Skills & Competencies for Supplier Inventory Analyst

Supplier Inventory Analyst job profile

JOB SUMMARY for Supplier Inventory Analyst

Coordinates the flow of products manufactured by third parties to customers and enhance the optimization of supply chain operations.

JOB RESPONSIBILITIES for Supplier Inventory Analyst

Monitors and analyzes key metrics including inventories, delivery time, lead times, and order cycles. Evaluates product forecasts, sales force forecasts, competitive information, and market conditions. Identifies trends, issues and opportunities for process improvements and efficiencies.

Supplier Inventory Analyst SALARY RANGE

BASE 50%
$69,606
TOTAL 50%
$71,583
Job Level
P02
Job Code
MM18000186
Education/Degree
Bachelor's Degree
Reports To
Manager or Head of a Unit/Department

Supplier Inventory Analyst Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Supplier Inventory Analyst skill and competencie below to view definitions.

1 hard skill or competency (industry competency) for Supplier Inventory Analyst

1 Industry Competency – Distribution Requirements Planning
Proficiency Level -2
Skill definition-Planning the replenishment of inventory and determining the quantity of products to be transported to distribution centers to meet customer demand.
Level 1 Behaviors
(General Familiarity)
Explains the benefits of the key elements of DRP in the distribution process.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Informs the materials department of shortages and excess supplies before distribution.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Performs DRP functions to meet customer demands as well as enhance outbound logistics and warehouse operations.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Manages replenishment process and DRP activities for each warehouse and distribution center.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Monitors and makes sure that all DRP and replenishment activities comply with quality procedures and policies.
See 4 More Skill Behaviors
3 Supplier Inventory Analyst - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Supplier Inventory Analyst
Proficiency Level - 4
5 Competency for - Supplier Inventory Analyst
Proficiency Level - 5

5 general skills or competencies (Job family competencies) for Supplier Inventory Analyst

1 Job Family Competencies – Enterprise Resource Planning (ERP)
Proficiency Level -2
Skill definition-Managing and integrating business processes with a single system through an ERP system software to eliminate redundancies and boost productivity.
Level 1 Behaviors
(General Familiarity)
Explains how to use the ERP system for multiple business processes of an organization.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Maintains accuracy of customer requirements and data in ERP system.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Manages daily ERP operations to ensure performance reliability of the ERP systems.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Provides training to stakeholders to streamline and improve ERP operations.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Develops ERP implementation plans to manage business complexities and increase process efficiency.
See 4 More Skill Behaviors
2 Job Family Competencies – Inventory Control
Proficiency Level -2
Skill definition-Managing and controlling the availability and sufficiency of supplies to balance supply, meet demands, and ensure a functional supply chain.
Level 1 Behaviors
(General Familiarity)
Documents the best practices to control and manage inventory stock levels.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Tracks inbound and outbound orders to prevent overstocking and out-of-stock inventory.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Performs inventory audits to ensure alignment of inventory records with physical inventory counts.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Leverages standard formulas to forecast and control inventory levels.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Leads and monitors inventory control processes to reduce inventory errors and improve demand forecasting.
See 4 More Skill Behaviors
3 Supplier Inventory Analyst - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Supplier Inventory Analyst
Proficiency Level - 4
5 Competency for - Supplier Inventory Analyst
Proficiency Level - 5

6 soft skills or competencies (core competencies) for Supplier Inventory Analyst

1 Core Competencies – Products And Services
Proficiency Level -2
Skill definition-Knowledge of the full array of our organization's products and services including those that are created for internal customers; insight into the differentiating factors that distinguish them from those of competitors.
Level 1 Behaviors
(General Familiarity)
Discusses the primary markets for the P/S.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Summarizes the features, specifications, or functions of any given P/S.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Explores target customers to sell and deliver products and services.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Instructs others to explain the key factors that differentiate the products from those of the competitors.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Initiates an evaluation of the past, evolution, and future plans of the product or service line.
See 4 More Skill Behaviors
2 Core Competencies – Analytical Thinking
Proficiency Level -2
Skill definition-Gathering, organizing, and analyzing information to identify the root cause of organizational problems and develop alternative solutions accordingly.
Level 1 Behaviors
(General Familiarity)
Identifies tools that assist analytical thinking.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Gathers necessary information from various channels to support decision-making.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Handles complex issues and provides solutions to improve efficiency and scalability.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Evaluates the cost, return, risks, and achievements before recommending a solution.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Investigates industry trends and adjusts our business's strategy accordingly.
See 4 More Skill Behaviors
3 Supplier Inventory Analyst - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Supplier Inventory Analyst
Proficiency Level - 4
5 Competency for - Supplier Inventory Analyst
Proficiency Level - 5

Summary of Supplier Inventory Analyst skills and competencies

There are 1 hard skills for Supplier Inventory Analyst, Distribution Requirements Planning.
5 general skills for Supplier Inventory Analyst, Enterprise Resource Planning (ERP), Inventory Control, Inventory Management, etc.
6 soft skills for Supplier Inventory Analyst, Products And Services, Analytical Thinking, Attention to Detail, etc.
While the list totals 12 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Supplier Inventory Analyst, he or she needs to be proficient in Products And Services, be proficient in Analytical Thinking, and be proficient in Attention to Detail.

It's Easy to Get Started

Get the precision you need to assess, hire, and develop top talent with skills and competencies – see how with a personalized demo.