Inventory Manager

Company Description

Fortune Brands Innovations, Inc. is an industry-leading home, security and digital products company. We’re focused on exciting opportunities within the home, security and commercial building markets. Our driving purpose is to elevate every life by transforming spaces into havens. We believe our work and our brands can have incredibly positive impacts for not just our business and shareholders, but for people and the planet, too.

At Fortune Brands, we’re building something big. We’re advancing exciting innovations in all of our products and processes. We’re delivering trust, dependability, sustainability, and style. To make it all happen, we’ve transformed our workplace into an environment where smart, ambitious people have the support to reach their fullest potential.

When you join Fortune Brands, you become part of a high-performing team empowered to think big, learn fast and make bold decisions. We support an inclusive culture where everyone is encouraged be their authentic selves, and where our differences and unique perspectives are a key strength.

Explore life at Fortune Brands here.

As Inventory Manager , you will be responsible for achieving inventory targets for our Water segment. As a Inventory Manager, you’ll be the mastermind behind our inventory management strategy. You’ll oversee $500 million worth of inventory globally, ensuring our products flow seamlessly from production to distribution. By working closely with partners in finance, demand, supply, and production planning across the business, you will identify and execute opportunities for inventory optimization, reduced costs, and enhance our supply chain efficiency.

Location: This position is eligible for a hybrid schedule based out of Deerfield, IL. The hybrid schedule requires in office presence Tues-Thurs with the option to work remotely on Monday & Friday.

RESPONSIBLIITIES:

Inventory Optimization:

• Meet inventory and WCE Targets; partner with finance to develop OP and drive accuracy of monthly forecasting cycle.
• Create KPIs and inventory governance policy for the business.
• Lead safety/buffer stock strategy and execution.
• Identify areas of inventory optimization opportunity; establish and execute project funnel.
• Prepare detailed reports on inventory operations, adjustments, and trends.
• Create programs and processes to deal with Obsolete and Slow-Moving Inventory (OSMI).

Team Building:

• Build and lead a high-performing team. You’ll start with two Buffer Managers reporting to you, but your vision extends beyond that.
• Foster a collaborative and agile work environment.

Strategic Transformation:

• Drive the transition from Materials Requirements Planning (MRP) to Demand-Driven Material Requirements Planning (DDMRP)
• Manage materials planning systems and processes; ensure accuracy of data (MDM), optimization of configuration, and process compliance.
• Support key supply chain initiatives and scenario planning.

Project Management:

• Devote a significant portion of your time to managing inventory reduction projects and programs.
• Use your project management skills to streamline processes and enhance efficiency.

• Minimum of 5 years of experience in supply chain operations, including experience in inventory management and supply/demand planning.
• Experience with SAP required.
• Strong project management background.
• Demonstrated team and influential leadership.
• Detailed knowledge of MRP/DDMRP systems and processes.
• Strong analytical capability and use of data to influence action.
• Strong verbal and written communication.
• Passion for inventory optimization.

PREFERRED QUALIFICATIONS:

• Knowledge of Orchestr8 (O8) Demand Driven Planning System and/or DDMRP.
• Lean Six Sigma, APICS Certified.

Fortune Brands believes in fair and equitable pay. A reasonable estimate of the base salary range for this role is Hiring Pay Range: $90,000 USD - $125,000 USD. Please note that actual salaries may vary within the range, or be above or below the range, based on factors including, but not limited to, education, training, experience, professional achievement, business need, and location. In addition to base salary, employees will participate in either an annual bonus plan based on company and individual performance, or a role-based sales incentive plan.

At Fortune Brands, we support the overall health and wellness of our associates by offering comprehensive, competitive benefits that prioritize all aspects of wellbeing and provide flexibility for our teammates’ unique needs. This includes robust health plans, a market-leading 401(k) program with a company contribution, product discounts, flexible time off benefits, adoption benefits, and more. We offer numerous ERGs (Employee Resource Groups) to foster a sense of belonging for all associates.

Fortune Brands is built on industry-leading brands and innovation within the high-growth categories of water, outdoors and security. The Company makes innovative products for residential and commercial environments, with a growing focus on digital solutions and products that add luxury, contribute to safety and enhance sustainability. To learn more, visit our website at fbin.com.

Equal Employment Opportunity

Fortune Brands is an equal opportunity employer. Fortune Brands evaluates qualified applicants without regard to race, color, religion, sex, gender identity or expression, national origin, ancestry, age, disability/handicap status, marital status, protected veteran status, sexual orientation, genetic history or information, or any other legally protected characteristic.

Reasonable Accommodations

Fortune Brands is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please contact us at [email protected] and let us know the nature of your request along with your contact information.

Important Notice: Protect Yourself from Fraudulent Job Postings

To protect yourself from fraudulent job postings or recruitment scams, please note that Fortune Brands job postings are exclusively hosted on our website at fbin.com/careers via our SmartRecruiters platform. Fortune Brands will never request banking information or sensitive personal details until an offer of employment has been accepted and the onboarding process begins.