Inventory Analyst

Overview

The Inventory Analyst is responsible for maintaining accurate inventory records and supporting the efficient flow of materials throughout the manufacturing facility. This position will analyze inventory data, perform and investigate inventory discrepancies, maintain accurate ERP transactions, and identify opportunities to improve inventory accuracy, material availability, and overall inventory control.

The Inventory Analyst will work closely with Purchasing, Receiving, Production, Warehouse, Quality, Engineering, and Supply Chain to ensure materials are properly received, identified, transacted, stored, issued, and reported in the ERP system.

Key Responsibilities

Inventory Control & Accuracy

• Maintain accurate inventory records within the ERP system.
• Analyze inventory variances and determine root causes.
• Coordinate recounts and corrective actions when discrepancies are identified.
• Monitor inventory accuracy by location, part number, and material type.
• Ensure material is properly identified, labeled, and stored.
• Identify obsolete, excess, slow-moving, and potentially inaccurate inventory.
• Support physical inventory activities and annual inventory counts.

ERP & Transaction Management

• Ensure inventory transactions are completed accurately and in a timely manner.
• Monitor receipts, issues, transfers, adjustments, returns, and other inventory transactions.
• Research and correct inaccurate or missing ERP transactions.
• Identify transactions that may create inventory inaccuracies or production shortages.
• Maintain accurate inventory locations and part information.
• Assist with ERP system improvements and inventory-related master data accuracy.

Material Availability & Production Support

• Work closely with Production and Materials teams to identify material shortages and inventory discrepancies.
• Research shortages and determine whether the issue is physical inventory, ERP accuracy, purchasing, receiving, or material location.
• Help ensure materials are available at the appropriate production work centers when required.
• Track missing, misplaced, or unprocessed material.
• Assist in resolving material issues that could impact production schedules or customer deliveries.
• Monitor material movement between receiving, warehouse, outside processing, and production.

Inventory Analysis

• Analyze inventory levels, usage, variances, and trends.
• Identify root causes of inventory discrepancies and recurring problems.
• Monitor inventory accuracy KPIs and report results to management.
• Identify opportunities to reduce excess inventory while maintaining adequate material availability.
• Analyze inventory transactions to identify process breakdowns and training opportunities.
• Support management with data and analysis for inventory-related decisions.

Process Improvement

• Identify opportunities to improve inventory control processes.
• Standardize inventory procedures and work instructions.
• Support Lean Manufacturing, 5S, and continuous improvement initiatives.
• Participate in root-cause analysis and corrective-action activities.
• Improve material identification, labeling, storage, and transaction processes.
• Work with cross-functional teams to eliminate recurring inventory problems.

Key Performance Indicators

The Inventory Analyst will be measured on factors including

• Inventory record accuracy
• Cycle-count accuracy
• Cycle-count completion rate
• Inventory adjustments
• Inventory discrepancy resolution time
• Material availability to production
• Number of unresolved inventory discrepancies
• ERP transaction accuracy and timeliness

Location accuracy

Obsolete and excess inventory

Reduction of recurring inventory errors

Required

• 2+ years of experience in inventory control, materials, warehouse operations, supply chain, or a related manufacturing environment.
• Experience working with an ERP/MRP system.
• Strong analytical and problem-solving skills.
• Strong attention to detail and accuracy.
• Ability to investigate discrepancies and determine root causes.
• Strong Excel skills, including sorting, filtering, pivot tables, and basic formulas.
• Ability to work effectively with Production, Purchasing, Warehouse, Receiving, and Supply Chain personnel.
• Ability to work in a manufacturing environment and spend significant time on the production floor and in warehouse/material storage areas.

Skills & Competencies

• Analytical thinking
• Problem solving and root-cause analysis
• Strong attention to detail
• ERP system proficiency
• Advanced Excel/data analysis skills
• Communication and follow-through
• Organization and time management
• Accountability and ownership
• Cross-functional collaboration
• Continuous improvement mindset
• Ability to work independently while maintaining strong communication with the broader materials team
• Hayden Industrial has determined this position involves safety-sensitive job duties and will be considered a safety-sensitive position for purpose of the Oklahoma Medical Marijuana and Patient Protection Act (The Unity Bill) effective August 29, 2019.

Supervisor Responsibility

This position has no direct supervisory responsibilities. The Inventory Analyst may provide guidance and support for inventory-control processes and inventory-related investigations.

Work Environment

Non-temperature-controlled environment with loud noise, dust, dirt, and metal particles commonly associated with metal fabrication shops. Employees are required to wear applicable personal protective equipment, including hearing protection, safety glasses with side shields, masks or respirators when required, and OSHA-compliant safety footwear within the manufacturing facility.

Physical Demands

The employee regularly stands, walks, bends, kneels, stoops, and moves throughout warehouse, inventory-storage, and manufacturing areas. The employee may occasionally lift or move up to 50 pounds. Required vision abilities include close vision, distance vision, peripheral vision, depth perception, color vision, and the ability to adjust focus. The employee will spend significant time working on the production floor and within warehouse and inventory-storage locations.

Position Type/Expected Hours of Work

This is a full-time position. Days and hours of work are Monday through Friday, 7:00 a.m. to 3:30 p.m. Occasional evening and weekend work may be required as job duties demand.

Travel

No travel is required for this position.

Benefits

Hayden Industrial offers health, dental, and vision coverage; a 401(k) plan with company match; paid time off; and professional-development opportunities.

AAP/EEO Statement

Hayden Industrial is an equal employment opportunity employer committed to a workplace free of discrimination. Applicants and employees receive equal opportunity and treatment without regard to any status protected by applicable federal, state, or local law. Employees must comply with applicable nondiscrimination laws and company policies.