Inventory Planning, Efficiency and Waste Reduction Manager

$60,300 - $159,120/Yr

CVS Health - Woonsocket, RI

Full-time - Mid Level

Woonsocket, RI

Health and Personal Care Retailers

About the position

The Inventory Planning, Efficiency and Waste Reduction Manager at CVS Health plays a pivotal role in enhancing business performance through data-driven strategies focused on inventory management. This position is integral to addressing issues related to inventory damages, expiration, and disposition, ensuring that the company maintains its sales and margin growth while simultaneously reducing waste. The manager will be responsible for supporting the development and execution of multi-year plans that align with the company's goals. This dynamic role requires collaboration with various teams to identify opportunities for improvement, validate the business impact of these opportunities, establish timelines for implementation, and ensure consistent execution of solutions across the organization. In this role, the manager will support the build and implementation of process improvements aimed at addressing pain points and closing gaps that lead to unnecessary waste. A key responsibility will be to standardize ways of working across the enterprise by developing guidelines and standard operating procedures that ensure strategies are executed flawlessly. The manager will also be tasked with measuring key performance indicators (KPIs) and success metrics to track the performance of initiatives, consistently executing tactics to deliver and maintain targeted efficiencies, and monitoring business performance to diagnose opportunities for further improvement. This position supports a significant volume of business, with responsibilities tied to $20+ billion in sales and $5 billion in inventory. The successful candidate will demonstrate an intense interest in learning and possess outstanding analytical and problem-solving skills. They will be adept at structuring problems logically, synthesizing data, and identifying insights that guide decision-making. The ability to manage multiple assignments and meet tight deadlines is crucial, as is an open and honest communication style that fosters trust and respect among colleagues. Effective communication skills, both verbal and written, are essential, particularly in the use of Microsoft PowerPoint to convey complex information succinctly. The manager will need to develop effective working relationships with stakeholders across various departments, including Supply Chain, Merchandising, and Operations, and will be expected to work independently while adapting to changing work priorities. Creativity, self-motivation, and a high-energy approach are key traits for success in this performance-driven environment.

Responsibilities

• Support the build and implementation of process improvements to address pain points and close gaps that lead to unnecessary waste.
• Standardize Ways of Working across the enterprise by developing guidelines and standard operating procedures to ensure strategies are executed flawlessly.
• Measure KPIs and success metrics to track performance of initiatives.
• Consistently execute tactics to deliver and maintain targeted efficiencies.
• Monitor business performance and diagnose opportunities.

Requirements

• 3+ years of Supply Chain, Sales and Operations planning, Inventory Management, Capacity Planning or similar experience, Merchandising, and/or Strategy.
• Experience analyzing inventory and service level performance.
• Experience aggregating data to facilitate cross-functional communication.
• Experience with corporate finance/building ROI models.
• Experience with mathematical and basic statistical knowledge.
• In-depth experience with MS Excel and PowerPoint.

Nice-to-haves

• Experience with change management methodologies.
• Good judgment and decision-making ability.
• Experience with technical tools, such as: SQL Assistant, Python, Tableau, SAP, Oracle.
• Strong analytical and problem-solving skills.
• Strong business acumen.
• Strong interpersonal and influencing skills.
• Mastery of Microsoft Excel and PowerPoint.
• Excellent verbal and written communication skills, including facilitation skills.
• Demonstrated understanding of inter-relationships between inventory planning, category management, and finance.
• Experience building inventory and replenishment models, incorporating multiple variables, for use in estimating downstream impacts of various business changes.
• Experience in writing/relaying detailed business requirements for IT updates/builds.
• Merchandise familiarity - understanding of retail merchandising basics (i.e., Category Management), and merchandising organizational structures and processes.
• Masters Degree in Supply Chain or MBA.
• Supply Chain Certification in asset- RSSC, CSCMP or APICS.
• Project Management, Six Sigma and/or Lean certification.

Benefits

• Full range of medical, dental, and vision benefits.
• 401(k) retirement savings plan.
• Employee Stock Purchase Plan.
• Fully-paid term life insurance plan.
• Short-term and long-term disability benefits.
• Numerous well-being programs.
• Education assistance and free development courses.
• CVS store discount and discount programs with participating partners.
• Paid Time Off (PTO) or vacation pay, as well as paid holidays throughout the calendar year.