Inventory Analyst
1 month ago
SUMMARY
The Inventory Analyst is responsible for developing, implementing and maintaining all procedures and protocols regarding proper inventory controls of machines, attachments and option kits. He/she is responsible to ensure and closely monitor sales trends and conduct analyses in order to maintain cost-effective inventory levels, satisfy customer requirements and minimize backorders.
RESPONSIBILITIES
- Assess and monitor warehouse inventory transactions, work to keep appropriate and accurate inventories
- Work closely with sales, procurement team and 3PL to plan for future material requirements and minimize any supply chain interruptions.
- Identify and resolve discrepancies in inventory, including but not limited to, end of month reconciliation.
- Generate and report weekly inventory reports to the management, analyze root causes of inventory issues and provide resolutions
- Supports and promotes continuous improvement activities and cost savings opportunities.
- Responsible for all machine, attachment, option warehouses.
- Assist implementing the MRP system and consider customer expectations and overall profit plan when optimizing planning processes, scheduling resources, and maintaining the proper balance of inventory while avoiding production/installation interruptions
- Maintain inventory integrity and ensure accuracy in all related supply chain processes.
- Monitors inventory levels very closely and resolves any issues that may become apparent.
- Utilize BI tool and create reporting on inventory results.
- Develop root causes and corrective actions for inventory that trends in the wrong direction.
- Develop better processes and tools to improve inventory controls, accuracy, and accountability.
- Manage inventory adjustments and transfers.
- Develop and document inventory processes and policies.
- Establish, monitor, and improve key performance metrics.
- Plan and execute any inventory audit as required.
- Bachelor's degree in Supply Chain, Science, Engineering, Finance or Business
- Minimum five (5) years of experience in supply chain manufacturing environment or an equivalent type of job
- Knowledge and experience in materials requirements planning systems, production planning, inventory control, and Procurement Strategies is a plus
- Advanced proficient skills in MS Office and aptitude to learn other software systems and applications
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