Inventory Analyst

Xediton Pharmaceuticals Inc; Oakville; On-site; CAD 60,000 - 100,000; Full time

Job summary

An innovative specialty pharmaceutical company is seeking an Inventory Analyst to enhance their supply chain efficiency. This role is crucial for maintaining optimal inventory levels, conducting data analysis, and collaborating with various teams to ensure timely delivery and accurate stock management. The ideal candidate will have a strong background in inventory management, advanced Excel skills, and experience with ERP systems. Join a dynamic team where your contributions will directly impact the company's growth and operational success, providing a unique opportunity to thrive in a supportive environment.

Qualifications

• 5+ years of inventory management experience required.
• Proficient in Excel and ERP systems for effective inventory control.

Responsibilities

• Manage supply chain processes and monitor inventory levels.
• Conduct inventory forecasting and reconcile discrepancies.
• Generate reports on inventory statuses and KPIs.

Skills

Inventory Management

Data Analysis

Excel Skills

ERP Systems

Communication Skills

Interpersonal Skills

Organizational Skills

Problem-Solving Skills

Education

University Degree in Business

Tools

SAP Business One

Job description

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Xediton is a specialty pharmaceutical company focused on meeting the needs of patients, physicians, and partners. We are located in Oakville, Ontario.

Inventory Analyst

The Inventory Analyst is responsible for monitoring and managing inventory levels to ensure optimal stock availability and accuracy. This role involves data analysis and forecasting to prevent stockouts or overstock situations, improve inventory turnover, and support operational efficiency. The Inventory Analyst collaborates closely with procurement, warehouse, and sales teams. The role covers all supply chain activities.

Job Description & Key Responsibilities:

1. Manage the supply chain process and inventory levels.
2. Track inventory from manufacturing through transit to delivery, ensuring timely replenishment.
3. Reconcile inventory across locations and identify discrepancies.
4. Conduct physical counts; investigate, determine root causes, and resolve discrepancies.
5. Manage inventory forecasting and participate in the S&OP process by creating inventory plans based on sales forecasts, historical data, and market trends.
6. Monitor stock levels and adjust safety stock parameters as needed.
7. Coordinate with warehouse and 3PL to ensure timely order delivery.
8. Align supply chain activities with production schedules.
9. Record received products in inventory systems.
10. Prepare Excel models considering inventory on hand, demand, and replenishments.
11. Generate inventory reports showing counts, orders, statuses, discrepancies, and KPIs like stock accuracy, inventory days, and order fulfillment rates.
12. Recommend process improvements to optimize inventory control and reduce costs.
13. Maintain inventory databases and systems.
14. Create purchase orders as needed.
15. Perform Min/Max analysis and right-sizing to ensure optimal inventory levels.

Skills & Qualifications:

• At least 5 years of inventory management experience.
• University degree in Business or related field.
• Proficient in computer skills; intermediate or advanced Excel skills.
• Experience with inventory or ERP systems (e.g., SAP Business One).
• Excellent written and oral communication skills.
• Understanding of inventory systems.
• Strong interpersonal skills and team orientation.

Other desired qualities include superior organizational skills, ability to prioritize and handle multiple tasks under pressure, high accuracy and attention to detail, analytical and problem-solving skills, integrity, and a proactive approach to business improvement.

If this opportunity interests you and you are looking to work in a small company with growth potential, we would like to hear from you.

To apply, please submit your application via LinkedIn or email your resume to [e-mail].

While we appreciate all applications, only selected candidates will be contacted for an interview.