Director of Inventory
Job Summary
The Global Inventory Planning Director is responsible for developing and executing global inventory strategies that align with Flowserve’s operational excellence and financial objectives. This role requires a strategic leader who can integrate advanced inventory management practices across our global operations to enhance efficiency and service levels.
Primary Role & Responsibilities
- Strategic Planning: Develop and implement global inventory strategies aligned with business goals, taking into account market trends and supply chain dynamics.
- Advanced Analytics: Utilize data analysis tools to optimize inventory levels across all product lines, ensuring alignment with demand forecasts.
- Demand Forecasting: Lead the creation of accurate demand forecasts to maintain optimal inventory levels and minimize logistical discrepancies.
- Inventory Optimization: Apply methodologies such as JIT, EOQ, and safety stock calculations to refine inventory practices.
- Cross-Functional Collaboration: Work closely with sales, purchasing, operations, and logistics to ensure cohesive inventory planning and execution.
- Performance Monitoring: Define and track KPIs related to inventory efficiency, such as turnover rates, stock-out rates, and carrying costs.
- Process Improvement: Continuously seek and implement improvements to inventory management processes to reduce costs and increase efficiency.
- Technology Adoption: Oversee the evaluation and integration of new inventory management systems and technologies.
- Team Leadership: Build and lead a high-performing inventory planning team, fostering a culture of achievement and continuous improvement.
What Sets This Role Apart
- Deep Expertise: Comprehensive knowledge in inventory management, forecasting techniques, and supply chain optimization.
- Leadership Skills: Strong ability to lead cross-functional teams, build consensus, and drive organizational change.
- Innovative Mindset: Proactively explore and implement advanced technologies and data-driven approaches to enhance inventory planning.
- Results-Oriented: Demonstrated success in improving key inventory metrics, including cost reductions, service level enhancements, and turnover rates.
Qualifications
- Education: Master’s degree in Engineering or Supply Chain Management; MBA preferred.
- Experience: At least 10+ years in supply chain or continuous improvement roles, with a minimum of 3+ years in a senior inventory planning position within a manufacturing environment.
- Proven experience with successful improvements to Days Sales Inventory (DSI), demonstrating capability in significantly enhancing inventory turnover and efficiency.
- Certifications: CPIM certification highly desirable.
- Skills: Proficiency with ERP systems such as Avante, Oracle, SAP, and Syteline, strong financial acumen, and expertise in Lean Manufacturing principles.
Preferred Qualifications
- A proven track record of strategic planning and effective execution within global supply chain operations.
- Experience in managing material flow throughout manufacturing facilities from inception to completion.
- Ability to work effectively in a fast-paced, global manufacturing environment.
Average salary estimate
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To help solve the biggest flow-control challenges, customers worldwide rely on the product lines, engineering, project management and service expertise of Flowserve. Our history began over 200 years ago, and today Flowserve employs more than 15,0...
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