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Procurement Inventory Analyst Jobs in Washington

Kastle Systems

Procurement Specialist

Sterling, VA

Processes Analyze, manage, and implement actions relating to material requirements that ensure an ... Monitor inventory levels to determine if the material on hand is sufficient to support the ...

Luminis Health

Procurement Specialist

Annapolis, MD · On-site

Monitors special requests for items that may already be in inventory or GPO/contracted or preferred ... Working closely with the Manager of Clinical Value Analysis and end-user departments finds ...

Luminis Health

Procurement Specialist

Annapolis, MD · On-site

Monitors special requests for items that may already be in inventory or GPO/contracted or preferred ... Working closely with the Manager of Clinical Value Analysis and end-user departments finds ...

i2G Systems

Procurement Specialist

Sterling, VA · On-site

Processes Analyze, manage, and implement actions relating to material requirements that ensure an ... Monitor inventory levels to determine if the material on hand is sufficient to support the ...

Axon

Senior D365 F&O Solutions Analyst

Sterling, VA · On-site

Own and optimize D365 F&O modules spanning Supply Chain Management (procurement, inventory ... Strong analytical and problem-solving skills - able to diagnose process gaps, design elegant ...

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Procurement Inventory Analyst information

What is a procurement inventory analyst?

A Procurement Inventory Analyst is a professional responsible for managing and analyzing a company's inventory and procurement processes. They ensure that inventory levels are optimized to meet demand while minimizing costs and excess stock. Their duties include monitoring inventory trends, coordinating with suppliers, analyzing purchase orders, and recommending improvements to procurement strategies. This role is essential for maintaining smooth operations and supporting the financial goals of an organization.

What are the key skills and qualifications needed to thrive as a procurement inventory analyst?

To thrive as a Procurement Inventory Analyst, you need strong analytical skills, proficiency in inventory management, and a relevant degree in supply chain, business, or a related field. Familiarity with ERP systems like SAP or Oracle, advanced Excel skills, and knowledge of procurement processes are typically required. Attention to detail, problem-solving abilities, and effective communication are key soft skills that set top candidates apart. These competencies ensure efficient inventory control, cost-effective procurement, and seamless coordination between departments for optimal operational performance.

How does a procurement inventory analyst typically collaborate with other departments to ensure optimal stock levels?

A Procurement Inventory Analyst regularly works with departments such as purchasing, logistics, and operations to monitor inventory levels and anticipate demand. By analyzing usage patterns and coordinating with stakeholders, they help prevent both overstock and shortages. Effective communication with these teams ensures that procurement orders align with production schedules and sales forecasts, supporting smooth business operations. This collaborative approach is essential for maintaining cost efficiency and meeting organizational goals.

What is the difference between Procurement Inventory Analyst vs Purchasing Coordinator?

AspectProcurement Inventory AnalystPurchasing Coordinator
ResponsibilitiesAnalyzes inventory levels, forecasts needs, manages stock accuracyProcesses purchase orders, coordinates supplier orders, tracks deliveries
Required SkillsData analysis, inventory management, ERP systemsVendor communication, order processing, administrative skills
CertificationsSupply Chain certifications often preferredProcurement or purchasing certifications beneficial
Work EnvironmentOffice-based, supply chain departmentsOffice-based, procurement teams

While both roles support supply chain operations, the Procurement Inventory Analyst focuses on analyzing and managing inventory levels, whereas the Purchasing Coordinator handles order processing and supplier coordination. Understanding these differences helps in choosing the right career path or job focus within procurement and supply chain management.

Is procurement inventory analyst a hard job?

A procurement inventory analyst role involves managing inventory levels, analyzing supply chain data, and coordinating with vendors, which requires attention to detail and analytical skills. The job can be demanding during busy periods or when resolving supply issues but generally involves standard office hours and the use of inventory management software.
Procurement Inventory Analyst jobs near you

Procurement Specialist

Hyattsville, MD • On-site

Maryland & Virginia Milk Producers Cooperative
Dairy Manufacturing • 501 - 1,000 employees
Learn more about Maryland & Virginia Milk Producers Cooperativeexternal

$65K - $80K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted yesterday

Key responsibilities

  • Source and evaluate suppliers/vendors based on price, quality, and delivery speed.

  • Review contracts with the Senior Procurement Manager and provide feedback on the changes needed.

  • Collaborate with internal stakeholders to understand their procurement needs and requirements.

Job description

Why you will love working at Maola®:
  • Built on over a century of dedication, Maola is always looking ahead-investing in our people, strengthening our communities, and securing fresh, local dairy for the future.
  • Join a farmer-owned cooperative rooted in integrity, sustainability, and a passion for providing fresh, high-quality Maola dairy products.
  • We prioritize your well-being with competitive pay and a comprehensive benefits package, including Medical, Dental, Vision, 401(k) with employer match, Life Insurance, paid time off, and more-available within your first month.
  • Our employees are an integral part of who we are - what you do and what you think matters

Starting Salary Range: $65,000 - 80,000
SUMMARY
As a Procurement Specialist, you will be responsible for sourcing, purchasing, and procuring goods and services essential for the operations of the organization. You will collaborate with various departments to understand their needs, identify suitable suppliers, review contracts, and ensure timely delivery of products and services while maintaining cost-efficiency and quality standards. Your role requires meticulous attention to detail, strong negotiation skills, and the ability to build and maintain relationships with vendors and suppliers.
ESSENTIAL DUTIES AND RESPONSIBILITIES
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • Source and evaluate suppliers/vendors based on price, quality, and delivery speed.
  • Review contracts with the Senior Procurement Manager and provide feedback on the changes needed.
  • Collaborate with internal stakeholders to understand their procurement needs and requirements.
  • Analyze market trends, supply base, and industry best practices to identify opportunities for cost reduction and process improvement.
  • Maintain accurate records of purchases, pricing, and inventory on hand.
  • Compile monthly inventory counts, enter data into a spreadsheet for reconciliation and ensure accuracy of data and documentation.
  • Ensure compliance with company policies, procedures, and regulatory requirements throughout the procurement process.
  • Monitor supplier performance and address any issues or concerns related to quality, delivery, or pricing.
  • Manage relationships with key suppliers, foster long-term partnerships and resolve disputes when necessary.
  • Coordinate with receiving and inventory teams to ensure timely receipt and inspection of purchased goods.
  • Provide feedback and updates as needed on procurement activities, including cost savings initiatives and supplier performance.
  • Stay informed about market changes, new products, and emerging trends in procurement and supply chain management.
  • Participate in cross-functional teams and projects to support organizational goals and initiatives.
  • Utilize various analytical, creative or problem-solving techniques to support organizational goals, initiatives or supplier relationships.
  • Manage multiple priorities in a dynamic environment.
  • Other duties as assigned.

BASIC REQUIREMENTS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • At least Bachelor's degree in Business or related field and at least 2 years of related experience OR 6 years of purchasing experience required.
  • At least 2 years of experience with relevant laws, regulations, and ethical standards related to procurement and supply chain management preferred.
  • At least 2 years of experience with Microsoft office (Excel, PowerPoint, Word) and an ERP system. SAP experience is preferred.
  • At least 2 years of experience with procurement processes, contract management, and supplier relationship management.

COMPETENCIES
  • Communication
    • Communicate clearly and effectively through multiple channels - oral, written, visual, and non-verbal - ensuring our messages are understood and delivered appropriately, whether in-person or digitally.
  • Accountability
    • Take responsibility for actions and anticipate challenges before they arise.
    • Solve problems both within and outside of departments, proactively addressing issues as they occur.
  • Customer Focused
    • Prioritize understanding and meeting both internal and external customer needs.
    • Ensure high levels of satisfaction and loyalty by anticipating customer requirements and striving for exceptional service.
  • Initiative
    • Proactive in identifying opportunities and addressing potential threats.
    • Act independently and decisively, rather than waiting for situations to demand action.
  • Problem-Solving
    • Possess the ability to identify and address complex issues with minimal guidance.
    • Skilled at analyzing challenges and finding practical, effective solutions.
  • Collaboration
    • Take responsibility for deliverables while also supporting others to ensure that collective goals are met.
    • Able to work harmoniously with others toward a common goal, recognizing and valuing each person's contributions, is fundamental to successful collaboration.

PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; reach with hands and arms; and talk and hear. The employee is frequently required to stand and walk. Specific vision abilities required by this job include close vision for computer work and ability to adjust focus. The employee may occasionally lift and/or move up to 10 pounds.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • The individual would encounter normal office environmental conditions.
  • The noise level for the work environment would be considered in the moderate range (example: computers, printers, light traffic).

Maola Local Dairies® is a farmer-owned cooperative sustainably producing a full suite of nutritious dairy products. Maola processes milk, cream, butter, and dry milk powders through our network of six dairy processing plants. With a keen eye on quality, freshness, and love for the environment, Maola delivers dairy products that are both nutritious and sustainable to our local communities. For more information about Maola, please visit www.maolamilk.com
All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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