Senior Inventory Analyst
Senior Inventory Analyst
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Job Description
Overview:
Draper is an independent nonprofit research and development company headquartered in Cambridge MA. The 2000 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 crossfertilization of ideas necessary for true innovation. For more information about Draper visit www.draper.
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.
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 crossfunctional 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 plannerbuyers.
- 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 & longterm 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 teamoriented 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 datadriven decisions.
- Excellent organizational and time management skills with the ability to prioritize tasks and meet deadlines.
- Effective communication skills with the ability to collaborate crossfunctionally and present findings to management.
- Detailoriented mindset with a focus on accuracy and problemsolving.
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.
Connect With Draper for Future Opportunities! If you dont find the right posting in our Career Opportunities you may submit your resume for future consideration.
Job Location City:
CambridgeJob Location State:
MassachusettsJob Location Postal Code:
0Our work is very important to us but so is our life outside of work. Draper supports many programs to improve worklife 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/careers.
Draper is committed to creating an inclusive environment. We understand the value of inclusivity and its impact on a highperformance 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 .
Required Experience:
Senior IC
Employment Type
Full-Time
