Inventory Analyst

Company Overview: Segway is a dynamic and growing company specializing in importing a wide range of products from our parent company in China. We take pride in our commitment to quality, efficiency, and customer satisfaction. As an Inventory Analyst with a specialization in safety stock management, you will play a crucial role in maintaining tight control over our warehouses, ensuring accurate inventory totals, and optimizing safety stock levels to support our operations.

Job Description: As an Inventory Analyst, your primary responsibility will be to manage and control our warehouses and inventory totals, with a strong emphasis on safety stock management to ensure that products are readily available for our customers while minimizing the risk of stockouts.

Key Responsibilities:

Safety Stock Management:

• Develop, implement, and maintain robust safety stock policies and procedures to ensure product availability while mitigating risks associated with fluctuations in demand or supply chain disruptions.
• Regularly review and adjust safety stock levels based on historical data, demand forecasts, and market trends.
• Collaborate with cross-functional teams to ensure that safety stock levels align with business goals and customer expectations.
• Align the multiple WMS against SAP to ensure all forward and reverse logistics are appropriately account it.

Inventory Management:

• Monitor and maintain accurate inventory levels by conducting regular cycle counts and reconciliations.
• Implement inventory control procedures to minimize shrinkage and prevent overstock or stockouts, with a particular focus on safety stock items.
• Ensure that safety stock levels are well-integrated into the overall inventory control strategy, including working with manufacturing schedules to prevent unnecessary production.

Warehouse Management:

• Collaborate with the warehouse team to organize and optimize warehouse layouts for efficient handling of safety stock items.
• Implement best practices for receiving, storing, and shipping safety stock products.
• Monitor warehouse activities related to safety stock to ensure compliance with safety protocols.

Data Analysis:

• Utilize inventory management software and tools to analyze data trends related to safety stock items.
• Generate reports and provide insights into the performance of safety stock levels, identifying areas for improvement and adjustment.
• Make data-driven recommendations to enhance safety stock management and overall inventory control.

Supplier Communication:

• Maintain open communication with our parent company in China to coordinate shipments of safety stock items, lead times, and product availability.
• Work closely with suppliers to ensure that safety stock requirements are met and aligned with demand fluctuations.

Process Improvement:

• Continuously identify opportunities for process improvement and automation related to safety stock management.
• Implement new strategies to enhance the efficiency of safety stock control and minimize carrying costs.

Compliance and Documentation:

• Ensure compliance with all relevant import/export regulations and maintain accurate records of safety stock movements, receipts, and disbursements.
• Collaborate with the compliance team to ensure that safety stock practices meet regulatory requirements.

Qualifications:

• Bachelor's degree in supply chain management, business administration, or a related field.
• Proven experience in inventory control, warehouse management, and safety stock management.
• Strong analytical skills with proficiency in inventory management software and Excel.
• Knowledge of import/export regulations and international shipping processes.
• Excellent communication and interpersonal skills.
• Detail-oriented and highly organized.
• Ability to work in a fast-paced environment and meet deadlines.

We offer competitive compensation packages, including benefits such as health insurance, retirement plans, and paid time off. If you have the skills and experience required for this position, we would love to hear from you. Please submit your resume along with a cover letter detailing your qualifications for the role.

Job Type: Full-time

Pay: $60,000.00 - $75,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee discount
• Flexible schedule
• Health insurance
• Paid time off
• Retirement plan
• Vision insurance

Schedule:

• 8 hour shift

Work Location: In person