Senior Inventory Analyst

Description

Summary: We are seeking an analytical and organized Inventory Analyst to lead, monitor and analyze inventory items and inventory levels to ensure efficient stocking levels and optimize inventory management. In this role, you will be responsible for creating and reviewing analytical reports, monitoring inventory levels and collaborating cross-functionally with team members to make informed decisions. The ideal candidate will have a strong background in managing inventory with an understanding of material flow, inventory trends and day-to-day inventory operations. At Stellar, we are renowned for being employers of choice, and we take pride in fostering a supportive work environment. Join our team and feel connected to a company that truly values its employees.  

Essential Duties and Responsibilities:

• Lead inventory analysis, optimization initiatives and improve overall inventory performance across multiple facilities

• Analyze demand patterns, usage trends and stocking parameters to establish optimal inventory levels, reduce shortages and minimize excess and obsolete inventory

• Develop and analyze inventory reports

• Evaluate and optimize material storage and point-of-use locations, including shop floor, make-to-order (MTO), standard stocking and overstock areas.

• Establish inventory carrying cost awareness as a core component of Materials Management decision-making by identifying cost reduction opportunities, optimizing working capital and tracking realized savings.

• Leverage ERP capabilities and data-driven insights to identify improvement opportunity and implement sustainable solutions.

• Develop and establish standard operating procedures within the department and across facilities.

• Collaborate cross-functionally with Purchasing, Production, Engineering or other departments to make recommendations to optimize inventory levels.

• Draft inventory reports that document inventory counts, discrepancies, and other statistical data.

• Coordinate with other workers to resolve discrepancies with inventory

• Create and maintain inventory databases and systems for accurately managing inventory.

Essential Skills, Education and Experience:

• Bachelor’s degree in Supply Chain, Business Administration, Finance, Operations or a related field plus 2+ years of relevant experience is desirable. 5-7 years of experience in a related field is also acceptable.

• Relevant experience working in ERP systems (Infor or Epicor is a plus).

• Relevant experience with databases and spreadsheets.

• Familiarity with supply chain and inventory control processes (i.e.: turnover, safety stock, reorder points, carrying costs, demand forecasting, etc.)

• Excellent communication and organizational skills.

• Strong analytical, time management, and problem-solving skills.

• Experience in data entry, analysis, and reporting.

• Working knowledge of MS Office, Excel, ERP Systems (ie: Epicor), MS Teams.

• Collaboration and ability to work effectively in a team environment.

• Valid driver license is required for this position  

• Must be authorized to work in the US 

Preferred Skills, Education and Experience:

• Familiarity with lean manufacturing principles and continuous improvement methodologies is a plus. 

Work Environment:

• This job will operate in a manufacturing facility and is required to follow all Stellar Industries safety policies. This position will also operate in our professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, and handheld computers.

Physical Demands:

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. 

• Standing for long periods of time.

• Walking long distances.

• Some squatting and crawling.

• Some lifting.

Additional Requirements:

• Company sponsored continuing education may be required.

• Travel is primarily local during the business day.

Requirements

Office & Administration, Production Control