Inventory Analyst

Job Post Index 2663BA-Sy##
Location North Chicago, IL
Description: Description
  • The inventory analyst will work with the Distribution Manager, US to support day to day inventory and warehousing operations.
  • Own the inventory reconciliation process, drive continuous improvement initiatives to ensure efficiency and predictability, and further enhance the capability to project and optimize inventories across our key supply chains.
  • Enable accurate inventory data availability for all key stakeholders and enable benchmarking between brands to drive best-in-class at all levels of the organization.
  • Support the US Distribution Manager with key performance indicators (KPI), invoicing, SAP reporting, 3PL system reporting, SOP review, Investigation Review and any other distribution related task
  • Maintain a cycle count matrix schedule, based on product ABC categorization.
  • Ensure routine cycle counting process and schedule is followed by the 3PLs- i.e., counts are completed, documentation is received (perpetual inventory, screen shots, summaries, etc), reviewed and approved.
  • All adjustments due to cycle count discrepancies are summarized for review and approval by Finance prior to making any adjustments.
  • Track and trend all adjustments need to align the inventory.
  • File all supportive matrix cycle count documentation for future review by auditors.
  • Be present at 3PL for financial audit purposes and ensure all requested documentation is provided in a timely and thorough manner.
  • Request and follow through on ad-hoc counts at 3PL.
  • Review and file all other types of counting documentation from 3PLs (pick line audits, ad-hoc counts, etc.).
  • Monitor and ensure accuracy of all customer inquiry investigations (OS/SS/Incorrect shipments).
  • Run the daily inventory reconciliation report between systems.
  • Identify new discrepancies and follow up with internal stakeholders or Global Information Technology teams to get timely and accurate resolution.
  • Track and trend inventory reconciliation issues.
  • Monitor electronic data interchange message (IDOC) failures between inventory management systems and process these message failures as approved but Global Information Technology.
  • Support financial audits by requesting shipping documentation and running reports in SAP.
  • Complete month-end analysis of inventory KPIs, as well as order accuracy and returns.
  • Run other daily reports including completed daily outbound deliveries and returns reconciliation between SAP.
  • Complete daily verification of outbound deliveries.
  • Support Order Management team for order cancellations, batch determination, completing transactions in SAP for medical devices with asset values, etc.
  • Provide monthly 3PL invoicing reconciliation reports related to pallet storage, outbound deliveries, etc.
  • Review and analyze other reports as needed.
  • Created manual proforma invoices for passive shipper return when required.
  • Review destruction requests for accuracy and prepare destruction lists to send for financial approval.
  • Track all destruction orders to ensure process is followed and all supportive documentation is received and filed according to the SOPs.
  • Approve destruction invoices.
  • Analyze, review, log, request credits, process and approve all 3PL invoices.
  • Drive the short dated/excess inventory review process to mitigate any risk on obsolescence and/or collaborate with finance to create reserves.
Skills: Qualifications
  • Bachelor’s degree in quantitative/analytical related discipline (Engineering, Supply Chain, Logistics, Business, Economics or Information Systems)
  • Knowledge of SAP
  • Cycle count experience
  • Strong cross functional collaboration with supply chain users is essential
  • Excellent written and oral English communication skills are required
  • Excellent helicopter view and deep dive analytical skills are required
  • Minimum 3-5+ years’ experience in Supply Chain with Inventory Management, Logistics and Warehousing someone with a lot of SAP S4 experience related to inventory, inventory reconciliation, and IDOCs.
  • $36-$45/hr
  • Healthcare Insurance: Synectics offers eligible employees and their dependents healthcare coverage through BlueCross BlueShield of Illinois. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics. Premiums are subsidized by Synectics.
  • Dental Insurance: Synectics offers eligible employees and their dependents a dental plan through MetLife. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics.
  • Vision Insurance: Synectics offers eligible employees vision insurance through VSP. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics.
  • 401(k) Plan: The Synectics Inc. Investment Savings Retirement Plan. Synectics offers all employees who are 21 years of age or older the opportunity to invest in the 401(k) Plan on the first enrollment date that is at least 30 days after employment begins. Enrollment dates are each January 1st, April 1st, July 1st, and October 1st.
  • Technical Certification Bonus: Synectics is pleased to award its employees a bonus of up to $500 for an approved professional certification. In determining the bonus amount, Synectics will consider the cost of the test(s) for any certification relating to your current position, achieved during your employment with us. Only one Certification Bonus per calendar year may be awarded per employee. Only current, active employees will be eligible to receive this bonus. It will be awarded 90 days after the Synectics office has received documentation confirming the successful completion of the certification.

Synectics is an equal opportunity employer.

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