Inventory Management Analyst Job Description
Inventory management analyst
provides analysis and reports using various logistics information systems to monitor and measure the effectiveness of logistics activities.
Inventory Management Analyst Duties & Responsibilities
To write an effective inventory management analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included inventory management analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Manages expedited purchase and deliveries of product in response to the needs of the business outside the normal timelines and processes
Utilize a risk based approach to assess inventory management processes and controls to ensure efficient and effective design and operating effectiveness to meet internal goals and governmental regulations
Enable processes that allow for execution of pull dynamics between partners in the supply chain
Perform buyer score carding to evaluate current buying trends, shelf turns, store shipping schedules
Monitor actual vs
Communicate closely with internal counterparties such as the Business Group, Middle Office, Legal, Tax, Controllers
Track availability of all materials associated with a Program from Supply Planning, Promo Ops, Promo Purchasing
Analyze historical data and current trends
Analyze sales trends relative to inventory position and current on order to determine the timing and quantities for reorders
Manages category on order to ensure efficiencies associated with increased order quantities or consolidation of orders to minimize logistics, customs (duties and fees) and warehouse processing costs
Inventory Management Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Inventory Management Analyst
List any licenses or certifications required by the position: APICS, ITIAM, IREB, IIBA, SCM, CMA, CPA, BI, IMS
Education for Inventory Management Analyst
Typically a job would require a certain level of education.
Employers hiring for the inventory management analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business, Finance, Accounting, Management, Economics, Engineering, Education, Supply Chain Management, Computer Science, Associates
Skills for Inventory Management Analyst
Desired skills for inventory management analyst include:
Processes
Information systems
Department of Defense and DoN organization
CPWM Inventory Management and recapping systems and spreadsheets
Geographic and store-attribute performance and trends through qualitative and quantitative analysis
NAVSUP Global Logistics Support and the Fleet Logistics Centers
Qlikview development
RPA
Theoretical logistics and stock management
Food service industry products and brands would be an asset
Desired experience for inventory management analyst includes:
Manages system retail pricing and exit strategies
Responsible for day-to-day upkeep of station inventory (programming, estimates for out of book sports and specials, new programming and associated rationale)
Reviewing audit findings and problem areas
Identifying causes for errors and inconsistencies, and developing pragmatic but sustainable solutions that will help the government in improving and managing its financial operations related to inventory management and reporting
Understanding inventory related transactions – operationally and financially, system and data flows, reports, management controls, policies, and practices affecting or reflecting the financial condition and operating results of the activity
Provide financial/logistical analysis of inventory related data, transactions and reporting
Inventory Management Analyst Examples
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Inventory Management Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking for an inventory management analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for inventory management analyst
- Research inventory balances, identifying documentation gaps
- Develop inventory balance pricing methodology that can be documented and consistently applied, that will meet audit requirements
- Develop implementation plans and schedules, with performance measures built in, so that implementation can be monitored
- Contribute to the formulation of internal procedures to address gaps, or problem areas and build standardization/consistent practices that can be auditable
- Develop detailed data flows to show how inventory related activities are being interpreted at a transaction level, and how they are processing through the system, and into Analyze and interpret financial directives to determine the applicability to the NAVSUP programs to ensure that asset related process are being followed, that the system is processing actions correctly and that controls are working as intended
- Develop detailed data flows to show how inventory related activities are being interpreted at a transaction level, and how they are processing through the system, analyze and interpret financial directives to determine the applicability to the NAVSUP programs to ensure that asset related process are being followed, that the system is processing actions correctly and that controls are working as intended
- 10% Works with the manager and project manager to provide updates on project status, issues, roadblocks
- Minimum of 5 years’ experience working in Sales Operations, Supply Chain, Finance or IT
- Bachelor’s degree in Finance, Accounting, Business, Operations or equivalent field is required
- Experience in consignment inventory analytics experience strongly preferred
Qualifications for inventory management analyst
- Financial related certificate preferred - CGFM, CDFM CPA, CISA, or other audit related certification)
- Inventory maybe in supply chain or inventory management or logistics, any relevant certifications?)
- Strong analytical skills including ability to forecast
- Medical device or healthcare related experience is a plus
- Must possess problem-solving and time management skills
- Customer Service, Accounting, Finance or Supply Chain experience beneficial
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Inventory Management Analyst Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of inventory management 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 management analyst
- Execute duties in accordance with applicable safety and environmental guidelines and practices
- Develop and record Inventory management Best Practices to advocate, share with, and educate Country Operations locations
- Perform in a highly objective professional and ethical manor to gain and sustain trust as a valued service provider and adviser
- Must have the ability to travel domestically 50-75% of the time
- Analyze rates and plans to ensure all deals are profitable
- Prepare to gain a comprehensive understanding of Loans
- Partner with the Business and Federation to provide subject matter knowledge
- Manages exit strategies with a focus on avoiding cannibalization of sales of full priced product
- Synchronize placement of purchases for domestic and international parks for commonly sourced products to maximize cost savings utilize this process to allow for purchases of items that the production requirements would otherwise prohibit
- Partner with vendors and Accounts Payable teams to ensure payments are processed in accordance with negotiated payment terms and methods
Qualifications for inventory management analyst
- Working knowledge of TAMS, RC (Request Center) and other asset related systems is a plus
- Must have 2 years relevant experience in hospitality, pricing or yield management or other closely related field
- Must provide proof of, and maintain current immunizations and obtain additional immunizations appropriate for the facility which enables access to customer sites in order to perform essential job functions
- Bachelor’s degree with 2 years of professional experience working with Supply Chain Management and/or Manufacturing
- Associate’s degree with 4 years of professional experience working with Supply Chain Management and/or Manufacturing
- Bachelor’s degree in in a Supply Chain Management, Operations Research, Operations Management, and/or Engineering field is a plus
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Inventory Management Analyst Job Description
Job Description Example
Our company is growing rapidly and is hiring for an inventory management analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for inventory management analyst
- Evaluate and deploy tools that size proper inventory levels within each stocking point in the manufacturing system
- Deploy a methodology for Single Use Kanbans to drive added inventory when deemed necessary
- Work with manufacturing base to properly account for Kanban/ROP logic within the demand propagation and MRP
- Work with broader IMOS operating team to ensure Juniper’s success in meeting inventory and delivery performance goals
- Establish inventory par levels -- Analyze specific criteria and caterer input to determine appropriate inventory levels needed for each part number at each location
- Customer Service / Vendor Management -- Will partner with caterers and other vendors to ensure our caterers have the equipment they need to execute their jobs
- Equipment logistics oversight to ensure equipment is delivered according to standard operating procedures and within the established lead times to ensure a location doesn't run out of stock
- Prepare, coordinate, and complete cycle count programs
- Conduct research and root cause analysis related to inventory and order managements
- Enter & prepare work orders, sales orders, and purchase orders
Qualifications for inventory management analyst
- Familiarity with online ad serving, order management systems, and data management platforms a plus
- Bachelor degree, or equivalent experience with a concentration in purchasing, supply chain, operations management or a related field
- 3+ years of digital media experience, publisher side preferred • BA/BS College degree or higher • Experience with Yieldex preferred • Demonstrated ability to thrive in a fast paced environment while managing multiple projects and tight deadlines • Excellent oral and written communication skills
- AX 2012 Inventory Management Business Analyst to assist our Client with Third Party Logistics Vendor
- Lead the testing of the solution through UAT and support our Client during and post deployment
- Microsoft Dynamics AX Functional
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Inventory Management Analyst Job Description
Job Description Example
Our growing company is looking for an inventory management analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for inventory management analyst
- Check accuracy of vendor invoices and other job costs, make corrections and pass through for payment
- Expedite rush orders to meet client deadlines
- Work with customers & vendors on issues relating to customer accounts, resolving account’s issues
- Work closely with various teams
- Resolve issues on incomplete, pending or closed orders
- Analyze large data sets (transnational data in nature) to gain business insights and deliver actionable findings/proposals
- Publish, manage/maintain various inventory reports
- Responsible for getting inputs and working closely with different stakeholders to address issues related to inventory reports
- Conduct RCCA (Root Course and Correct Action) to identify areas of improvement, especially related to material positioning strategy, business practices and excess inventory
- Be a part of the team to work out inventory management strategies
Qualifications for inventory management analyst
- Dynamics AX Technical Architecture
- AX Technical expertise with Data Masons and/or AIF interfaces are a plus
- Candidate must be comfortable in a high pressure environment
- 5-10 years in progressive responsibility roles within a Supply Chain Management functions
- Excellent knowledge of inventory control, data analytics, and planning systems with strong working knowledge of inventory management software
- An analytical mindset to problem solving
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Inventory Management Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of inventory management 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 management analyst
- Analyze sku and program productivity to ensure store turn and WOS goals are met
- Review inventory positions and sales for each DC service area
- Partner with Planner to balance workloads and priorities
- Research inventory or other property balances, identifying documentation gaps
- Develop inventory or other types of property balance pricing methodology that can be documented and consistently applied, that will meet audit requirements
- Develop detailed data flows to show how inventory or other property related activities are being interpreted at a transaction level, and how they are processing through the system
- Provide data necessary to help initiate cost saving measures such as lowering inventory levels, improving service levels, lowering TCO, reducing dead and excess inventory
- Review and analyze inventory positions and sales for each DC service area
- Communicate and make decisions with Planner regarding balancing of workloads and priorities
- 1 year of experience in Planning preferred
Qualifications for inventory management analyst
- Demonstrated effectivity in working with multi-cultural, multi-location team
- BSc/BA in business administration
- 1-3 years work experience in Finance or related field
- Fluent MS Office skills with a focus on Excel, Access and PowerPoint
- Ability to effectively work with others in the organization outside suppliers
- Some evening/weekend work will occasionally be necessary to meet deadlines or the needs of the operations