Job Description
Director Global Inventory Management job requires strategic inventory management, demand forecasting, and cash flow optimisation to drive business growth and efficiency.
The Director Global Inventory Management role is responsible for contributing to the strategic management and optimisation of the company's global inventory assets across all regions and business units. This role is critical in aligning inventory strategy with business objectives, budgets and forecasts, ensuring optimal stock levels, driving efficiencies in inventory management and meeting cash flow targets.
- Develop and implement a global inventory strategy that aligns with corporate goals, including profitability, cash flow and operational efficiency.
- Monitor and adjust inventory levels to optimise working capital while maintaining product availability and minimising stock-outs and excess inventory.
- Use advanced analytics and forecasting models to predict demand, manage lead times and optimise stock levels globally.
- Collaborate with the finance and operations teams to meet cash flow targets through efficient inventory management.
- Identify and execute initiatives to reduce working capital tied up in inventory, while balancing service level agreements and operational needs.
- Drive cost savings initiatives in the supply chain by optimising inventory turnover, reducing obsolescence and improving inventory accuracy.
- Ownership of budgets and quarterly forecasts process. Ownership of monthly reporting providing clarity on results, deviations to forecasts, root causes. Risk and write off with P&L impact.
- Oversee and ensure consistent inventory planning processes across all regions, considering local demand, market conditions and supply chain constraints.
- Implement best practices insights on demand forecasting, replenishment and order management to optimise stock levels globally.
- Work closely with regional and vertical supply chain, launch, procurement, manufacturing and sales teams to ensure inventory aligns with overall business objectives.
- Partner with procurement and logistics teams to ensure timely availability of goods while optimising costs and lead times.
- Collaborate with launch and regional commercial teams to plan for new product launches, end-of-life (EOL) transitions and other projects requiring bridging stock, without excess inventory build-up.
- Analyse data and use key performance indicators (KPIs) to track inventory performance, stock levels (DIO), turnover rate and other critical metrics.
- Champion, mentor and develop a high-performing global inventory management ethos, fostering a culture of accountability, continuous improvement and operational excellence.
The ideal candidate will have a Bachelor's degree in Supply Chain Management, Operations, Business, Finance, or a related field required. An MBA or advanced degree would be preferred.
- Minimum of 10+ years of experience in global supply chain management, inventory control, or related roles in complex, multi-national environments.
- Strong understanding of inventory management principles, demand forecasting, supply planning and cash flow optimisation.
- Experience with ERP systems and advanced inventory management tools.
- Proven track record of optimising inventory levels while driving cost savings and meeting cash flow targets.
- Exceptional analytical skills, with the ability to translate data into actionable insights.
- Strong leadership and interpersonal skills, with a demonstrated ability to lead cross-functional teams and influence senior stakeholders.
- Excellent problem-solving and decision-making abilities, with a focus on strategic thinking and execution.
- Knowledge of global supply chain trends, risks, and best practices.
- Ability to work in a fast-paced, dynamic, and global environment.
Viatris is a global healthcare company that is committed to advancing responsible and sustainable operations and leveraging its collective expertise to empower people to live healthier at every stage of life.