Inventory Analyst, New College Graduate, (Teradyne, North Reading, MA)

Teradyne•North Reading, MA

58d•$57,100 - $91,400•Onsite

About The Position

We are the global test and automation specialists, powering next-generation technologies through sophisticated solutions. Behind every electronic device you use, Teradyne's test technology ensures your device works right the first time, every time! Our portfolio of automation solutions help manufacturers to develop and deliver products quickly, efficiently and cost-effectively. Together, Teradyne companies deliver manufacturing automation across industries and applications around the world! We attract, develop, and retain a high-performance workforce, comprised of people with diverse backgrounds and a shared drive for excellence. We strive to foster a positive and inclusive work environment that helps employees, and communities, thrive. Our Purpose TERADYNE, where experience meets innovation and driving excellence in every connection. We are fueled by creativity and diversity of thought and in our workforce. Our employees are supported to innovate and learn something new every day.We cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team – one that makes better decisions, drives innovation and delivers better business results. Opportunity Overview Inventory Modeling & Forecasting- Based on current business conditions and product life cycle what inventory and liabilities should TER have. Identifying and reconciling gaps from the inventory model to actual inventory levels. Report on management findings as well as identifying areas of opportunity. Drive inventory reduction initiatives across functional groups to capitalize on opportunities identified in analytical work. Develop inventory optimization models to establish the correct inventory levels given certain business parameters Help manage the Excess & Obsolete quarterly process - Review up to $800M in gross inventory. You will work closely with our main subcontract manufacturer in understanding inventories through the complete supply chain. Understand inventory changes quarter over quarter. Integrate with marketing and demand management on determining customer forecasts. Present to finance your findings and recommend appropriate inventory provisions. Product allocations- Updating and maintaining all products component allocations for new parts and existing parts to find out which platform they are used on. Inventory Scrap Review- Perform statistical analysis on inventory forecast and historical shipments. Communicate with Demand Management, Finance, New Products, and Global service groups to identify appropriate inventory to scrap. Customer Material returns - Key operations person to review and manage customer returns to ensure formal disposition plan is place and executed. Consignment and Aging Material- Review subcontractors excess and obsolete inventory. Validate and approve claims. Participate in processes and application continual improvement projects. Potential travel to perform audits in factories and warehouses or preform onsite collaboration across the world including Malaysia, Philippines, Costa Rica, Japan, etc.

Requirements

Bachelor's in Operations Management or relevant field.
Outstanding statistical and problem-solving capabilities.
Thorough knowledge of MRP and Ops planning concepts.
Desire to work as a team with a results-driven approach.
Must be able to juggle different tasks and prioritize accordingly.
Excellent written and verbal communication skills.
Strong presentation skills.
Proficient knowledge of MS Office.

Nice To Haves

Some knowledge of Oracle 11i Or Kinaxis Rapid Response/Maestro would be a plus.

Responsibilities

Based on current business conditions and product life cycle, determine appropriate inventory and liabilities for TER.
Identify and reconcile gaps between the inventory model and actual inventory levels.
Report management findings and identify areas of opportunity.
Drive inventory reduction initiatives across functional groups.
Develop inventory optimization models to establish correct inventory levels based on business parameters.
Manage the quarterly Excess & Obsolete process, reviewing up to $800M in gross inventory.
Work closely with subcontract manufacturers to understand inventories throughout the supply chain.
Understand inventory changes quarter over quarter.
Integrate with marketing and demand management to determine customer forecasts.
Present findings to finance and recommend appropriate inventory provisions.
Update and maintain product component allocations for new and existing parts.
Perform statistical analysis on inventory forecasts and historical shipments for inventory scrap review.
Communicate with Demand Management, Finance, New Products, and Global Service groups to identify appropriate inventory to scrap.
Review and manage customer returns to ensure a formal disposition plan is in place and executed.
Review subcontractors' excess and obsolete inventory.
Validate and approve claims for consignment and aging material.
Participate in process and application continual improvement projects.
Potentially travel to perform audits in factories and warehouses or conduct onsite collaboration globally.