Analyst, Inventory Jobs

Forecasting: Generate forecast for drugs and supplies that controls daily purchases and is critical to service level to customers, using appropriate system parameters and analytical techniques that will create the most accurate forecast. Using historical data and other information from various internal teams, review and analyze and further factor the forecasts to ensure service level, inventory turnover and inventory dollar metrics are met. Track forecasts to actual, identify forecast errors and take action to improve forecast accuracy. Review other system tracking and take appropriate actions for further forecast improvement. Adjust forecasts for current and upcoming events such as generic launches, contract implementations, pharmacy and formulary changes, drug manufacturer backorders and other business changes.
Managing changes: Use available reporting to pull/distribute dispensing information. Process input received from internal teams to adjust forecasts for changes from one manufacturer product to another and unavailable or discontinued items to their replacement or other preferred items. Review forecast inquiries from internal team members to determine if adjustments are required.
Reporting & Maintenance: Supply forecast reports to our suppliers and Trade Relations. Identify most appropriate package size/s where needed. Using available reporting, pull data on surplus, no movement items or other requirements and analyze data according to management needs. Perform SAP parameter reviews and make recommendations for changes that ensure the impact to service level and inventory dollars is balanced. Suggest process improvements and if approved, document in work instructions. Performance of duties as required by supervisor, including (but not limited to): frequent projects related to compiling and analyzing data (volume, inventory, consumption, purchases, forecasts, and product movement information) as well as performing root cause analyses.
Interaction: Work individually and as a team (including back-up responsibilities). An awareness of teammates’ projects is required so as not to take actions that conflict with project strategy. Appropriately identify and report consumption concerns to ensure accurate forecasts.
Pay Range
The typical pay range for this role is:
Minimum: 40,560
Maximum: 83,400
This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.
In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company's 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (PTO) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.
For more detailed information on available benefits, please visit

jobs.CVSHealth.com/benefits

Required Qualifications

• 2-3 years of relevant work experience.
• Advanced Excel skills are crucial. This must include the ability to format, sort, filter, pivot, merge and efficiently analyze mass amounts of data.
• Demonstrates advanced analytical skills and statistical knowledge. Is able to tailor reporting depending on audience to provide conclusions and recommendations.
• Must have a strong understanding of Supply Chain concepts and the impact of forecasts & MRP on other areas of the business such as Operations, Finance, Accounting, and Logistics.
• Has a process improvement mentality and is able to perform root cause analysis.

Preferred Qualifications

• Is able to train team members.
• Performs work in an accurate and timely manner and is detail oriented.
• Experience in a Demand Planning/Forecasting role is a plus.
• Demonstrates an understanding of Corporate Policies and how they apply to day to day responsibilities.
• SAP experience
• Has strong interpersonal skills and business image/polish. Is able to interact effectively and professionally at higher levels within the organization.
• Should be capable of working at an extremely detailed level while remaining flexible in a rapidly changing business environment.

Education
Bachelor's degree in a Business-related field is preferred, but can be substituted for equivalent experience of at least 5 years across multiple aspects of the Supply Chain with previous roles in inventory management, manufacturing planning and/or forecasting.
Business Overview
Bring your heart to CVS Health Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand — with heart at its center — our purpose sends a personal message that how we deliver our services is just as important as what we deliver. Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable. We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an affirmative action employer, and is an equal opportunity employer, as are the physician-owned businesses for which CVS Health provides management services. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities.