Inventory Analyst (34888)

About the role

The Inventory Analyst is responsible for analyzing and monitoring companywide inventory to support effective inventory management and strategic decision-making. This role evaluates inventory levels, utilization, aging, expiry, reserves, potential write-offs, and financial exposure to identify risks, trends, and opportunities. Working cross-functionally, the position provides actionable insights and recommendations to improve inventory accuracy, availability, utilization, controls, and overall inventory performance while reducing excess investment and financial risk.

Responsibilities

• Analyze inventory levels, utilization, sales, and usage across company locations, including Sales Consultant and Consignment accounts, to identify risks, inefficiencies, and opportunities for improved inventory performance.
• Monitor aging, slow-moving, and obsolete inventory; recommend strategies for reduction and improved turnover.
• Evaluate and recommend inventory placement, allocation, and replenishment actions based on sales trends, operational requirements, and company objectives.
• Conduct inventory reserve analysis and provide recommendations to Accounting and leadership to support accurate financial reporting and inventory valuation.
• Analyze and project financial exposure related to aging, expiry, excess inventory, obsolescence, and potential write-offs.
• Analyze inventory investment and working capital trends to identify opportunities to reduce excess inventory while maintaining appropriate product availability and service levels.
• Analyze inventory cost and valuation data, including standard costs, inventory adjustments, purchase price variances, and other inventory-related cost variances to identify trends and financial impacts.
• Evaluate the financial impact of inventory decisions, including excess investment, redistribution, replenishment, write-offs, and inventory reduction initiatives.
• Partner with Finance and Accounting on inventory valuation, reserves, cost variances, write-offs, and other inventory-related financial analysis.
• Develop and enhance analytical tools and financial models to support inventory risk, cost, and investment decisions.
• Develop and present comprehensive inventory reports and dashboards for Executives, Finance, Regulatory, and department leaders.
• Develop, monitor, and trend inventory KPIs to identify changes in performance, emerging risks, and opportunities for improvement.
• Translate inventory data into clear, actionable insights and recommendations for management and key stakeholders.
• Identify opportunities to improve and automate inventory reporting for greater accuracy, consistency, and efficiency.
• Partner with cross-functional teams, including Operations, Purchasing, Quality, Finance, and Regulatory, to strengthen inventory controls, processes, and compliance.
• Partner with Sales, Operations, and Purchasing to translate demand, usage, and inventory analysis into inventory planning and procurement recommendations.
• Utilize SAP and analytics platforms for data modeling, reporting, and inventory analysis.
• Validate inventory data, research discrepancies, and analyze inventory variances to identify root causes and recommend corrective actions.
• Analyze physical inventories, cycle counts, reconciliations, adjustments, and inventory audits across company inventory locations to identify discrepancies and improve inventory accuracy.
• Lead inventory optimization and process improvement initiatives and training related to inventory management best practices.
• Manage special projects assigned.

Qualifications

• Bachelor's degree in Business, Supply Chain, Finance, Accounting, Data Analytics, or a related field preferred.
• Minimum five years of relevant experience in inventory analysis, supply chain analytics, inventory planning, financial analysis, or a related field, or an equivalent combination of education and experience.
• Advanced proficiency in Microsoft Excel, including formulas, PivotTables, lookup functions, data analysis, and reporting.
• Experience with Power BI or similar business intelligence, data visualization, or reporting tools preferred.