What are the responsibilities and job description for the Inventory Analyst position at PHARMCO LLC?
Job Summary:
Detail-oriented and analytical Inventory Analyst to manage and optimize inventory levels, ensuring efficiency and accuracy in supply chain operations. The ideal candidate will monitor inventory trends, forecast demand, and collaborate with cross-functional teams to prevent shortages or overstock situations.
Key Responsibilities:
- Analyze inventory data to identify trends, discrepancies, and opportunities for improvement.
- Develop and maintain accurate inventory reports, tracking stock levels and turnover rates.
- Forecast demand based on historical data, sales trends, and market conditions.
- Collaborate with procurement, supply chain, and warehouse teams to ensure optimal inventory levels.
- Identify and resolve inventory discrepancies, investigating root causes and implementing corrective actions.
- Assist in setting and maintaining inventory KPIs, such as stock accuracy and order fulfillment rates.
- Work with suppliers and vendors to coordinate shipments and manage lead times.
- Support inventory audits and cycle counting processes to maintain data integrity.
- Utilize inventory management systems (IMS) and ERP software to track and optimize stock levels.
- Provide recommendations for process improvements to reduce costs and enhance efficiency.
- Pharmacy Technician license or able to obtain within 90 days.
- Bachelor’s degree in Supply Chain Management, Business, Finance, or a related field.
- 2 years of experience in inventory management, supply chain, or related roles.
- Strong analytical and problem-solving skills with attention to detail.
- Proficiency in inventory management software (e.g., SAP, Oracle, NetSuite) and Excel.
- Ability to work cross-functionally and communicate effectively with internal teams and external vendors.
- Experience with data analysis and forecasting techniques is a plus.
Preferred Skills:
- Knowledge of lean inventory management principles.
- Experience in a manufacturing, retail, or distribution environment.
- Strong organizational skills with the ability to handle multiple priorities.