Inventory Analyst

American Highway•Kankakee, IL

2d•$74,000 - $85,000•Onsite

About The Position

The Inventory Analyst is responsible for maintaining and improving inventory accuracy across a fast-paced manufacturing operation with high inventory turnover and material movement. This role analyzes inventory transactions, identifies and resolves discrepancies, facilitates cycle count program, monitors inventory performance metrics, and partners with Production, Purchasing, Logistics and Finance to ensure material availability while minimizing excess inventory. The successful candidate will possess strong analytical skills, exceptional attention to detail, and the ability to thrive in a dynamic manufacturing environment where inventory accuracy is critical to production continuity and customer fulfillment.

Requirements

Ability to read and comprehend simple instructions, short correspondence, and memos.
Ability to write simple correspondence.
Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.
Ability to add, subtract, multiply, and divide in all unites of measure, using whole numbers, common fractions, and decimals.
Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
Ability to deal with problems involving several concrete variables in standardized situations.
Bachelor's degree in Supply Chain, Operations Management, Business, Finance, Engineering, or related field.
2-5 years of inventory analysis, inventory control, supply chain, or manufacturing experience.
Experience working within a manufacturing environment with high inventory transaction volume.
Strong ERP experience
Advanced Microsoft Excel skills including Pivot Tables, XLOOKUP, Power Query, and data analysis functions.
Strong analytical and problem-solving abilities.

Responsibilities

Develop, coordinate, and execute cycle count programs.
Analyze count variances and determine underlying causes.
Monitor adherence to inventory control procedures and counting standards.
Support annual physical inventories and audit activities
Track inventory accuracy metrics and report performance to management.
Investigate inventory discrepancies and perform root cause analysis.
Ensure timely and accurate processing of inventory transactions including receipts, issues, transfers, production reporting, and adjustments.
Identify trends impacting inventory performance and implement corrective actions.
Reconcile physical inventory with system inventory records.
Analyze inventory performance metrics including: Inventory accuracy, Inventory turns, Material shortages, Slow-moving and obsolete inventory
Identify opportunities to optimize inventory levels and reduce working capital.
Partner with production teams to ensure material availability.
Investigate material shortages impacting production schedules.
Monitor WIP (Work in Process) inventory accuracy.
Support engineering and production change initiatives affecting inventory.
Assist with BOM (Bill of Material) and routing validation activities.
Lead continuous improvement initiatives related to inventory management and material flow.
Standardize inventory control processes and work instructions.
Support implementation of warehouse and inventory best practices.
Ensure compliance with inventory control policies and procedures.
Support internal and external audits.
Maintain accurate documentation of inventory adjustments and investigations