Inventory planning analyst

Career Area:

Job Description:

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other.  We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

  Inventory Analyst Job Code: X526

Role Definition

Forecasts inventory of the facility for Annual Business planning / RBM cycles and ensures the plan is met. Arrives Inventory target and measures and reports at periodic interval on progress against the target.  Classifies inventory into various categories and arrives control methodologies to reduce and improve the inventory turns. 

Responsibilities

• Forecast inventory for the business planning cycles
• Perform A-B-C classification on inventory items and provide control methods for each category
• Coordinate with material planners for de-expedition of inventory based on volume cycles
• Work closely with business resources team to forecast excess and obsolete inventory and identify opportunities to liquidate followed by create provision for the risks
• Calculate safety stocks for the products based on availability offered to Customers, low runners and 2 bin materials
• Prepare weekly, bi-weekly, and monthly inventory reports for the review with management

Degree Requirement

Bachelors in Mechanical, Industrial Engineering Degree or equivalent experience desired

Skill Descriptors

• Excellent skills in Microsoft excel and power point.
• Working knowledge on visualization tools like Power BI / Tableau
• Ability to create macros for automation of simple spreadsheet routines.
• Data analysis and provide insights based on data

Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.

Level Extensive Experience:

• Evaluates and makes contributions to best practices.
• Processes copious quantities of detailed information with high levels of accuracy.
• Productively balances speed and accuracy.
• Implements a variety of cross-checking approaches and mechanisms.
• Demonstrates expertise in quality assurance tools, techniques, and standards.
• Employs techniques for motivating employees to meet or exceed accuracy goals.

Data Gathering and Reporting: Knowledge of tools, techniques, and processes for gathering and reporting data; ability to practice them in a particular department or division of a company.

Level Working Knowledge:

• Detects and summarizes patterns in data and findings by producing simple reports.
• Assesses common problems and obstacles surrounding data-gathering.
• Customizes data fields to meet clients' needs.
• Interprets and explains results of a data-gathering initiative.
• Participates in projects to gather data for needs analysis.

Inventory Management - MFG: Knowledge of processes and methods of inventory management; ability to effectively manage local or distributed inventories of raw materials, work-in-progress and finished goods.

Level Extensive Experience:

• Ensures that the inventory is at an appropriate level and meets both internal and external requirements.

• Devises standard inventory management benchmarks to improve the processes.

• Provides guidance on inventory management for a specific product group or location.

• Applies systems and processes to identify and coordinate inventory requirements; resolves conflicts.

• Coordinates daily work of inventory management for different locations within a facility or a supply network.

• Reviews reports used for inventory management to find out related problems.

Supply Chain Management - MFG: Knowledge of functions, principles and techniques used in supply chain management; ability to develop and use, strategies, practices and tools for controlling the logistical processes.

Level Working Knowledge:

• Discusses considerations for integrating partner and supplier transactions.

• Recognizes software systems or components used to manage supply chain.

• Summarizes supply chain considerations for different types of products or components.

• Participates in supply chain analysis and uses it to spot trends and improvement opportunities.

• Works with a specific part of supply chain management process.

This Job Description is intended as a general guide to the job duties for this position and is intended for the purpose of establishing the specific salary grade. It is not designed to contain or be interpreted as an exhaustive summary of all responsibilities, duties and effort required of employees assigned to this job. At the discretion of management, this description may be changed at any time to address the evolving needs of the organization. It is expressly not intended to be a comprehensive list of “essential job functions” as that term is defined by the Americans with Disabilities Act.

Posting Dates:

Caterpillar is an Equal Opportunity Employer (EEO).

Not ready to apply? Join our Talent Community .