Inventory Analyst Job Description

Inventory Analyst Job Description

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Inventory analyst provides 24/7 technical support of national Car Wash systems (host based systems built on C# and .Net framework).

Inventory Analyst Duties & Responsibilities

To write an effective inventory analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included inventory analyst job description templates that you can modify and use.

Sample responsibilities for this position include:

Work with Service & Planner / Scheduler associates to implement direct delivery of Service only parts to building 607
Drive quantitative analysis to inform ongoing inventory and pricing decisions
Manage daily inventory and pricing requests from Sales Organization
Collaborate with cross functional groups including Ad Ops, Product, Ad Product Strategy, Sales and Finance to identify pricing and revenue opportunities
Employ in-depth understanding of ad functionality, availability/supply and demand, and delivery mechanism to influence market rate card and pricing of custom ad packages
Integrate pricing models and inventory segmentation
Analyze sales behavior to identify trends and optimize pricing
Maintain reporting, forecasting models, dashboards, etc related to all ad sales revenue channels
Produce, monitor and plan for inventory capacity - short, medium and long term
Performs data analysis, identify opportunities / risk / trends, make recommendations and offer tactical solutions

Inventory Analyst Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Inventory Analyst

List any licenses or certifications required by the position: APICS, CPIM, E3, CSCP, CPP, PICS, ISO, C.P.M, 9001, SAP

Education for Inventory Analyst

Typically a job would require a certain level of education.

Employers hiring for the inventory analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Business, Education, Finance, Engineering, Accounting, Management, Business/Administration, Supply Chain Management, Associates, Mathematics

Skills for Inventory Analyst

Desired skills for inventory analyst include:

Jabil’s software packages
SAP
Excel
Computer based manufacturing systems and MRP
Financial planning systems
Gross Profit rate with Subsidy National Line Plan
Net Sales - National Division Plan
Overall In-stock
Microsoft Excel
Access

Desired experience for inventory analyst includes:

Bachelors Degree required and a minimum of 1-3 years of merchandise retailing experience
Can present ideas and direction to others
Have an aptitude to learn technical applications quickly
Must have excellent analytical/problem solving abilities
At least 2 years professional experience in an analytics role with experience in inventory management a plus
Experience with digital advertising and online publishers with multiple sales channels a plus

Inventory Analyst Examples

1

Inventory Analyst Job Description

Job Description Example
Our company is looking for an inventory 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 analyst
  • Other duties assigned by manager to meet business needs
  • The Analyst of Inventory Analytics will be responsible for partnering with Yield Management and Programmatic teams to produce data-driven insights and processes that will generate incremental digital ad revenue
  • Thorough understanding of Turner's business, ad tech, and data
  • Strong relationship with peers and Directors in Revenue Operations and Technology
  • Become a subject matter expert of inventory analytics
  • Deliver high quality analyses that will change how we think about Programmatic and Yield Management –
  • Develop analytical solutions / processes related to inventory utilization and pricing that will drive revenue and efficiencies
  • Partner with Product Management to define standard reporting requirements for automation and enhance data capture / warehousing
  • Reviews variance reports to determine root cause
  • Completes Month-End and SOX requirements for the Purchasing department
Qualifications for inventory analyst
  • Must be extremely organized, attentive to detail, team-oriented, and able to discuss technical and complex information through oral/written communication
  • Functional knowledge of HTML and Flash is a plus
  • Bachelor’s Degree in a Business/Operations Management related field
  • Knowledge of Salesforce, Operative Order Management, SAS or other business analytics software preferred
  • Ability to think objectively and interpret meaningful themes from quantitative and qualitative data and have the ability to use logic to solve problems
  • Ability to present ideas and direction to others
2

Inventory Analyst Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of inventory 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 analyst
  • Coordinate smooth transition of new product introduction by depleting stock of old products and ramping up stock of new product prior to the launch date in order to maintain optimal level of inventory
  • Act as liaison between vendors, product managers, sales and warehouse staff in order to communicate all pertinent information such as delivery dates, product delays and regulatory issues
  • Assist in performing inventory reconciliations by researching discrepancies and taking corrective action
  • Perform weekly analysis/reports of customer delivery performance that include Days-to-Ship-an-Order and customer backorders by item
  • Provide the Inventory Team with project leadership for activities such as
  • Support various customer center activities to ensure timely delivery, such as direct PO placement, data management
  • Enters vendor returns
  • Lead warehouse reviews with the branches
  • Track Non Conformance material and disposition
  • Develop branch, regional and global demand and inventory plans, in coordination w/ the branches
Qualifications for inventory analyst
  • Incumbent possesses and applies broad knowledge of retail planning and retail allocation
  • The incumbent has strong negation skills and has retail market awareness
  • Strong organizational skills, ability to read, write, speak, and understand English
  • Extensive use of a computer is part of the job responsibility
  • Knowledge of key inventory performance metrics, turns, margin contributions
  • Experience working with statistical or machine learning packages (R, Python Scikit-learn)
3

Inventory Analyst Job Description

Job Description Example
Our growing company is looking for an inventory 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 analyst
  • Cross-functionally partners with operations team on any initiative and improvement
  • Maintains daily presence on the manufacturing floor
  • Some off-shift work will be required for cycle counting, physical inventories, and monthly cut-off times
  • Create, administrate, analyze and report all cycle counts and physical inventories
  • Ensure accuracy of all locations inventory and resolve all discrepancies
  • Completes all inventory clean-up actions
  • Maintains system accuracy for all KERO owned inventory
  • Identify any issues and recommend corrective action to improve inventory performance
  • Assist in department training and support KERO internal audit groups as requested
  • Develop and maintain accounting and process documentation related to the inventory costing process (process flows, narratives, Job Aids)
Qualifications for inventory analyst
  • Broad understanding of advertising industry, online ad delivery, ad serving applications, and contract management systems is desired
  • Excellent statistics skills
  • Prior experience with AWS is a plus Ability to partner with various teams (non-technical to technical)??
  • Hands on approach with investigative problem solving nature
  • 2 - 4 or more years’ experience in a similar role
  • Experience in with a large, multinational manufacturing company, preferred
4

Inventory Analyst Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of inventory analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for inventory analyst
  • Ability to multi-task on various projects at any one time
  • Working ERP knowledge in inventory management and planning functionsMaintain weekly/monthly reports, OOS, AtRisk, Short Dated/Expired inventories, and other Inventory Mgmt reports
  • Maintain accurate inventory levels at our warehouse and manufacturing plant.Allocation maintenance accuracy for all SKUS
  • Participates in maintaining inputs to inventory systems
  • Coordinate with purchasing, production planning and warehouse to ensure appropriate routing, scheduling and storing of goods
  • Monitors purchased parts and bulk items utilizing shortage reports and sales orders
  • Monitor all store transfers and other transactions for accuracy
  • Perform adjustments of inventory after thorough research
  • Ensure inventory accuracy of locations by having locations verified
  • Contribute to the accomplishment of key performance indicators and reduction of negative inventories
Qualifications for inventory analyst
  • Ability to learn battery maintenance requirements and implement recharging processes based on aging
  • Bachelor's Degree with a business concentration or equivalent knowledge is required
  • Skilled proficiency in Microsoft Office including Word and Outlook
  • Intermediate proficiency using Business Intelligence tools
  • Fundamental awareness of mining and manipulating large amounts of data through use of SQL
  • Bachelor's Level Degree in Supply Chain related field
5

Inventory Analyst Job Description

Job Description Example
Our growing company is hiring for an inventory analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for inventory analyst
  • Respond to requests from Sales to adjust inventory for scrap, credit
  • Produce and regularly run KPI’s related to bindery spend, cost of goods, inventory balance, and obsolescence
  • Analyze current inventory reporting, recommend enhancements, and execute them
  • Support the functional business leads in the operations group with special projects requiring research, analysis, and reporting
  • Respond to requests from other groups within the company to provide inventory and product data
  • Maximize the opportunities within the group for making data driven decisions by providing scraped data presented clearly and visually
  • Maximize allocation of orders by monitoring physical and in-transit inventory levels across all product lines and to analyze and minimize unshippables
  • Manage Promotion
  • Provide Sales and Customer Service visibility with regard to the timing of order fulfillment
  • Act as point of contact for Sales and Customer Service regarding future stock replenishment and potential supply issues
Qualifications for inventory analyst
  • Ability to work in cross-functional teams and manage multiple projects at once
  • Leadership skills are required to influence the multi-functional, multi-national teams to deliver against the agreed standards, objectives & schedules
  • Minimum of 2 years inventory planning or purchasing experience is required
  • Bachelor’s Degree in Business Administration or similar field is desired
  • Five or more years working in a distribution warehousing or purchasing environment with hands-on knowledge of inventory management principles and systems
  • Analytical, with critical thinking and problem-solving skills

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