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MP RPO
Mansfield, MA | Full Time
$62k-80k (estimate)
2 Months Ago
Inventory Analyst
MP RPO Mansfield, MA
$62k-80k (estimate)
Full Time 2 Months Ago
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MP RPO is Hiring an Inventory Analyst Near Mansfield, MA

Milton's Distributing is searching for an Inventory Analyst to join our Supply Chain team. The Inventory Analyst will be the analytical engine of the Supply Chain team, and will play a critical role in the demand planning and execution of inventory purchase decisions. This position will optimize a balance of technical and analytical ability, collaboration, teamwork and communication to be a highly impactful and visible player in our operations. This role will create the supply chain analytical framework with the primary goal of driving organizational and customer value. This is a regular, full-time, exempt position eligible for full benefits.

The Milton's group of companies is family owned and consists of Milton's Distributing Co., Inc.; Gordon Logistics LLC and Hope Beverage LLC. The family has been in the alcoholic beverage industry for over 85 years. Lines of business include importation and wholesale distribution of wines and spirits to high profile regional and national retailers, as well as serving as a third-party logistics provider offering warehousing, transportation and freight-forwarding services. The two businesses offer an integrated solution that reduces the cost and complexity of selling product within the three-tier system that governs the alcoholic beverage industry in the United States.

A successful Inventory Analyst will have a strong background in inventory analytics, finance and an expert in inventory management and control. The successful candidate will collaborate cross-functionally across the organization to optimize inventory levels throughout our network ensuring product availability in time to meet customer demand. The Analyst will leverage data, analytical models, knowledge and expertise to transform our decision making and execution and to implement world-class inventory and demand management capabilities. Success will in part be measured by improving service levels, optimizing inventory levels, minimizing costs, and limiting out-of-stocks.

Essential Functions:

  • Executes and maintains a robust Demand Planning Process and Tools across our portfolio of business.
  • Enables Global Supply Planning that ensures we balance service and inventory tradeoffs while maintaining healthy partnerships, effective supply flow and a globally leveraged buying process
  • Lead analytical efforts for the Supply Chain team with a focus on Inventory Management, Purchasing, Demand Planning, and Supply Planning.
  • Create and leverage data-driven analytics models using research and industry knowledge.
  • Partner with Finance to ensure systems have correct data to establish policy and process for financial tolerance guidelines, open to buy parameters and proper inventory reconciliation and measurement.
  • Partner with IT to develop roadmaps for planning and analysis tools and mature data models
  • Work with Inventory Control Team to establish policies, process, metrics and targets for system reconciliation, cycle counts, exception management, receiving discrepancies, credits, and participate in physical inventories.
  • Serve as liaison to third-party logistics (3PL) Partners as well as other logistical service providers with a goal of maximizing service at minimum cost.
  • Develop process for best practices metrics and establish targets to drive customer net promotor score (NPS) and company profitability.
  • Work closely with Director of Supply Chain to foster culture of best-in-class inventory management working cross-functionally with each department and keeping all key stakeholders informed.
  • Contribute to weekly team meetings to keep the organization aligned on current and future inventory strategies and communicating any potential service interruptions and recommendations to mitigate risks.

Skills and Qualifications:

  • 5 years of relevant, progressive work experience working with supply chain analytics or similar analytical roles
  • Bachelor's degree in supply chain or related field, and or applicant relevant experience in lieu of a degree
  • Experience in logistics, wholesale distribution, supply chain and/or a highly-regulated environment, is preferred
  • Experience working with global supplier network
  • Strong data and analytics skills and in-depth knowledge of forecasting methods and inventory management
  • Advanced skillset with Microsoft Office
  • Established experience with principles, practices and procedures of associated systems include Enterprise Resource Planning (ERP), Warehouse Management System (WMS), SQL and data visualization tools (PowerBI or Tableau), and demand planning and forecasting systems
  • Experience with statistical data analysis tools to measure and drive business improvement
  • Ability to effectively manage time and meet established targets and deadlines
  • Ability to work independently and coordinate with other departments of the organization that may be geographically dispersed
  • Results-oriented with a track record of leading through measuring processes and addressing gaps
  • Excellent oral and written communication to customers, vendors, and associates
  • Strong understanding of finance and accounting principles

Job Summary

JOB TYPE

Full Time

SALARY

$62k-80k (estimate)

POST DATE

01/24/2023

EXPIRATION DATE

10/09/2023

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The following is the career advancement route for Inventory Analyst positions, which can be used as a reference in future career path planning. As an Inventory Analyst, it can be promoted into senior positions as a Supplier Inventory Senior Analyst that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Inventory Analyst. You can explore the career advancement for an Inventory Analyst below and select your interested title to get hiring information.

If you are interested in becoming an Inventory Analyst, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become an Inventory Analyst for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Inventory Analyst job description and responsibilities

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Ensure all accounting activities are completed with the highest level of control and integrity.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Inventory Analyst jobs

These analysts also have excellent mathematical and analytical skills.

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Strong written and oral communication skills.

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Comfortable in a rapidly changing environment.

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Ability to successfully work independently.

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Step 3: View the best colleges and universities for Inventory Analyst.

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