Inventory Business Analyst

2 weeks ago

Winnipeg, Canada Magellan Aerospace Full time

**Inventory Business Analyst**:
**Date**:Dec 24, 2024

**Location**: Winnipeg, MB, CA, R3H 0S5

**Company**:Magellan

Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. At Magellan we have over 80 years of collective knowledge and experience in the aerospace industry, and believe one truth: People create value.

Employees are our greatest resource in working towards a successful future, and together we build professional relationships that thrive. We know that personal development is fundamental to the success of every individual and invest in our employees.

When you are part of Magellan, you are part of the team

**Position Summary**

The Inventory Business Analyst will provide support to the Planning, Procurement and Operations teams by critically evaluating, processing and analyzing information from multiple sources, to prepare proposals and organize the teams to drive the action plans. The main focus will be on inventory management, forecasting and on-time completion. Inventory management includes identification of opportunities to reduce inventory through such items as cycle time reductions, enhanced vendor scheduling, inventory turn management, and the reduction of obsolete inventory. On-time completion includes identification of bottlenecks, capacity constraints, resource analysis and mitigation plans. Project Management skills are required. Works with Operations to track past due / load hours and performance; prepares weekly reports to present to the Exec team. Assists with the budgetary process and keeps a score of how we are performing to the budget and forecast.

**Essential Responsibilities**
- Analyze reports to identify primary opportunities to reduce inventory through changes to scheduling, order quantities, cycle time reductions, stock levels, forecasts, or excess inventory write-down
- Meet regularly with Program teams to advise on the use of analysis tools to prioritize items for cycle time or inventory reduction
- Establish and maintain robust methods for reporting and forecasting inventory reporting, including but not limited to: exception reporting, purchase forecasting, obsolete inventory, and inventory tracking/forecasting by program
- Perform monthly forecasts requested by the Finance team prior to the due dates
- Assist in the budgeting of company inventory and cash flows
- Lead and coordinate new initiatives from concept through implementation to support further enhancement of supply chain effectiveness
- Host divisional rate reviews, inventory as well as planning and resource parameter reviews with the Operations teams and the Executives
- Prepare Business Review slide decks
- Act as the Corporate Focal point on all matters of inventory
- Assist in automating current reports

**Position Requirements**
- Bachelor of Commerce or Diploma in Business Administration with a focus on Operations and Supply Chain Management preferred
- CPIM considered an asset
- Minimum 1 to 5 years of experience, preferably in a manufacturing environment
- Strong written and verbal communication skills
- Excellent organizational and time-management skills
- Ability to work well in a team environment
- Strong project management skills
- High attention to detail

**Why Magellan?**
- Competitive salary
- Attractive benefit package
- Generous company pension plan
- Excellent career progression opportunities
- Employee assistance plan
- On-site parking, cafeteria and gym

**Confidentiality

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