PURPOSE OF THE ROLE:
The Inventory Data Analyst plays a key role in optimizing operations by analyzing data, processes, and material flows to identify areas for improvement.
This position is responsible for implementing changes, developing business cases, and ensuring long-term success through effective change management.
Working closely with cross-functional teams, the role also focuses on standardizing best practices, fostering innovation, and leading sustainability initiatives.
Develop and implement strategies to optimize the supply chain, including procurement, inventory management, and distribution, to ensure the timely delivery of electrical products and components to customers and production facilities.
Coordinate transportation activities, including route planning, carrier selection, and freight management, to ensure cost-effective and timely delivery of goods.
Negotiate contracts with transportation providers and monitor performance to meet service level agreements.
Oversee warehouse operations, including receiving, storage, and order fulfillment, to maintain efficient inventory levels and minimize stockouts.
Implement best practices for inventory management, such as ABC analysis and cycle counting, to optimize inventory turnover and reduce carrying costs.
Develop and maintain inventory control procedures to ensure accuracy and traceability of inventory movements.
Implement inventory optimization techniques, such as safety stock management and just-in-time inventory, to minimize excess inventory and improve cash flow.
Ensure compliance with regulatory requirements and industry standards related to transportation, warehousing, staffing and product handling.
Stay informed about changes in regulations and implement necessary measures to maintain compliance.
Identify potential risks in the supply chain, such as transportation delays, supplier shortages, and quality issues, and develop contingency plans to mitigate risks and ensure continuity of operations.
Monitor key performance indicators (KPIs) related to logistics operations, such as on-time delivery, fill rate, and inventory accuracy, and implement corrective actions as needed to improve performance.
Prepare regular reports and presentations for management review.
Collaborate with internal departments, such as procurement, production, sales, and customer service, to coordinate logistics activities and ensure alignment with overall business objectives.
Communicate effectively with external stakeholders, including suppliers, customers, and transportation partners.
Requirements
Bachelor's degree in Industrial Engineering or Supply Chain Management, logistics; advanced degree or professional certification preferred.
Proven experience (typically 5-7 years) in logistics management, preferably in the electrical industry or a related sector.
Strong understanding of logistics processes, including transportation, warehousing, and inventory management.
Proficiency in logistics software and systems, such as transportation management systems (TMS) and warehouse management systems (WMS).
Excellent analytical, problem-solving, and decision-making skills.
Strong communication, negotiation, and interpersonal abilities.
Ability to manage multiple priorities in a fast-paced environment and meet deadlines.
Knowledge of regulatory requirements and industry standards related to logistics and transportation.
Leadership experience, with the ability to inspire and motivate a team to achieve goals and objectives.