Job Description
The Inventory Control Analyst is responsible for the processing, monitoring, and analyzing; and giving accurate reporting of an organization’s inventory level with a focus on minimizing costs, while maintaining product availability at the right amount and supply needed.
PRIMARY RESPONSIBILITIES
- Ensures adequate inventory levels are maintained to maximize customer satisfaction and minimize cost
- Analyzes historical demand, recent trends, and future growth opportunities to calculate the required inventory
- Collects forecast from the sales organization and incorporates into purchasing schedule
- Reviews inventory quantities regularly to identify trends, minimize loss from product expiration
- Creates/Releases Purchase Orders based on suppliers schedule
- Collaborates with the Director of Technical and Regulatory Affairs to ensure imported product clears through Customs and FDA in an appropriate time
- Manages relationships and negotiates with suppliers, freight forwarding and other transport service providers
- Reviews and approves supplier and freight invoices
- Completes necessary inventory transactions: stock adjustments, inventory counts, write-offs, etc.
- Root cause analysis of inventory discrepancies.
- Coordinate movement of products between various sites.
- Evaluate inventory transactions for multiple warehouse as needed to ensure accuracy and validity.
- Develops and manages a stock return process for assets located around the country
- Creates and administers an audit of assets for the organization
- SME (subject matter expert) relating to inventory transactions in Sage
Other/Additional Responsibilities
- Provide supply chain updates to the organization on a regular basis
- Identify and introduce best practices for supply chain and logistics management within the organization
- Identifies and issues critical KPIs to measure success and identify areas of improvement
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