Inventory Analyst

Job Description

• Manage raw materials and finished goods inventory to support production schedules and meet customer demand.
• Achieve working capital targets by balancing stock levels and minimizing excess or obsolete inventory.
• Develop accurate bottom-up inventory forecasts aligned with sales forecasts and production plans.
• Utilize MRP systems to ensure timely availability of materials and prevent shortages or overstock situations.
• Partner with the purchasing team to review and improve ordering parameters, including reorder points, lead times, and minimum order quantities (MOQs).
• Design and maintain inventory dashboards and reports to monitor key performance indicators (KPIs) and identify opportunities for improvement.
• Lead regular inventory review meetings with operations teams (branches and/or DC) to present results and drive corrective actions.
• Support cycle counts, inventory audits, and reconciliation activities to maintain high inventory accuracy.
• Support S&OP and demand planning processes by aligning inventory strategies with forecasted demand and sales goals.
• Identify and mitigate inventory risks such as stockouts, excess stock, and product obsolescence.
• Develop and implement inventory management policies and standard operating procedures (SOPs).
• Collaborate with procurement, operations, and finance teams to ensure alignment on inventory strategies and decisions.
• Leverage technology and data analytics tools to enhance inventory visibility, accuracy, and reporting.
• Ensure inventory readiness for new product launches and product phase-outs.
• Identify opportunities to reduce inventory costs and improve operational efficiency.

Qualifications

• Bachelor’s degree in supply chain management, Business Administration, Logistics, or a related field, or an equivalent combination of education and relevant work experience.
• Minimum of 3 years of experience in inventory management, supply chain operations, or data analysis.

Technical Skills:

• Advanced proficiency in Microsoft Office Suite, including Excel, Word, PowerPoint, and Outlook.
• Experience working with inventory management systems, including MRP and ERP platforms.
• Experience implementing and managing Cost Take Out (CTO) initiatives.
• Proven track record of effective inventory management and optimization.
• Ability to interpret and analyze financial data to support inventory and operational decisions.
• Strong written and verbal communication skills, with the ability to deliver clear presentations and collaborate effectively with cross-functional teams.

Additional Information

Compensation: CAD 65,000- 75,000

This is an existing vacancy.

Mitten Inc. is also committed to providing an inclusive and barrier free recruitment and selection process. Applicants should advise Human Resources if they require any type of accommodation during the recruitment process.