Inventory Analyst

Job Description

Must Haves:

1-3 years of experience with Supply Chain, Inventory Replenishment, and/or Inventory Management

Prior experience cutting purchase orders and ordering inventory from suppliers

Pluses:

Inventory replenishment experience; including supplier facing communication

Proficiency in inventory management software such as Oracle, GAINS, or similar platforms

Certification: Procurement, negotiations, or supply chain certifications

IT procurement experience

A Brief Overview

A large client of Insight Global is looking to bring on an Inventory Analyst. This Inventory Analyst role is a pivotal role within the organization, reporting directly to the Inventory Manager. This position is responsible for maintaining a superior in-stock position of inventory across the clients fulfillment network. This role is highly cross-functional, requiring close partnership with procurement, supply chain, and leadership teams to communicate supplier performance, SKU-specific inventory issues, and opportunities for supplier improvement. The Inventory Analyst is expected to create and distribute exception management reports, proactively address inventory deficiencies, and recommend actions to mitigate customer impact. Key success criteria for this role include driving business outcomes, fostering effective collaboration, continuously improving replenishment processes, and embracing organizational change. The ideal candidate demonstrates analytical acumen, operational excellence, and a proactive approach to inventory management within the dynamic automotive retail environment.

What you will do

Generate purchase orders for made-to-order and finished goods inventory with designated suppliers, maintaining accurate lead times, minimum order quantities, and relevant ordering parameters

Oversee outstanding purchase orders and assess the need for expediting or spot purchases to ensure optimal inventory levels and reduce the risk of stockouts.

Collaborate with suppliers to efficiently manage and update purchase order information, ensuring proactive alignment of lead times, order quantities, and purchasing accuracy.

Conduct regular stock assessments and oversee inventory levels throughout the fulfillment network to recommend transfers that promote balance, manage slow-moving or obsolete inventory, and minimize stockouts.

Partner with the procurement team to provide detailed communication regarding supplier performance, including SKU-specific inventory levels, lead time metrics, and areas for potential supplier improvement.

Coordinate with purchasing, sales, demand planning, and fulfillment teams to ensure replenishment strategies are effectively aligned and prioritized in accordance with business objectives.

Examine inventory reports to effectively address unforeseen fluctuations in demand or supply chain disruptions, making necessary adjustments to replenishment plans as required.

Employ continuous improvement strategies to propose systematic and procedural modifications aimed at optimizing supplier performance, minimizing stock shortages, and increasing technician and customer satisfaction.

Full-time