Inventory Specialist

Planning System Maintenance

• Maintain planning system (SAP) integrity for planning, production and inventory transactions
• Proactively address and resolve COGI and IDOC errors to ensure accurate inventory records.
• Analyze recurring errors and implement corrective actions to prevent future discrepancies.

Cycle Count Process:

• Oversee the execution of cycle count processes to maintain inventory accuracy.
• Develop and implement strategies to optimize cycle counting procedures and minimize disruptions to operations.

Physical Inventory Execution:

• Coordinate and lead physical inventory counts to verify stock levels and reconcile any discrepancies.
• Ensure compliance with established inventory control policies and procedures during physical inventory activities.

Inventory Reconciliation Process:

• Manage day-to-day inventory reconciliation processes with sites, production, planning, and purchasing teams.
• Conduct thorough reconciliations, investigate discrepancies, and obtain necessary approvals for adjustments.
• Perform root cause analysis to identify underlying issues affecting inventory accuracy.

Root Cause and Corrective Action Analysis:

• Analyze inventory discrepancies and implement corrective actions to address root causes.
• Collaborate with relevant teams to implement process improvements aimed at enhancing inventory accuracy.

Key Performance Indicators (KPIs):

• Inventory Forecast Adherence:
  1. Measure and improve adherence to inventory forecasts in terms of volume and value.
  2. Identify opportunities to optimize inventory levels while meeting demand requirements.
• Reduction of Inventory Adjustments:
  1. Track and minimize the frequency and magnitude of inventory adjustments.
  2. Implement strategies to reduce the need for manual adjustments through process enhancements and error prevention.

Cross-Functional Collaboration:

• Collaborate with sites, production, planning, and purchasing teams to ensure alignment on inventory management goals and objectives.
• Provide regular updates and reports on inventory performance during weekly and monthly KPI reviews.

SKILLS, KNOWLEDGE AND ABILITIES:

• Bachelor's degree in Supply Chain Management, Operations Management, Business Administration, a related degree, or equivalent experience.
• Proven experience in inventory planning, control, and analysis, preferably in a manufacturing or distribution environment.
• Strong analytical and problem-solving skills, with the ability to conduct root cause analysis and implement corrective actions.
• Proficiency in inventory management software and ERP systems (e.g., SAP, Oracle).
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments.
• Detail-oriented with a focus on accuracy and precision in inventory-related tasks.
• Ability to thrive in a fast-paced environment and manage multiple priorities simultaneously.
• Travel up to 10% of time (physical inventory, site visits)
• Minimal physical demands - some instances of travel or walking a warehouse; no lifting

Old World Industries is among the largest privately held companies competing in the automotive aftermarket today. Built upon a 50-year history of ingenuity, the Northbrook, Illinois-based company is transforming the automotive, commercial and chemical industries that keep the world moving forward. Old World's brands include a full line of PEAK Performance Automotive Aftermarket Products including Antifreeze/Coolant, Washer Fluid, Lighting and Wiper Blades; BlueDEF Diesel Exhaust Fluid and Equipment; FINAL CHARGE PRO-SERIES Heavy Duty Extended Life Coolant, Fleet Charge SCA Precharged Heavy Duty Coolant and Thermal Charge Heat Transfer Fluid.