Inventory Analyst

Van Marcke Trade Supply has been committed to supplying quality plumbing and hardware materials for over 50 years in Phoenix, Casa Grande, Tucson, Las Vegas, and Dallas markets. We are a family-owned Belgium company that is passionate about the success of our customers and our team.

Job Summary:

An Inventory Analyst plays a crucial role in managing and optimizing a company's inventory levels to ensure efficient operations and maximize profitability. This role involves analyzing inventory data, forecasting demand, and implementing strategies to minimize stockouts, overstocks, and associated costs to all 26 locations. The Inventory Analyst collaborates with various departments such as procurement, logistics, and sales to maintain an accurate and balanced inventory.

Primary Job Duties/Responsibilities:

Data Analysis:

• Analyze historical sales data, current inventory levels, and market trends to make informed decisions regarding inventory management.
• Develop and utilize statistical models and forecasting techniques to predict future demand and determine optimal stock levels.
• Review inventory statistics and trends to identify opportunities for inventory optimization.
• Analyze inventory discrepancies and recommend corrective actions.

Inventory Planning:

• Develop and maintain inventory planning models to ensure adequate stock levels to meet customer demand while minimizing excess inventory.
• Collaborate with the procurement team to ensure timely and accurate procurement of goods to support inventory needs.
• Ensure sufficient inventory levels are maintained to meet customer demand while minimizing excess inventory.

Monitoring and Reporting:

• Regularly monitor inventory levels, inventory turnover, service levels, and product lifecycles.
• Generate reports analyzing inventory performance, inventory costs, stock discrepancies, and purchasing trends.

Demand Forecasting:

• Collaborate with sales and marketing teams to understand market trends, promotions, and product launches that may impact demand.
• Adjust inventory plans accordingly to meet anticipated demand fluctuations.
• Analyze actual product demand, historical sales, seasonal trends, and market forecasts to adjust inventory planning accordingly.

Inventory Optimization:

• Implement strategies to optimize inventory turnover, reduce carrying costs, and minimize obsolete stock.
• Review slow-moving inventory and recommend strategies for liquidation or redistribution.

Process Improvement:

• Identify opportunities for process improvement within the inventory management system.
• Implement best practices and efficiency enhancements to streamline inventory-related processes.

Cross-Functional Collaboration:

• Work closely with cross-functional teams, including logistics, finance, and sales, to ensure alignment on inventory goals and strategies.

Risk Management:

• Monitor and address potential risks related to supply chain disruptions, changes in market conditions, or other factors that may impact inventory availability.

Documentation and Compliance:

• Maintain accurate records of inventory transactions and ensure compliance with relevant regulations and company policies.

Qualifications:

• Bachelor's degree in supply chain management, Industrial Engineering, Business, Logistics, or a related field.
• 2-4 years of inventory analysis, supply chain, purchasing, or inventory management experience preferred.
• Strong analytical, quantitative, and problem-solving skills.
• Proficient in data analysis tools and software.
• SAP experience or similar enterprise resource planning software.
• Excellent communication and interpersonal skills.
• Detail-oriented with the ability to multitask and prioritize.
• Knowledge of inventory management principles and supply chain processes.

Essential Job Duties are performed in adherence to Van Marcke Trade Supply standards, policies, and procedures, and to local, State and Federal laws and regulations. Reasonable accommodation may be made, if requested, to enable individuals with disabilities to perform the essential job functions.

DISCLAIMER: This is not necessarily an exhaustive list of all the responsibilities, duties, skills, efforts, requirements or working conditions associated with the Inventory Analyst job title. While this is intended to be an accurate reflection of the current job, the management team reserves the right to revise the job description or to request that other or different tasks be performed as assigned.

The job description does not constitute a contract of employment and Van Marcke Trade Supply may exercise its employment-at-will right at any time.