Inventory Analyst

2 weeks ago

New Era, United States Hometown Pharmacy Full time

Position SummaryThe Long-Term Care (LTC) Pharmacy Inventory Analyst is responsible for ensuring accurate, efficient, and cost-effective management of pharmaceutical inventory across long-term care pharmacies. The Inventory Analyst uses data analytics, forecasting tools, and vendor coordination to maintain appropriate stock levels and support pharmacy operations.Key ResponsibilitiesInventory Planning & Optimization• Monitor daily ordering quantities of medications, controlled substances, vaccines, and supplies from each LTC pharmacy.• Analyze usage trends and order history to forecast inventory needs and prevent stockouts or overstocking.• Implement inventory optimization strategies to reduce waste, returns, and expired product.• Evaluate medication movement patterns and recommend adjustments to par levels.• Standardize drug files in the operating system to maintain consistency within each LTC pharmacy.Data Analysis & Reporting• Generate and interpret inventory reports, including purchase trends, shrinkage, fulfillment accuracy, and cost-savings opportunities.• Develop performance indicators to track inventory KPIs (turns, service levels, accuracy, cost).• Utilize dispensing data to optimize gross margin with assistance from purchasing software.• Provide regular reporting to leadership and collaborate on inventory-related goals and initiatives.Process Improvement• Identify inefficiencies and streamline inventory workflows through process redesign or system enhancements.• Participate in technology implementations related to inventory, automation, or analytics tools.• Support continuous improvement initiatives across purchasing and inventory operations.QualificationsEducation• Bachelor's degree preferably in Supply Chain, Inventory Management, or related fields.• Equivalent experience may be considered.Experience• 2-4+ years of inventory management.Skills & Competencies• Strong analytical and problem-solving abilities.• Proficiency in Excel, Google Sheets, or BI tools (Power BI, Tableau, etc.).• Excellent communication and collaboration skills.• Detail-oriented with strong organizational abilities.• Ability to work independently and manage multiple priorities.Physical & Work Environment Requirements• Ability to sit, stand, or walk for extended periods as job duties require.• May require occasional lifting of up to 25 lbs.• Work is generally performed in an office or pharmacy environment.Additional Information• Occasional travel to LTC facilities or distribution sites may be required.

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