Data

Inventory Data Analyst

Looking to hire your next Inventory Data Analyst? Here’s a full job description template to use as a guide.

About Vintti

Vintti is a staffing agency with a unique mission: to create win-win scenarios for both US businesses and Latin American professionals. We address the challenges faced by SMBs, startups, and firms in finding the right talent, as well as the aspirations of skilled Latin American workers seeking international opportunities. By bridging this gap, Vintti enables US companies to access a wealth of untapped talent, while providing Latin American professionals with pathways to expand their careers on a global scale. Our approach cultivates a symbiotic ecosystem that benefits all parties involved.

Description

An Inventory Data Analyst plays a critical role in managing and analyzing data related to a company's inventory. This role encompasses collecting, processing, and interpreting data to optimize inventory levels and ensure efficient supply chain management. By leveraging various data analysis tools and methodologies, the Inventory Data Analyst helps identify trends, forecast demand, and minimize costs through effective inventory control. The position requires strong analytical skills, attention to detail, and the ability to translate complex data into actionable insights, ultimately supporting business decision-making and enhancing operational efficiency.

Requirements

- Bachelor’s degree in Business, Supply Chain Management, Statistics, or a related field.
- Proven experience as an inventory analyst or in a similar role.
- Proficient in inventory management software (e.g., SAP, Oracle, NetSuite).
- Advanced proficiency in Microsoft Excel, including pivot tables, VLOOKUP, and complex formulas.
- Strong analytical and problem-solving skills.
- Excellent attention to detail and accuracy.
- Ability to work with large datasets and perform data cleansing.
- Experience with database querying languages (e.g., SQL) preferred.
- Strong organizational and multitasking abilities.
- Effective communication and interpersonal skills.
- Ability to collaborate with cross-functional teams.
- Familiarity with statistical analysis and forecasting techniques.
- Experience with ERP systems and inventory forecasting tools.
- Understanding of supply chain and inventory management principles.
- Ability to conduct root cause analysis on inventory discrepancies.
- Comfortable preparing and presenting reports to management.
- Experience with physical inventory counts and cycle counts.
- Knowledge of compliance standards and inventory policies.
- Strong time-management skills and the ability to meet deadlines.
- Ability to adapt to new inventory processes and systems.

Responsabilities

- Collect and analyze inventory data from multiple sources.
- Monitor and ensure inventory accuracy.
- Generate daily, weekly, and monthly inventory reports.
- Conduct inventory audits to align physical and system inventories.
- Update and maintain inventory records in management software.
- Identify and recommend corrective actions for inventory discrepancies.
- Collaborate with purchasing and logistics to optimize turnover.
- Develop and maintain forecasting models for inventory needs.
- Perform root cause analysis on inventory variances.
- Assist in implementing new inventory management systems.
- Participate in cross-functional inventory meetings.
- Train and support departments on inventory management practices.
- Reconcile discrepancies with suppliers regarding orders or shipments.
- Ensure compliance with inventory policies and procedures.
- Set up and maintain product data, including SKUs.
- Support physical and cycle inventory counts.
- Analyze impact of product changes on inventory levels.
- Prepare ad hoc reports and presentations on inventory metrics.
- Improve data collection and analysis processes.
- Ensure data integrity and perform data cleansing activities.

Ideal Candidate

The ideal candidate for the Inventory Data Analyst role is a meticulous and detail-oriented professional with a bachelor’s degree in Business, Supply Chain Management, Statistics, or a related field, and has proven experience in a similar inventory analysis role. They possess advanced proficiency in inventory management software such as SAP, Oracle, or NetSuite, and are highly skilled in Microsoft Excel, capable of using pivot tables, VLOOKUP, and complex formulas. This candidate excels in handling large datasets and has experience with database querying languages like SQL. They demonstrate strong analytical and problem-solving abilities, easily identifying and resolving inventory discrepancies through thorough root cause analysis. Excellent attention to detail, organizational skills, and multitasking abilities allow them to maintain accuracy and data integrity even under tight deadlines. Furthermore, they are familiar with supply chain principles, statistical analysis, and inventory forecasting techniques. Effective communication and interpersonal skills enable them to collaborate seamlessly with cross-functional teams, provide training and support on best practices, and present detailed reports to management. The ideal candidate is proactive, resourceful, and adaptable, constantly seeking opportunities for process improvement while adhering to compliance standards. Their solid understanding of ERP systems and inventory forecasting tools, combined with a reliable work ethic and strong commitment to data accuracy, sets them apart as a dedicated and highly competent addition to the team.

On a typical day, you will...

- Collect and analyze inventory data from various sources, including databases and spreadsheets.
- Monitor inventory levels to ensure accuracy and prevent overstocking or stockouts.
- Generate daily, weekly, and monthly inventory reports for management review.
- Conduct regular audits to ensure physical and system inventory alignment.
- Utilize inventory management software to update and maintain accurate inventory records.
- Identify trends, patterns, and discrepancies in inventory data and recommend corrective actions.
- Collaborate with purchasing and logistics teams to optimize inventory turnover rates.
- Develop and maintain inventory forecasting models to predict future inventory needs.
- Perform root cause analysis on inventory variances and develop strategies to address them.
- Assist in the implementation of new inventory management processes and systems.
- Participate in cross-functional meetings to discuss inventory levels, forecasts, and issues.
- Provide training and support to other departments on inventory management best practices.
- Liaise with suppliers to reconcile any discrepancies in orders or shipments.
- Ensure compliance with inventory policies and procedures.
- Set up and maintain product data, including SKUs, descriptions, and pricing.
- Support the preparation and execution of physical inventory counts and cycle counts.
- Analyze the impact of product recalls, discontinuations, and new product launches on inventory levels.
- Prepare ad hoc reports and presentations on inventory performance metrics as needed.
- Continuously improve data collection and analysis processes to enhance inventory accuracy.
- Ensure data integrity and perform regular data cleansing activities.

What we are looking for

- Detail-oriented with strong accuracy in data entry and analysis
- Proactive problem-solving skills and resourcefulness
- Highly analytical mindset with the ability to interpret complex data
- Strong organizational and multitasking capabilities
- Excellent communication and interpersonal skills
- Team player with ability to collaborate across departments
- Adaptability to varying inventory processes and systems
- Integrity and commitment to maintaining data accuracy and integrity
- Initiative to identify and act on opportunities for process improvement
- Dependable with a strong work ethic and dedication to meeting deadlines
- Ability to work independently and manage time efficiently
- Strong foundational understanding of supply chain and inventory principles
- Proficiency in inventory management software and advanced Excel functions
- Experience with database querying languages and ERP systems
- Aptitude for conducting thorough root cause analysis on inventory variances
- Comfort with preparing and presenting detailed reports to management
- Understanding of compliance standards and adherence to inventory policies
- Ability to train and provide support on inventory best practices
- Capability for foreseeing and anticipating inventory needs and challenges

What you can expect (benefits)

- Competitive salary range commensurate with experience
- Comprehensive health, dental, and vision insurance
- Retirement savings plan with company match
- Flexible work hours and remote work opportunities
- Paid time off (PTO) and holidays
- Professional development and training programs
- Opportunities for career advancement within the company
- Employee wellness programs and resources
- Supportive work environment with a focus on work-life balance
- Recognition and reward programs for outstanding performance
- Access to company-sponsored events and activities
- Employee assistance program (EAP) for personal and professional support
- Tuition reimbursement for continuing education
- Onsite gym and fitness facilities (if applicable)
- Transportation benefits, such as commuter subsidies
- Discounts on company products and services
- Collaborative and inclusive company culture
- Paid parental leave and family support programs

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