Job Title:  Inventory Analyst

Location: 

Peabody, MA, US, 01960

Business Unit:  Precitech/TMC
Posting Date:  Jan 26, 2024
Job Description: 

As an Inventory Analyst at TMC, an AMETEK company, you will play a crucial role in managing and optimizing inventory levels in a manufacturing environment. This position involves analyzing data, implementing inventory control strategies, and collaborating with cross-functional teams to ensure efficient and accurate inventory management. The Inventory Analyst contributes to minimizing costs, improving production efficiency, and maintaining optimal stock levels.

 

 

Key Responsibilities:

Inventory Analysis:

  • Conduct regular analysis of inventory data to identify trends, discrepancies, and opportunities for improvement.
  • Monitor and report on key performance indicators (KPIs) related to inventory accuracy, stockouts, and excess inventory.
  • Utilize data analytics tools to forecast demand and adjust inventory levels accordingly.

Reporting and Documentation:

  • Generate and analyze regular reports on inventory performance.
  • Maintain accurate documentation of inventory transactions and adjustments.
  • Prepare and present inventory-related reports to management as needed.

Cycle Counting and Auditing:

  • Develop and implement cycle counting programs to ensure the accuracy of on-hand inventory.
  • Perform regular physical inventory audits and reconcile any discrepancies.
  • Investigate and resolve root causes of inventory discrepancies.

Replenishment Planning:

  • Collaborate with production and procurement teams to establish optimal inventory levels based on production schedules and demand forecasts.
  • Implement replenishment strategies to minimize stockouts and excess inventory.
  • Optimize reorder points and safety stock levels for critical items.

Process Improvement:

  • Identify opportunities for process improvement in inventory control procedures.
  • Implement best practices to enhance the efficiency of inventory management processes.
  • Work with cross-functional teams to streamline workflows and minimize lead times.

Collaboration with Cross-Functional Teams:

  • Communicate regularly with production, procurement, and logistics teams to align inventory management with production plans.
  • Provide insights and recommendations to optimize inventory-related processes.
  • Collaborate with quality control to address and resolve issues related to inventory accuracy.

 

Qualifications:

  • Bachelor’s degree in Supply Chain Management, Logistics, Business Administration, or a related field.
  • 1-3 years of relevant experience in supply chain management or a related field in a manufacturing environment
  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal skills.
  • Proficient in Microsoft Office Suite and familiarity with supply chain management software is a plus.
  • Ability to adapt to a fast-paced and dynamic work environment.
  • Ability to analyze and interpret complex data to make informed decisions.
  • Familiarity with Advance Excel, Power Bi is plus

 

Compensation

Salary Minimum:  Market
Salary Maximum:  Market
Incentive:  No

Disclaimer: Where a specific pay range is noted, it is a good faith estimate at the time of this posting.  The actual salary offered will be based on experience, skills, qualifications, market / business considerations, and geographic location.

AMETEK is committed to making a safer, sustainable, and more productive world a reality. We use differentiated technology solutions to solve our customers’ most complex challenges. We employ 18,500 colleagues, in 30 countries, that are grounded by our core values: Ethics and Integrity, Respect for the Individual, Diversity and Inclusion, Teamwork, and Social Responsibility. AMETEK is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of over $6.0 billion. Traded publicly (NYSE:AME), we are a component of the S&P 500. Visit www.ametek.com for more information.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class. Individuals who need a reasonable accommodation because of a disability for any part of the employment process should call 1 (866) 263-8359.


Nearest Major Market: Boston