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Inventory Optimization Manager Jobs in Texas (NOW HIRING)

As Maintenance Cost Optimization Manager , you will implement cost-effective strategies for ... Ensure MVP is optimized to minimize excess spare parts inventory * Assist manufacturing plants in ...

As Maintenance Cost Optimization Manager , you will implement cost-effective strategies for ... Ensure MVP is optimized to minimize excess spare parts inventory * Assist manufacturing plants in ...

The Senior Manager, Site Inventory (Raw Materials & Work-in-Process) is a strategic people manager ... Inventory Strategy & Optimization * Develop and execute strategies to optimize raw material and WIP ...

The Senior Manager, Site Inventory (Raw Materials & Work-in-Process) is a strategic people manager ... Inventory Strategy & Optimization * Develop and execute strategies to optimize raw material and WIP ...

Develop inventory optimization strategies that improve material availability while minimizing ... Manage inventory controls supporting raw materials, production components, work-in-progress ...

Develop inventory optimization strategies that improve material availability while minimizing ... Manage inventory controls supporting raw materials, production components, work-in-progress ...

Own inventory optimization strategies focused on improving inventory productivity while minimizing expenses, including scrap, excess inventory, and obsolescence. * Partner with sales management ...

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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 Texas?

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

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

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

Inventory Optimization Analyst II

Lennox International

Richardson, TX • On-site

$70K - $92K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted yesterday


Lennox International rating

7.1

Company rating: 7.1 out of 10

Based on 55 frontline employees who took The Breakroom Quiz

343rd of 494 rated machine equipment manufacturers


Job description

What Drives Success

This analyst assists in the application of statistical and qualitative methods to optimize inventory settings, policies and practices. In addition, the person in this position has the opportunity to work with the organization to communicate and validate strategic inventory assortment and working capital objectives.

Duties include, but are not limited to: 

  • Apply statistical analysis and business knowledge to optimize inventory parameter setting.
  • Contribute to inventory management policies and processes and support implementation across locations.
  • Apply policies to determine and maintain store stock assortments.
  • Contribute to standards to track and monitor inventory results relative to objectives.
  • Coordinate with supply and demand planning to update key inventory parameters that drive the planning and execution systems.
What We Are Looking For

Requires a bachelor's degree or an equivalent combination of education and experience. Requires at least 2 year related experience. A master's degree or equivalent is preferred.

  • Broad business acumen with a strong understanding of how inventory decisions impact sales, inventory attrition, working capital, and operating costs.
  • Thorough knowledge of inventory optimization principles, methodologies, and industry best practices.
  • Expert understanding of Supply Chain Management principles.
  • Ability to apply appropriate statistical methods to large and complex data sets.
  • Knowledge of multi-echelon inventory optimization concepts and the ability to evaluate optimization outputs and recommend improvements.
  • Understanding of lot-size optimization mathematical models and the ability to assess configuration results and suggest enhancements.
  • Strong analytical, decision-making, and problem-solving skills.
  • Demonstrated continuous improvement mindset and process optimization experience.
  • Excellent interpersonal, communication, and cross-functional collaboration skills.
  • Ability to coordinate work within a team environment and influence stakeholders.
  • Proficiency with Microsoft Office applications, including Excel, Word, PowerPoint, and Access.
  • Working knowledge of SAP ECC.
  • Working knowledge of SAP APO or comparable supply chain planning systems.
  • Experience configuring inventory optimization tool parameters such as SO99, i2, Manugistics, or similar applications.
  • Basic knowledge of statistical software packages such as SPSS, Minitab, or equivalent.
What We Offer

Compensation: This is a salaried exempt role. The starting salary range for this role and market is between $70,400 - $92,400 annually. Factors that may affect starting salary include geography/market and the skills, education, experience, and other qualifications of the successful candidate. Employees in this role are also eligible for an annual bonus in accordance with the terms of the Company's applicable plan. Employees in this role are not eligible for overtime.

Benefits: Subject to applicable eligibility requirements, the following benefits are offered for this role: tuition reimbursement; medical, dental, and vision insurance; prescription drug coverage; 401(k) retirement plan; short-term disability insurance; 8 weeks paid birthing leave; 2 weeks paid bonding leave; life and long-term disability insurance.

Depending on date of hire, and subject to applicable eligibility requirements, new employees in this role also receive up to: 12 days paid time off, 2 paid well-being days, 1 paid volunteer day, 12 paid holidays, and 3 floating holidays per year.

Our Culture: At Lennox, our Core Values of Integrity, Respect & Excellence are ingrained in the fabric of the organization. They define our culture - which is about how we do business and how we treat others. Lennox is not just a workplace; we are a global community that values each team member's contributions. As an equal opportunity employer, we are committed to recruit, develop, and retain talented individuals from a wide range of backgrounds, ensuring that everyone has the opportunity to succeed and contribute to our continued growth and success. At Lennox, you'll take pride in our brands, knowing you are part of something special. Come, stay, and grow with us! 

Disclaimers: The compensation and benefits information is accurate as of the date of this posting. Lennox reserves the right to modify this information at any time, with or without notice, subject to applicable law.

We may use automated tools, including artificial intelligence, to support parts of our hiring process, such as application review and interview scheduling. These tools assist our teams but do not replace human decision-making. If you need an accommodation or have questions, please contact CandidateAccommodations@Lennox.com.

Employment Type: FULL_TIME

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