Inventory Planning Analyst Job Description

Inventory Planning Analyst Job Description

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Inventory planning analyst provides data and analysis for management reports through the use of Excel, Cognos, VB and Access databases.

Inventory Planning Analyst Duties & Responsibilities

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

Sample responsibilities for this position include:

Maintain responsibility for the organization and accuracy of the material master information between MDM & SAP systems for all new parts introduced into product group
Maintain SAP material master with exact and up-to-date information regarding description, location, order point, lead-time, obsolescence, and supplier sourcing
Maintain responsibility for creating purchase requisitions, on a daily basis, for appropriate vendors through SAP- MRP system, and converting requisitions to purchase orders
Responsible for daily approvals and tracking of a network’s commercial inventory including new and revised plans, movement requests, makegoods, and audience deficiency unit allocations
Work directly with the Ad Sales teams for resolution and clearance of inventory
Maintain tracking reports of commercial inventory
Reconcile weekly projected revenue reports
Generate ad hoc analyses and reports
All other duties as needed and as directed by supervisor
Create purchase requisitions for locally sourced materials and provide to the Buyer to place orders with appropriate lead times

Inventory Planning Analyst Qualifications

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

Licensing or Certifications for Inventory Planning Analyst

List any licenses or certifications required by the position: APICS, CPIM, CSCP, PICS, CMA, CPA, CPSM, BA, BS, C.P.M

Education for Inventory Planning Analyst

Typically a job would require a certain level of education.

Employers hiring for the inventory planning analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Engineering, Finance, Education, Accounting, Business, Business/Management, Statistics, Interpretation, Supply Chain Management, Information Systems

Skills for Inventory Planning Analyst

Desired skills for inventory planning analyst include:

Statistics and quantitative data analysis and interpretation
Microsoft Excel
Prepared materials
SAP
Excel
Access
Databases and their functions
Financial measures and how in-season strategies impact them
Powerpoint and Outlook
Alteryx

Desired experience for inventory planning analyst includes:

Prepare and analyze budget vs
Practical mathematical skills/ability to problem solve
Preferred Bachelor's degree in Business, Economics, Finance, Statistics or Supply Chain
Strong understanding of Inventory planning
Strong technical skills and the ability to learn, troubleshoot and own/manage complicated models
Strong problem solving skills,“detail oriented” strategic thinking

Inventory Planning Analyst Examples

1

Inventory Planning Analyst Job Description

Job Description Example
Our company is growing rapidly and is hiring for an inventory planning 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 planning analyst
  • Analyze order points for items on a consistent basis, reviewing 30,60,90 day volumes
  • Analyze trends to ensure ordering of correct quantities, maintaining optimum stock levels, and optimizing pricing based on purchase quantities for locally purchased materials
  • Monitor open purchase orders against requested due dates of delivery to identify critical low stock situations
  • Communicate daily, weekly on backorders to improve delivery and reduce backorder delays with vendor
  • Analyze delivery performance trends for on time performance and backorder issues with each vendor and drive vendor to improve their performance
  • Coordinate a smooth transition from older product lines to new product lines by depleting old stock through analysis of Excess & Obsolete reports for non-activity items
  • Evaluate the necessity of orders in an effort to minimize the risk of E&O from occurring
  • Review inventory in stock over 180 days and the percentage of total stock
  • Create return purchase orders as necessary for claim returns by obtaining RMA’s
  • Enter Sales Orders from International business group, setting delivery dates based on availability
Qualifications for inventory planning analyst
  • Proficiency with all areas of project management preferred - identify/communicate opportunity, define requirements/scope, implementation, and support
  • Create weekly report to communicate current order statuses
  • Manage all communication with the business center
  • Bachelor’s Degree with business concentration is required
  • Minimum of 2 years experience in inventory material planning is required
  • Must have prior experience with ERP system
2

Inventory Planning Analyst Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of inventory planning 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 planning analyst
  • Maintain SAP/Oracle material master with exact and up-to-date information regarding description, location, order point, lead-time, obsolescence, and supplier sourcing
  • Maintain responsibility for creating purchase requisitions, on a daily basis, for appropriate vendors through SAP/Oracle-MRP system, and converting requisitions to purchase orders
  • Management of finished goods inventory across multiple distribution centers to ensure proper inventory levels are maintained and ready for go-live
  • Define and monitor demand management key performance indicators (KPIs)
  • Measure and improve business unit process maturity for demand management
  • Create action plans to meet or surpass metric targets
  • Lead on-site process improvement workshops and events
  • The creation and maintenance of the SIOP Standard Factory Playbook, including definitions, SIPOCs, process maps, templates, and standard work
  • Act as liaison between Aerospace Customers Business Development (AC&BD) and the business units for communicating critical customer demand information
  • Collaborate with AC&BD to ensure accuracy of the Vehicle Production Schedule (VPS)
Qualifications for inventory planning analyst
  • Own and manage individual projects (or components of larger initiatives)
  • Must be able to develop own database queries and reports
  • Excellent analytical skills and organizational skills are desired
  • Must work well independently and as a team player
  • Business and economic principles and practices
  • Ability to apply intensive and diversified standard evaluation, selection, and substantial adaptation and modification of standard finance, accounting, business, and economic techniques, procedures, and criteria
3

Inventory Planning Analyst Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of inventory planning 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 planning analyst
  • Evaluate and execute planning system recommended order management transactions
  • Manage volume turns and safety stock levels in order to optimize inventory utilization in support of corporate objectives
  • Provide material alternatives to customers through the application of slow moving and non-standard inventory
  • Consolidate melt and/or finish orders based on chemistries, verify order requirements and make assignment switches in conjunction with Technical
  • Monitor and evaluate planning systems to identify and resolve action messages
  • Analyze off quality/dormant inventory/over production and returned material
  • Develop procedures in concert with Manufacturing, Sales, and Technical, for possible application to orders, offer for sale to secondary customers in an attempt to reduce surplus material or process Z-orders to scrap the material
  • Represents inventory group on cross-functional projects and manages Inventory-specific subsets of these projects
  • Responsible for inputting and updating rates and audience/rating forecasts for all RMI broadcast assets into proprietary computer system
  • Responsible for inputting and updating Agency Deal rate parameters and discounts into proprietary system
Qualifications for inventory planning analyst
  • Proficient in Outlook & Word
  • Support the Inventory Planning team through defining tools and processes required to execute to ourbrand goals, support the teams through implementation
  • Monitor key performance indicators (KPI’s) for planning activities and provide monthly operations reports to management
  • APICS or C.P.M
  • Self-starter able to operate without direct supervision
  • Must thrive in a challenging environment
4

Inventory Planning Analyst Job Description

Job Description Example
Our company is growing rapidly and is hiring for an inventory planning analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for inventory planning analyst
  • Ensure lost demand is correctly accounted for in the demand history
  • Maintain item level data and categorization of items as eligible for stocking/non-stocking
  • Execute the process to transition items between stock and non-stock inventory positions
  • Ensure discretionary investments are properly recorded and managed
  • Perform system maintenance and maintain master data within planning areas and processes
  • Responsible for the control of inventory levels for assigned unit or area
  • Tracks, monitors, generates and analyzes data
  • Conducts follow up, corrective action or other appropriate action
  • Assists with retail inventory replenishment
  • Inventory Forecasting and Month End
Qualifications for inventory planning analyst
  • Bachelor’s degree in Business, Supply Chain or Inventory required, MBA strongly preferred in addition to professional certifications
  • Business Problem Solving
  • Industry, Channel, and / or Customer Expertise
  • Four-year college degree and a minimum of 5 years related experience
  • Must be knowledgeable of industry, sales channels, the sales process, Demand Planning, booking programs, style life cycle management, and the critical link to supply
  • Strong written and verbal communication and interpersonal skills with an emphasis on problem solving, conflicting objectives, and dealing with multiple customers
5

Inventory Planning Analyst Job Description

Job Description Example
Our innovative and growing company is hiring for an inventory planning analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for inventory planning analyst
  • Analyze min/max, re-order points for items on a consistent basis, reviewing 30,60,90 day volumes
  • Continuously evaluate the necessity of orders in an effort to minimize the risk of E&O from occurring
  • C&D Accounts Analysis
  • Closely communicate supply action plans with supply planning
  • Support S&OP and MPS process in Demand shaping
  • Support the line moves and new product system set ups (MFG categories, planning &SC parameters, coordination of BOM, PBOM and SOP/MPs related set ups
  • Form 2328 data plug-in for Oracle Item Master for planning side
  • Analyze sales, profit performance, vendor performance, inventory position, allocation and replenishment
  • Make inventory placement decisions based on fulfillment capacity, sales, and profit constraints and evaluates results to improve future decisions
  • Understand the capabilities and limitations of different fulfillment channels
Qualifications for inventory planning analyst
  • Occasional travel to Sales Meetings
  • Strong analytical skills, ability to generate and use quantitative, qualitative data for analysis and decision making purposes
  • Minimum of three years experience in a production, scheduling, and planning environment, manufacturing or technical process environment
  • Ability to use appropriate technical knowledge to solve material application problems
  • Ability to operate a computer workstation
  • Ability to manage larger, more complex projects

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