What are the responsibilities and job description for the Inventory Manager position at Fortune Brands Innovations?
Company Description
Fortune Brands Innovations, Inc. is an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives. Our driving purpose is that we elevate every life by transforming spaces into havens. We believe our work and our brands can have incredibly positive impacts for not just our business and shareholders, but for people and the planet, too. When you join Fortune Brands, you become part of a high-performing team who are empowered to think big, learn fast and make bold decisions. We support an inclusive and diverse culture where everyone is encouraged and empowered to be their authentic selves, and where our differences and unique perspectives are a key strength. Explore life at Fortune Brands here
Job Description
As Inventory Manager, you will be responsible for achieving inventory targets for our Water Innovations (WINN). WINN is an international business that spans the globe, with key markets in the US, China, Canada, Mexico, and Europe. As a Inventory Manager, you’ll be the mastermind behind our inventory management strategy. You’ll oversee $500 million worth of inventory globally, ensuring our products flow seamlessly from production to distribution. By working closely with partners in finance, demand, supply, and production planning across the business, you will identify and execute opportunities for inventory optimization, reduced costs, and enhance our supply chain efficiency.
Location: This position is eligible for a hybrid schedule based out of Deerfield, IL. Effective mid-2025, Fortune Brands will transition to a new world-class campus in Deerfield, bringing together associates from across our U.S. offices, brands, and functions. The campus will offer vibrant workspaces for collaboration, along with amenities for dining, onsite daycare, fitness and recreation.
Responsibliities
Inventory Optimization:
Fortune Brands believes in fair and equitable pay. A reasonable estimate of the base salary range for this role is Hiring Pay Range: $80,000 USD - $126,500 USD. Please note that actual salaries may vary within the range, or be above or below the range, based on factors including, but not limited to, 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.
At Fortune Brands, we support the overall health and wellness of our associates by offering comprehensive, competitive benefits that prioritize all aspects of wellbeing and provide flexibility for our teammates’ unique needs. This includes robust health plans, a market-leading 401(k) program with a company contribution, product discounts, flexible time off benefits (including half-day summer Fridays per policy), inclusive fertility / adoption benefits, and more. We offer numerous Employee Resource Groups to support inclusivity and our associates’ feeling of belonging at work.
Fortune Brands is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. Our portfolio of brands includes Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe and Yale residential.
Fortune Brands is headquartered in Deerfield, Illinois and trades on the NYSE as FBIN
Equal Employment Opportunity
FBIN is an equal employment opportunity employer and does not discriminate against any applicant based on race, color, religion, sex, gender identity or expression, national origin, ancestry, age, disability, marital status, protected veteran status, sexual orientation, genetic history or information, or any other legally protected characteristic.
We are committed to a diverse and inclusive workplace and encourage applicants from all backgrounds to apply. To support our efforts, we invite you to voluntarily share your gender, ethnicity, and veteran status. This information is confidential and helps us ensure an inclusive hiring process and improve our diversity initiatives.
Reasonable Accommodations
FBIN is committed to working with and providing reasonable accommodation to applicants with disabilities. If you need a reasonable accommodation for any part of the application or interview process, please contact us at fbinleave.fbhs@fbin.com and let us know the nature of your request along with your contact information. Resumes submitted to this email address will not be responded to.
Fortune Brands Innovations, Inc. is an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives. Our driving purpose is that we elevate every life by transforming spaces into havens. We believe our work and our brands can have incredibly positive impacts for not just our business and shareholders, but for people and the planet, too. When you join Fortune Brands, you become part of a high-performing team who are empowered to think big, learn fast and make bold decisions. We support an inclusive and diverse culture where everyone is encouraged and empowered to be their authentic selves, and where our differences and unique perspectives are a key strength. Explore life at Fortune Brands here
Job Description
As Inventory Manager, you will be responsible for achieving inventory targets for our Water Innovations (WINN). WINN is an international business that spans the globe, with key markets in the US, China, Canada, Mexico, and Europe. As a Inventory Manager, you’ll be the mastermind behind our inventory management strategy. You’ll oversee $500 million worth of inventory globally, ensuring our products flow seamlessly from production to distribution. By working closely with partners in finance, demand, supply, and production planning across the business, you will identify and execute opportunities for inventory optimization, reduced costs, and enhance our supply chain efficiency.
Location: This position is eligible for a hybrid schedule based out of Deerfield, IL. Effective mid-2025, Fortune Brands will transition to a new world-class campus in Deerfield, bringing together associates from across our U.S. offices, brands, and functions. The campus will offer vibrant workspaces for collaboration, along with amenities for dining, onsite daycare, fitness and recreation.
Responsibliities
Inventory Optimization:
- Meet inventory and WCE Targets; partner with finance to develop OP and drive accuracy of monthly forecasting cycle.
- Create KPIs and inventory governance policy for the business.
- Lead safety/buffer stock strategy and execution.
- Identify areas of inventory optimization opportunity; establish and execute project funnel.
- Prepare detailed reports on inventory operations, adjustments, and trends.
- Create programs and processes to deal with Obsolete and Slow-Moving Inventory (OSMI).
- Build and lead a high-performing team. You’ll start with two Buffer Managers reporting to you, but your vision extends beyond that.
- Foster a collaborative and agile work environment.
- Drive the transition from Materials Requirements Planning (MRP) to Demand-Driven Material Requirements Planning (DDMRP)
- Manage materials planning systems and processes; ensure accuracy of data (MDM), optimization of configuration, and process compliance.
- Support key supply chain initiatives and scenario planning.
- Devote a significant portion of your time to managing inventory reduction projects and programs.
- Use your project management skills to streamline processes and enhance efficiency.
- Minimum of 5 years of experience in supply chain operations, including experience in demand/supply planning and inventory management.
- Strong project management background.
- Demonstrated team and influential leadership.
- Detailed knowledge of MRP/DDMRP systems and processes.
- Strong analytical capability and use of data to influence action.
- Strong verbal and written communication.
- Passion for inventory optimization.
- Experience with SAP or Oracle is strongly preferred.
- Knowledge of Orchestr8 (O8) Demand Driven Planning System and/or DDMRP.
- Lean Six Sigma, APICS Certified.
Fortune Brands believes in fair and equitable pay. A reasonable estimate of the base salary range for this role is Hiring Pay Range: $80,000 USD - $126,500 USD. Please note that actual salaries may vary within the range, or be above or below the range, based on factors including, but not limited to, 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.
At Fortune Brands, we support the overall health and wellness of our associates by offering comprehensive, competitive benefits that prioritize all aspects of wellbeing and provide flexibility for our teammates’ unique needs. This includes robust health plans, a market-leading 401(k) program with a company contribution, product discounts, flexible time off benefits (including half-day summer Fridays per policy), inclusive fertility / adoption benefits, and more. We offer numerous Employee Resource Groups to support inclusivity and our associates’ feeling of belonging at work.
Fortune Brands is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. Our portfolio of brands includes Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe and Yale residential.
Fortune Brands is headquartered in Deerfield, Illinois and trades on the NYSE as FBIN
Equal Employment Opportunity
FBIN is an equal employment opportunity employer and does not discriminate against any applicant based on race, color, religion, sex, gender identity or expression, national origin, ancestry, age, disability, marital status, protected veteran status, sexual orientation, genetic history or information, or any other legally protected characteristic.
We are committed to a diverse and inclusive workplace and encourage applicants from all backgrounds to apply. To support our efforts, we invite you to voluntarily share your gender, ethnicity, and veteran status. This information is confidential and helps us ensure an inclusive hiring process and improve our diversity initiatives.
Reasonable Accommodations
FBIN is committed to working with and providing reasonable accommodation to applicants with disabilities. If you need a reasonable accommodation for any part of the application or interview process, please contact us at fbinleave.fbhs@fbin.com and let us know the nature of your request along with your contact information. Resumes submitted to this email address will not be responded to.
Salary : $80,000
