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Inventory Optimization Manager Jobs in Illinois (NOW HIRING)

Manage inventory planning parameters, including safety stock, reorder points, and target inventory ... Participate in continuous improvement initiatives focused on inventory optimization, planning ...

Manage inventory planning parameters, including safety stock, reorder points, and target inventory ... Participate in continuous improvement initiatives focused on inventory optimization, planning ...

Material Manager

Rolling Meadows, IL ยท On-site

$70K - $95K/yr

The Materials Manager is responsible for leading and optimizing all materials planning, inventory control, and supply chain execution activities. This role ensures material availability to support ...

Manage domestic and global supplier relationships. * Oversee demand forecasting, MRP, safety stock levels, and inventory optimization. * Manage inbound and outbound logistics to ensure timely ...

Senior Manager - SIOP

Downers Grove, IL ยท On-site +1

$165K - $185K/yr

Inventory Optimization: Oversee the inventory management strategy to ensure optimal stock levels across all product lines, minimizing excess inventory while meeting customer demands. Monitor and ...

... inventory optimization plans and programs, developing forecasts for future demand * Develop standards, metrics, and procedures that maximizes inventory management efficiencies * Drive cross ...

... inventory optimization plans and programs, developing forecasts for future demand * Develop standards, metrics, and procedures that maximizes inventory management efficiencies * Drive cross ...

Regional Inventory Manager

Alsip, IL ยท On-site

$60K - $90K/yr

This role is ideal for someone who thrives on data, enjoys optimizing processes, and has strong experience in inventory management. Key Responsibilities * Manage and optimize inventory levels for ...

Regional Inventory Manager

IL ยท On-site

$60K - $90K/yr

This role is ideal for someone who thrives on data, enjoys optimizing processes, and has strong experience in inventory management. Key Responsibilities * Manage and optimize inventory levels for ...

About the role The Logistics Manager oversees the end-to-end supply chain operations for the ... This role is pivotal in driving operational excellence, optimizing inventory levels, ensuring ...

Showing results 21-40

Inventory Optimization Manager information

What does an inventory optimization manager do?

An Inventory Optimization Manager is responsible for ensuring that a company maintains the optimal level of inventory to meet customer demand while minimizing costs. They analyze sales trends, forecast future needs, and develop strategies to balance stock levels across supply chains. This role often involves using advanced analytics and inventory management software to improve efficiency, reduce excess inventory, and prevent stockouts. Collaboration with procurement, sales, and logistics teams is essential to achieve these goals.

How does an inventory optimization manager typically collaborate with other departments to improve supply chain efficiency?

An Inventory Optimization Manager works closely with teams such as procurement, sales, operations, and logistics to ensure inventory levels align with business goals and customer demand. This often involves regular meetings to review sales forecasts, discuss upcoming promotions, and address supply chain constraints. By fostering cross-functional communication, the manager can proactively identify potential bottlenecks or excesses and implement data-driven solutions. Collaboration is key to balancing inventory costs with service levels and ensuring smooth operations across the organization.

What are the key skills and qualifications needed to thrive as an inventory optimization manager, and why are they important?

To thrive as an Inventory Optimization Manager, you need strong analytical skills, supply chain knowledge, and experience with inventory management, often supported by a degree in business, supply chain, or a related field. Familiarity with ERP systems, advanced Excel functions, and inventory planning software like SAP or Oracle is typically required. Excellent problem-solving, communication, and project management skills help you collaborate across departments and drive continuous improvement. These skills are crucial for minimizing costs, preventing stockouts or overstock situations, and ensuring efficient supply chain operations.

What is the difference between Inventory Optimization Manager vs Inventory Analyst?

AspectInventory Optimization ManagerInventory Analyst
ResponsibilitiesDevelops strategies to optimize inventory levels, forecasts demand, and improves supply chain efficiency.Analyzes inventory data, monitors stock levels, and reports on inventory performance.
Required SkillsData analysis, supply chain knowledge, forecasting, problem-solvingData analysis, attention to detail, reporting skills
CertificationsSupply Chain certifications (e.g., APICS CSCP), analytical toolsSimilar certifications, often entry-level
Work EnvironmentStrategic planning, cross-department collaborationData-focused, operational tasks

The Inventory Optimization Manager focuses on strategic inventory planning and demand forecasting to improve overall supply chain efficiency. In contrast, the Inventory Analyst primarily handles data analysis and reporting to monitor inventory performance. Both roles require analytical skills and supply chain knowledge, but the manager's role is more strategic, while the analyst's role is more operational.

Is inventory optimization manager a stressful job?

The inventory optimization manager role involves analyzing data, forecasting demand, and managing stock levels, which can be demanding during peak periods or supply chain disruptions. The job requires strong analytical skills and attention to detail, but stress levels vary depending on company size, industry, and workload management. Effective planning and use of inventory management tools can help mitigate stress.

What is inventory optimization?

Inventory optimization is a process used by Inventory Optimization Managers to balance inventory levels, reduce costs, and improve service levels by analyzing demand patterns, lead times, and stock data. It often involves using specialized software and data analysis skills to determine optimal stock quantities across supply chains. Effective inventory optimization helps ensure the right products are available at the right time while minimizing excess stock.

What are the most commonly searched types of Inventory Optimization jobs in Illinois?

The most popular types of Inventory Optimization jobs in Illinois are:

What cities in Illinois are hiring for Inventory Optimization Manager jobs?

Cities in Illinois with the most Inventory Optimization Manager job openings:

Supply & Inventory Planner

Prolaio

Chicago, IL โ€ข On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 5 days ago


Job description

Who Are We?

Prolaio believes that continuous learning and collaboration can make a significant difference in how heart care is administered. We are creating smarter ways to address heart disease and heart risks by uniting patients, care teams, and researchers on a secure, technology-enabled platform that drives clinical innovation and offers a path towards better patient outcomes.

This is precision cardiology, and we know it's within reach.

What Will You Do?

The Overview

The Supply and Inventory Planner is responsible for developing and executing manufacturing and inventory plans to ensure the timely availability of clinical supply kits for global clinical studies. This role partners closely with Clinical Supply Chain, Manufacturing, Packaging Operations, Clinical Operations, Quality, and Logistics to translate clinical demand forecasts into manufacturing and packaging plans while maintaining appropriate finished kit inventory levels. The ideal candidate has 2-4 years of experience in supply planning, inventory management, or production planning within a pharmaceutical, biotechnology, or regulated manufacturing environment.ย 

The Specifics

  • Develop and maintain manufacturing and packaging supply plans for clinical supply kits based on clinical study forecasts, enrollment projections, and site demand.
  • Monitor finished clinical kit inventory levels to ensure uninterrupted supply to global clinical sites while minimizing excess inventory and product expiration.
  • Coordinate with Manufacturing, Packaging Operations, Clinical Supply Chain, Quality, and Logistics to execute kit production and replenishment plans.
  • Review clinical demand forecasts and translate requirements into production schedules for kit assembly and packaging activities.
  • Analyze inventory levels, kit consumption trends, enrollment changes, and production performance to identify potential supply risks and recommend mitigation strategies.
  • Manage inventory planning parameters, including safety stock, reorder points, and target inventory levels for clinical supply kits.
  • Support planning activities for new clinical studies, protocol amendments, country expansions, and enrollment changes.
  • Track kit production status and inventory availability to ensure study milestones and patient enrollment timelines are met.
  • Collaborate with cross-functional teams to resolve material shortages, production constraints, and inventory discrepancies that could impact clinical supply.
  • Maintain accurate planning data within ERP, inventory management, and clinical supply planning systems.
  • Prepare inventory and supply planning reports, including key performance indicators such as inventory accuracy, service levels, and supply plan adherence.
  • Participate in continuous improvement initiatives focused on inventory optimization, planning efficiency, and supply chain performance.
  • Ensure compliance with Good Manufacturing Practices (GMP), Good Distribution Practices (GDP), Good Clinical Practice (GCP), and applicable regulatory requirements.

Why Prolaio?

  • Impactful Work: You will join in the fight against heart failure (HF) and hypertrophic cardiomyopathy (HCM) with the goal of extending and saving the lives of our patients while also being at the forefront of changing the healthcare industry through technology.
  • Innovative Environment: You will be part of an organization doing something that's never been done before.
  • Professional Growth: You will join a growing team and have a substantial impact on our daily and future operations with the opportunity to continuously learn and grow.
  • Collaborative Team: You will be part of a team of collaborative, curious, and committed individuals focused on the collective good, inclusiveness, scientific excellence, and advancing digital health for cardiology.

Who You Are?

  • Bachelor's degree in Supply Chain Management, Business, Engineering, or a related field.
  • 2-4 years of experience in supply planning, inventory planning, production planning, or clinical supply chain operations.
  • Experience supporting manufacturing, packaging, or inventory management in a regulated environment.
  • Strong analytical and problem-solving skills with advanced proficiency in Microsoft Excel.
  • Experience using ERP systems such as NetSuite, SAP, Oracle, or similar planning platforms.
  • Strong organizational skills with the ability to manage multiple priorities and changing study demands.
  • Excellent communication and cross-functional collaboration skills.

Additional Qualifications (Nice to Haves)

  • Experience supporting clinical trial supply chains or clinical supply kit planning.
  • Experience with international transportation and logistics processes
  • Familiarity with interactive response technology (IRT/RTSM) systems and their impact on clinical supply planning.
  • Knowledge of demand planning, MRP, inventory control principles, and supply planning methodologies.
  • Experience with clinical supply management systems and advanced planning tools.
  • APICS/ASCM CPIM or CSCP certification is a plus.

Why You'll Love Working Here

  • Meaningful Compensation: Competitive salary, performance bonus, and equity so you can share in what we build.
  • Great Health Coverage: Medical, dental, and vision plans with multiple options and strong company contributions.
  • Flexible Spending Perks: HSA, FSA, commuter benefits, and a $1,200 annual Lifestyle Spending Account to support wellness, commuting, family needs, and more.
  • Time to Recharge: Generous paid time off, sick leave, and company holidays.
  • Family-First Benefits: Paid parental leave, caregiver leave, and support for growing families.
  • Security & Peace of Mind: Company-paid life insurance and short- and long-term disability coverage.
  • Plan for the Future: 401(k) plan to help you build long-term financial security.
  • Care When You Need It: Easy access to telehealth and optional supplemental coverage for life's unexpected moments.

Starting Salary is at $74,000.00 (Exact Compensation may vary based on skills, experience, and location)

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