Location
Bangalore | India
Job description
As an Inventory Analyst, your primary responsibility is to monitor and optimize inventory levels to ensure efficient supply chain operations. You will analyze inventory data, forecast demand, and implement strategies to minimize stockouts and excess inventory. Additionally, you will collaborate with cross-functional teams to improve inventory management processes and drive cost savings.
Responsibilities:
Inventory Analysis and Planning:
- Analyze historical sales data, market trends, and customer demand to forecast future inventory needs.
- Monitor inventory levels, identifying discrepancies, and taking corrective actions to maintain accuracy.
- Optimize inventory levels by setting appropriate reorder points, safety stock levels, and lead times.
- Conduct regular inventory audits and cycle counts to ensure data accuracy and minimize discrepancies.
Demand Forecasting:
- Collaborate with sales, marketing, and operations teams to gather demand forecasts and align inventory accordingly.
- Utilize statistical models, forecasting tools, and market insights to accurately predict demand.
- Analyze demand patterns, seasonality, and sales trends to adjust inventory planning strategies.
Inventory Optimization:
- Identify slow-moving or obsolete inventory and recommend actions to minimize holding costs and improve cash flow.
- Evaluate suppliers' performance and lead time to ensure timely replenishment of inventory.
- Implement inventory control and management strategies such as ABC analysis, just-in-time (JIT), or economic order quantity (EOQ) to optimize inventory levels.
Reporting and Communication:
- Generate regular reports and key performance indicators (KPIs) related to inventory performance.
- Communicate inventory status, trends, and recommendations to stakeholders and management.
- Collaborate with cross-functional teams, such as purchasing, logistics, and finance, to align inventory strategies with overall business objectives.
Qualifications:
- Bachelor's degree in supply chain management, logistics, business administration, or a related field.
- Proven experience of 7+ years as an Inventory Analyst or in a similar role, preferably in a fast-paced environment.
- Strong analytical skills with the ability to interpret data and draw actionable insights.
- Proficiency in inventory management software and enterprise resource planning (ERP) systems.
- Knowledge of demand forecasting techniques and inventory optimization strategies.
- Excellent communication and presentation skills to convey complex information to various stakeholders.
- Detail-oriented with strong organizational and problem-solving abilities.
- Ability to work independently and collaboratively in a team environment.
When you join us, you'll also be joining Danaher's global organization, where 80,000 people wake up every day determined to help our customers win. As an associate, you'll try new things, work hard, and advance your skills with guidance from dedicated leaders, all with the support of powerful tools and the stability of a tested organization.
At Danaher, we value diversity and the existence of similarities and differences, both visible and not, found in our workforce, workplace and throughout the markets we serve.Our associates, customers and shareholders contribute unique and different perspectives as a result of these diverse attributes.
If you've ever wondered what's within you, there's no better time to find out.
Job tags
Salary
