Job Description
Inventory Analyst
Department: Logistics
Reports To: Supply Chain Manager
Position Type: Full-Time | Exempt
Location: Richmond, VA
Position Summary
We are seeking an analytical and detail-oriented Inventory Analyst to support inventory accuracy, material availability, and operational efficiency within a manufacturing environment. This role is responsible for analyzing inventory data, monitoring stock levels, identifying trends, and maintaining accurate inventory records to support production objectives.
The Inventory Analyst partners cross-functionally with Operations, Production, Logistics, Quality, and Finance to improve inventory performance, reduce discrepancies, optimize inventory levels, and drive continuous process improvements through data-driven decision making.
The ideal candidate thrives in a fast-paced manufacturing environment and possesses strong analytical, communication, and problem-solving skills.
Key Responsibilities
- Design, schedule, and execute cycle count programs across all inventory locations.
- Coordinate cycle counts with warehouse and production teams to minimize operational disruption.
- Analyze inventory count results, investigate discrepancies, and drive timely resolution.
- Maintain inventory records and prepare inventory accuracy reports.
- Lead root cause investigations for inventory variances, shortages, and overages.
- Partner with Receiving, Production, Quality, Finance, and Logistics to resolve inventory issues.
- Document findings and implement corrective and preventive actions.
- Track recurring inventory issues and recommend process improvements.
- Monitor inventory accuracy KPIs, including location accuracy, item accuracy, and overall inventory health.
- Develop dashboards and reporting to communicate inventory performance.
- Support physical inventories and year-end audits.
- Maintain data integrity within the ERP system and correct inventory-related system issues.
- Ensure accurate finished goods inventory to support shipping, customer fulfillment, and operational planning.
- Provide inventory availability insights to support production planning.
- Assist with material replenishment to ensure production schedules are met.
- Participate in Sales & Operations Planning (S&OP) meetings as the inventory subject matter expert.
- Identify inventory risks and communicate potential shortages proactively.
- Cross-train as backup support for production scheduling and demand planning functions.
- Support capacity planning and Material Requirements Planning (MRP) activities as needed.
- Perform additional duties as assigned.