Skills & Competencies for Vendor Managed Inventory Analyst III

Vendor Managed Inventory Analyst III job profile

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JOB SUMMARY for Vendor Managed Inventory Analyst III

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 III

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 III SALARY RANGE

BASE 50%
$93,362
TOTAL 50%
$98,118
Job Level
P03
Job Code
MM18000183
Education/Degree
Bachelor's Degree
Reports To
Manager or Head of a Unit/Department

Vendor Managed Inventory Analyst III 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 III 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 III

1 Industry Competency – Distribution Requirements Planning
Proficiency Level -3
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)
Cites the differences between material requirements planning (MRP) and distribution requirements planning (DRP).
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Level 2 Behaviors
(Light Experience)
Assists in conducting DRP to ensure inventory levels are maintained in all warehouses.
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Level 3 Behaviors
(Moderate Experience)
Conducts production and distribution requirements analysis in support of demand forecasting.
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Level 4 Behaviors
(Extensive Experience)
Adapts the use of a demand-based distribution planning tool to ensure alignment with component warehouse requirements.
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Level 5 Behaviors
(Mastery)
Develops and implements key distribution planning metrics to reduce costs and improve customer service.
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3 Vendor Managed Inventory Analyst III - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Vendor Managed Inventory Analyst III
Proficiency Level - 4
5 Competency for - Vendor Managed Inventory Analyst III
Proficiency Level - 5

10 general skills or competencies (Job family competencies) for Vendor Managed Inventory Analyst III

1 Job Family Competencies – ERP Systems
Proficiency Level -2
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)
Explains how ERP systems operate through an organization.
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Level 2 Behaviors
(Light Experience)
Supports the implementation of ERP systems to manage daily business activities.
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Level 3 Behaviors
(Moderate Experience)
Utilizes computing fundamentals and principles in integrating functional requirements into ERP systems.
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Level 4 Behaviors
(Extensive Experience)
Oversees data cleanup for all existing items in ERP systems to increase process efficiency.
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Level 5 Behaviors
(Mastery)
Stays current on the latest technologies and platforms to improve the ERP system and meet business needs.
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2 Job Family Competencies – Distribution Management
Proficiency Level -3
Skill definition-Supervising and monitoring the movement of finished products from the supplier to the end user to avoid delivery delays and inventory shortages.
Level 1 Behaviors
(General Familiarity)
Identifies different types of channels in distribution management.
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Level 2 Behaviors
(Light Experience)
Tracks distribution of goods to and from the warehouse through inventory management software.
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Level 3 Behaviors
(Moderate Experience)
Works with the management team in improving route plans to ensure timely deliveries.
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Level 4 Behaviors
(Extensive Experience)
Recommends alternative distribution methods and strategies to meet consumer needs and demands.
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Level 5 Behaviors
(Mastery)
Generates and implements corrective action plans to resolve operational distribution gaps.
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3 Vendor Managed Inventory Analyst III - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Vendor Managed Inventory Analyst III
Proficiency Level - 4
5 Competency for - Vendor Managed Inventory Analyst III
Proficiency Level - 5

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

1 Core Competencies – Products And Services
Proficiency Level -3
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)
Illustrates how customers use our business's products and services.
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Level 2 Behaviors
(Light Experience)
Uses precise and appropriate terminology to explain the characteristics of the P/S.
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Level 3 Behaviors
(Moderate Experience)
Obtains information regarding the commonalities of diverse products and services within our business.
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Level 4 Behaviors
(Extensive Experience)
Proposes solutions to colleagues regarding implementation and operation-related considerations.
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Level 5 Behaviors
(Mastery)
Provides a full range of consulting for the product and service production team.
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2 Core Competencies – Analytical Thinking
Proficiency Level -3
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)
Lists skills, traits, and characteristics of analytical thinkers.
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Level 2 Behaviors
(Light Experience)
Illustrates logical relationships among diverse entities.
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Level 3 Behaviors
(Moderate Experience)
Investigates analytical thinking tools and incorporates them accordingly.
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Level 4 Behaviors
(Extensive Experience)
Guides others to analyze all factors and parameters that need to be considered.
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Level 5 Behaviors
(Mastery)
Promotes the adoption of business intelligence analysis technology to drive strategic decisions.
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3 Vendor Managed Inventory Analyst III - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Vendor Managed Inventory Analyst III
Proficiency Level - 4
5 Competency for - Vendor Managed Inventory Analyst III
Proficiency Level - 5

Summary of Vendor Managed Inventory Analyst III skills and competencies

There are 1 hard skills for Vendor Managed Inventory Analyst III, Distribution Requirements Planning.
10 general skills for Vendor Managed Inventory Analyst III, ERP Systems, Distribution Management, Inventory Control, etc.
5 soft skills for Vendor Managed Inventory Analyst III, Products And Services, Analytical Thinking, Attention to Detail, etc.
While the list totals 16 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 III, he or she needs to be skilled in Products And Services, be skilled in Analytical Thinking, and be skilled in Attention to Detail.

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