Inventory Reduction Analyst (Temporary)

Novanta•Bedford, MA

3d•$70,000 - $85,000•Onsite

About The Position

Build a career powered by innovations that matter! At Novanta, our innovations power technology products that are transforming healthcare and advanced manufacturing—improving productivity, enhancing people’s lives and redefining what’s possible. We create for our global customers engineered components and sub-systems that deliver extreme precision and performance for a range of mission-critical applications—from minimally invasive surgery to robotics to 3D metal printing. Novanta is one global team with over 26 offices located in The Americas, Europe and Asia-Pacific. Looking for a great place to work? You have found it with a culture that embraces teamwork, collaboration and empowerment. Come explore Novanta. Summary The Inventory Reduction Analyst will support inventory management and supply chain operations on a short-term basis (3-6 months). This role focuses on analyzing current inventory on hand, specifically slow moving obsolete (SLOB), for opportunity throughout the business to convert to revenue or dispose of. The Inventory Reduction Analyst will work cross functionally to establish an action plan exhausting all possible strategies to convert inventory to revenue or propose an alternative route. They will also be responsible for implementing the appropriate disposition method.

Requirements

High school diploma or it's equivalent.
3+ years of experience in inventory analysis or supply chain roles.
Proficiency in ERP systems (Oracle, SAP) and advanced Excel skills (pivot tables, advanced formulas, macros would be a plus).
Basic Power BI experience is required.
Team player with strong computer, written, verbal and skills.
Strong analytical and problem-solving abilities.
Ability to adapt quickly to changing priorities in a fast-paced environment.
Pulling together and leading a team to accomplish business goals.
Flexibility: Ability to work on short-term projects and meet tight deadlines.
Independence: Operate with minimal supervision while delivering high-quality results.
Impact Focus: Drive measurable improvements in inventory management and visibility during the contract period.
On site 5 days a week.

Nice To Haves

Familiarity with Lean/Kaizen methodologies is a plus.

Responsibilities

Run inventory reports weekly and monthly.
Generate inventory dashboard for management review.
Support cycle counts and audits as required by project timelines.
Provide actionable insights to improve inventory turnover and reduce excess stock.
Coordinate with Purchasing and Planning teams on inventory strategy.
Contribute to SIOP (Sales, Inventory & Operations Planning) initiatives during contract period.
Support process improvement projects, including Kaizen activities, as assigned.

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