Senior Inventory Analyst - Manufacturing & Supply Chain

Inventory analyst

Major Responsibilities:

The Plant Inventory Analyst serves a critical function of driving consistent processes and oversight of key inventory controls, Audits, transaction control, compliance as per Finance module. 

As a liaison between MP&L Staff and the Plant, the Plant Inventory Analyst must also work with various departments at the Plant to ultimately ensure inventory control management/Optimization, turns improvement, inventor forecast.

 

Job details:

• Review and resolve negative inventory balances on a daily basis.  Determine root cause.

• Assist the plant in performing the appropriate inventory transactions/corrections / adjustments

• Support MP&L Staff/Plant in achieving Inventory target, including Inv roadmaps kept up to date with feasible action items

• Verify Plant is compliant with MCRP guidelines and scorecard metric is green. Develop corrective actions/processes to achieve compliance/metric.

• Analyze inventory records in order to assist with cycle root cause investigation and other related inventory BOH issues.

• Prepare monthly inventory package to be reviewed with OCM. Lead discussions and work closely with plant management to address inventory issues and provide corrective actions.

• Lead weekly inventory governance review process as per the defined standard

• Provide training as required and be able to assist Plant with any questions.

• Utilize reports in the SNURK and IMT to track plant performance. Understand data presented in reports and be able to provide training as needed.

• Review Intra Company Settlement (ICS) transactions and work with plant teams to correct any mismatches (sending & receiving plant)

• Prepare plants for any upcoming audits

• Evaluate supplier’s locations for bailment to secure bailment inventory at supplier.

• Provide training to supplier bailment personnel on correct use of CMMS as well as ensure bailment facility employees have appropriate CMMS security.

• Check required documentation to identify shipment to be corrected in order to support Freight Claims, supplier/Carrier discrepancies, quality reject for bailed parts. 

• Schedule/analyze/process bailment part cycle counts and maintain last reconciliation date for bailment parts on screen SHBA. Monitor negative BOH of bailment.

• Assist plant engineering change control functions to manage running change of bailment as well as perform all required transactions during BOH fine tune.

• Work closely with the Bailee and Plant Quality Department to ensure part transactions are performed accurately for quality issues.

• Enter scrap transactions into CMMS for bailed parts (Bailee caused scrap and FCSD request) and ensure mutilation process at supplier for high scrap. 

• Create manual ASN for bailed parts leaving the bailee to plant as per SCM request, quality reject, and non-moving bailments.

• Support Finance to follow up aging payment of bailment chargeback.

• Review CS part and bailment part to complete system set up for supplier type and work with PPM for BOM issues related to bailment 

Inventory Management:

• Understand and Master the concept of In-plant float, Opres, Variable float, Fixed float, Advance Jobs, PFEP, Ship Frequency & Transit Time

• Maintain & Update Right Inventory inputs in CMMS in line with agreed standards

• Review & Challenge all Float / TT change requests based on Inventory impact to budget/Forecast & Business emergency

• Review, Challenge and update stockpile requests based on Business case and ensure closure of stockpiles when business demand ends

• Review and optimize all VSMs. Work with Plants, Network Logistics, RTM, Capacity, Op Plan, Supply Chain to identify opportunities of Inventory reduction in all input parameters

• Inventory Budget / Forecast - Engage all Cross Functional teams in developing Budget / Business plan numbers

• Ensure Monthly forecasting is done for all plants and support with necessary variance explanations

• Deliver Inventory actuals In line with Budget & support with any efficiencies that may be tasked

Maintenance & Optimization:

• Drive sustainable operation support for plant MP&L operations

• Diagnose and resolve technical issues related to inventory and cycle count operations

• Identify opportunities for process improvement 

• Deploy latest advancements in MP&L plant operation with automation technologies driving efficiency.

• Collaborate with the various MP&L skill engineering team to develop and implement AI automation reporting on KPI

 

Qualifications:

• Engineering Degree or Equivalent Bachelor's degree.

• 6+ years of experience in Manufacturing MP&L function – Inventory / Quality / Audit, Material Handling, SCM, ECC.

• Altryx development, Python, datamart skill.

• Experience with shop floor activities 

• Excellent troubleshooting and problem-solving skills.

• Strong communication and interpersonal skills, with a proven ability to interact effectively with both technical and non-technical stakeholders.

• Ability to work independently and as part of a team.

• A proactive approach to identifying and resolving potential issues.

 

Preferred Qualifications:

• Experience with cloud-based platforms and data analytics.

• Experience working in a manufacturing or industrial environment.

• Project management experience.

Experience Level

Senior Level