The Inventory Control Analyst is responsible for the processing, monitoring, and analyzing; and giving accurate reporting of an organization's inventory level with a focus on minimizing costs, while maintaining product availability at the right amount and supply needed.
PRIMARY RESPONSIBILITIES
Ensures adequate inventory levels are maintained to maximize customer satisfaction and minimize cost
Analyzes historical demand, recent trends, and future growth opportunities to calculate the required inventory
Collects forecast from the sales organization and incorporates into purchasing schedule
Reviews inventory quantities regularly to identify trends, minimize loss from product expiration
Creates/Releases Purchase Orders based on suppliers schedule
Collaborates with the Director of Technical and Regulatory Affairs to ensure imported product clears through Customs and FDA in an appropriate time
Manages relationships and negotiates with suppliers, freight forwarding and other transport service providers
Reviews and approves supplier and freight invoices
Completes necessary inventory transactions: stock adjustments, inventory counts, write-offs, etc.
Root cause analysis of inventory discrepancies.
Coordinate movement of products between various sites.
Evaluate inventory transactions for multiple warehouse as needed to ensure accuracy and validity.
Develops and manages a stock return process for assets located around the country
Creates and administers an audit of assets for the organization
SME (subject matter expert) relating to inventory transactions in Sage
Other/Additional Responsibilities
Provide supply chain updates to the organization on a regular basis
Identify and introduce best practices for supply chain and logistics management within the organization
Identifies and issues critical KPIs to measure success and identify areas of improvement