ROLE SUMMARY: The Demand and Inventory Analyst develops, integrates and manages supply and demand alignment on a short and medium term horizon. Additional responsibilities include developing plans to ensure optimum inventory levels for Loram's lease fleet, Manufacturing Production Schedule and Customer requirements for machines that have been sold by the Company; and implementing and monitoring procedures to ensure that the proper inventory is in all warehouse locations. These duties are performed under oversight of a supervisor. FUNCTIONAL COMPETENCIES : Inventory Planning and Operational Excellence Identify gaps between available supply and allocation, resolve intra-business unit customer priorities and develop new reporting processes and tools to achieve efficient completion of these tasks.
Manage the implementation, communication and coordination of forecasts and availability, related to service level inventories, new product introductions and phase-outs. In conjunction with the Operations, Supply Chain, and Inventory Control, establish inventory stocking levels and deployment strategies for each product line. Inventory Management Develop and summarize demand forecasts of anticipated demand, using historical data, sales trends, and customer projections to maintain optimum inventory levels utilizing safety stocks, blanket orders and economic order quantities, to meet Loram's lease fleet, manufacturing and customer requirements. Direct and maintain fleet inventory system and tracking of shop build returns.
Perform thorough research and document inventory discrepancies using all available resources to identify root causes and supply possible solutions. Process and Metrics Management Develop control systems to prevent regeneration of material obsolescence, and provide the most cost effective method of disposing of known obsolete materials. Regularly monitor inventory control workflow and the execution of assigned processes. Develop strategies, analyses, inventory management processes and train team members that enable focus on improving the inventory turns metrics.
Financial Management Maintain inventory accuracy. Create monthly inventory control reports and complete action items to meet department goals. Report, analyze, and drive reduction of excess and obsolete inventory. Internal Customer Requirements Participate on cross functional project team meetings and maintain Loram functional area relationships to manage appropriate inventory levels.
Review and act upon Engineering Change Notices by working with engineering and production to determine new specifications. Lead cross-functional teams to continuously improve processes. POSITION IMPACT: Through analyzing supply and demand gaps, providing recommendations and driving actions until the gaps are closed, including ensuring accurate inventory levels are maintained at the required inventory locations this position impacts: on-time delivery of equipment, equipment uptime performance, contributes to cost control activities, and overall internal and external customer satisfaction. The Demand and Inventory Analyst will also execute the global inventory deployment strategy in coordination with the Strategic Sourcing and Operations departments.
BEHAVIOR COMPETENCIES: Values Based: Recognized by others to as living and teaching the Loram values, and appropriately responds when others behave in opposition to the values. Customer Focus: Is dedicated to meeting the expectations and requirements of internal and external customers; gets first-hand customer information and uses it for improvements in products and services; acts with customers in mind; establishes and maintains effective relationships with customers and gains their trust and respect. Problem Solving: Uses rigorous logic and methods to solve difficult problems with effective solutions; probes all fruitful sources for answers; can see hidden problems; is excellent at honest analysis; looks beyond the obvious and doesn’t stop at the first answers. Action Oriented: Taking prompt action to accomplish objectives; taking action to achieve goals beyond what is required; being proactive.
Enjoys working hard; is full of energy for the things he/she sees as challenging; not fearful of acting with a minimum of planning. Planning and Organizing: Establishing courses of action for self and others to ensure that work is completed efficiently. Mobilizing available internal and external resources to achieve organizational goals; proactively negotiating for and accessing resources outside one's immediate domain when necessary. Managing Through Systems: Can design practices, processes, and procedures which allow managing from a distance; is comfortable letting things manage themselves without intervening; can make things work through others without being there; can impact people and results remotely.
QUALIFICATIONS: Education: Degree Required Preferred Major /Course of Study HS Diploma/Equivalent X Associate Degree (2 yr) X Bachelors Degree (4 yr) X Bachelor of Arts and/or Bachelor of Science Advanced Degree Experience: Months/Years Describe 5 – 7 years Business experience and/or training 3 – 5 years Demand and Inventory Analysis/Inventory Management experience *Or equivalent combination of education and experience. Special licenses, other education, certification or professional memberships: Certification Describe Railroad (Preferred) Maintain railroad safety training and certifications. Required Basic PC skills in Microsoft Word and Excel. WORKING CONDITIONS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the role.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Ability to apply high levels of cognitive, analytical, retention and reasoning. Excellent communication skills used within any social context. Can stand, sit, walk, reach, balance, stoop, kneel, hear, taste and smell.
Can see up close, distances, colors and has use of peripheral vision and depth perception. Can tolerate variable and sometimes extreme physical conditions during visits or inspections of company equipment in a railroad environment