Sr. Inventory Analyst Job Description

The Inventory Control Analyst Position Description

The inventory control analyst is responsible for the processing, monitoring, and analyzing, and giving accurate reporting of an organization's inventory level with a focus on minimizing costs, while maintaining product availability at the right amount and supply needed. They are responsible for resolving errors on inventory transactions, maintaining system accuracy for all inventory, and managing adjustments and scraps according to guidelines established by the finance unit. The inventory control analyst work description involves collaborating with other departments and directing cross functional meeting with production planners, material planners, and material handler to thoroughly examine processes that negatively impact inventory management. If you publish a detailed description of the available position, you can find the best candidates for the job.

Explicit Compensation for Inventory Analysts

Employers usually require inventory analysts to have a bachelor's degree in finance, accounting or a related field. Some employers will accept a high school diploma or GED in lieu of a formal degree. Most inventory analysts get paid training.

The training period can last for several weeks and inventory analysts become familiar with daily operations. The Bureau of Labor Statistics shows that inventory analysts earned a median salary of $74,590 in the year of 2017, which equates to $35.86 per hour. Logisticians and inventory analysts are similar to each other in that they focus on items in a company's inventory.

Senior Business Analysts: A Resource for Business Process Consulting

Senior business analysts take on high-profile projects. The responsibilities are greater because of the nature of the projects, which is why you will likely find yourself using the same skills. The second aspect of becoming a senior-level business analyst is strategic analysis activities.

Strategic analysis included in most BA roles. If you ask why or define the business need, you are doing a strategic analysis. A senior business analyst is often the lead on projects of large scope that require the help of multiple business analysts.

A lead will coordinate and oversee the work of other BAs as it relates to a specific project, in addition to performing many business analyst activities. Mentoring the junior and mid-level business analysts is part of leading multiple business analysts. As a senior-level BA, you will be viewed as an expert on the process and best practices for conducting requirements practices in your organization.

An internal business analyst consultant can help with technology or process consulting. Mark Jenkins was the BA Manager at Websense. Each BA has a certain amount of time dedicated to helping a group of business stakeholders.