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%
$60,203
TOTAL 50%
$61,698
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)
Describes the importance and use of replenishment tools and applications for the DRP process.
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Level 2 Behaviors
(Light Experience)
Helps with DRP by checking the movements of materials into external warehouses.
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Level 3 Behaviors
(Moderate Experience)
Guides the junior staff on product distribution and daily replenishment activities.
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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)
Leads demand forecasting and distribution process improvements to increase overall efficiency and productivity.
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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)
Discusses main concepts and elements of enterprise resource planning (ERP) systems.
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Level 2 Behaviors
(Light Experience)
Conducts basic diagnosis and troubleshooting to identify root causes of ERP system issues.
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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)
Ensures strict compliance of our business's ERP system with global ERP standards.
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Level 5 Behaviors
(Mastery)
Establishes procedures and best practices the ensure the integrity of ERP systems and databases.
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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)
Discusses the different types of inventory control systems.
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Level 2 Behaviors
(Light Experience)
Conducts regular stock checks and reports any issues to the management.
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Level 3 Behaviors
(Moderate Experience)
Investigates and corrects discrepancies in reported quantities and locations of all inventory.
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Level 4 Behaviors
(Extensive Experience)
Integrates inventory management principles in controlling stocks to avoid oversupply and undersupply.
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Level 5 Behaviors
(Mastery)
Establishes systems to assure the accuracy of cost-effective inventory management systems.
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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)
Describes own business unit's role in the production of our organization's P/S.
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Level 2 Behaviors
(Light Experience)
Outlines the main advantages of our business's main P/S.
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Level 3 Behaviors
(Moderate Experience)
Examines the products and services from the perspective of the customer.
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Level 4 Behaviors
(Extensive Experience)
Incorporates quantifiable evidence to prove that the value of the product is credible.
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Level 5 Behaviors
(Mastery)
Educates others on the structure and integration of cross-functional products or services.
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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)
Explains the integral role data collection plays when conducting analytical thinking.
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Level 2 Behaviors
(Light Experience)
Asks the right questions to ensure clarity on business goals and requirements.
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Level 3 Behaviors
(Moderate Experience)
Develops alternative solutions and compares the pros and cons.
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Level 4 Behaviors
(Extensive Experience)
Determines and prioritizes the sequence of steps for a specific situation.
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Level 5 Behaviors
(Mastery)
Evaluates potential risks using extensive industry knowledge when considering new opportunities.
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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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