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Inventory Analyst

About Signode:With over $2B in revenue, 80+ manufacturing facilities across 6 continents and over 9,000 employees worldwide, Signode is a leading manufacturer of a broad spectrum of transit packaging consumables, tools, software, and equipment that optimize end-of-line packaging operations and protect products in transit. Signode brings this extensive product portfolio together under hundreds of trusted brands to offer complete transit packaging solutions to its customers.We produce strap, stretch and protective packaging. We also manufacture packaging tools and equipment used to apply the bulk packaging materials. These commercial packaging products are used to pack, bundle, unitize, protect, and secure goods during warehousing and transit. Our company is a pioneer in the industrial packaging sector with a long history of customer-focused innovations in materials, processes and automation technology that have revolutionized the sector.Headquartered in Tampa, Florida, we are proud to be the Transit Packaging Division of Crown Holdings, Inc. We are excited to go to market as Signode and to share the portfolio of products, services and capabilities that make us the world’s premier end-of-line packaging company.Benefits:Signode offers a comprehensive benefits package to full-time employees, which includes health, dental, vision, 401k, paid time off, life insurance, wellness perks, and more. Benefits begin the month following the hire date.Summary:As an Inventory Analyst, you will be responsible for overseeing all aspects of inventory management, ensuring accuracy, efficiency, and optimization of inventory levels. You will analyze inventory data, forecast demand, monitor stock levels, and implement strategies to minimize stockouts and overstock situations. Additionally, you will collaborate with various teams to develop and implement inventory control procedures and recommend process improvements to enhance overall operational efficiency.Essential Functions:• Conduct regular cycle counts of inventory and investigate discrepancies to ensure data accuracy.• Collaborate with cross-functional teams to develop and implement inventory control procedures and best practices.• Report manufacturing production in ERP system, troubleshooting any discrepancies• Monitor inventory turnover rates and develop strategies to optimize• Implement strategies to manage and reduce excess inventory levels• Collaborate with Purchasing team to identify and minimize stockouts.• Coordinate with purchasing and logistics teams to ensure timely replenishment of stock and efficient inventory flow.• Conduct regular analysis of inventory levels and trends to identify opportunities for optimization.• Develop and maintain inventory forecasting models to predict demand and facilitate accurate inventory planning.• Generate reports and provide insights to management on inventory performance and trends.• Identify opportunities for cost savings and process improvements in inventory management.• Stay updated on industry trends and best practices in inventory management and recommend relevant changes to policies and procedures.Position Qualifications:Education:Bachelor's degree in business administration, supply chain management, or related field.Experience:• Proven experience in inventory management or related field in a manufacturing environment.• APICS – CPIM certification a plusFunctional Success Drivers: These competencies are what we require for an individual to be successful in this role.• Detail-oriented with strong organizational skills.• Strong analytical skills with the ability to interpret complex data and make data-driven decisions.• Experience with inventory management software (ERP/MRP) and Microsoft Excel.• Excellent communication and interpersonal skills.• Ability to work independently and collaborate effectively in a team environment.• Knowledge of supply chain principles and inventory control best practices.Reasonable Accommodation StatementTo perform this job successfully, the individual must be able to perform each essential duty satisfactorily. Reasonable Accommodations may be made to enable qualified individuals with disabilities.The Company has reviewed this job description to ensure that essential functions and basic duties have been included. It is intended to provide guidelines for job expectations and the employee's ability to perform the position described. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate. This document does not represent a contract of employment, and the Company reserves the right to change this job description and/or assign tasks for the employee to perform, as the Company may deem appropriate.Signode Industrial Group, LLC is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status.
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What You Should Know About Inventory Analyst, Signode

If you're looking to make a difference in inventory management, then the Inventory Analyst position at Signode in Roselle, IL, is your opportunity to shine! Signode is not only a leader in the industrial packaging sector but also a company that prioritizes innovative practices and customer-focused solutions. Joining our team means being part of an organization that thrives on operational excellence and continuous improvement. In this role, you will oversee all aspects of inventory management, ensuring we maintain optimal inventory levels while preventing stockouts and overstock situations. Your responsibilities will include analyzing inventory data, forecasting demand, and collaborating with cross-functional teams to implement best practices in inventory control. You’ll be the go-to person for conducting regular cycle counts, investigating discrepancies, and maintaining accurate records in our ERP system. Plus, with every report you generate and every insight you provide to management, you'll be directly impacting our efficiency and cost savings strategies. With your detail-oriented mindset and strong analytical skills, you’ll help keep Signode at the forefront of the packaging industry. Expect to enjoy a comprehensive benefits package, including health, dental, vision, and a 401k, starting the month after you join us. Come be a part of our mission at Signode and contribute to our legacy of dynamic, customer-focused innovations!

Frequently Asked Questions (FAQs) for Inventory Analyst Role at Signode
What are the main responsibilities of an Inventory Analyst at Signode?

As an Inventory Analyst at Signode, your main responsibilities will include overseeing inventory management processes, conducting regular cycle counts, analyzing inventory data, and forecasting demand to optimize stock levels. You'll collaborate with cross-functional teams to implement inventory control procedures and strategies to minimize stockouts and overstock situations, ensuring our operations run smoothly.

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What qualifications do you need to become an Inventory Analyst at Signode?

To become an Inventory Analyst at Signode, candidates typically need a Bachelor's degree in business administration, supply chain management, or a related field. Additionally, having proven experience in inventory management within a manufacturing environment is essential. An APICS – CPIM certification is a plus and showcases your commitment to supply chain excellence.

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How does Signode measure inventory performance for the Inventory Analyst role?

Signode measures inventory performance for the Inventory Analyst role through various metrics such as inventory turnover rates, accuracy in cycle counts, and the effectiveness of forecasting models. You will generate detailed reports to provide insights on inventory trends and performance, helping to identify areas for cost savings and improvements.

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What software tools do Inventory Analysts at Signode use?

Inventory Analysts at Signode utilize inventory management software, specifically ERP/MRP systems. Proficiency in Microsoft Excel is also crucial as it helps in analyzing complex data, generating reports, and tracking inventory levels effectively, ensuring informed decision-making.

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What skills are important for an Inventory Analyst at Signode?

Important skills for an Inventory Analyst at Signode include strong analytical abilities, attention to detail, excellent communication and interpersonal skills, and a solid understanding of supply chain principles and inventory control best practices. Being able to work independently while collaborating effectively with team members is also vital for success.

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Common Interview Questions for Inventory Analyst
Can you describe your experience with inventory management principles?

When answering this question, focus on your specific experiences related to inventory management, emphasizing any relevant roles or projects. Discuss the methods you've utilized to monitor and optimize inventory levels, as well as your familiarity with cycle counts and ERP systems.

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How do you handle discrepancies in inventory counts?

A strong approach to this question involves sharing a systematic method for resolving discrepancies. Explain your process for conducting thorough investigations and how you communicate findings with relevant departments. This demonstrates your commitment to accuracy and problem-solving.

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What strategies do you use for forecasting inventory demand?

Discuss your experience with developing forecasting models and the data sources you rely on. Highlight your analytical skills and how you adjust your forecasts based on sales trends, seasonality, or other market factors. Providing examples of successful forecasts can strengthen your response.

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Can you provide an example of how you improved inventory management in a previous role?

In your response, share a specific situation where you identified a gap or inefficiency in inventory management processes. Describe the steps you took to implement a solution, the results achieved, and how it positively impacted the organization.

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What software tools are you familiar with in inventory management?

Mention any inventory management software or ERP systems you've used, showing your familiarity with the technology. Explain how you've utilized these tools to improve data accuracy and reporting for inventory levels.

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How do you stay updated on the latest inventory management trends?

Describe how you leverage resources such as industry publications, webinars, or professional groups to keep your knowledge current. Highlight any professional development opportunities you've pursued to enhance your skills in inventory management.

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Describe a time when you had to collaborate with other teams to resolve inventory issues.

Share a specific instance that illustrates your ability to work effectively with cross-functional teams. Emphasize your communication skills, ability to listen to different perspectives, and how you contributed to a successful resolution.

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What metrics do you think are most important to track in inventory management?

Provide an overview of key metrics, such as inventory turnover rates, stockout rates, and accuracy of inventory counts. Explain why each metric is important and how tracking them supports decision-making and operational success.

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How do you approach training team members on inventory management best practices?

Discuss your approach to training, highlighting your communication and teaching skills. Mention how you would develop training materials, utilize hands-on practice, or mentorship to ensure team members understand best practices in inventory management.

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What would you do if you noticed an excess of inventory building up?

Explain your strategy for addressing excess inventory, which may include analyzing trends to understand the cause, collaborating with purchasing and sales teams to implement promotions, or adjusting procurement strategies. Highlight your proactive approach to inventory optimization.

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Full-time, on-site
DATE POSTED
December 3, 2024

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