Inventory Analyst

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

The Inventory Analyst is a member of the Global Inventory Team, supporting Moen in the Water Innovation business unit. In this position, you will be playing 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. The key performance metrics in this role will center around the balance of customer service levels and inventory productivity for Fortune Brands Innovations (FBIN).

This position is eligible for a hybrid schedule based out of our headquarters in Deerfiled, IL.

RESPONSIBLIITIES:

• Analyze inventory levels and product demand to determine reorder levels. This includes 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. 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 the appropriate 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 as needed by running simulations, determining methods to execute, and implementing the inventory changes.
• Provide analytical support for life cycle modeling including new product introduction and End of Life. Support projects to smoothly transition to the new product and minimize obsolete material. Work with project teams as necessary to execute the planned transition on time.
• Support continued integration of all business units into standard supply chain processes.

Qualifications

• 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.

Additional Information

Fortune Brands believes in fair and equitable pay. A reasonable estimate of the base salary range for this role is $63,000 USD - $95,700 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 [email protected]  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.