Inventory Analyst

Job Function:

Accounting/Finance

Location:

US, IL, Bolingbrook

Inventory Analyst

The Inventory Analyst plays a critical role in managing and analyzing inventory data to ensure accuracy, optimize inventory levels, and support efficient manufacturing operations. This role involves overseeing daily cycle count processes, reviewing inventory transactions, and leveraging data insights to develop and implement effective inventory control strategies. The ideal candidate will collaborate with cross-functional teams to enhance inventory accuracy and operational efficiency.

As an Inventory Analyst you will:

• Provide Inventory Control and Cycle Count Management
• Administer and coordinate cycle count programs for production and warehouse facilities using JD Edwards ERP systems. Assigning daily work to cycle counters as well as cross functional collaboration with other teams.
• Analyze cycle count results, identify variances, investigate root causes, and suggest corrective actions to resolve discrepancies.
• Address on-site inventory issues by verifying counts and resolving discrepancies in production or warehouse environments.
• Reconcile inventory transactions for company-owned materials at third-party locations, ensuring systematic reconciliation with physical inventory.
• Data Analysis and Reporting
• Compile, analyze, and report on key inventory metrics, including inventory turnover, days-on-hand, slow-moving and obsolete inventory, and variance trends.
• Develop dashboards and reports to track inventory performance and support decision-making for inventory reduction initiatives.
• Monitor and address negative inventory balances, monthly purge items, and other inventory adjustments to ensure data accuracy.
• Audits and Reconciliation
• Conduct work order audits on the manufacturing floor, verifying that materials consumed physically match ERP system records.
• Collaborate with suppliers, AP, and purchasing to reconcile inventory issues, validate receipts, and ensure accurate invoicing.
• Process Improvement and Change Implementation
• Assist in designing and implementing process changes to enhance inventory control and accuracy.
• Actively participate in addressing process deviations, ensuring correct updates to work orders (WOs) and sales orders (SOs).
• Partner with cross-functional teams to streamline inventory-related workflows and align practices with business goals.
• Systems and Operational Support
• Utilize ERP/MRP systems to manage inventory data, track transactions, and ensure data integrity.
• Support the annual cycle count process audit in collaboration with finance.
• Lead Monthly cycle count meetings.
• Support monthly obsolete cross functional team meetings.
• Support any ad hoc physical inventory counts.
• Undertake additional tasks and responsibilities as required to meet the needs of the business.

We are looking for someone who:

• Holds a College degree in Engineering, Supply Chain, Business Administration, or a related field (or equivalent combination of education and experience). Bachelor’s degree is preferred.
• Has 3+ years of experience in an inventory-related role, preferably in a manufacturing setting.
• Is proficient in Microsoft Office, particularly advanced Excel skills (e.g., pivot tables, VLOOKUP, data analysis tools).
• Has strong interpersonal skills with the ability to interact effectively across departments.
• Has experience with ERP or MRP systems, with preference given to JD Edwards expertise.
• Possesses an analytical mindset with a focus on problem-solving and process improvement.
• Has experience in implementing process changes to enhance efficiency

What we offer you:

Typical pay is $56,000 – 70,000 annually.

Please note the pay information shown above is a general guideline. Pay is based upon candidate skills, experience, and qualifications.

This position is eligible for participation in our Quarterly Incentive Pay Program

G&W Electric offers a comprehensive benefits package that includes:

• Medical, Dental and Vision Insurance
• Short and Long-Term Disability
• Life Insurance
• Health club membership program and reimbursement
• Employee Assistance Program
• Tuition Reimbursement
• 401 (k)
• Annual Profit Sharing
• Vacation
• Air-conditioned/heated state-of-the-art manufacturing facility

About G&W Electric

Innovating since 1905, G&W Electric has grown into a global leader in engineered electrical power grid solutions. Working with us means joining a worldwide team of passionate manufacturing professionals striving to continually improve the technologies the world depends on to deliver safe, reliable electricity. Our culture is focused on employee success, so we foster an entrepreneurial environment that encourages everyone to thrive.

Learn more about our company by watching this video: https://www.youtube.com/watch?v=DMtAhsdYeUQ

G&W Electric enjoys a long reputation for product quality, innovation and world-class customer service to the power industry. We have established this reputation by believing that our greatest asset is our employees. We owe our success to the initiative and talents of highly skilled individuals within our team-based organization. Our goal is to set the standard for customer satisfaction by ensuring a superior level of service, performance and innovation. As a global organization and industry leader, we are committed to cultivating an engaging work environment that embraces our core values and develops our talent. Our continuous focus on growth and innovation means that you become part of a company that provides challenging opportunities, rewards excellence and combines your individual expertise to achieve a higher level of shared success. As part of our organization, you also help power the world!

G&W Electric is proud to be an Equal Opportunity Employer. All employees and applicants will receive consideration for employment without regard to age, color, disability, gender, national origin, race, religion, sexual orientation, gender identity, protected veteran status, or any other classification protected by federal, state, or local law. G&W Electric participates in the E-Verify process for all new hires.

*G&W Electric participates in the E-Verify process for all new hires.

VEVRAA Federal Contractor