What are the responsibilities and job description for the Inventory Analyst position at The Armor Group?
Job Summary
This position interacts with customers, vendors, engineering, operations, product managers, accounting, receiving, quality, and production.
Competency Requirements:
Personal Computer, Scanning equipment, Telephone, Copier
The Armor Group
- This position is responsible for monitoring and analyzing inventory levels, trends, and projections. It also involves collaborating with cross-functional teams to improve inventory management processes and reduce costs.
- Collaborate with cross-functional teams to enhance inventory management processes and systems.
- Analyze inventory performance metrics, including product turnover and days of supply across all locations.
- Partner with the Global Business Planning team to forecast demand and develop inventory plans that meet business needs.
- Monitor inventory levels, execute transfers, and address potential stock imbalances.
- Investigate and recommend solutions to inventory-related issues.
- Develop and distribute regular inventory reports to management.
- Identify excess and obsolete inventory for appropriate action.
- Export and analyze data for the material procurement model.
- Leverage data manipulation skills to extract, clean, and transform inventory data.
- Manage inventory targets approved by management.
- Prepare and report forecast and inventory measurements to management.
- Drive and analyze cycle count programs.
- Support the procurement process by coordinating with internal teams.
- Assemble and analyze data pertinent to creating sales forecasts.
- Issue purchase orders for raw materials and consumables.
This position interacts with customers, vendors, engineering, operations, product managers, accounting, receiving, quality, and production.
Competency Requirements:
- Familiarity with drawings and specifications.
- Strong communication skills, detail oriented, MS office skills, and comfort working with ERP systems.
- Excellent time management and organizational skills.
- Ability to establish rapport.
- Ability to work under pressure.
- Flexibility and ability to adapt to changing commodity assignments.
- Understanding of MRP planning.
- Bachelor's or Associate's degree required.
- 5 years of experience as a Buyer in a Manufacturing Environment.
Personal Computer, Scanning equipment, Telephone, Copier
The Armor Group
