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“Inventory Analyst” will not be replaced by robots.

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Job Description

Design, develop, test, and evaluate integrated systems for managing industrial production processes, including human work factors, quality control, inventory control, logistics and material flow, cost analysis, and production coordination.

Job Details

The SOC (Standard Occupational Classification) code is 17-2112.00
The Mean Annual Wage in the U.S. is $ 88,530.00
The Mean Hourly Wage is $ 42.00
Currently, there are 256,550 people on this job

☝️ Information based on the reference occupation “Industrial Engineers”.

Also Known As…

Tasks for “Inventory Analyst”

Direct workers engaged in product measurement, inspection, and testing activities to ensure quality control and reliability.
Communicate with management and user personnel to develop production and design standards.
Coordinate and implement quality control objectives, activities, or procedures to resolve production problems, maximize product reliability, or minimize costs.
Estimate production costs, cost saving methods, and the effects of product design changes on expenditures for management review, action, and control.
Review production schedules, engineering specifications, orders, and related information to obtain knowledge of manufacturing methods, procedures, and activities.
Confer with clients, vendors, staff, and management personnel regarding purchases, product and production specifications, manufacturing capabilities, or project status.
Record or oversee recording of information to ensure currency of engineering drawings and documentation of production problems.
Analyze statistical data and product specifications to determine standards and establish quality and reliability objectives of finished product.
Implement methods and procedures for disposition of discrepant material and defective or damaged parts, and assess cost and responsibility.
Study operations sequence, material flow, functional statements, organization charts, and project information to determine worker functions and responsibilities.
Complete production reports, purchase orders, and material, tool, and equipment lists.
Draft and design layout of equipment, materials, and workspace to illustrate maximum efficiency using drafting tools and computer.
Apply statistical methods and perform mathematical calculations to determine manufacturing processes, staff requirements, and production standards.
Schedule deliveries based on production forecasts, material substitutions, storage and handling facilities, and maintenance requirements.
Develop manufacturing methods, labor utilization standards, and cost analysis systems to promote efficient staff and facility utilization.
Regulate and alter workflow schedules according to established manufacturing sequences and lead times to expedite production operations.
Formulate sampling procedures and designs and develop forms and instructions for recording, evaluating, and reporting quality and reliability data.
Plan and establish sequence of operations to fabricate and assemble parts or products and to promote efficient utilization.
Evaluate precision and accuracy of production and testing equipment and engineering drawings to formulate corrective action plan.
Recommend methods for improving utilization of personnel, material, and utilities.

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