Job ID: req4844
Job Category: Manufacturing & Supply Chain
Location: Hamel, MN, US
Job Title: Demand and Inventory Analyst II
FLSA Status: Exempt
Department: Inventory Control & Warehouse Operations
Reports to: Global Warehouse Manager
Flex Work Eligible! This position qualifies for the Flexible Work Policy. Employees receive 75 work days annually to work remote! The initial amount of days is prorated for the first year based on start date.
GENERAL DESCRIPTION / PURPOSE:
The Demand and Inventory Analyst II develops, integrates, and manages supply and demand alignment on a short- and medium-term horizon. Additional responsibilities include developing plans to ensure optimum inventory levels and implementing procedures to ensure that the proper inventory is in all warehouse locations.
ESSENTIAL JOB FUNCTIONS:
Operational Excellence
- Identify gaps between available supply and allocation, resolve intra-business unit customer priorities and develop new reporting processes and tools to achieve efficient completion of these tasks.
- Manage the implementation, communication and coordination of forecasts and availability, related to service level inventories, new product introductions and phase-outs.
- In conjunction with Operations, Supply Chain, and Inventory Control, establish inventory stocking levels and deployment strategies for each product line.
Functional and Technical Skills
- Develop and publish forecasts of anticipated demand, using historical data, sales trends, and customer projections to maintain optimum inventory levels utilizing safety stocks, blanket orders and economic order quantities, to meet business needs.
- Direct and maintain fleet inventory system, implement stocking strategies to reduce open work order volume.
- Perform thorough research and document inventory discrepancies using all available resources to identify root causes and supply possible solutions.
Compliance
- Develop control systems to prevent regeneration of material obsolescence.
- Report, analyze, and drive reduction of excess and obsolete inventory.
- Regularly monitor inventory control workflow and the execution of assigned processes.
- Create monthly inventory control reports and complete action items to meet department goals.
- Develop strategies, analyses, inventory management processes that enable focus on improving the inventory turns metrics.
- Maintain and report inventory accuracy.
Customer Support
- Participate on cross functional project team meetings and maintain Loram functional area relationships to manage appropriate inventory levels.
- Review and act upon Engineering Change Notices by working with engineering and production to determine new specifications.
- Support and direct cross-functional teams to continuously improve processes.
REQUIRED QUALIFICATIONS:
Education: Bachelor’s Degree in Business or related field.
Experience: 3+ Years Business experience and/or training. 4+ Years Demand and Inventory Analysis/Inventory Management experience.
Knowledge, Skills and Abilities:
- Advanced PC skills in Microsoft Word and Excel.
*Or 8+ years combination of education and experience in Demand and Inventory Analysis/Inventory Management.
PREFERRED QUALIFICATIONS:
Licenses/Certifications: Ability to obtain and maintain Railroad Certifications.
WORKING CONDITIONS:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Office deskwork, requiring sitting, walking, using phone & computer.
- May lift up to 30 lbs. occasionally.
- Can tolerate variable and sometimes challenging conditions during visits or inspections of company equipment in a railroad environment.
Benefits for this role include a comprehensive package with company-sponsored medical, dental, and vision insurance; Health Savings Account (HSA) and Flexible Spending Account (FSA) options; wellness programs; basic life and AD&D insurance; voluntary life insurance; company paid short-term and long-term disability coverage; 401(k) retirement plan including an employer match of 150% up to the first 6% you contribute to the Plan; Employee Assistance Program (EAP); behavioral health support; and leaves of absence. Additional benefits include tuition reimbursement, payroll charity contributions, adoption assistance and optional plans such as legal, critical illness, and hospitalization.
Loram determines compensation based on factors such as skills, competencies, education, and/or experience. Certain positions may be eligible for an annual bonus and paid time off in addition to base compensation.
Starting pay for the position is between $55,578.58 – $69,473.22.
Loram is an Equal Opportunity Employer and will make all employment-related decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, marital status, familial status, status with regard to public assistance, membership or activity in a local commission, protected veteran status, or any other status protected by applicable law.
#LI-AB1
#LI-HYBRID
Rev: Mar 2025
Job ID: req4844
Job Category: Manufacturing & Supply Chain
Location: Hamel, MN, US
DESCRIPTION
Job Title: Demand and Inventory Analyst II
FLSA Status: Exempt
Department: Inventory Control & Warehouse Operations
Reports to: Global Warehouse Manager
Flex Work Eligible! This position qualifies for the Flexible Work Policy. Employees receive 75 work days annually to work remote! The initial amount of days is prorated for the first year based on start date.
GENERAL DESCRIPTION / PURPOSE:
The Demand and Inventory Analyst II develops, integrates, and manages supply and demand alignment on a short- and medium-term horizon. Additional responsibilities include developing plans to ensure optimum inventory levels and implementing procedures to ensure that the proper inventory is in all warehouse locations.
ESSENTIAL JOB FUNCTIONS:
Operational Excellence
- Identify gaps between available supply and allocation, resolve intra-business unit customer priorities and develop new reporting processes and tools to achieve efficient completion of these tasks.
- Manage the implementation, communication and coordination of forecasts and availability, related to service level inventories, new product introductions and phase-outs.
- In conjunction with Operations, Supply Chain, and Inventory Control, establish inventory stocking levels and deployment strategies for each product line.
Functional and Technical Skills
- Develop and publish forecasts of anticipated demand, using historical data, sales trends, and customer projections to maintain optimum inventory levels utilizing safety stocks, blanket orders and economic order quantities, to meet business needs.
- Direct and maintain fleet inventory system, implement stocking strategies to reduce open work order volume.
- Perform thorough research and document inventory discrepancies using all available resources to identify root causes and supply possible solutions.
Compliance
- Develop control systems to prevent regeneration of material obsolescence.
- Report, analyze, and drive reduction of excess and obsolete inventory.
- Regularly monitor inventory control workflow and the execution of assigned processes.
- Create monthly inventory control reports and complete action items to meet department goals.
- Develop strategies, analyses, inventory management processes that enable focus on improving the inventory turns metrics.
- Maintain and report inventory accuracy.
Customer Support
- Participate on cross functional project team meetings and maintain Loram functional area relationships to manage appropriate inventory levels.
- Review and act upon Engineering Change Notices by working with engineering and production to determine new specifications.
- Support and direct cross-functional teams to continuously improve processes.
QUALIFICATIONS
REQUIRED QUALIFICATIONS:
Education: Bachelor’s Degree in Business or related field.
Experience: 3+ Years Business experience and/or training. 4+ Years Demand and Inventory Analysis/Inventory Management experience.
Knowledge, Skills and Abilities:
- Advanced PC skills in Microsoft Word and Excel.
*Or 8+ years combination of education and experience in Demand and Inventory Analysis/Inventory Management.
PREFERRED QUALIFICATIONS:
Licenses/Certifications: Ability to obtain and maintain Railroad Certifications.
WORKING CONDITIONS:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Office deskwork, requiring sitting, walking, using phone & computer.
- May lift up to 30 lbs. occasionally.
- Can tolerate variable and sometimes challenging conditions during visits or inspections of company equipment in a railroad environment.
Benefits for this role include a comprehensive package with company-sponsored medical, dental, and vision insurance; Health Savings Account (HSA) and Flexible Spending Account (FSA) options; wellness programs; basic life and AD&D insurance; voluntary life insurance; company paid short-term and long-term disability coverage; 401(k) retirement plan including an employer match of 150% up to the first 6% you contribute to the Plan; Employee Assistance Program (EAP); behavioral health support; and leaves of absence. Additional benefits include tuition reimbursement, payroll charity contributions, adoption assistance and optional plans such as legal, critical illness, and hospitalization.
Loram determines compensation based on factors such as skills, competencies, education, and/or experience. Certain positions may be eligible for an annual bonus and paid time off in addition to base compensation.
Starting pay for the position is between $55,578.58 – $69,473.22.
Loram is an Equal Opportunity Employer and will make all employment-related decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, marital status, familial status, status with regard to public assistance, membership or activity in a local commission, protected veteran status, or any other status protected by applicable law.
#LI-AB1
#LI-HYBRID
Rev: Mar 2025
ABOUT
Based in Hamel, Minnesota, Loram Maintenance of Way, Inc. designs and builds some of the most sophisticated railway maintenance equipment in the world, delivering high quality products and services to our global customers. This is made possible by employees who are passionate about delivering advanced equipment, innovative solutions, and unrivaled customer service.
For more information about Loram go to:
Based in Georgetown, Texas, Loram Technologies, Inc. provides innovative solutions for the railroad industry. From our friction management application systems to our Aurora® track inspection systems, our products are technologically advanced, safer, more efficient, and more productive than traditional maintenance methods.
For more information about LTI go to:
http://www.loramtechnologies.com
Loram is proud to be an Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.
Job Title: Demand and Inventory Analyst II
FLSA Status: Exempt
Department: Inventory Control & Warehouse Operations
Reports to: Global Warehouse Manager
Flex Work Eligible! This position qualifies for the Flexible Work Policy. Employees receive 75 work days annually to work remote! The initial amount of days is prorated for the first year based on start date.
GENERAL DESCRIPTION / PURPOSE:
The Demand and Inventory Analyst II develops, integrates, and manages supply and demand alignment on a short- and medium-term horizon. Additional responsibilities include developing plans to ensure optimum inventory levels and implementing procedures to ensure that the proper inventory is in all warehouse locations.
ESSENTIAL JOB FUNCTIONS:
Operational Excellence
- Identify gaps between available supply and allocation, resolve intra-business unit customer priorities and develop new reporting processes and tools to achieve efficient completion of these tasks.
- Manage the implementation, communication and coordination of forecasts and availability, related to service level inventories, new product introductions and phase-outs.
- In conjunction with Operations, Supply Chain, and Inventory Control, establish inventory stocking levels and deployment strategies for each product line.
Functional and Technical Skills
- Develop and publish forecasts of anticipated demand, using historical data, sales trends, and customer projections to maintain optimum inventory levels utilizing safety stocks, blanket orders and economic order quantities, to meet business needs.
- Direct and maintain fleet inventory system, implement stocking strategies to reduce open work order volume.
- Perform thorough research and document inventory discrepancies using all available resources to identify root causes and supply possible solutions.
Compliance
- Develop control systems to prevent regeneration of material obsolescence.
- Report, analyze, and drive reduction of excess and obsolete inventory.
- Regularly monitor inventory control workflow and the execution of assigned processes.
- Create monthly inventory control reports and complete action items to meet department goals.
- Develop strategies, analyses, inventory management processes that enable focus on improving the inventory turns metrics.
- Maintain and report inventory accuracy.
Customer Support
- Participate on cross functional project team meetings and maintain Loram functional area relationships to manage appropriate inventory levels.
- Review and act upon Engineering Change Notices by working with engineering and production to determine new specifications.
- Support and direct cross-functional teams to continuously improve processes.
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About the area
Find out more about Hamel, MN
Loram is an Equal Opportunity Employer and will make all employment-related decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, marital status, familial status, status with regard to public assistance, membership or activity in a local commission, protected veteran status, or any other status protected by applicable law.
Loram is committed to protecting the identity and personal information of any potential employee. Loram applicants will only be contacted by Loram employees with an authentic Loram email address ending in @loram.com. We encourage you to verify the identity of any individual who claims to be a member of the Loram team by confirming the email address is @loram.com with no additional characters or letters. We will never request financial information or a financial commitment as part of the recruitment process. If you have a question about the authenticity of any communication claiming to be from Loram, please contact loramrecruiting@loram.com. Reports can be submitted online at www.loram.ethicspoint.com or by calling 1-844-635-4640.
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