Inventory Control Analyst
1) Main purpose of the job
The Inventory Analyst is responsible for executing all inventory control functions for the manufacturing and distribution facilities.
2) Scope of the job
The Inventory Analyst will outline cycle count processes, report results, analyze inventory data, resolve inventory discrepancies, and train others on inventory practices and procedures. They are responsible for tracking inventory, researching discrepancies and maintaining optimal inventory levels, and driving continual improvements. This position will also coordinate the movement and storage of products with between warehouses.
3) Key areas of responsibilities and accountability:
- Responsible for inventory control and inventory analysis for both manufacturing and distribution facilities
- Adjust safety stock levels, and other inventory control tools to optimize inventory levels
- Create, analyze and distribute facility wide metrics and reporting tools, which are used to drive business decisions
- Adjust IFS settings for production and purchasing, and conduct general IFS maintenance
- Summarize results of cycle count in weekly/monthly highlight report
- Analyze inventory data and cycle counts, determine if the problem is recurring and if so, recommend a solution to fix the issue.
- Recommend process changes to minimize inventory loss
- Determine optimal inventory levels by warehouse
- Coordinate replenishment activities for warehouses
- Lead, develop and mentor employees in conducting cycle counts and in correct inventory management
- Provide operations management with recommendations to improve inventory accuracy. To include review of cycle counts and usage ensuring that our bill of materials accurately reflect the actual material usage.
- Map workflows to determine how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
- Be involved with intercompany IFS updates and roll-outs
4) Organization chart
The Inventory Control Analyst will report to the Supply Chain Manager.
5) Requirements (competencies, skills, experience)
- Bachelor’s Degree or an equivalent combination of education and experience
- Proven experience with an ERP/MRP system
- Lean Six Sigma certification preferred
- Must be self-motivated and resourceful
- Ability to multitask and prioritize workload
- Advanced Excel skills required
- SQL and Access skills preferred
- Experience in data mining, analysis and reporting required
- Strong analytical skills and attention to detail
- Excellent written and verbal communication skills
- Minimum of 3-5 years in procurement, merchandise/inventory planning, or supply chain
- Automotive or Retail supply chain experience preferred