Analyst - Inventory

AZEK Company
Eagan, MN Full Time
POSTED ON 8/15/2023 CLOSED ON 3/29/2024

Job Posting for Analyst - Inventory at AZEK Company

The AZEK Company is a $1 Billion and growing industry-leading manufacturer of beautiful, low-maintenance, and environmentally sustainable building products, with a focus on decking and outdoor living. Consistently recognized as the market leader in innovation, quality and aesthetics, products across AZEK’s portfolio are made from up to 100% recycled material and primarily replace wood on the outside of homes, providing a long-lasting, eco-friendly and stylish solution to consumers. We are committed to accelerating the use of recycled material in the manufacturing of our innovative products, keeping millions of pounds of waste out of landfills each year, and revolutionizing the industry to create a more sustainable future. In June 2020, we completed a highly successful IPO.

We are committed to providing a diverse, equitable and inclusive workplace where diversity of all kinds is sought out, valued, respected and appreciated.  We are building and promoting a culture where everyone feels empowered to bring their full, authentic selves to work. It fuels our innovation, drives operational excellence and is a source of our competitive differentiation, while connecting us closer to our customers and the communities we serve. 

Job Description: Inventory Analyst 

Position Overview 

As an Inventory Analyst, you will play a crucial role in optimizing inventory management processes to ensure efficient stock levels, minimize costs, and support the overall supply chain operations. Your expertise in data analysis, forecasting, and inventory optimization will contribute to maintaining optimal inventory levels while meeting customer demand and organizational goals. This role will be conducting cycle counts and resolving discrepancies in cycle counts.

Key Responsibilities

Data Analysis and Forecasting

   - Collect, analyze, and interpret inventory data to identify trends, patterns, and opportunities for improvement.  

   - Develop and maintain accurate demand forecasts based on historical data, market trends, and seasonality.  

   - Collaborate with cross-functional teams to gather relevant information and insights for forecasting accuracy. 

Inventory Management 

   - Manage Cycle counting. 

   - Monitor inventory levels and adjust reorder points to maintain optimal stock levels and minimize stockouts or overstock situations.  

   - Review and analyze inventory turnover rates, aging stock, and slow-moving items to recommend appropriate actions.  

   - Implement inventory replenishment strategies and reorder policies to support production and sales goals. 

 

Reporting and Communication 

   - Generate regular reports and dashboards to communicate inventory performance metrics, trends, and insights to key stakeholders.  

   - Collaborate with internal teams, such as purchasing, sales, and production, to ensure alignment on inventory goals and strategies. 

 

Process Improvement 

   - Identify process inefficiencies and propose solutions to streamline inventory management workflows.  

   - Implement best practices for inventory control, accuracy, and record-keeping to reduce errors and discrepancies. 

 

Vendor and Supplier Management 

   - Work closely with Purchasing to ensure accurate and timely delivery of inventory.  

Technology and Tools  

   - Utilize inventory management software/Fishbowl/JDE and tools to track and manage inventory levels, orders, and replenishments.  

   - Leverage data analytics and advanced Excel skills to create models and forecasts for better inventory decision-making. 

 

Qualifications

- Bachelor's degree in supply chain management, Business Administration, Economics, or a related field (preferred). Advanced degrees or certifications (e.g., CSCP, CPIM) are a plus.  

- Proven experience as an Inventory Analyst, Demand Planner, or related role.  

- Strong analytical and quantitative skills with the ability to work with large datasets and translate insights into actionable strategies.  

- Proficiency in using inventory management software, data analysis tools, and Microsoft Excel. \ 

- Excellent communication and collaboration skills to work effectively with cross-functional teams and external partners.  

- Detail-oriented mindset with a focus on accuracy and precision in inventory analysis.  

- Knowledge of supply chain principles, inventory optimization techniques, and industry trends.  

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