Manager, Inventory Optimization

Graco manufactures and markets premium equipment to move, measure, control, dispense and spray a wide variety of fluid and powder materials. What does that mean? Well, we pump peanut butter into your jar, and the oil in your car. We glue the soles of your shoes, the glass in your windows and the screen on your phone. We spray the finish on your vehicle, coatings on your pills, the paint on your house and texture on your walls. Graco is part of your daily life.The Manager of Inventory Optimization is responsible for enabling Graco’s annual inventory goal by minimizing the inventory required to deliver desired service levels due to the execution of a global inventory optimization strategy, effective data analysis, and proactive efforts to collaboratively address the causes of excess and insufficient inventory across functions. The individual in the position will define and monitor key performance indicators and leverage the Materials COE team to partner with site and centralized Materials, Manufacturing, Sourcing, Logistics and Customer Service, and business teams address root cause issues that are driving excess and insufficient inventory across Graco.What You Will Do At GracoData Management & Analytics StrategyDevelop and drive the vision and execution of the Materials Inventory optimization strategy and governance, including using scientific methods, processes, algorithms and systems to analyze data to enable efficient monitoring and improvement of manufacturing and materials performanceCollect, analyze, and interpret inventory data to identify trends, patterns and areas for improvementEnable problem solving and decision-making through predictive analyticsDevelop and implement automation strategies to create efficiency and improved data and analytics qualityEstablish, maintain and monitor key leading and lagging metrics and provide appropriate reporting to leadershipPartner with the IT team to align data architecture, security and data storageInventory Control ManagementLead a team of analysts to monitor inventory and other core metrics (e.g., service levels, delivery schedule adherence and attainment)Identify opportunities to improve and make prioritized (i.e., financially important and customer critical) recommendations for action, including execution and financial roadmapLead collaborative, cross-functional improvement initiatives to address the input variables leading to poor performanceEffectively manage and influence trade-offs between functions to minimize sub-optimization of overall system performanceLead initiatives to meet Graco's global annual inventory goalsMaterials Product Lifecycle ManagementLead a team of planners who actively participate in New Product Introduction to balance inventory risk with rewardMonitor NPI forecast bias and ensure it is incorporated into cross-functional negotiations on supplier location, MOQs, forecasting to control S&O exposure during new product launchesPartner with Sourcing and Manufacturing to revisit planning data attributes set up during product launches once forecast attainment is understood to capture improvement opportunitiesMonitor product end-of-life to ensure superseded product availability until production volumes are achieved while minimizing stranded inventory and S&OAddress complex S&O situations in partnership with Finance and the businessTeam Leadership And Financial ManagementLead, mentor, manage and hire an Inventory Optimization team ensuring alignment with organizational goals and promoting a culture of excellence.Partner across the Materials Management Center of Excellence as well as with site-based Materials teams to provide leadership in identifying and addressing opportunitiesDrive team performance by setting clear goals, providing ongoing feedback, and facilitating professional growth opportunities.Establish, manage, and be accountable for the annual Inventory, Data, and Analytics budget, ensuring effective allocation of resources and alignment with organizational strategic objectivesWhat You Will Bring To GracoBachelor's degree in Business Administration, Finance, Supply Chain Management, Operations, Data Science, Mathematics, or Statistics7+ years of experience working in the manufacturing industry with at least 5 years in manufacturing materials managementExcellent leadership skills; 4+ years of team leadership experience preferred. Excellent verbal and written communication skillsExcellent negotiation and collaboration skillsStrong analytical skillsProficiency in Oracle ERPAbility to work effectively in a global, cross-functional team environment.Proven track record of driving process improvements and achieving resultsKnowledge of industry best practices and emerging trends in materials managementAPICS certificationAcceleratorsMBA or Master's degree preferredGAINS proficiency preferredGlobal materials leadershipManufacturing leadershipApplicants must be legally authorized to work in the United States. This role is not eligible for immigration sponsorship now or in the future (e.g., H-1B, TN, F-1 OPT).At Graco, you truly make a difference. Your unique talents contribute to our organizational growth and future. Not only do you make a difference, but Graco’s culture empowers employees to create their own career path. Whether you choose to advance within your current department or explore new opportunities in different divisions, you have the ability to build your future. Our managers are here to provide support and guidance as you continue to grow within your career.Graco has excellent opportunities available to individuals who want to be part of a fast-moving, growing company that is committed to quality, innovation and solving fluid handling problems for our customers. Graco is proud to be named a Best Place to Work by Fortune Magazine in 2016, 2018, 2019, 2021 & 2022. Graco offers attractive compensation, benefits and career development opportunities. Graco’s comprehensive benefits include medical, dental, stock purchase plan, 401(k), tuition reimbursement and more.Our company uses E-Verify to confirm the employment and eligibility of all newly hired employees. To learn more about E-Verify, including your rights and responsibilities, please visit www.dhs.gov/E-Verify.The base pay range for this position is listed below, exclusive of fringe benefits or other compensation. If you are hired, your final base hourly rate will be determined based on factors such as geographic location, skills, competencies, education, and/or experience. In addition to those factors, we will also consider internal equity of our current employees. Please keep in mind that the range provided is the full base salary range for the role. Hiring at or near the maximum of the range would not be typical to allow for future and continued salary growth.$98,300.00 - $172,000.00