Inventory Analyst

Maine Oxy•Auburn, ME

10d•Onsite

About The Position

An Inventory Analyst is responsible for monitoring and analysis of inventory levels across warehouse and store locations. The role involves conducting regular cycle counts, audits, and reconciliation with warehouse and store personnel. Inventory Analysts are also responsible for developing and maintaining inventory reports and other dashboards for key stakeholders to allow them to make timely business decisions. They often participate in cross-functional projects to improve efficiency, profitability, and customer service. Additionally, they may collaborate across departments to ensure efficient inventory management. This role requires strong technical proficiency, analytical thinking, and excellent communication skills to collaborate across departments. The ideal candidate is highly organized, proactive, and capable of managing both daily tasks and strategic projects that drive company performance.

Requirements

Intermediate skills with Microsoft Office applications, including Excel and Word are preferred
Ability to manage multiple projects and participate in driving to timely completion
Understanding of the inventory processes and cycle counting best practices
Effective communication skills to interact with cross-functional teams
Strong analytical, problem solving, written and verbal skills
Ability to work independently while also collaborating effectively across departments
Bachelor’s degree in business administration, or related field (preferred)
While performing the duties of this job, the employee is regularly required to see, speak, and hear.
Frequent sitting, standing, walking, using hands to finger, handle, or feel; reach with hands and arms; may stoop, kneel, or crouch.
Occasionally lift and/or move up to 50 pounds

Nice To Haves

Previous experience in an inventory analyst or buyer role will be considered

Responsibilities

Addresses inventory challenges effectively and escalate issues in a timely manner.
Tim’s Updating (part maintenance, serial number maintenance, inventory adjustments, etc.).
Manage the blanket order process and Demo items from vendors.
Work with key stakeholders to understand inventory adjustments and fluctuations.
Managing stock levels to prevent shortages or excess inventory.
Maintain the Inventory Adjustments on SharePoint.
Coordinate all cycle counts, ensuring that all items are inventoried a minimum of four times per year.
Monitor and analyze inventory levels across warehouses, stores, and distribution centers.
Assist with forecasting inventory requirements based on historical data, sales trends, and seasonal factors.
Coordinate with procurement, sales, and operations teams to align supply with demand.
Identify slow-moving or obsolete inventory and propose solutions for reduction.
Conduct regular audits and reconcile physical stock with inventory management systems.
Develop and maintain inventory reports and dashboards for key stakeholders.
Support inventory planning and replenishment strategies.
Ensure compliance with internal policies and regulatory requirements related to inventory control.
Recommend process improvements to enhance inventory accuracy and efficiency.