director partners closely with Operations, Finance, and Executive Leadership to balance service levels, cost, and risk across the supply chain while driving continuous improvement in inventory performance. As the organization continues to evolve its analytics capabilities, this individual will play a key role in shaping tools, processes, and team capabilities—balancing strategic leadership with a practical understanding of how the work gets done.</p>\n<h2>Responsibilities</h2>\n<ul>\n <li>Lead the development and execution of the global inventory strategy to support company objectives for service levels, cost efficiency, and working capital objectives </li>\n <li>Direct the evolution of demand forecasting strategies, processes, and systems to ensure accurate planning and alignment with sales and operational requirements </li>\n <li>Manage and optimize inventory planning tools, software platforms, and analytics systems used to forecast and manage inventory across the organization </li>\n <li>Establish and monitor key performance metrics, including service levels, fill rates, inventory turns, and shipping reliability, ensuring high levels of customer satisfaction </li>\n <li>Develop and manage annual inventory forecasts for finished goods across all sales plants </li>\n <li>Collaborate with Finance and Supply Chain executives to establish and manage working capital targets, including total inventory value and days of inventory by Sales Plant </li>\n <li>Drive data-driven decision-making through advanced analytics, reporting, and modeling to identify risks, opportunities, and inefficiencies within the inventory network </li>\n <li>Work closely with Finance and Supply Chain executives on end-of-life, excess, and scrap inventory initiatives to minimize financial exposure </li>\n <li>Identify and implement process improvements, system enhancements, and best practices to increase forecasting accuracy and inventory efficiency </li>\n <li>Ensure compliance with internal controls, audit requirements, and inventory management policies</li>\n</ul>\n<h2>Qualifications</h2>\n<p>To perform this position successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable Accommodations may be made to enable individuals with disabilities to perform the essential functions. </p>\n<p> </p>\n<p><strong>Required Skills & Abilities:</strong></p>\n<ul>\n <li>Strong analytical and quantitative skills. with a solid understanding of statistical concepts and their application in forecasting and inventory optimization</li>\n <li>Hands-on experience with inventory planning and ERP systems (e.g., SAP, Oracle, NetSuite, or similar platforms) </li>\n <li>Expert in advanced analytics tools and reporting systems (e.g., Excel modeling, BI tools such as Power BI or Tableau) </li>\n <li>Working knowledge of SQL or other advanced database programming preferred</li>\n <li>Experience working with Snowflake or similar cloud-based data platforms a plus</li>\n <li>Demonstrated success improving working capital, inventory turns, and service level KPIs </li>\n <li>Strong understanding of supply chain processes, including S&OP, production planning, and demand/supply balancing </li>\n <li>Ability to engage directly with data and analysis, guiding and validating outputs while supporting team execution</li>\n <li>Excellent leadership, communication, and collaboration skills with the ability to translate data into clear, actionable business recommendations</li>\n <li>Comfort operating in an environment where analytics capabilities are evolving, with a willingness to help build and mature processes over time</li>\n <li>Optics and optical industry knowledge a plus</li>\n <li>Comfortable in a multi-cultural/global environment</li>\n <li>Strong customer focus</li>\n <li>US Citizenship or permanent residence required</li>\n</ul>\n<p><strong>Education/Experience: </strong></p>\n<ul>\n <li>Bachelor’s degree in Supply Chain Management, Analytics, Finance, Operations, or a related field (Master’s degree preferred) </li>\n <li>10+ years of experience in inventory management, supply chain planning, or operations </li>\n <li>5+ years of leadership experience managing teams and cross-functional initiatives </li>\n <li>Proven experience in demand planning, forecasting, and inventory optimization in a complex, multi-location environment </li>\n</ul>\n<p> </p>\n<p><strong>Physical</strong> <strong>Requirements:</strong></p>\n<p>Ability to operate office equipment such as a copier; ability to sit or stand for long periods of time; work in office setting. Ability to travel 10-20%.</p>\n<p> </p>\n<p>All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.</p>\n<p><em>Think you meet some of the requirements but not all? Studies have shown that women and people of color are less likely to apply to jobs for which they do not meet every qualification. If you see a role that interests you, we encourage you to apply, regardless of whether or not your experience is completely aligned with the job description. Edmund Optics is committed to becoming the most diverse, equitable, and inclusive workplace within the Optics and Photonics Industry and beyond. You may be a great candidate for this role or others within Edmund Optics.</em></p>\n<p> </p>\n<p><strong>Compensation Range Transparency:</strong></p>\n<p>At Edmund Optics, we are committed to transparency and equity in our hiring practices. The posted salary range for this role reflects the expected base pay. The actual offer will be based on multiple factors, including but not limited to relevant skills, education, work experience, business needs, and geographic location.</p>\n<p> </p>\n<p><strong>Salary Range:</strong>$150,000 – $165,000 per year</p>\n<p> </p>\n<p><strong>Benefits:</strong></p>\n<ul>\n <li>Medical, Dental, and Vision Insurance</li>\n <li>Life, AD&D, Short and Long-Term Disability Insurance</li>\n <li>Generous Paid Time Off (PTO)</li>\n <li>Tuition Reimbursement</li>\n <li>401(k) Retirement Plan with Company Match up to 3%</li>\n <li>Daycare and Gym Reimbursement</li>\n <li>Paid Parental Leave and New Mother Benefits</li>\n <li>Training and Development Opportunities</li>\n</ul>\n<p><em>Availability of these benefits may depend on the country and employment type.</em></p>\n<p> </p>",
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