Inventory Optimization Specialist

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 Preferred

What 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, visit www.veritiv.com and connect with the Company on LinkedIn.