Skills & Competencies for Vendor Managed Inventory Analyst I

Vendor Managed Inventory Analyst I job profile

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JOB SUMMARY for Vendor Managed Inventory Analyst I

Maintains the customer's inventory replenishment levels and stock models based on approved schedule and agreed-upon targets.

JOB RESPONSIBILITIES for Vendor Managed Inventory Analyst I

Monitors and analyzes utilization, product availability, pricing, and lead times to prepare VMI models. Understands all VMI parameters, calculations and data feeds to accurately generate replenishment orders. Develops reports to track all metrics and identify trends or issues that impact inventory levels. Expedites and resolves any shipping, delivery, ordering or system issues that may impact expected inventory replenishment targets.

Vendor Managed Inventory Analyst I SALARY RANGE

BASE 50%
$61,518
TOTAL 50%
$63,168
Job Level
P01
Job Code
MM18000181
Education/Degree
Bachelor's Degree
Reports To
Manager or Head of a Unit/Department

Vendor Managed Inventory Analyst I 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 Vendor Managed Inventory Analyst I skill and competencie below to view definitions.
INDUSTRY COMPETENCIES JOB FAMILY COMPETENCIES CORE COMPETENCIES
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1 hard skill or competency (industry competency) for Vendor Managed Inventory Analyst I

1 Industry Competency – Distribution Requirements Planning
Proficiency Level -1
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.
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Level 2 Behaviors
(Light Experience)
Informs the materials department of shortages and excess supplies before distribution.
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Level 3 Behaviors
(Moderate Experience)
Performs DRP functions to meet customer demands as well as enhance outbound logistics and warehouse operations.
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Level 4 Behaviors
(Extensive Experience)
Initiates the resolution of short- and long-term supply and demand imbalances at distribution centers.
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Level 5 Behaviors
(Mastery)
Monitors and makes sure that all DRP and replenishment activities comply with quality procedures and policies.
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3 Vendor Managed Inventory Analyst I - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Vendor Managed Inventory Analyst I
Proficiency Level - 4
5 Competency for - Vendor Managed Inventory Analyst I
Proficiency Level - 5

7 general skills or competencies (Job family competencies) for Vendor Managed Inventory Analyst I

1 Job Family Competencies – ERP Systems
Proficiency Level -1
Skill definition-Leveraging advanced tools and software systems to automate and manage core business functions cost-effectively to maximize performance.
Level 1 Behaviors
(General Familiarity)
Documents best practices to ensure successful ERP implementation.
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Level 2 Behaviors
(Light Experience)
Documents requirements and challenges that affect ERP system implementation.
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Level 3 Behaviors
(Moderate Experience)
Makes changes and updates in ERP and database systems to streamline business operations.
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Level 4 Behaviors
(Extensive Experience)
Manages large-scale ERP rollouts in the system implementation project.
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Level 5 Behaviors
(Mastery)
Leads the integration and alignment of ERP system standards into strategic technology decisions.
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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.
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Level 2 Behaviors
(Light Experience)
Tracks inbound and outbound orders to prevent overstocking and out-of-stock inventory.
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Level 3 Behaviors
(Moderate Experience)
Performs inventory audits to ensure alignment of inventory records with physical inventory counts.
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Level 4 Behaviors
(Extensive Experience)
Leverages standard formulas to forecast and control inventory levels.
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Level 5 Behaviors
(Mastery)
Leads and monitors inventory control processes to reduce inventory errors and improve demand forecasting.
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3 Vendor Managed Inventory Analyst I - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Vendor Managed Inventory Analyst I
Proficiency Level - 4
5 Competency for - Vendor Managed Inventory Analyst I
Proficiency Level - 5

5 soft skills or competencies (core competencies) for Vendor Managed Inventory Analyst I

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.
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Level 2 Behaviors
(Light Experience)
Summarizes the features, specifications, or functions of any given P/S.
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Level 3 Behaviors
(Moderate Experience)
Explores target customers to sell and deliver products and services.
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Level 4 Behaviors
(Extensive Experience)
Instructs others to explain the key factors that differentiate the products from those of the competitors.
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Level 5 Behaviors
(Mastery)
Initiates an evaluation of the past, evolution, and future plans of the product or service line.
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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.
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Level 2 Behaviors
(Light Experience)
Gathers necessary information from various channels to support decision-making.
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Level 3 Behaviors
(Moderate Experience)
Handles complex issues and provides solutions to improve efficiency and scalability.
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Level 4 Behaviors
(Extensive Experience)
Evaluates the cost, return, risks, and achievements before recommending a solution.
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Level 5 Behaviors
(Mastery)
Forecasts customers' expectations and formulates strategies to ensure customer satisfaction.
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3 Vendor Managed Inventory Analyst I - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Vendor Managed Inventory Analyst I
Proficiency Level - 4
5 Competency for - Vendor Managed Inventory Analyst I
Proficiency Level - 5

Summary of Vendor Managed Inventory Analyst I skills and competencies

There are 1 hard skills for Vendor Managed Inventory Analyst I, Distribution Requirements Planning.
7 general skills for Vendor Managed Inventory Analyst I, ERP Systems, Inventory Control, Inventory Management, etc.
5 soft skills for Vendor Managed Inventory Analyst I, Products And Services, Analytical Thinking, Attention to Detail, etc.
While the list totals 13 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 Vendor Managed Inventory Analyst I, he or she needs to be proficient in Products And Services, be proficient in Analytical Thinking, and be proficient in Attention to Detail.

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