Demand and Inventory Analyst II

Job Title: Demand and Inventory Analyst II

FLSA Status: Exempt

Department: Inventory Control & Warehouse Operations

Reports to: Global Warehouse Manager

Flex Work Eligible! This position qualifies for the Flexible Work Policy. Employees receive 75 work days annually to work remote! The initial amount of days is prorated for the first year based on start date.

GENERAL DESCRIPTION / PURPOSE:

The Demand and Inventory Analyst II develops, integrates, and manages supply and demand alignment on a short- and medium-term horizon. Additional responsibilities include developing plans to ensure optimum inventory levels and implementing procedures to ensure that the proper inventory is in all warehouse locations.

ESSENTIAL JOB FUNCTIONS:

Operational Excellence

• Identify gaps between available supply and allocation, resolve intra-business unit customer priorities and develop new reporting processes and tools to achieve efficient completion of these tasks.
• Manage the implementation, communication and coordination of forecasts and availability, related to service level inventories, new product introductions and phase-outs.
• In conjunction with Operations, Supply Chain, and Inventory Control, establish inventory stocking levels and deployment strategies for each product line.

Functional and Technical Skills

• Develop and publish forecasts of anticipated demand, using historical data, sales trends, and customer projections to maintain optimum inventory levels utilizing safety stocks, blanket orders and economic order quantities, to meet business needs.
• Direct and maintain fleet inventory system, implement stocking strategies to reduce open work order volume.
• Perform thorough research and document inventory discrepancies using all available resources to identify root causes and supply possible solutions.

Compliance

• Develop control systems to prevent regeneration of material obsolescence.
• Report, analyze, and drive reduction of excess and obsolete inventory.
• Regularly monitor inventory control workflow and the execution of assigned processes.
• Create monthly inventory control reports and complete action items to meet department goals.
• Develop strategies, analyses, inventory management processes that enable focus on improving the inventory turns metrics.
• Maintain and report inventory accuracy.

Customer Support

• Participate on cross functional project team meetings and maintain Loram functional area relationships to manage appropriate inventory levels.
• Review and act upon Engineering Change Notices by working with engineering and production to determine new specifications.
• Support and direct cross-functional teams to continuously improve processes.

BEHAVIORAL COMPETENCIES:

• Value Based
• Customer Focus
• Problem Solving
• Action Oriented
• Planning and Organizing
• Managing Through Systems

REQUIRED QUALIFICATIONS:

Education: Bachelor's Degree in Business or related field.

Experience: 3+ Years Business experience and/or training. 4+ Years Demand and Inventory Analysis/Inventory Management experience.

Knowledge, Skills and Abilities:

• Advanced PC skills in Microsoft Word and Excel.

*Or 8+ years combination of education and experience in Demand and Inventory Analysis/Inventory Management.

PREFERRED QUALIFICATIONS:

Licenses/Certifications: Ability to obtain and maintain Railroad Certifications.

WORKING CONDITIONS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Office deskwork, requiring sitting, walking, using phone & computer.
• May lift up to 30 lbs. occasionally.
• Can tolerate variable and sometimes challenging conditions during visits or inspections of company equipment in a railroad environment.

Loram is an Equal Opportunity Employer and will make all employment-related decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, marital status, familial status, status with regard to public assistance, membership or activity in a local commission, protected veteran status, or any other status protected by applicable law.

Rev: Oct 2024

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