Inventory Control Specialist

Overview:

Draper is an independent, nonprofit research and development company headquartered in Cambridge, MA. The 2,000+ employees of Draper tackle important national challenges with a promise of delivering successful and usable solutions. From military defense and space exploration to biomedical engineering, lives often depend on the solutions we provide. Our multidisciplinary teams of engineers and scientists work in a collaborative environment that inspires the cross-fertilization of ideas necessary for true innovation. For more information about Draper, visit www.draper.com.

Job Description Summary:

Incumbent will play a crucial role in managing and optimizing inventory levels to ensure efficient operations and customer satisfaction. The Senior Inventory Analyst will be responsible for analyzing inventory data and implementing strategies to minimize costs while maximizing inventory turnover.

Facilitate the cycle count process between Finance, Supply Chain, and Production. Works closely with Stockroom and Planning personnel to ensure inventory accuracy.


This role is an onsite position, based in Cambridge, MA and is not eligible for remote work.

Job Description:

Duties/Responsibilities

• Update and maintain the inventory policy according to the supply chain standards & update the MRP setups accordingly.

• Closely work with the demand planning department to understand the market trends and demand variability and adjust inventory levels accordingly.

• Develop and implement inventory optimization strategies to reduce carrying costs and minimize stock outs.

• Work closely with cross-functional teams including purchasing, planning, and logistics to align inventory strategies with business goals.

• Closely work with cost analyst explain & address the inventory costs variances against standard costs / identify root causes and recommend corrective actions plan to the planner-buyers.

• Analyze the obsolescence costs on slow movers to provide relevant inputs to the product management team.

• Participate in the S&OP process by analyzing the projected end of month inventory levels, identifying gaps vs targets & work closely with the Supply Planners & the production team to define & implement the mid & long-term correctives actions plans.

• Utilize inventory management software or ERP systems to track inventory movements and maintain data accuracy.

• Collaborating with management and inventory supervisor create automated data feeds from several data sources, building dynamic reports centered on key field inventory (turnover rates, stock levels, and aging inventory) and sales performance metrics, and instituting efficient methods to distribute information to wide audiences.

• In collaboration with management and inventory supervisor, build, develop and maintain data models in Power BI, data automation systems, dashboards and performance metrics that support key business decisions.

• Identify, anticipate, and mitigate risks related to inventory, such as obsolete stock, excess inventory, or supply chain disruptions.

• Continuously evaluate and improve inventory management processes and procedures to enhance efficiency and accuracy.

• Ensure a positive customer experience by exhibiting a helpful and team-oriented attitude towards customers and employees.

Skills/Abilities

• Technical expertise in Excel, relational databases, dealing with large datasets from various sources, and writing complex calculations.

• Proven experience as an Inventory Analyst or similar role, with a strong understanding of inventory management principles and best practices.

• Proficiency in using inventory management software and ERP systems (e.g., SAP, Oracle, NetSuite).

• Strong analytical skills with the ability to interpret data, identify trends, and make data-driven decisions.

• Excellent organizational and time management skills with the ability to prioritize tasks and meet deadlines.

• Effective communication skills with the ability to collaborate cross-functionally and present findings to management.

• Detail-oriented mindset with a focus on accuracy and problem-solving.

Education

• HS degree or GED required. Associate in business administration, Supply Chain Management, Logistics, or a related field preferred.

Experience

• 2 years' experience performing analytics in Operations or Field Inventory.

Additional Job Description:

Applicants selected for this position will be required to obtain and maintain a government security clearance.

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Job Location - City:

Cambridge

Job Location - State:

Massachusetts

Job Location - Postal Code:

02139-3563

The US base salary range for this full-time position is

$75,000.00 - $156,000.00

Our salary ranges are determined by role, level, and location. The range displayed on each job posting reflects the minimum and maximum target salaries for the position across all US locations. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Union ranges will be in compliance with the collective bargaining agreement's approved rates by location and role. Your recruiter can share more about the specific salary range for your preferred location during the hiring process.  Please note that the compensation details listed in US role postings reflect the base salary only, and does not include bonuses or benefits.

Our work is very important to us, but so is our life outside of work. Draper supports many programs to improve work-life balance including workplace flexibility, employee clubs ranging from photography to yoga, health and finance workshops, off site social events and discounts to local museums and cultural activities. If this specific job opportunity and the chance to work at a nationally renowned R&D innovation company appeals to you, apply now www.draper.com/careers.

Draper is committed to creating an inclusive environment. We understand the value of inclusivity and its impact on a high-performance culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, national origin, veteran status, or genetic information. Draper is committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation, please contact [email protected].