Parts Inventory Analyst

About the role

The Parts Inventory Analyst ensures optimal inventory levels and stock management across multiple locations, contributing to a superior customer service experience. The role involves analyzing data to guide inventory decisions, overseeing vendor supply chains, and maintaining accurate SKU pricing. The analyst plays a key role in product launches, lifecycle management, and overall supply chain efficiency to ensure stock is effectively utilized and always available when needed.

Responsibilities

• Analyze forecast data for parts/SKUs to maintain appropriate stock levels across all locations.
• Manage recommended orders to ensure stock availability and prevent shortages.
• Assess inventory levels at various stores to support capacity planning and distribution needs.
• Monitor and summarize KPIs as part of daily, weekly, and monthly objectives.
• Review replenishment policies and approve stock additions to align with demand.
• Provide data-driven insights for SKU rationalization and inventory requirements.
• Develop and maintain vendor performance scorecards to evaluate supplier reliability, lead times, and compliance with replenishment policies; collaborate with vendors to address gaps and improve service levels.
• Maintain a portfolio of vendors, negotiate pricing, terms, delivery, and cadenced updating of all allied price tapes.
• Create and issue on-order reports weekly for allied vendors for Logistics and Operations teams.
• Perform root cause analysis for inventory issues, make cost-benefit decisions, and recommend improvements.
• Review and adjust lifecycle parameters to align stock levels with sales trends and SKU performance.
• Develop strategies for end-of-lifecycle items to reduce non-moving inventory and minimize excess stock.
• Identify and chase waste throughout the dealership using lean tools (5’s/PSQDC) to make efficiency/fiscal gains on all aspects of procurement.
• Become a subject matter expert with allied SOS returns and assist the Logistics and Operations team in the creation and execution of RMAs.
• Perform all other duties as assigned.

Qualifications

Education

• Relevant education in supply chain management or business-related fields.

Specialized Knowledge

• Basic to intermediate knowledge of supply chain processes and systems.
• DBS/ERP system experience.
• Vendor negotiation/management skills.
• Strong written and verbal communication skills.
• Beginner to intermediate knowledge of Microsoft Excel or related software.
• Data analysis and its application to supply chain management.
• Accuracy and detail-oriented: maintaining precise records, ensuring data integrity, and up-to-date system info.
• Knowledge of machine populations, technical data, and evolving parts support strategies.

Abilities

• Ability to work independently, make data-driven decisions, and apply analytical skills to enhance inventory management.
• Capable of optimizing stock levels to improve efficiency and meet organizational goals.
• Work safely, identifying and correcting any near misses as they arise both in a physical and financial nature.
• Coordinate with sales, operations, accounting, logistics, and branch teams to align inventory strategies.