Inventory Analyst

Brief Description

Job Purpose & Summary

Meyer Lab is looking for a detail oriented and driven Inventory Analyst. The Inventory Analyst plays a critical role in managing and optimizing inventory levels in a chemical manufacturing environment. This position is responsible for analyzing inventory data for Meyer HQ, its subsidiaries and field warehouses. They will partner closely with sales to forecast demand and ensure that materials are available to support production schedules while minimizing excess stock. The Inventory Analyst will collaborate closely with various departments, including procurement, scheduling, production, and logistics, to enhance inventory accuracy and efficiency, ultimately contributing to the company’s profitability and operational success. This position reports directly to the Inventory Manager.

Inventory Management

Essential Duties & Responsibilities

• Monitor and analyze inventory levels, turnover rates, and stock discrepancies to ensure optimal inventory levels are maintained.
• Develop and implement inventory control procedures to improve accuracy and efficiency in tracking materials and products for Meyer HQ, its subsidiaries and field warehouses.
  
  

Demand Forecasting

• Collaborate with production and sales teams to forecast demand accurately, ensuring sufficient inventory is available to meet production schedules and customer requirements.
• Utilize historical data, market trends, and sales forecasts to refine inventory planning.
  
  

Data Analysis And Reporting

• Prepare and present regular reports on inventory performance, including key metrics such as inventory turnover, stockouts, and excess inventory.
• Utilize NetSuite ERP system and tools to analyze data and identify trends, providing actionable insights for decision-making.
  
  

Collaboration With Procurement

• Work closely with the procurement team to ensure timely ordering of materials and supplies based on inventory analysis and production needs.
• Assist in supplier evaluations and negotiations, focusing on optimizing lead times and costs.
  
  

Inventory Audits

• Conduct regular physical inventory counts and reconciliation processes to ensure inventory accuracy and compliance with company policies.
• Identify and resolve discrepancies between physical counts and inventory records.
  
  

Process Improvement

• Identify opportunities for process improvement and efficiency enhancements within inventory management practices.
• Participate in cross-functional teams to implement best practices and streamline inventory processes.
  
  

Education / Work Experience & Requirements

• Bachelor’s degree in supply chain management, Business Administration, Chemistry, or a related field preferred.
  
  

Work Experience

• A minimum of 2-4 years of experience in inventory management, supply chain, or logistics, preferably in a manufacturing or chemical industry setting.
• Familiarity with chemical inventory management practices and regulatory compliance is a plus.
  
  

Skills

• Strong analytical and problem-solving skills, with a keen eye for detail.
• Proficient in inventory management software and ERP systems (e.g. NetSuite); advanced Excel skills are essential.
• Excellent communication skills, both verbal and written, with the ability to collaborate effectively across departments.
• Knowledge of safety regulations and best practices in chemical handling and storage.
  
  

Travel & Physical Requirements

• No travel is required for this position.
• Ability to perform desk and computer work as required.
• Must be able to lift up to 25 lbs when necessary.
• Must be located within 30 miles of Kansas City
  
  

Compensation & Benefits

• Annual salary
• Competitive benefits package
• 401(k) with company match
• Fantastic company culture with a work hard, play hard mentality
  
  

Company Info

For over forty-seven years, Meyer Lab has continued to pour our profits into Research and Development to custom blend chemicals to meet customer’s unique needs! This innovative technology has fueled growth, and Meyer Lab is now one of the fastest growing industrial chemical manufactures in the nation. Meyer Lab is recognized among industrial, flexographic, food processing, transportation, and distribution center users as having value added, premium products and systems. To learn more about our company, team, and core values, visit our website at www.meyerlab.com.

Join our team, apply today!

Meyer Laboratory, LLC is an Equal Opportunity Employer. We consider applicants for all positions without regard to race, color, religion, creed, gender, national origin, age, disability, marital or veteran status, sexual orientation, or any other legally protected status.