What does a senior inventory analyst do?
A senior inventory analyst plays a vital role in optimizing a company's supply chain and inventory operations. They spearhead research projects, gather and analyze consumer and market data, study the behavior of external business partners and competitors, develop sales forecasts, conduct risk assessments, and develop business strategies. Through their research findings, a senior inventory analyst generates detailed reports that help companies make decisions. Moreover, as a senior inventory analyst, it is essential to oversee junior specialists and lead staff to reach goals while implementing company standards and regulations.
Senior inventory analyst responsibilities
Here are examples of responsibilities from real senior inventory analyst resumes:
- Develop, implement, and manage an effective cycle count program for raw materials, WIP, and finish goods.
- Monitor KPI life cycles via ladder plans down to SKU level and collaborate with teams and vendors to manage exit strategies.
- Manage production and non-production stockrooms to ensure that inventory FIFO exceed industry standards.
- Maintain accurate level of material in the ERP system.
- Develop an initial Kanban sizing, SAPA and ERP systems for all manufacture parts.
- Improve data integrity by correcting CIMPRO MRP database, system logic errors & transaction procedures.
- Provide monthly KPI scorecard for forecast accuracy, PO data and customer requests for all channels.
- Analyze master schedules, MRP output, and bills of material for timely material flow to production.
- Develop new WMS functions and warehouse processes in order to help the warehouse run more efficiently and effectively.
- Train warehouses on spare parts logistics accounts and inventory management systems
- Review and analyze logistics financial data and variance explanations between forecast, budget and actual results.
- Purchase products to fill prescriptions, prepare and perform quarterly inventory, and organize pharmaceutical shelves to maintain clean and efficiency.
- Work with the AS400 system to keep an accurate inventory of all products within the establishment.
- Handle writing unplan and plan deviations being send to QA for review once investigations are complete.
- Facilitate in-plant just-in-time Kanban systems for Motorola.
Senior inventory analyst skills and personality traits
We calculated that 17% of Senior Inventory Analysts are proficient in Supply Chain, Logistics, and Manage Inventory. They’re also known for soft skills such as Writing skills, Interpersonal skills, and Problem-solving skills.
We break down the percentage of Senior Inventory Analysts that have these skills listed on their resume here:
- Supply Chain, 17%
Subject matter expert or department representative for process and system enhancements for domestic and import systems utilized within Supply Chain.
- Logistics, 10%
Correspond with Logistics Manager and Distribution Management to determine delivery schedules and minimize shipping costs by maximizing trailer capacity.
- Manage Inventory, 7%
Manage inventory and maintain accurate data for assigned focus factory inventory, including all warehouses.
- SR, 6%
Started as Spares Representative and promoted to Sr. Spares Inventory Supply Analyst.
- Process Improvement, 6%
Defined and managed projects for improving national inventory utilization, expense management, and process improvement.
- Inventory Planning, 4%
Network Integration: Managed initiative to move inventory planning reporting system from antiquated legacy systems to new Oracle Business Intelligence tool.
Most senior inventory analysts use their skills in "supply chain," "logistics," and "manage inventory" to do their jobs. You can find more detail on essential senior inventory analyst responsibilities here:
Interpersonal skills. Another essential skill to perform senior inventory analyst duties is interpersonal skills. Senior inventory analysts responsibilities require that "operations research analysts typically work on teams." Senior inventory analysts also use interpersonal skills in their role according to a real resume snippet: "developed excellent interpersonal skills while providing customer service. "
Problem-solving skills. This is an important skill for senior inventory analysts to perform their duties. For an example of how senior inventory analyst responsibilities depend on this skill, consider that "operations research analysts need to be able to diagnose problems and study relevant information to solve them." This excerpt from a resume also shows how vital it is to everyday roles and responsibilities of a senior inventory analyst: "created ad hoc financial reports for ceo, cfo, controller & buyers- provided input and suggested solutions. ".
Analytical skills. A big part of what senior inventory analysts do relies on "analytical skills." You can see how essential it is to senior inventory analyst responsibilities because "operations research analysts use a range of methods, including forecasting and data mining, to examine and interpret data." Here's an example of how this skill is used from a resume that represents typical senior inventory analyst tasks: "analyzed and corrected item attributes in oracle r12 erp system to maintain integrity of mrp. "
Communication skills. A commonly-found skill in senior inventory analyst job descriptions, "communication skills" is essential to what senior inventory analysts do. Senior inventory analyst responsibilities rely on this skill because "operations research analysts write memos, reports, and other documents and often present their data and conclusions to managers and other executives." You can also see how senior inventory analyst duties rely on communication skills in this resume example: "maintained communication channels with sources of supply, buying and marketing departments anddistribution centers and selling units. "
Math skills. Another skill commonly found on senior inventory analyst job descriptions is "math skills." It can come up quite often in senior inventory analyst duties, since "the models and methods used by operations research analysts are rooted in statistics, calculus, linear algebra, and other mathematics disciplines." Here's an example from a resume of how this skill fits into day-to-day senior inventory analyst responsibilities: "used data analysis and product usage statistics to find set par levels. "
The three companies that hire the most senior inventory analysts are:
- Uline19 senior inventory analysts jobs
- Anixter
9 senior inventory analysts jobs
- Newell Brands4 senior inventory analysts jobs
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Compare different senior inventory analysts
Senior inventory analyst vs. Method consultant
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.
There are some key differences in the responsibilities of each position. For example, senior inventory analyst responsibilities require skills like "supply chain," "logistics," "manage inventory," and "sr." Meanwhile a typical method consultant has skills in areas such as "java," "mws," "interface design," and "sftp." This difference in skills reveals the differences in what each career does.
Method consultants earn the highest salaries when working in the professional industry, with an average yearly salary of $98,944. On the other hand, senior inventory analysts are paid more in the manufacturing industry with an average salary of $79,379.On average, method consultants reach higher levels of education than senior inventory analysts. Method consultants are 19.6% more likely to earn a Master's Degree and 0.9% more likely to graduate with a Doctoral Degree.Senior inventory analyst vs. Graduate research associate
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.
While some skills are similar in these professions, other skills aren't so similar. For example, resumes show us that senior inventory analyst responsibilities requires skills like "supply chain," "logistics," "manage inventory," and "sr." But a graduate research associate might use other skills in their typical duties, such as, "r," "technical reports," "cell culture," and "research projects."
In general, graduate research associates achieve higher levels of education than senior inventory analysts. They're 14.6% more likely to obtain a Master's Degree while being 0.9% more likely to earn a Doctoral Degree.Senior inventory analyst vs. Co-operations internship
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.
Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from senior inventory analyst resumes include skills like "supply chain," "logistics," "manage inventory," and "sr," whereas a co-operations internship is more likely to list skills in "python," "c++," "c #," and "customer service. "
Co-operations interns earn the best pay in the energy industry, where they command an average salary of $41,064. Senior inventory analysts earn the highest pay from the manufacturing industry, with an average salary of $79,379.co-operations interns typically earn similar educational levels compared to senior inventory analysts. Specifically, they're 0.8% more likely to graduate with a Master's Degree, and 1.1% more likely to earn a Doctoral Degree.Senior inventory analyst vs. Supply systems analyst
Types of senior inventory analyst
Updated January 8, 2025
