Parts Inventory Analyst

Job Description

Job Description

Description:

The Parts Inventory Analyst is responsible for ensuring optimal inventory levels and stock management across multiple locations, contributing to a superior customer service experience. The role involves analyzing data to guide inventory decisions, overseeing vendor supply chains, and maintaining accurate SKU pricing. The analyst plays a key role in product launches, lifecycle management, and overall supply chain efficiency to ensure stock is effectively utilized and always available when needed.

Duties and Responsibilities

Forecasting and Stock Levels

• Analyze forecast data for parts/SKUs to maintain appropriate stock levels across all locations.
• Manage recommended orders to ensure stock availability and prevent shortages.
• Assess inventory levels at various stores to support capacity planning and distribution needs.
• Monitor and summarize KPI’s as part of daily, weekly, monthly objectives.

Replenishment and SKU Management

• Review replenishment policies and approve stock additions to align with demand.
• Provide data-driven insights for SKU rationalization and inventory requirements.
• Develop and maintain vendor performance scorecards to evaluate supplier reliability, lead times, and compliance with replenishment policies; collaborate with vendors to address gaps and improve service levels.
• Maintain a portfolio of vendors, negotiate pricing, terms, delivery, and cadenced updating of all allied price tapes.
• Create and issue on order reports weekly for allied vendors for Logistics and Operations teams.
• Root cause analysis for inventory issues, making cost-benefit decisions, and recommending improvements

Lifecycle Optimization

• Review and adjust lifecycle parameters to align stock levels with sales trends and SKU performance.
• Develop strategies for end-of-lifecycle items to reduce non-moving inventory an minimize excess stock.
• Identify and chase waste throughout the dealership using lean tools,(5’s/PSQDC), to make efficiency/fiscal gains on all aspects of the procurement of inventory.
• Become subject matter expert with allied SOS returns and assist Logistic and Operations team in creation and execution of RMA’s.
• Performs all other duties as assigned.

Qualifications

Education

• Relevant education in supply chain management or business-related fields.
• Specialized Knowledge
• Basic to intermediate knowledge of supply chain processes and systems
• DBS/ERP system experience
• Vendor Negotiation/Management

Skills

• Strong written and verbal communication skills.
• Beginner to intermediate knowledge of Microsoft Excel or related software.
• Data analysis and its application to supply chain management.
• Accuracy & Detail-oriented: Maintaining precise records, ensuring data integrity, and up-to-date system info.
• Knowledge of machine populations, technical data, and evolving parts support strategies

Abilities

• Ability to work independently, make data-driven decisions, and apply analytical skills to enhance inventory management.
• Capable of optimizing stock levels to improve efficiency and meet organizational goals.
• Will work safely, identifying and correcting any near misses as they arise both in a physical and financial nature.
• Coordinating with sales, operations, accounting, logistics, and branch teams to align inventory strategies

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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c).