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Become An Inventory Analyst

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Working As An Inventory Analyst

  • Interacting With Computers
  • Analyzing Data or Information
  • Making Decisions and Solving Problems
  • Getting Information
  • Thinking Creatively
  • Mostly Sitting

  • $57,327

    Average Salary

What Does An Inventory Analyst Do At Sinclair Broadcast Group

* Verify commercial logs for accurate programming information, commercial content, product separation, advertiser separation, and extensive editing for on-air broadcast
* Lead and effectively manage all advertising material to maximize inventory and revenue potential
* Provide assistance as needed for all processes related to programming, generating sales reports, and working advanced inventory within established time parameters
* Communicate inventory availability or programming conflicts to stations daily
* Effectively work with other team members and managers in a professional manner
* Other duties as assigned

What Does An Inventory Analyst Do At Sears Holdings

* Utilizes the appropriate tools and levers to optimize in-stock and minimize unproductive inventories
* Provides promotional merchandise in the correct quantities to stores in support advertised promotions
* Maintains collaborative partnership with stores to maintain proper inventory levels to support profitable sales and communicates key strategies and initiatives to store partners
* Leads others to adapt processes, solutions, successes, ideas and participates in continuous teaching about system capabilities and supply chain processes
* Leads local market tailoring and records assortment needs through discussion and makes quality inventory and purchase recommendations to Buyers
* Analyzes sales and stock levels to ensure that reorder recommendations made by the replenishment system reflect the sales trend, presentations standards and turnover goals
* Recommends new/remodel store assortments and promotional/new product forecasts by reviewing and updating sales estimates and history
* Creates superior order allotments and makes adjustments prior to receipt of goods as warranted by sales trend
* Ensures needed factor file and annual rate corrections are entered into Sears Advantage Merchandising System

What Does An Inventory Analyst Do At Staples

* Manage Foundational In-stock
* Utilize forecasting/planning/allocation tools to order product and ensure smooth flow to stores, warehouses and fulfillment centers
* Improve forecasting using exception management tools and reporting
* Track, expedite and maintain open purchase orders
* Communicate vendor and product issues, accurately and timely, with the Merchandising team, Supply Chain, and other impacted groups
* Minimize overstocks while maximizing sales and service levels
* Team with Product Manager and Planner to help maximize sales, service levels, inventory and turn and meet objectives
* Ads/Promotions
* Maintain high levels of in-stock on weekly ads and seasonal promotions
* Execute timely placement of orders.
* Track and expedite to meet set-up timelines and service level goals
* Use allocation tool to properly identify appropriate historical information and quantities by location to ensure appropriate sell through and turn
* Utilize system plans in support of in season demand
* Monitor event sales and take action to optimize sales and turn and reduce overstocks
* Work with Product Manager and Planner to proactively address Ad and Promo residuals
* Product Transition Management
* Work with the Merchandising team to successfully plan and execute a variety of product transitions including Planogram, New Catalog mailings, Seasonal buys, etc.
* Execute timely placement of orders
* Track and expedite to meet set-up timelines and achieve service level goals
* Minimize obsolescence and maximize turn through timely forecast updates
* Work with Product Manager and Planner to establish sell down plans
* Communicate and escalate issues to minimize impacts to Customer service
* Supply Chain/Vendor Relations
* Partner with Merchandising and Supply Chain to assist in minimizing key supplier lead times to warehouses and fulfillment centers with improved reliability
* Develop and maintain positive and effective relations with vendors to facilitate timely and accurate processing of orders and delivered product
* Monitor Vendor performance using Staples Partners and AS400 Metrics reports
* Work with vendors and Supply Chain to improve vendor reliability in meeting on time standards
* Alert Merchandising team to vendor performance issues
* Demonstrates understanding of total Supply Chain implications of Inventory Management decisions

What Does An Inventory Analyst Do At Apple

* Be a key member of an inventory audit and reconciliation team.
* Partner with materials, finance and field services to meet defined timelines.
* Provide data as required by management for periodic status reporting.
* Recognize and act on opportunities for automation, integration and process improvement.
* Operate with a high degree of initiative, creativity and leadership within division or department policy.
* Collaborate effectively with other departments at Apple and with our external channel partners

What Does An Inventory Analyst Do At United Technologies Corporation

* Incumbent’s responsibilities will generally focus on one or more of the following:
* Inventory Planning & Management
* Monthly Inventory Reporting
* JDE Planning Parameter & Modifiers
* Physical Inventory
* ECO Implementation (Engineering changes)
* MRB (Material Review Board)
* Processing E&O (Excess and obsolete inventory)
* Kanban Management
* Order Processing maintenance
* Manufacturing calendar
* Logistics cost analysis
* Sales and Operation Planning analysis
* Level of Responsibility:
* Responsible for several components of a project or a complex component of a larger project
* Contributes to their team or department by applying their knowledge of one or more functional areas
* Fully developed professional able to work without direct guidance or direction from others
* Has in depth knowledge of the discipline and role

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How To Become An Inventory Analyst

Although applicants may need a master’s degree for most operations research positions, a bachelor’s degree is enough for some entry-level positions. Because few schools offer bachelor’s and advanced degree programs in operations research, analysts typically have degrees in other, related fields.

Education

Although some employers prefer to hire applicants with a master’s degree, many entry-level positions are available for those with a bachelor’s degree. Although some schools offer bachelor’s and advanced degree programs in operations research, some analysts have degrees in other technical or quantitative fields, such as engineering, computer science, analytics, or mathematics.

Because operations research is based on quantitative analysis, students need extensive coursework in mathematics. Courses include statistics, calculus, and linear algebra. Coursework in computer science is important because analysts rely on advanced statistical and database software to analyze and model data. Courses in other areas, such as engineering, economics, and political science, are useful because operations research is a multidisciplinary field with a wide variety of applications.

Continuing education is important for operations research analysts. Keeping up with advances in technology, software tools, and improved analytical methods is vital.

Other Experience

Many operations research analysts who work with the military are veterans of the U.S. Armed Forces. 

Some positions may require applicants to undergo a background check in order to attain a security clearance. 

Important Qualities

Analytical skills. Operations research analysts use a wide range of methods, such as forecasting, data mining, and statistical analysis, to examine and interpret data. They must determine the appropriate software packages and understand computer programming languages to design and develop new techniques and models.

Communication skills. Operations research analysts often present their data and conclusions to managers and other executives. They also need to communicate technical information to people without a technical background.

Critical-thinking skills. Operations research analysts must be able to figure out what information is relevant to their work. They also must be able to evaluate the costs and benefits of alternative solutions before making a recommendation.

Interpersonal skills. Operations research analysts typically work on teams. They also need to be able to convince managers and top executives to accept their recommendations.

Math skills. The models and methods used by operations research analysts are rooted in statistics, calculus, linear algebra, and other advanced mathematical disciplines.

Problem-solving skills. Operations research analysts need to be able to diagnose problems on the basis of information given to them by others. They then analyze relevant information to solve the problems.

Writing skills. Operations research analysts write memos, reports, and other documents explaining their findings and recommendations.

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Inventory Analyst jobs

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Inventory Analyst Career Paths

Inventory Analyst
Senior Buyer Material Manager
Director Of Materials Management
6 Yearsyrs
Planner/Buyer Senior Buyer Purchasing Manager
Director Of Purchasing
10 Yearsyrs
Senior Buyer Procurement Agent Purchasing Manager
Director Of Sourcing
13 Yearsyrs
Operations Manager Plant Manager Supply Chain Manager
Director Of Supply Chain Operations
11 Yearsyrs
Planner/Buyer Purchasing Manager
Director, Procurement
13 Yearsyrs
Analyst Finance Analyst Operations Manager
Distribution Center Manager
9 Yearsyrs
Business Analyst Product Manager Marketing Manager
General Manager
7 Yearsyrs
Operations Manager Supply Chain Manager
Global Supply Chain Manager
11 Yearsyrs
Production Planner Production Supervisor Logistics Manager
Logistics Director
10 Yearsyrs
Analyst Product Manager Senior Buyer
Material Manager
9 Yearsyrs
Business Analyst Program Manager General Manager
Operations Director
9 Yearsyrs
Finance Analyst Finance Manager Sales Manager
Operations Manager
7 Yearsyrs
Inventory Manager Operations Manager Operations Director
President Of Operations
11 Yearsyrs
Finance Analyst Business Analyst Project Manager
Program Manager
8 Yearsyrs
Supply Chain Analyst Business Analyst Product Manager
Purchasing Manager
9 Yearsyrs
Supply Chain Analyst Supply Chain Manager
Supply Chain Director
14 Yearsyrs
Project Manager Engineering Manager Purchasing Manager
Supply Chain Lead
9 Yearsyrs
Senior Finance Analyst Operations Manager Supply Chain Manager
Supply Chain Logistics Manager
9 Yearsyrs
Inventory Manager Purchasing Manager
Supply Chain Manager
10 Yearsyrs
Production Planner Planner/Buyer Senior Buyer
Supply Manager
6 Yearsyrs
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Inventory Analyst Demographics

Gender

  • Male

    53.6%
  • Female

    44.2%
  • Unknown

    2.2%

Ethnicity

  • White

    77.9%
  • Hispanic or Latino

    11.6%
  • Asian

    8.4%
  • Unknown

    1.5%
  • Black or African American

    0.6%
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Languages Spoken

  • Spanish

    53.6%
  • French

    9.3%
  • Chinese

    6.6%
  • Mandarin

    4.4%
  • Korean

    3.3%
  • Portuguese

    2.7%
  • Arabic

    2.7%
  • Hindi

    2.2%
  • Russian

    2.2%
  • Carrier

    2.2%
  • Italian

    2.2%
  • Vietnamese

    1.6%
  • Urdu

    1.6%
  • Cantonese

    1.1%
  • Japanese

    1.1%
  • Polish

    1.1%
  • Swedish

    0.5%
  • Turkish

    0.5%
  • Gujarati

    0.5%
  • Wolof

    0.5%
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Inventory Analyst

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Inventory Analyst Education

Inventory Analyst

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Real Inventory Analyst Salaries

Job Title Company Location Start Date Salary
Inventory Analyst EBAY Inc. San Jose, CA Aug 08, 2016 $118,000
Inventory Analyst III Sprint Nextel Corporation Warren, NJ Dec 26, 2011 $115,000 -
$125,000
Valuations Inventory Analyst Campbell Global, LLC Portland, OR Sep 22, 2014 $95,000
Inventory Analyst II Sungard Availability Services Wayne, PA Apr 20, 2012 $92,000
Inventory Analyst (Business Intel. Analyst) 1Stdibs.Com, Inc. New York, NY Oct 01, 2015 $90,000
Inventory Analyst (Inventory Management) Carefusion Corporation San Diego, CA Jan 01, 2012 $82,500
Inventory Analyst CVS Pharmacy, Inc. Woonsocket, RI May 18, 2015 $80,000
Analyst, Inventory Strategy Ann Taylor, Inc. New York, NY Oct 02, 2015 $75,100
Inventory Analyst Harmless Harvest Inc. San Francisco, CA Apr 20, 2015 $75,000
Inventory Analyst Rockwell Automation, Inc. Mequon, WI Aug 24, 2015 $73,500
Inventory Analyst/Analysis and Operations Xerox Corporation Webster, NY Sep 16, 2016 $72,575
Inventory Analyst/Analysis and Operations Xerox Corporation Webster, NY Dec 25, 2016 $72,575
Inventory Analyst Eastman Chemical Company Kingsport, TN Sep 02, 2014 $66,500 -
$110,900
Inventory Analyst Omnicell, Inc. Mountain View, CA Nov 16, 2012 $65,800
Inventory Analyst Omnicell, Inc. Milpitas, CA Nov 26, 2012 $65,800
Inventory Recovery Analyst Ciber, Inc. Center Line, MI Sep 25, 2015 $65,260
Algorithmic Inventory Optimization Analyst Lifestreet Corporation San Carlos, CA Oct 01, 2011 $65,000
Inventory Analyst Us LBM Holdings, LLC Covington, GA Sep 15, 2016 $65,000
Production and Inventory Analyst MAVI Jeans, Inc. Secaucus, NJ Mar 17, 2012 $63,700
Analyst, Inventory Management Abercrombie & Fitch Trading Co. New Albany, OH Feb 11, 2015 $63,128 -
$87,000
Inventory Analyst II Boston Scientific Corporation Marlborough, MA Oct 01, 2013 $57,600 -
$88,200
Inventory Analyst International Food Source LLC Dover, NJ Sep 09, 2014 $56,909
Inventory Analyst H-E-B Grocery Company, LP San Antonio, TX Sep 28, 2015 $56,341
Inventory Analyst International Food Source LLC Dover, NJ Sep 11, 2013 $56,160
Inventory Analyst International Food Source LLC Dover, NJ Sep 18, 2013 $56,160
Financial Inventory Analyst The Sherwin-Williams Company Cleveland, OH Sep 14, 2016 $55,000 -
$65,000
Analyst, Inventory Management Advance Magazine Publishers Inc. DBA CONDÉ Nast New York, NY Aug 03, 2015 $55,000

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Top Skills for An Inventory Analyst

ProperInventoryLevelsPurchaseOrdersVendorsProceduresCycleCountsCustomerServiceInventoryControlSupplyChainInventoryManagementSKULogisticsDataEntryAccurateInventoryRawMaterialsSafetyDistributionCentersInventoryReportsInventoryAuditsServiceLevelERP

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Top Inventory Analyst Skills

  1. Proper Inventory Levels
  2. Purchase Orders
  3. Vendors
You can check out examples of real life uses of top skills on resumes here:
  • Prepared and analyzed various reports to determine and maintain the proper inventory levels in dedicated regions.
  • Track purchase orders for the merchant team for all the future receipts.
  • Generated and distributed inventory status reports to vendors, sales staff, management, and distribution group.
  • Followed proper selection procedures as established by the company.
  • Conducted daily cycle counts to achieve 100% accuracy and avoid physical inventory counts.

Top Inventory Analyst Employers

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