Location: Medina, MN
Salary: W2 ONLY
Description: Our client is currently seeking a Demand and Inventory Analyst to join their team on-site in Hamel, MN on a permanent basis!
This job will have the following responsibilities:
•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 summarize demand 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 the client's lease fleet, manufacturing and customer requirements.
•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.
•Develop control systems to prevent regeneration of material obsolescence and provide the most cost-effective method of disposing of known obsolete materials. 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.
•Participate on cross functional project team meetings and maintain the client's 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.
•Lead cross-functional teams to continuously improve processes.
Qualifications & Requirements:
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