Inventory Jobs in Wayne, NJ

The Inventory Analyst will be responsible for monitoring and optimizing inventory levelsto ensure efficient supply chain operations. This role involves analyzing inventory data, forecasting demand, implementing inventory control measures, and collaborating withcross-functional teams to improve inventory management processes.

The Inventory Analyst will work with management to communicate ongoing projects and continuouslyreview demand/inventory planning goals along with working to achieve KPI targetgoals. Essential functions • Maintain and forecast optimal stock levels in all warehouses. • Work closely with Purchasing and Procurement to decide on forecastadjustments and re-order points.

• Analyze inventory levels across multiple locations and product categoriesto identify trends, patterns, and potential issues. • Review service technician’s trunk stocks to ensure proper inventory isbeing optimized.

• Utilize statistical analysis and forecasting techniques to accurately predictfuture demand and optimize inventory replenishment. • Set and maintain replenishment parameters for all locations. • Collaborate with purchasing, production, and service teams to developeffective inventory strategies that align with business objectives. • Review weekly cycle counts and perform root cause analysis for anydiscrepancies. • Monitor inventory turnover rates, identify slow-moving or obsolete

items, and propose strategies for mitigating excess inventory. • Monitor expiring products and work with purchasing and sales teams tomitigate current and future write-offs.

• Work closely with cross-functional teams, including sales, operations, andfinance, to gather data and insights for consensus inventory plan used incompanywide S&OP process. • Generate and maintain inventory reports, including stock levels, days onhand, inventory turns, expiring products, sales forecasts, key performanceindicators (KPIs), and provide regular updates to management. • Recommend and implement improvements to inventory managementprocesses, including inventory control policies, replenishment policies, andforecasting process.

Competencies • Strong organizational skills are a must along with attention to detail and excellent time management skills. • Strong analytical and problem-solving skills, with the ability to interpret complex data and generate actionable insights. • Must be proficient with Microsoft Office Suite• Ability to work in a fast-paced environment and adapt to changing priorities. • Ability to build relationships and collaborate both internally and externally and manage those relationships. • Work well as part of a team as well as independently with minimal oversight and handle ambiguous situations/tasks.

• Creative thinker, able to think outside the box. • Proficiency in ERP systems, inventory management software and intermediate Excel functions. • Solid understanding of supply chain principles, including forecasting, demand planning, and inventory control. • Continuous learning mindset to stay updated on industry trends and advancements in inventory management practices. Avantik is an integrated medical products and services company delivering superior quality instruments, reagents, consumables, and service to the anatomic pathology market consisting of hospital, reference, and physician office laboratories in the US.

The company is headquartered in Montville Township, NJ. Avantik’s experienced team and consultative partner approach integrates consumables, service, equipment, and education so that labs focus on what matters most - having everything under control in their laboratory to deliver fast and accurate diagnoses. Avantik offers a full line of consumables and reagents for the histology lab sourced and private label Avantik branded and by distribution of other brands. Avantik has serviced all brands of OEM histology lab equipment for over 40 years and offers best-in-class responsiveness and an industry leading 97% first time fix-rate.

Avantik offers a team orientated, customer service focused environment with competitive compensation, bonus programs, medical (company covers 80% of the cost), dental and vision insurance, 401K (with a match) and more. Learn more at www. avantik- Avantik is an Equal Opportunity Employer.