Inventory Analyst

2 weeks ago

St Louis, United States MILLENNIUMSOFT Full time

Position : Inventory Analyst

Location : Saint Louis, MO

Duration : 6 Months contract

Total Hours/week : 40.00

1st Shift

Client: Medical Device Company

Job Category: Supply Chain

Level Of Experience: Mid-Level

Employment Type: Contract on W2 (Need US Citizens Or GC Holders or OPT EAD)

Mon - Fri - 8AM - 5PM - or hours agreed upon with HM

Note:

Bachelor’s or Associate’s Degree in Business Administration, Supply Chain Management, or technical field with at least 5-7 years of experience in inventory control and management.

Job Description:

  • The position’s major responsibilities are counting, reconciliation and reporting results of the cycle counting process for all raw material codes in the St. Louis perpetual inventory locations.
  • Additionally, the position will be responsible for coordinating and making necessary preparations for annual physical inventory counts.
  • At the conclusion of all counts, analyst will provide detailed summary reports of the results achieved and make recommendations for follow-up actions as necessary.
  • The Inventory Analyst also conducts duties related to obsolete inventory, revision of negative inventory, calculation of conversion factors, and unplanned issue transactions for training and validation.
  • Also, performs analysis of and coordinates day-to-day management of inventory reserve balance.

General Functions, Specific Responsibilities, and Authority:

  • Assists in performing daily counts as required by the process.
  • Identifies the causes of discrepancies between the records and actual counts on a daily basis.
  • Makes recommendations for action plans to correct discrepancies and prevent future discrepancies.
  • Summarizes count results using Excel to create graphs, charts, pivot tables, etc.
  • Prepares monthly reports on inventory accuracy results for Management Team.
  • Ensures that inventory lot control process/practices and cGMP’s are being followed.
  • The Inventory Analyst provides the necessary assistance and support to the areas where the counts are performed.
  • Executes the appropriate reports weekly and clears all negative balances within the system. These amounts are reported on a monthly basis.
  • Enters daily counts in the ERP system.
  • Enters on a daily basis in SAP all transactions related to requisitions for validation, qualifications, and training material.

Coordinates and makes preparations for annual physical inventories, which includes:

  • Working together with the Manufacturing Supervisors, Warehouse Managers, and Material Teams on the PI pre-planning including pre-counts and requisitioning necessary supplies.
  • Working with Warehouse and Manufacturing teams on conducting effective PI pre-counts on all manufacturing lines, Inspection areas by providing the coaching and direction to all material handlers and warehouse associates.
  • Preparing and validating the PI headcount list with the Manufacturing Supervisors.
  • Preparing the PI activity schedule for counting, work order reconciliation, cut-offs, receiving and shipping activities.
  • Managing together with Materials and Warehouse the inventory process and analysis.

Analyzing Inventory Reserve Balance

  • Tracking and communicating all slow moving and obsolete materials to ensure they are removed/acted upon in a timely manner.
  • Ensure status changes are performed in SAP for obsoleted materials to prevent potential usage by manufacturing teams.
  • Identifies reserved material eligible for deviation in order to generate savings.
  • Assist in coordination of BOM changes driven by ECR’s/DCN’s involving revision level changes to raw material/components.
  • Ensures safe working conditions and practices in the department.
  • Ensures good housekeeping is maintained in the work areas.
  • Supports the client problem solving initiative by identifying, evaluating, and resolving problems.
  • Complete task specific training before performing any task.
  • Uses the required clothes, personal and securing protective equipment according to the requirements of it’s operation.
  • Complies with the cGMP’s, quality standards and established policies and/or procedures.
  • Executes other duties as assigned by Supervisor.

Knowledge, Education, and Skills Required:

  • Bachelor’s or Associate’s Degree in Business Administration, Supply Chain Management, or technical field with at least 5-7 years of experience in inventory control and management.
  • Basic computer skills and use of software applications.
  • Must know how to analyze data and provide Excel graphs, charts, and pivot tables.
  • Must have a thorough understanding of all transactions related to inventory in SAP.
  • Must have excellent interpersonal skills.
  • Must be teamwork oriented.
  • Must have good analytical and mathematical skills.
  • Must have good communication skills, both oral and written.
  • Must have a continuous improvement mentality and customer service focus.
  • Able to work under pressure, handle multiple tasks, and adjust to changing priorities.

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