Description:
The Inventory Analyst is responsible for managing analyzing and optimizing spare parts and materials inventory to support maintenance operations. This role ensures that critical equipment and assets are supported with the right materials at the right time minimizing downtime controlling costs and improving overall reliability of the maintenance department. The analyst will track inventory trends develop reporting tools maintain accurate records and coordinate with maintenance planners procurement and vendors to achieve optimal stock levels.
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Key Responsibilities
Inventory Management & Analysis
o Maintain accurate records of spare parts tools and materials used in maintenance activities.
o Analyze usage trends lead times and stocking strategies to balance cost with availability.
o Monitor and reconcile inventory discrepancies through regular audits and cycle counts.
o Identify slow-moving obsolete or overstocked items and recommend corrective actions.
Data & Reporting
o Develop and maintain inventory dashboards KPIs and reports to support decision-making.
o Track and report on inventory accuracy turns service levels and critical part availability.
o Provide data-driven recommendations for process improvements.
Collaboration & Support
o Work closely with maintenance planners and supervisors to forecast spare part needs based on preventive and corrective maintenance schedules.
o Partner with procurement to source parts manage vendor relationships and negotiate lead times.
o Support maintenance technicians with timely availability of required materials.
Process Improvement
o Implement best practices for spare parts management and inventory control.
o Support CMMS (Computerized Maintenance Management System) data integrity for parts equipment BOMs and maintenance planning.
o Assist in developing inventory-related standard operating procedures (SOPs).
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Qualifications
Education:
o Bachelor s degree in Supply Chain Business Industrial Engineering or related field preferred.
o Equivalent work experience may be considered.
Experience:
o 2 years of experience in inventory management supply chain or maintenance support.
o Experience with CMMS ERP or SAP systems preferred.
o Background in manufacturing industrial maintenance or facilities maintenance highly desirable.
Skills & Competencies:
o Strong analytical problem-solving and organizational skills.
o Proficiency in Microsoft Excel and data analysis tools.
o Detail-oriented with strong accuracy in data management.
o Excellent communication and teamwork skills.
o Ability to manage multiple priorities in a fast-paced environment.
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Key Performance Indicators (KPIs)
Inventory accuracy (%).
Reduction in stockouts for critical parts.
Inventory turns / carrying cost improvements.
On-time availability of parts for planned maintenance.
Reduction in obsolete or excess inventory.
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Working Conditions
Office environment with frequent interaction on the shop floor/maintenance areas.
May require occasional lifting of parts or materials ( 30 lbs).
Regular interaction with vendors technicians and cross-functional teams.
Enable Skills-Based Hiring | No |
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Actual Job Title | |
Additional Details
- What is the maximum hourly pay rate you want to pay to the temporary worker : 27.00
- Work Hours (eg. Monday-Friday 8AM-5PM) : Monday-Friday 8AM-5PM
- Actual Job Title : Inventory Analyst
- Actual Work Location : Provide a complete address if actual work location differs from the work location selected above.
- Job Type : White Collar
- Sub Function : Logistics Distribution & Transportation
- Anticipated Schedule : Full Time
- When do you anticipate converting contractor to permanent status : (No Value)
- Contractor Name (provide a name if you have identified a person for this job posting) : (No Value)
- Contractors Email Address or Phone Number : (No Value)