The Inventory Analyst and Buyer will work closely with Product Managers as a business unit to help drive a high fill rate, sales, and GP margin.
As an Inventory Analyst and Buyer, you will be responsible for:
PURCHASING:
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Execute replenishment purchase orders using ERP forecasts and recommendations
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Reviews the PO Recommend Action Report and analyzes the forecast within the ERP system to ensure accuracy. Determine the optimal quantity to purchase for products below order point. Factors in usage rate, item rank, lead time, MOQ, standard pack, vendor minimum, paid freight/discount target, and upcoming promotions during order placement.
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Analyzes unusual sales monthly and override usage when needed.
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For strategic vendors, develop periodic (quarterly/bi-annual) larger PO’s that drive additional cost savings basis points far ahead of the holding costs of extra “A” stock.
ANALYTICS:
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Ensure efficient activity (in purchasing, order management, inventory management), maintain system data and forecasts, adjust buying controls
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Ensure 90% of vendors confirm PO’s within 24 hours of send and escalate if promise date is out of tolerance (1.5X system lead time)
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Expedites delivery of goods with suppliers to maintain customer order fill rate and to reduce lead time average. Actively maintains the shipping data within the system to ensure it is up to date and accurate.
BUYING CONTROLS & FILL RATE OPTIMIZATION:
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Responsible for preferred WH (brand) and “any WH” fill rate to meet Purchasing – Execute replenishment purchase orders using ERP forecasts and recommendations
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Establish proper ARP paths that optimize the level of inter-company transfers (WTDO’s).