Inventory Analyst

Inventory Analyst

Hot Job

K3 - Kankakee, IL 60901

Overview

Salary Range $74,000.00 - $85,000.00 Salary/year Position Type Full Time Category Supply Chain

Description

Position Summary:

The Inventory Analyst is responsible for maintaining and improving inventory accuracy across a fast-paced manufacturing operation with high inventory turnover and material movement. This role analyzes inventory transactions, identifies and resolves discrepancies, facilitates cycle count program, monitors inventory performance metrics, and partners with Production, Purchasing, Logistics and Finance to ensure material availability while minimizing excess inventory. The successful candidate will possess strong analytical skills, exceptional attention to detail, and the ability to thrive in a dynamic manufacturing environment where inventory accuracy is critical to production continuity and customer fulfillment.

Essential Duties And Responsibilities:

• Develop, coordinate, and execute cycle count programs.
• Analyze count variances and determine underlying causes.
• Monitor adherence to inventory control procedures and counting standards.
• Support annual physical inventories and audit activities
• Track inventory accuracy metrics and report performance to management.
• Investigate inventory discrepancies and perform root cause analysis.
• Ensure timely and accurate processing of inventory transactions including receipts, issues, transfers, production reporting, and adjustments.
• Identify trends impacting inventory performance and implement corrective actions.
• Reconcile physical inventory with system inventory records.
• Analyze inventory performance metrics including: Inventory accuracy, Inventory turns, Material shortages, Slow-moving and obsolete inventory
• Identify opportunities to optimize inventory levels and reduce working capital.
• Partner with production teams to ensure material availability.
• Investigate material shortages impacting production schedules.
• Monitor WIP (Work in Process) inventory accuracy.
• Support engineering and production change initiatives affecting inventory.
• Assist with BOM (Bill of Material) and routing validation activities.
• Lead continuous improvement initiatives related to inventory management and material flow.
• Standardize inventory control processes and work instructions.
• Support implementation of warehouse and inventory best practices.
• Ensure compliance with inventory control policies and procedures.
• Support internal and external audits.
• Maintain accurate documentation of inventory adjustments and investigations

Qualifications

Qualifications:

· Ability to read and comprehend simple instructions, short correspondence, and memos.

· Ability to write simple correspondence.

· Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.

· Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.

· Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.

· Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.

· Ability to deal with problems involving several concrete variables in standardized situations.

Education/Experience:

· Bachelor's degree in Supply Chain, Operations Management, Business, Finance, Engineering, or related field.

· 2-5 years of inventory analysis, inventory control, supply chain, or manufacturing experience.

· Experience working within a manufacturing environment with high inventory transaction volume.

· Strong ERP experience

· Advanced Microsoft Excel skills including Pivot Tables, XLOOKUP, Power Query, and data analysis functions.

· Strong analytical and problem-solving abilities

Essential Functions:

Physical

· Low physical effort required to sit, stand at files, bend, stoop, lift, and walk.

· Maximum unassisted lift – 50 lbs. Average lift less than 25 lbs.

· Requires ability to use a keyboard, monitor and calculator.

· Requires the ability to communicate verbally, both in person and on the telephone.

· Travel < 5% of the time.

Work Environment

· Inside average office environment.

· Average office noise levels.

· Daily outside weather conditions

· Personal protective equipment may be required.

Compensation Package

Based on Full Time Employment

· Base pay: Competitive - DOE

· Benefits: American Highway to provide health care options, 401(k), and further benefits as described in the materials supplied to you. Vacation, holidays, etc. are outlined in our Employee Handbook and Benefits Guide