Inventory Control Analyst Job Description
Inventory control analyst
provides extensive analysis using relevant systems and Microsoft Excel using advanced functions such as pivot tables, v-lookups and macros.
Inventory Control Analyst Duties & Responsibilities
To write an effective inventory control analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included inventory control analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Ensure the accurate and timely posting of sales figures coming from point of sale into Workbench/SAP retail system
Become a system expert with regards to assigned subject matter within SAP FMS
Reviews the root cause analysis of SAP Inventory Transaction Work Flows, creating corporate inventory standards and targets with metrics to support continuous improvement
Ensure equipment availability, facilitate the recovery of defective equipment from the field vendors and/or merchants as required to meet predefined targets
Work with Repair vendors to ensure turnaround of returned equipment to available status
Maintain integrity of inventory base
Coordinate and reconcile Quarterly and Annual Physical Inventory Audits
Twice a year, help plan and execute physical inventories for all brands globally
Communicate inventory procedures to store staff and ensure compliance
Reconcile the physical inventory counts to the cutoff book total
Inventory Control Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Inventory Control Analyst
List any licenses or certifications required by the position: APICS, CPIM, CPA, LSS, MRP, MAPICS, PICS, CSCP, CIRM, CPSM
Education for Inventory Control Analyst
Typically a job would require a certain level of education.
Employers hiring for the inventory control analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business, Accounting, Finance, Education, Management, Supply Chain Management, Business/Administration, Engineering, Associates, Computers
Skills for Inventory Control Analyst
Desired skills for inventory control analyst include:
Excel
Basic inventory control concepts and proven ability to perform accurate record keeping
Microsoft Excel
GMP’s and previous work experience in a medical manufacturing environment
Inventory control activities
SAP
Pivot tables
Accounting practices related to inventory and surplus sales transactions
Word
Microsoft Outlook
Desired experience for inventory control analyst includes:
Provide reports based on the reconciled inventory numbers
Select the cycle count sequences and post selections for stores
Conduct all research related to cycle counts
Report on cycle count research findings and identify problem stores
Perform cycle counts as needed at Distribution Centers/Store locations
Provide merchants and other departments with information based on research, cycle count results, damages, and notifications from stores to aid them in their buying or management decisions
Inventory Control Analyst Examples
1
Inventory Control Analyst Job Description
Job Description Example
Our innovative and growing company is hiring for an inventory control analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for inventory control analyst
- Provide stores, DMs and the Loss Prevention Department with relevant reports as necessary
- Monitor the book inventory and distribution status reports, searching for anomalies and correcting errors as they are discovered
- Complete and maintain regular duty functions as assigned and in a timely manner
- Support Inventory Control Manager and other Inventory Control Analysts on projects as needed
- Research missing or incorrect bank deposits
- Manage relationships with Credit Card processors and Banking institutions
- Assist in the development of new systems and upgrades such as store point of sale and back office host systems
- Partnering closely with marketers and merchandisers of the online team
- Managing periodic obsolescence pulls, investigating/resolving all receiving discrepancies
- Oversee physical inventory reconciliation process and delegate responsibilities
Qualifications for inventory control analyst
- Provide daily analysis of sales transactions and investigate any discrepancies
- Develop monthly analysis related to theft, repairs, gifts and handling of goods as deposit account
- Process the stock assessment for the stores of his/her responsibility to ensure the proper application of the retail method of accounting
- Oversee physical inventories of goods at Brioni stores in Europe (preparation, analysis and control of inventory differences, accounting for results)
- Participate in innovation projects in the operational support to European stores belonging to Brioni
- Join both acquisitions and new stores opening projects
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Inventory Control Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking for an inventory control analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for inventory control analyst
- Support Inventory Control Manager and other Inventory Control Analysts on other projects as needed
- Reviews and enters inventory adjustments and transfers
- Researches and validates requests for inventory adjustments and transfers
- Warehouse reconciliation
- Monitoring and correction of Negative On Hand, while identifying and making cross departmental recommendations to correct root cause
- Follow up with DC’s to ensure that inventory discrepancies are addressed and corrected
- Accurately capitalizes costs related to inventory
- Facilitate three-way match process by researching and resolving discrepancies greater than assigned threshold
- Reconcile select inventory balance sheet accounts and facilitate timely resolution of reconciling items
- Conduct month-end transactions and reports and send to Inventory Accounting Supervisor for review and publishing
Qualifications for inventory control analyst
- Ability to read, analyze and interpret inventory reports
- Ability to learn new systems in a timely manner
- Provide logistical support in the organization/coordination of special store replenishment operations
- Join in the preparation of operational policies and procedures related to capital Inventory Control
- Enforce and execute inventory control measures that will ensure minimal stock loss and damage and maximize efficiencies of production
- CPA/ Public Accounting background is a plus
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Inventory Control Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of inventory control analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for inventory control analyst
- Provide support services to the Inventory Accounting team and complete ad hoc tasks and other responsibilities as deemed necessary
- Performs journal entries associated with monthly and month-end duties
- Overall analysis of inventory flow from point of purchase to point of sale ensuring inventory is correctly accounted for
- Support business processes and reviews operational procedures, technologies and methodologies
- Must be flexible with start and end times that are communicated in advance that support Inventory Control best practices for large Distribution Centers
- Responsible for raising purchasing orders in accordance with the agreed forecast
- Work with Parts warehouse & 7 Regional Service centers management to develop monthly, weekly, or daily cycle count schedules to ensure a complete cycle count at each location per month
- Prepare and issue daily cycle counts for 7 field offices, by establishing a master list of parts per month, per site, counting within the month
- Set number of Spare parts per month
- Prepare and issue daily cycle counts for NSC, Spare Parts, NS units, & Sub-units
Qualifications for inventory control analyst
- Bachelor’s Degree in accounting, finance, supply chain or business administration
- 2-4 years of experience (preferably inventory related)
- General Ledger and GL reconciliation experience required, Oracle experience preferred
- Experience with merchandising systems
- Interested candidates must submit a resume/CV online at www.nbcunicareers.com to be considered
- Proficient in data entry and Microsoft Office
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Inventory Control Analyst Job Description
Job Description Example
Our innovative and growing company is looking for an inventory control analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for inventory control analyst
- Coordinate the completion of cycle counts within schedule
- Perform real time updates via variance reporting in system
- Issue variance reports daily and oversee re-counts
- Conduct audits of re-counts, analyze results and make adjustments as necessary
- Submit to Director for approval over set dollar amount
- Identify any risk trending to management
- Compile results, update reporting, measure accuracy, and value for month end reporting
- Post results on a weekly basis to locations for feedback and to focus improvements
- Generate a monthly-consolidated cycle count accuracy report
- Monitor and analyze all recovery activity per month against forecast for cost saving
Qualifications for inventory control analyst
- Part recognised accountancy qualification CIMA, ACCA
- Can effectively communicate with upper level management and external stakeholders in both a written and verbal manner
- Experience working with large datasets is preferred
- Perform analysis of consumption data to make immediate increase or decrease to rate of recovery with Production management based on business demand
- Perform quarterly excess & obsolesce analysis to identify slow moving inventory
- Work with Service marketing, product managers and planners to make decisions for disposition of inventory
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Inventory Control Analyst Job Description
Job Description Example
Our growing company is looking for an inventory control analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for inventory control analyst
- Oversee all aspects of the process from warehouse thru destruction company process
- Establish and maintain property book database for all fixed assets within FSRO by location
- Perform record updates in a timely manner, perform audits of property book and submit reports showing results
- Develop any necessary inventory reports by downloading data through various systems, to analyze inventory movements, users, trending, monitoring all open orders in systems, and identify any risk exposure
- Work with planners and warehouse to ensure immediate and corrective actions are put in place and that inventory is fully controlled
- Develop a comprehensive knowledge of all data systems & operating software, to ensure systems communications and monitor for accuracy
- Develop training programs for Parts warehouse /Service Center personnel to ensure procedural compliance of inventory control programs
- Assist with developing effective operational and logistical procedures for the movement, tracking & disposition of all inventory & fixed assets
- Daily reconciliations of gift card activations and redemptions between webstores, gift card vendors, and internal merchandising system
- Work closely with the teammates to investigate and report inventory and sales issues on the webstores
Qualifications for inventory control analyst
- Minimum of 2 years prior experience in above Inventory Control duties required
- Must be very detail oriented and the ability to multi-task
- Must have a positive attitude, excellent communication skills with focus on teamwork and rapid problem resolution
- English, Spanish languages is preferred
- Oracle and Lucas experience is a plus
- Work on projects with IT to address existing issues in system work on projects for system enhancements