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Inventory Analyst

Date:  Nov 19, 2022


Global Industrial

Corporate Overview

For over 70 years Global Industrial has been an industry leader providing private label and brand name industrial equipment and supplies to businesses throughout North America.

We carry over one million industrial, material handling and business products that are sold through our website, corporate sales people and full color catalogs. We are constantly increasing our product offerings to meet the diverse and changing needs of our customers. Our customers include small to large corporations, institutions, government agencies and consumers across North America.

Key Responsibilities

  • Reviews and places purchase orders to the distribution centers for assigned suppliers
  • Responsible for managing inventory levels for assigned suppliers/product lines and developing and implementing plans as needed to achieve inventory turns goals
  • Expedites and devises alternative solutions to resolve backorders in a timely manner
  • Identifies slow moving inventory and initiates supplier returns and/or works cross-functionally (Marketing, Sales) to devise ways to sell through the inventory
  • Works with warehouse and AP teams to processes receiving and inventory exceptions according to established time and process guidelines
  • Develops internal cross-functional relationships to enhance the purchasing process
  • Assists Product Managers with strategies to purchase product at the lowest possible price
  • Ensures timeliness of product delivery and the quality of the product delivered through frequent interaction with vendors and Product Managers
  • Meets with Product Managers regularly to discuss and resolve supplier issues and to review product line performance relative to goal
  • Learns to identify product database errors and follows up to ensure correction
  • Works on process improvement teams and cross-functional initiatives
  • Works with Demand Planners to develop predefined scenarios for demand shaping or supply relocation, capacity (transportation, DC) to balance/optimize supply and demand
  • Reviews and validates procurement and distribution plans (based on business rules, lead times, unconstrained forecasts, sales orders, safety stock requirements, etc)
  • Coordinates with suppliers and Product Managers to identify and reconcile gaps and supply shortages, providing an early warning system for issue identification
  • Reviews purchasing system and other reports and takes action accordingly
  • Develops and implements corrective action plans to address service issues caused by supplier performance
  • Meets or exceeds established customer service level goals for assigned items/suppliers
  • Participation in special projects and performs additional duties as required

Competencies and skills

  • An Associate Degree in Business or the equivalent experience is required
  • Experience with Forecasting or Demand Planning preferred
  • APICs Certified in Production & Inventory Management preferred
  • Computer literacy and proficiency in MS Office is required
  • Excellent organizational and planning skills are required
  • Basic negotiation, follow up, and facilitation skills required
  • Excellent verbal and written communications skills are also required
  • Basic knowledge of descriptive statistics is preferred

EEO/AA Statement

Global Industrial provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Job Segment: Demand Planner, Supply Chain, Warehouse, Supply, Procurement, Operations, Manufacturing