An Inventory Control Analyst is responsible for managing the adequacy of inventories for distribution and business operations. Inventory Control Analysts inspect the quality of tools and materials required for the production and identify cost-reduction opportunities without compromising the quality standards. They also perform administrative and clerical duties, such as filing reports, creating purchase requests, processing customers' orders and payments, and overseeing sales targets. An Inventory Control Analyst must have excellent organizational and computer skills, especially handling and updating databases and updating information for accurate reference.

Inventory Control Analyst Responsibilities

Here are examples of responsibilities from real inventory control analyst resumes representing typical tasks they are likely to perform in their roles.

  • Manage the implementation and roll-out of SharePoint as a team collaboration and document management tool.
  • Create and set up - new item numbers, UPC codes and BOM in company database.
  • Procure materials base on MRP analysis to support marketing plan and follow up with vendors to ensure availability.
  • Develop inventory and distribution logistics plans and procedures.
  • Analyze and compare BOM requirements with AS400 system inventory information.
  • Participate in system transition from legacy to JDA forecasting system.
  • Utilize WMS to determine product storage locations leading to improve efficiency.
  • Coordinate the procurement, logistics, inventory management, and supplier relations operations.
  • Analyze MRP, determining material availability and develop production schedule base on firm orders and forecasts.
  • Implement new software to utilize current information and find more efficient policies and procedures for ordering inventory and scheduling plant operations.
Inventory Control Analyst Traits
Writing skills is important when it comes to clearing expressing yourself in any written document.
Analytical skills have to do with gathering information from various sources and then interpreting the data in order to reach a logical conclusion that benefits the business.
Interpersonal skills involves being able to communicate efficiently with multiple people regarding your thoughts, ideas and feedback.

Inventory Control Analyst Job Description

When it comes to understanding what an inventory control analyst does, you may be wondering, "should I become an inventory control analyst?" The data included in this section may help you decide. Compared to other jobs, inventory control analysts have a growth rate described as "much faster than average" at 26% between the years 2018 - 2028, according to the Bureau of Labor Statistics. In fact, the number of inventory control analyst opportunities that are predicted to open up by 2028 is 28,100.

An inventory control analyst annual salary averages $50,171, which breaks down to $24.12 an hour. However, inventory control analysts can earn anywhere from upwards of $35,000 to $71,000 a year. This means that the top-earning inventory control analysts make $36,000 more than the lowest-earning ones.

It's hard work to become an inventory control analyst, but even the most dedicated employees consider switching careers from time to time. Whether you're interested in a more challenging position or just looking for a fresh start, we've compiled extensive information on becoming a co-operations internship, graduate research associate, analyst, and supply systems analyst.

Inventory Control Analyst Jobs You Might Like

Inventory Control Analyst Resume Examples

Inventory Control Analyst Skills and Personality Traits

We calculated that 9% of Inventory Control Analysts are proficient in Logistics, Inventory Levels, and Inventory Control. They’re also known for soft skills such as Writing skills, Analytical skills, and Interpersonal skills.

We break down the percentage of Inventory Control Analysts that have these skills listed on their resume here:

  • Logistics, 9%

    Provided cross-functional leadership with Finance and Logistics to ensure accuracy of planning system master data.

  • Inventory Levels, 9%

    Analyzed inventory levels, supplies and product demand to determine reorder levels to ensure product availability and minimize inventory cost.

  • Inventory Control, 7%

    Coordinated with Operations, Warehousing, Finance and Purchasing divisions to comprehensively manage various aspects of internal and external inventory control.

  • WMS, 4%

    Utilized WMS to determine product storage locations leading to improved efficiency.

  • Raw Materials, 4%

    Analyze and maintain proper documentation of inventory records for government equipment and company owned parts and raw materials.

  • Cycle Counts, 4%

    Performed audits on inbound/outbound materials, including inventory cycle counts, audit summary/analysis and reporting to the executive management team.

"logistics," "inventory levels," and "inventory control" aren't the only skills we found inventory control analysts list on their resumes. In fact, there's a whole list of inventory control analyst responsibilities that we found, including:

  • Writing skills can be considered to be the most important personality trait for an inventory control analyst to have. According to a inventory control analyst resume, "operations research analysts write memos, reports, and other documents explaining their findings and recommendations." Inventory control analysts are able to use writing skills in the following example we gathered from a resume: "supported boulder facility for report writing using sequel and as400 query. "
  • Another trait important for fulfilling inventory control analyst duties is analytical skills. According to a inventory control analyst resume, "operations research analysts use a wide range of methods, such as forecasting, data mining, and statistical analysis, to examine and interpret data." Here's an example of how inventory control analysts are able to utilize analytical skills: "determined what and when to count inventory items using abc analysis resolved inventory discrepancies"
  • Inventory control analysts are also known for interpersonal skills, which can be critical when it comes to performing their duties. An example of why this skill is important is shown by this snippet that we found in a inventory control analyst resume: "operations research analysts typically work on teams" We also found this resume example that details how this skill is put to the test: "cited for excellence in interpersonal communications, teamwork, customer service, flexibility and reliability. "
  • An inventory control analyst responsibilities sometimes require "problem-solving skills." The responsibilities that rely on this skills are shown by this resume excerpt: "operations research analysts need to be able to diagnose problems on the basis of information given to them by others" This resume example shows how this skill is used by inventory control analysts: "monitored material usage, investigated problems, and developed solutions for inventory irregularities, resulting in precise inventory reporting. "
  • Yet another important skill that an inventory control analyst must demonstrate is "math skills." The models and methods used by operations research analysts are rooted in statistics, calculus, linear algebra, and other advanced mathematical disciplines. This is clearly demonstrated in this example from an inventory control analyst who stated: "generated reports for month end and year end financial closings and inventory audits as well as on inventory statistics and processes. "
  • While "communication skills" is listed last on this skills list, don't underestimate its importance to inventory control analyst responsibilities. The skill is described by this resume snippet, "operations research analysts often present their data and conclusions to managers and other executives" Here is an example of how this skill is used, "collaborated with production, sales and distribution centers to improve communication quality. "
  • See the full list of inventory control analyst skills.

    Before becoming an inventory control analyst, 60.2% earned their bachelor's degree. When it comes down to graduating with a master's degree, 6.2% inventory control analysts went for the extra education. If you're wanting to pursue this career, it may be possible to be successful with a high school degree. In fact, most inventory control analysts have a college degree. But about one out of every seven inventory control analysts didn't attend college at all.

    Those inventory control analysts who do attend college, typically earn either business degrees or accounting degrees. Less commonly earned degrees for inventory control analysts include supply chain management degrees or management degrees.

    Once you're ready to become an inventory control analyst, you should explore the companies that typically hire inventory control analysts. According to inventory control analyst resumes that we searched through, inventory control analysts are hired the most by Jabil, PDS Tech, and Rush Copley Medical Center. Currently, Jabil has 2 inventory control analyst job openings, while there are 2 at PDS Tech and 2 at Rush Copley Medical Center.

    Since salary is important to some inventory control analysts, it's good to note that they are figured to earn the highest salaries at Varian Medical Systems, The Home Depot, and Apple. If you were to take a closer look at Varian Medical Systems, you'd find that the average inventory control analyst salary is $86,991. Then at The Home Depot, inventory control analysts receive an average salary of $79,110, while the salary at Apple is $78,336.

    View more details on inventory control analyst salaries across the United States.

    Some other companies you might be interested in as a inventory control analyst include Sears Holdings, JPMorgan Chase, and J. C. Penney. These three companies were found to hire the most inventory control analysts from the top 100 U.S. educational institutions.

    The industries that inventory control analysts fulfill the most roles in are the manufacturing and retail industries. But the highest inventory control analyst annual salary is in the technology industry, averaging $61,454. In the manufacturing industry they make $58,797 and average about $58,272 in the automotive industry. In conclusion, inventory control analysts who work in the technology industry earn a 19.9% higher salary than inventory control analysts in the transportation industry.

    The three companies that hire the most prestigious inventory control analysts are:

      What Co-Operations Internships Do

      Co-operations interns perform various tasks for an organization. These include troubleshooting computer issues for employees, updating the documentation on internal troubleshooting, and designing and performing clerical tasks such as data entry and making telephone calls. Co-operations interns must learn management techniques to lead and supervise others, assist in the management and implementation of production plans, and participate in meetings with the manager. They are also expected to perform tasks such as researching and preparing logistics reports.

      In this section, we compare the average inventory control analyst annual salary with that of a co-operations internship. Typically, co-operations interns earn a $26,479 lower salary than inventory control analysts earn annually.

      While their salaries may differ, one common ground between inventory control analysts and co-operations interns are a few of the skills required in each craft. In both careers, employees bring forth skills like data entry, management system, and iso.

      These skill sets are where the common ground ends though. An inventory control analyst responsibility is more likely to require skills like "logistics," "inventory levels," "inventory control," and "wms." Whereas a co-operations internship requires skills like "communication," "procedures," "python," and "c++." Just by understanding these different skills you can see how different these careers are.

      Co-operations interns really shine in the technology industry with an average salary of $41,902. Whereas inventory control analysts tend to make the most money in the technology industry with an average salary of $61,454.

      The education levels that co-operations interns earn is a bit different than that of inventory control analysts. In particular, co-operations interns are 0.6% less likely to graduate with a Master's Degree than an inventory control analyst. Additionally, they're 1.8% more likely to earn a Doctoral Degree.

      What Are The Duties Of a Graduate Research Associate?

      A graduate research associate is tasked with many responsibilities. Firstly, you may be required to monitor the progress of research projects and coordinate information between departmental sections. Secondly, depending on where you find a placement, you may be the one in charge of the laboratory. If so, you will perform a wide range of assays, tests, and studies. Your job may also involve the performance of advanced laboratory experiments. You may also collect, prepare, and analyze slides for tissue cultures.

      Next up, we have the graduate research associate profession to look over. This career brings along a lower average salary when compared to an inventory control analyst annual salary. In fact, graduate research associates salary difference is $3,623 lower than the salary of inventory control analysts per year.

      While some skills are similar in these professions, other skills aren't so similar. For example, several resumes showed us that inventory control analyst responsibilities requires skills like "logistics," "inventory levels," "inventory control," and "wms." But a graduate research associate might use skills, such as, "research projects," "technical reports," "cell culture," and "data analysis."

      When it comes to the differences in education between the two professions, graduate research associates tend to reach higher levels of education than inventory control analysts. In fact, they're 35.5% more likely to graduate with a Master's Degree and 1.8% more likely to earn a Doctoral Degree.

      How an Analyst Compares

      Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.

      The third profession we take a look at is analyst. On an average scale, these workers bring in higher salaries than inventory control analysts. In fact, they make a $16,066 higher salary per year.

      While looking through the resumes of several inventory control analysts and analysts we discovered that both professions have similar skills. These similarities include skills such as "process improvements," "data entry," and "management system," but they differ when it comes to other required skills.

      As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from inventory control analysts resumes, they are more likely to have skills like "logistics," "inventory levels," "inventory control," and "wms." But a analyst might have skills like "procedures," "customer service," "troubleshoot," and "data analysis."

      Additionally, analysts earn a higher salary in the technology industry compared to other industries. In this industry, they receive an average salary of $74,694. Additionally, inventory control analysts earn an average salary of $61,454 in the technology industry.

      Analysts are known to earn higher educational levels when compared to inventory control analysts. Additionally, they're 11.4% more likely to graduate with a Master's Degree, and 2.0% more likely to earn a Doctoral Degree.

      Description Of a Supply Systems Analyst

      Supply systems analyst professionals are responsible for collecting and analyzing data that will improve the supply chain operations of an organization. These analysts are required to develop and perform logistics management operations that can involve planning, costing, coordinating, and relevant program evaluations. They must support planning and inventory management by developing applications that can perform automated inventory management and reporting. They must also liaise between the production and warehouse management to ensure the proper flow of product through the supply chain.

      Supply systems analysts tend to earn a higher pay than inventory control analysts by about $14,858 per year.

      According to resumes from both inventory control analysts and supply systems analysts, some of the skills necessary to complete the responsibilities of each role are similar. These skills include "logistics," "inventory levels," and "inventory control. "

      Each job requires different skills like "wms," "raw materials," "cycle counts," and "purchase orders," which might show up on an inventory control analyst resume. Whereas supply systems analyst might include skills like "clearance," "supplier performance," "procedures," and "erp."

      In general, supply systems analysts make a higher salary in the government industry with an average of $66,733. The highest inventory control analyst annual salary stems from the technology industry.

      The average resume of supply systems analysts showed that they earn higher levels of education to inventory control analysts. So much so that the likelihood of them earning a Master's Degree is 7.1% more. Additionally, they're more likely to earn a Doctoral Degree by 1.1%.