Inventory Analyst

The Inventory Analyst will partner with the Inventory Manager to develop and execute inventory strategies that drive incremental sales and profit for Factory Motor Parts.  He/she will be responsible for ensuring the attainment of in stock goals while helping maintain inventory efficiency.  The Inventory Analyst must be able to manage multiple projects simultaneously and prioritize in accordance of a rapidly changing environment.

DUTIES AND RESPONSIBILITIES:

Replenishment System / Allocation Management

• Optimize the automated replenishment system parameters based on rate of sales, lead times, and order frequency to ensure meeting our inventory levels and in stock goals


• Own the purchase order process for assigned vendors and categories; follow up with vendors and field teams regarding on time shipment and receipt of purchase orders.


• Monitor product flow from vendors to distribution centers and to spokes; replenish and allocate product as needed


• Drive in stocks to target while managing inventory efficiencies


• Adhere to OTB spend while achieving planned turnover and revenue growth

Planning / Analysis

• Assist in providing support and analysis as necessary regarding sales, purchases, inventory levels and vendor performance


• Partner with the Inventory Manager to perform analysis and review upcoming promotional forecasts and seasonal activity based on sales, inventory, and in stock expectations

Communication

• Develop relationship with Inventory Manager through active involvement in business decisions


• Maintain collaborative partnerships with vendors, distribution centers, and spokes to ensure the rapid and efficient movement of goods through the supply chain


• Communicate with field teams and respond to individual location issues as needed


• Communicate vendor issues promptly to Inventory and Category Managers to ensure prompt resolution

Process Improvement

• Drive change in company best methods and be a resource for inventory system / process enhancements

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

MINIMUM REQUIREMENTS: 

• Advanced PC skills and Microsoft Office


• Demonstrated analytical ability and problem solving skills


• Strong attention to detail, planning, and organizational skills


• Excellent verbal and written communication skills


• Strong computer skills, systems aptitude, and experience


• Demonstrated leadership skills


• Ability to work independently and with a high level of energy and initiative


• Ability to interface with all levels of management

PREFERRED REQUIREMENTS:

• Financial analysis and/or forecasting experience


• Factory Motor Parts systems aptitude and experience

EDUCATION and/or EXPERIENCE:

• Bachelors of Science degree in Business, Marketing, Economics, Math, or Statistics from an accredited four year college or university or equivalent business experience;


• 2+ years business experience (Inventory, Merchandising, Merchandise Planning, Supply Chain, Purchasing, or Retail experience preferred); or equivalent combination of education and experience.

We are an EEOC/AA Employer. An industry leader, FMP offers well-balanced compensation and benefits programs, which may include medical, dental, vision, life, 401K, profit sharing, paid holidays/vacation/sick time, STD/LTD, + much more. Salary is based on experience and job performance.