Inventory Analyst Job Description
Job summary 1
As an Inventory Analyst on our Inventory Management team, you will assist in the development, execution, and communication of financial plans and strategies that support the financial objectives of your product category. The ideal candidate is curious, innovative, results-oriented, and focused on executing a best-in-class customer experience while delivering/exceeding financial targets. An aptitude for learning combined with attention to detail will serve you well.
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Job summary 2
The primary responsibility of the Inventory Analyst is to help mitigate production gap issues and make timely adjustments to customer orders, which are comprised of multiple parts within Oracle.
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Job summary 3
We are seeking to add an Inventory Analyst to our team in our Plant. In this role, you will implement and maintain all the procedures and protocols regarding proper inventory control to maintain accurate system information.
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This is a unique role that is suited to someone who has a passion for beauty, and a desire to work with the world’s most renowned luxury beauty brands. Reporting to the Category Manager, the Inventory Analyst is instrumental in conducting a rolling review of stock reports to identify opportunities and threats to the business relating to the in-stock position. You will activate stock management and ordering processes to ensure Company objectives relating to stock on hand, stock, and budgeted stock levels are met.
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As an Inventory Analyst, you will be a central part of our Supply Chain organization. You will also interact with the Merchandising organization that manages the product assortment for our commercial & online business. You will manage the flow of inventory for specific categories of exciting products to drive sales and profit and deliver a superior customer experience. You will have high-level exposure, development opportunities, and a great deal of responsibility managing a product line from purchasing through to the end customer.
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The Inventory Analyst is responsible for uploading physical inventory counts for all stores, as well as working in conjunction with AP, Purchasing, IT, and DC Operations to verify inventory integrity and make corrections as needed. This position also reports on various aspects of the business as needed, helping to aid in decision-making and improvements in practices.
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We are hiring a detail-oriented Inventory Analyst for our manufacturing facility.
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As an Inventory Analyst you will directly support the Operational team from an Inventory Control perspective with research, adjustments, troubleshooting, data analysis, etc. Will participate in cross-functional teams and lead projects as needed.
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We are looking for an Inventory Analyst. This role is responsible to define and implement best practices in the wall-to-wall inventory management processes for finished goods, sub-assemblies, components, and raw materials. The role will own the cycle count activity, root cause of variation, and leading the action plans to avoid reoccurrences, the role will own reporting metrics of inventory management KPIs like days on hand, daily inventory levels, quality of inventory, cycle counts compliance and accuracy, providing visibility to the materials and plant operations leadership team. The team is ready to act immediately on those candidates who are the best fit for the role. You’ll first hear from someone in Talent Acquisition to schedule a phone screen, and then the next step will be a personal interview with our Hiring Manager. We pride ourselves on moving through processes quickly, and you can be sure of transparency and prompt communication throughout.
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We are looking for Inventory Analyst to join our growing team. This role will maintain and communicate to cross-functional teams every week a list of all accrued departmental backorders and a comprehensive analysis of backorder relief.
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Frequently asked questions
What is the role of an inventory analyst?
An inventory analyst is responsible for monitoring and analyzing inventory levels in a company or organization. They use data analysis tools to identify trends and patterns in inventory, and then use this information to make recommendations for improving inventory management processes.
Some of the specific duties of an inventory analyst may include:
Monitoring inventory levels: Keeping track of inventory levels and making sure that they are sufficient to meet demand, but not excessive.
Analyzing inventory data: Using statistical and data analysis tools to identify trends and patterns in inventory levels, and then using this information to make recommendations for improving inventory management processes.
Forecasting demand: Using historical data and other information to forecast future demand for products, and then adjusting inventory levels accordingly.
Identifying inventory problems: Identifying inventory problems such as stockouts, overstocking, and excess inventory, and then developing strategies to address these issues.
Developing inventory policies: Developing policies and procedures for managing inventory, including ordering, receiving, storing, and tracking inventory.
Overall, the role of an inventory analyst is critical to the success of a business, as effective inventory management is essential for ensuring that products are available when customers need them, while also minimizing the costs associated with excess inventory.
Who does an inventory analyst work with?
An inventory analyst typically works with a variety of individuals within a company or organization, including:
Supply chain management: Inventory analysts often work closely with supply chain management teams to ensure that inventory levels are optimized and that products are available when they are needed.
Purchasing: Inventory analysts may work with purchasing departments to ensure that orders are placed promptly and that the correct amount of inventory is ordered.
Sales: Inventory analysts may collaborate with sales teams to forecast demand and ensure that adequate inventory levels are maintained to meet customer needs.
Logistics: Inventory analysts may work with logistics teams to coordinate the movement of inventory throughout the supply chain.
Accounting and finance: Inventory analysts may work with accounting and finance departments to track inventory costs and ensure that inventory levels are consistent with financial goals.
Production: Inventory analysts may work with production teams to ensure that the correct amount of inventory is available to support production schedules.
Overall, inventory analysts are often viewed as key contributors to the success of a company's operations and supply chain management, and they are expected to collaborate effectively with a range of stakeholders to ensure that inventory levels are optimized and that products are available when needed.