Inventory Optimization Specialist
- ERP
- CRM
- Pension
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Job Purpose:
Our Inventory Optimization Specialist will be responsible for representing Supply Chain Planning in all regions/segments for the purpose of reducing, managing and eliminating Dead and Excess inventory. The person will also assess inventory performance against customer’s contract/agreement commitments. This role will be required to facilitate slow moving inventory for reduction of aged inventory and national transfers to strategically relocate aged inventory.Job Responsibilities:
● Daily dead & excess inventory review using the monthly D&E report from Finance to determine and execute item actions – Broker, Discount, Dispose, Donate, Return, Sell Thru or Transfer as well as noting if items have sold or additional follow-up is needed● Run monthly call with regional sales managers and operations to review top D&E (by $ value) for each manager.
● Update inventory parameters such as stocking flags to prevent the reorder of dead items.
● Process stock transfers – move D&E to locations where product is selling (if possible).
● Conduct CDI (customer dedicated inventory) performance reviews with Regional Sales teams and Corporate Accounts on a monthly basis.
● Review reporting showing potential D&E – codes with no activity last 3 months, last 4 months.
● Develop working relationships with operations, customer service, supply chain and other teams in order to streamline processes and procedures as it relates to reducing the influx of D&E inventory
● Review regular dead & excess national transfers taking into consideration location constraints, product handling and freight costs.
● Work with Sourcing team, Segment Managers, National Account Managers as needed.
● Daily inquiries/requests from field (ex: suspending/un-suspending codes, discounting questions, etc.
● Coordinate with Operations and Sales on product disposals.
● Work with sales to identify codes that will become D&E due to loss of accounts.
● Research customer, sales manager, and sales rep information when systematically unavailable.
● Assist customer service with billing process on disposal of dead customer specific inventory.
● Identify opportunities for continuous improvement and prioritize improvement ideas with the management team.
Additional Responsibilities & Qualifications:
●BA/BS in Business, Finance, Logistics or Engineering preferred.
●Will lead through influence and may need to manage the sense of urgency and time utilization of key team members.
●Able to work effectively at all levels of an organization with the ability to influence others to move toward consensus.
●Strong situational analysis and decision-making abilities.
●A broad, enterprise-wide view of the business and varying degrees of appreciation for strategy, processes and capabilities, enabling technologies, and governance preferred.
●Hybrid Office setting available – 3 days on site, 2 days remote.
●Majority of time sitting and working at a computer.
●Minimal travel.
●Other duties as assigned.
Work Experience:
● 3-5 years of related job experience.● Ability to manage multiple projects, work under pressure, and adapt to sudden changes in the work environment.● Ability to work in a team environment.● Ability to work quickly and efficiently.● Basic experience of simple office/operational systems.● Excellent verbal, written, people, and diplomacy skills are required.● Experience working with ERP systems, contract management, CRM systems and project management tools preferred.● Must be highly motivated, flexible and deadline driven.● Proficient with Microsoft Office Suite.● Strong customer service skills (friendly, courteous and helpful).● Strong planning and organization skills are required.● Strong problem-solving and attention to detail skills are required.Education:
● Bachelor's Degree PreferredWhat We Offer
- Engaging and inclusive culture with employee-led Employee Resource Groups, Veritiv Cultural Alliance, recognition platform, etc.
- Extensive training opportunities, professional development programs, career pathing, and mentorship opportunities.
- Collaborative atmosphere with our customers and suppliers to create healthier, safer and more sustainable communities through our responsible operations and innovative solutions.
- Healthcare benefits (including medical, dental, vision, and health savings account), life, AD&D, and disability insurance, 401k, paid time off, tuition reimbursement, employee assistance program, and other fringe benefits.
About Veritiv
Together with its subsidiaries, Veritiv is the leading full-service provider of packaging solutions. Veritiv also provides JanSan, hygiene, print and publishing products and services. Veritiv serves customers in a wide range of industries, through team members around the world helping shape the success of its customers. For more information, visitwww.veritiv.com and connect with the Company onLinkedIn.
Inventory Optimization Specialist · Veritiv