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Become An Inventory Control Analyst

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Working As An Inventory Control Analyst

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

  • $51,486

    Average Salary

What Does An Inventory Control Analyst Do

Operations research analysts use advanced mathematical and analytical methods to help organizations solve problems and make better decisions.

Duties

Operations research analysts typically do the following:

  • Identify and solve real-world problems in areas such as business, logistics, healthcare, or other fields
  • Collect and organize information from a variety of sources, such as computer databases, sales histories, and customer feedback
  • Gather input from workers involved in all aspects of a problem or from others who have specialized knowledge, so that they can help solve the problem
  • Examine information to figure out what is relevant to a problem and what methods might be used to analyze it
  • Use statistical analysis, simulations, predictive modeling, or other methods to analyze information and develop practical solutions to business problems
  • Advise managers and other decision makers on the impacts of various courses of action to take in order to address a problem
  • Write memos, reports, and other documents explaining their findings and recommendations for managers, executives, and other officials

Operations research analysts are involved in all aspects of an organization. They help managers decide how to allocate resources, develop production schedules, manage the supply chain, and set prices. For example, they may help decide how to organize products in supermarkets or help companies figure out the most effective way to ship and distribute products.

Analysts must first identify and understand the problem to be solved or the processes to be improved. Analysts typically collect relevant data from the field and interview clients or managers involved in the business processes being examined. Analysts show the implications of pursuing different actions and may assist in achieving a consensus on how to proceed.

Operations research analysts use sophisticated computer software, such as databases and statistical programs, and modeling packages, to analyze and solve problems. Analysts use these mathematical programs to simulate current and future events and evaluate alternative courses of action. Analysts break down problems into their various parts and analyze the effect that different changes and circumstances would have on each of these parts. For example, to help an airline schedule flights and decide what to charge for tickets, analysts may take into account the cities that have to be connected, the amount of fuel required to fly those routes, the expected number of passengers, pilots’ schedules, maintenance costs, and fuel prices.

There is no one way to solve a problem, and analysts must weigh the costs and benefits of alternative solutions or approaches in their recommendations to managers.

Because problems are complex and often require expertise from many disciplines, most analysts work on teams. Once a manager reaches a final decision, these teams may work with others in the organization to ensure that the plan arrived at is successful.

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How To Become An Inventory Control 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 Control Analyst jobs

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Inventory Control Analyst Career Paths

Inventory Control Analyst
Finance Analyst Senior Finance Analyst Planning Manager
Demand Planning Manager
10 Yearsyrs
Planner Planner/Buyer Material Manager
Director Of Materials Management
6 Yearsyrs
Production Planner Planner/Buyer Purchasing Manager
Director Of Purchasing
10 Yearsyrs
Project Manager Engineering Manager Purchasing Manager
Director Of Sourcing
13 Yearsyrs
Project Manager Product Manager Purchasing Manager
Director, Procurement
13 Yearsyrs
Inventory Control Specialist Inventory Controller Operations Manager
Distribution Center Manager
9 Yearsyrs
Operations Manager Driver Operation Supervisor
Distribution Manager
7 Yearsyrs
Inventory Analyst Finance Analyst Senior Finance Analyst
Manager Finance Planning And Analysis
8 Yearsyrs
Production Planner Master Scheduler
Material Manager
9 Yearsyrs
Inventory Control Supervisor Operations Manager
Operations Director
9 Yearsyrs
Inventory Control Supervisor Inventory Control Manager
Operations Manager
7 Yearsyrs
Inventory Control Manager Operations Manager
Plant Manager
11 Yearsyrs
Inventory Control Manager Warehouse Manager Operations Manager
Program Manager
8 Yearsyrs
Supply Chain Analyst Business Analyst Product Manager
Purchasing Manager
9 Yearsyrs
Inventory Analyst Business Analyst Senior Consultant
Senior Manager
10 Yearsyrs
Supply Chain Analyst Supply Chain Manager
Supply Chain Director
14 Yearsyrs
Finance Analyst Purchasing Manager Supply Chain Manager
Supply Chain Logistics Manager
9 Yearsyrs
Inventory Control Specialist Security Officer Operations Manager
Supply Chain Manager
10 Yearsyrs
Planner Senior Buyer
Supply Manager
6 Yearsyrs
Supply Chain Manager Operations Director President Of Operations
Vice President Operation Manager
9 Yearsyrs
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Inventory Control Analyst Demographics

Gender

Male

54.0%

Female

44.7%

Unknown

1.2%
Ethnicity

White

77.3%

Hispanic or Latino

12.7%

Asian

7.8%

Unknown

1.7%

Black or African American

0.5%
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Languages Spoken

Spanish

54.9%

German

5.9%

Japanese

5.9%

French

5.9%

Chinese

3.9%

Mandarin

3.9%

Cantonese

3.9%

Portuguese

2.0%

Tagalog

2.0%

Vietnamese

2.0%

Italian

2.0%

Greek

2.0%

Latvian

2.0%

Serbian

2.0%

Russian

2.0%
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Inventory Control Analyst Education

Schools

University of Phoenix

25.2%

Strayer University

7.4%

University of Memphis

5.9%

Northern Illinois University

5.2%

Middle Tennessee State University

4.4%

University of North Texas

3.7%

Michigan State University

3.7%

University of Maryland - University College

3.7%

Ohio State University

3.7%

Kent State University

3.7%

Southern New Hampshire University

3.7%

Central Michigan University

3.7%

Kaplan University

3.7%

Tennessee State University

3.7%

Davenport University

3.7%

University of Wisconsin - Whitewater

3.0%

Mesa Community College - Boswell

3.0%

Saint Louis University-

3.0%

Ferris State University

3.0%

University of Texas at Arlington

3.0%
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Majors

Business

40.3%

Accounting

11.1%

Management

6.7%

Supply Chain Management

5.8%

Marketing

4.4%

Finance

4.1%

Computer Science

2.4%

Economics

2.3%

Criminal Justice

2.3%

Human Resources Management

2.3%

Computer Information Systems

2.3%

Education

2.1%

Psychology

2.1%

Information Technology

2.1%

General Studies

2.0%

Communication

2.0%

Operations Management

1.6%

Industrial Technology

1.4%

Industrial Engineering

1.3%

Health Care Administration

1.3%
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Degrees

Bachelors

44.9%

Other

23.4%

Masters

14.9%

Associate

9.7%

Certificate

4.8%

Diploma

1.6%

Doctorate

0.4%

License

0.2%
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Real Inventory Control Analyst Salaries

Job Title Company Location Start Date Salary
Inventory Control Finance Analyst Nestle Dreyer's Ice Cream Company Oakland, CA Jan 22, 2015 $109,138
Inventory Control Finance Analyst Nestle Dreyer's Ice Cream Company Oakland, CA Feb 23, 2015 $85,000 -
$105,000
Inventory Control Finance Analyst Nestle Dreyer's Ice Cream Company Oakland, CA Dec 03, 2013 $85,000 -
$95,000
Inventory Control Analyst Coeur Mining, Inc. Chicago, IL Jan 06, 2016 $79,000 -
$80,500
Diamond Inventory Control Analyst Hi-Tech Precious Metals & Refinery, LLC Dallas, TX Sep 16, 2013 $73,736 -
$95,098
Inventory Control Analyst Princeton Animal Hospital Inc. Princeton, NJ Mar 25, 2011 $72,000
Inventory Control Analyst Bristol-Myers Squibb Company Devens, MA Nov 08, 2016 $70,000
Inventory Control Analyst Coeur Mining, Inc. Chicago, IL Aug 14, 2014 $65,000
Senior Inventory Controller Analyst Freeport McMoran Bagdad, Inc. Phoenix, AZ Nov 15, 2013 $62,000
Senior Inventory Controller Analyst Freeport-McMoran Corporation Phoenix, AZ Nov 15, 2013 $62,000
Inventory Control Analyst TRW Automotive, Inc. Marshall, IL Aug 25, 2013 $60,000
Inventory Control Analyst Kinetico Incorporated OH Aug 25, 2016 $55,000
Global Inventory Control Analyst Monsanto Company Saint Louis, MO Sep 08, 2016 $53,000
Inventory Controls Analyst Curvature, LLC. Goleta, CA Dec 12, 2016 $52,874
Inventory Control Analyst Choice Logistics, Inc. Commerce City, CO Apr 16, 2012 $51,563
Inventory Control Analyst Simon and Simon Construction, Inc. Los Angeles, CA Oct 01, 2011 $51,486
Inventory Control Analyst Simon and Simon Construction, Inc. Los Angeles, CA Sep 15, 2011 $51,486
Inventory Control Analyst Simon and Simon Construction, Inc. Orange, CA Sep 15, 2011 $51,486
Inventory Control Analyst Ins and Outs Pottery, Inc. Commerce, CA Dec 27, 2010 $51,486
Inventory Control Analyst Antaeus Fashions, LLC. South El Monte, CA Oct 01, 2010 $50,818
Inventory Control Analyst OSG Tap and Die, Inc. Parma, OH Apr 09, 2015 $49,504
Inventory Control Analyst OSG Tap and Die, Inc. Parma, OH Oct 24, 2014 $49,504
Inventory Control Analyst Choice Logistics, Inc. New York, NY Oct 01, 2011 $49,088

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Top Skills for An Inventory Control Analyst

InventoryControlProceduresDailyCycleCountsAnnualPhysicalInventoryInventoryLevelsPurchaseOrdersAccurateInventoryRawMaterialsAuditCustomerServiceLogisticsInventoryManagementSKUInventoryAdjustmentsInventoryTransactionsSafetyDataEntryInventoryReportsProcessImprovementsInventorySystemPerpetualInventoryEnvironment

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Top Inventory Control Analyst Skills

  1. Inventory Control Procedures
  2. Daily Cycle Counts
  3. Annual Physical Inventory
You can check out examples of real life uses of top skills on resumes here:
  • Developed and implemented inventory control procedures and reconciled inventory transactions.
  • Perform daily cycle counts to assure accurate representation of the frozen system quantities.
  • Assisted all warehouses with annual physical inventory and reconciliation of systems after count was completed.
  • Work with clients HP, IBM, and DELL personnel in managing inventory levels.
  • Negotiated with vendors, portioned purchase orders and filled inventory based on market needs.

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