Job Information
CVS Health Executive Director, Inventory Management & Optimization in Woonsocket, Rhode Island
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.
Position Summary:
The Executive Director of Inventory Management & Optimization for our Retail Front Store is a pivotal leadership role responsible for driving significant business outcomes by optimizing inventory levels and enhancing in-stock performance. The ideal candidate will possess a deep understanding of supply chain processes, replenishment strategies, forecasting analytics, and logistics alignment, all aimed at reducing costs while maximizing service levels. This role will also involve close collaboration with merchandising leaders to identify business opportunities and mitigate risks, ensuring a seamless flow of products from distribution centers to our retail locations.
Key Responsibilities:
Strategic Development: Formulate and implement category-level strategies that enhance service levels, improve inventory turnover, increase Gross Margin Return on Investment (GMROI), and minimize working capital.
Team Leadership: Lead and mentor a team of inventory directors and planners, fostering collaboration with merchandising partners to achieve financial targets and optimize the Balance Sheet and Profit & Loss statements.
Forecasting & Reporting: Oversee regular End of Period (EOP) forecasting and provide insightful updates to leadership, ensuring alignment with business objectives.
Cross-Functional Collaboration: Partner with Distribution Centers (DC), Transportation, and Store Operations teams to drive operational efficiencies and eliminate waste in inventory management strategies.
Innovation & Analytics: Utilize cutting-edge data analytics and innovative practices to develop and refine best-in-class inventory management processes that support business growth.
Required Qualifications:
Minimum of 7 years of experience in supply chain management or the retail industry, with a proven track record of success.
At least 5 years in a leadership role within a retail, distribution, or manufacturing environment, demonstrating the ability to drive results.
Willingness to travel up to 15% of the time as needed.
Strong leadership skills with a comprehensive understanding of the retail and supply chain landscape.
Proven ability to achieve measurable results in a fast-paced, dynamic environment.
A visionary mindset with the capability to challenge the status quo and think strategically.
Preferred Qualifications:
Advanced degree in a relevant field (e.g., MBA, Master’s in Supply Chain Management).
Professional certifications such as APICS or Lean Six Sigma, demonstrating a commitment to continuous improvement and operational excellence.
Education
Bachelor's Degree Required
Master's Degree Preferred
Pay Range
The typical pay range for this role is:
$131,500.00 - $303,195.00
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. This position also includes an award target in the company’s equity award program.
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 Benefits | CVS Health (https://jobs.cvshealth.com/us/en/benefits)
We anticipate the application window for this opening will close on: 02/07/2025
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
We are an equal opportunity and affirmative action employer. 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.