Inventory Analyst
Global Industrial Company
full-time
Posted on:
Location Type: Office
Location: Richmond Hill • Canada
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About the role
- Analyze inventory levels, turns, aging, and demand patterns across products, locations, and suppliers.
- Identify surplus, low-velocity, and at-risk inventory and quantify financial impact to working capital and margin.
- Develop and maintain inventory KPIs and dashboards (e.g., turns, days of supply, fill rate, aging, forecast accuracy).
- Perform root-cause analysis on inventory imbalances, including forecast error, lead time assumptions, MOQ constraints, and demand variability.
- Review inventory levels and replenishment signals using cloud-based planning tools, translating insights into data-driven recommendations that inform purchasing decisions.
- Partner with Product Management, Sales, Demand Planning, and Purchasing to improve demand forecasts and replenishment strategies.
- Monitor forecast accuracy and bias; recommend improvements to planning assumptions and parameters.
- Coordinate returns with suppliers for slow moving SKUs to reduce excess inventory levels and improve turns.
- Support new product introductions and product lifecycle planning to minimize inventory risk.
- Translate inventory performance into clear financial outcomes (cash usage, carrying cost, write-down risk)
- Support Finance with inventory valuation analysis, reserves, and period-end reporting.
- Build scenarios and business cases to support inventory reduction and service-level improvement initiatives.
- Track and report progress against inventory, service, and working capital targets.
- Act as a data-driven partner to Product Management, Sales, Operations, Purchasing, and Finance.
- Challenge demand and stocking assumptions using facts and analysis.
- Support S&OP / IBP processes with inventory insights and recommendations.
- Influence decision-making without direct authority.
- Work with warehouse operations teams to root cause inventory discrepancies across the distribution network.
- Coordinate promotional initiatives with Marketing to expedite the depletion of discontinued and slow-moving SKUs.
- Identify gaps and inefficiencies in inventory planning processes, data quality, and execution.
- Support ERP, planning tool, or BI enhancements related to inventory management
- Document best practices and standard operating procedures.
- Develop process improvement plans across the operations teams to enhance the inventory management, planning tools, and reporting capabilities.
Requirements
- Bachelor’s degree or equivalent in Supply Chain, Business, Finance, Economics, Engineering, or Analytics.
- 3–6+ years of experience in inventory analysis, demand planning, supply chain analytics, or operations finance.
- Experience in distribution, manufacturing, or industrial environments with large SKU counts and demand variability.
- Strong analytical and problem-solving skills with the ability to translate data into action
- Excellent verbal and written communications skills are also required.
Benefits
- EEO/AA Statement 📊 Check your resume score for this job Improve your chances of getting an interview by checking your resume score before you apply. Check Resume Score
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
inventory analysisdemand planningsupply chain analyticsoperations financeroot-cause analysisKPI developmentdata-driven recommendationsfinancial impact analysisprocess improvementforecast accuracy
Soft Skills
analytical skillsproblem-solving skillscommunication skillsinfluencing skillscollaborationdata-driven decision makingorganizational skillsattention to detailcritical thinkingadaptability