Job Location: ​Chicago​

This role is based out of our corporate HQ located in downtown Chicago and will be a hybrid in-person/remote role. 

Want to make an impact?

This Analyst position is responsible for leading and managing the life cycle activities of the company’s product portfolio to ensure that residual inventory and obsolescence targets are met.  This person will manage and own the specific discontinuation activities and SKU transitions as well as create and document the policies, process, and procedures for governing and managing a SKU's life cycle. The main KPI’s of the role are savings of potential waste/write off and helping to achieve the departments Obsolescence plan for the year.

Ways you will make a difference Manage the end-of-life processes for “to be” discontinued Finished Good, Semi-Finished Good, and Packaging SKUs in the portfolio. This includes scope tracking, scenario planning analysis for timeline inputs, maintaining planning and master data systems status, inventory runout projections, and financial obsolescence projections.  Ensure adherence to project assumptions in production planning IT systems by maintaining Material Requirements Planning (MRP) and Bill of Materials (BOM) settings. Review purchasing requirements to ensure material purchase orders are placed in line with inventory runout assumptions.  Lead cross-functional discussions to develop mitigation plans for risk identified in the scope of SKU discontinuation and transition projects.  Provide status updates to management on adherence to project plans, root cause of any misses, risks, and options/tradeoffs/recommendations to minimize impact. Support ad-hoc projects for process improvement related to discontinuations and general inventory risk management.  Skills that will make you successful Strong verbal, written, oral, and interpersonal communication skills across multiple levels of an organization Advanced proficiency in Excel including data manipulation and advanced formulas, experience using business intelligence tools preferred Ability to multi-task in a fast-paced environment and able to shift priorities quickly Understanding of Sales and Operations Planning (S&OP) processes Project and program management skills for managing scope, timelines, and assumptions High tolerance for ambiguity Ability to work independently and be a self-starter Experiences that will support your success BA/BS; in quantitative majors preferred (i.e. Engineering, Statistics, Operations Management, Economics, Business, Logistics) 2+ years of relevant experience in Inventory Management, Supply Chain Planning, Project Management or Manufacturing Experience working cross functionally within a manufacturing site or a corporate setting Proficiency in Microsoft Office products Experience using ERP systems, SAP preferred Experience working with batch managed inventory preferred What We Offer

At Ferrara, we're proud to support our employees with comprehensive benefits that enhance health, financial wellness, and include paid time off (PTO). Eligible employees may also receive an annual bonus based on company performance. Learn more about our benefits here.

Compensation

The salary range for this position is $67,500 to $94,500 annually.

 

 

 

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