Inventory Analyst

KLA
paid time off, tuition reimbursement, 401(k)
United States, Michigan, Ann Arbor
1200 Woodridge Avenue (Show on map)
Nov 12, 2024
Base Pay Range: $56,800.00 - $96,600.00 Annually Primary Location: USA-MI-Ann Arbor-KLA KLA's total rewards package for employees may also include participation in performance incentive programs and eligibility for additional benefits identified below. Interns are eligible for some of the benefits identified below. Our pay ranges are determined by role, level, and location. The range displayed above reflects the minimum and maximum pay for this position in the primary location identified in this posting. Actual pay depends on several factors, including location, job-related skills, experience, and relevant education level or training. If applicable, your recruiter can share more about the specific pay range for your preferred location during the hiring process. Company Overview KLA is a global leader in diversified electronics for the semiconductor manufacturing ecosystem. Virtually every electronic device in the world is produced using our technologies. No laptop, smartphone, wearable device, voice-controlled gadget, flexible screen, VR device or smart car would have made it into your hands without us. KLA invents systems and solutions for the manufacturing of wafers and reticles, integrated circuits, packaging, printed circuit boards and flat panel displays. The innovative ideas and devices that are advancing humanity all begin with inspiration, research and development. KLA focuses more than average on innovation and we invest 15% of sales back into R&D. Our expert teams of physicists, engineers, data scientists and problem-solvers work together with the world's leading technology providers to accelerate the delivery of tomorrow's electronic devices. Life here is exciting and our teams thrive on tackling really hard problems. There is never a dull moment with us. Group/Division The KLA Services team headquartered in Milpitas, CA is our service organization that consists of Service Sales and Marketing, Spares Supply Chain management, Field Operations, Engineering, Product Training, and Technical Support. The KLA Services organization partners with our field teams and customers in all business sectors to maintain the high performance and productivity of our products through a flexible portfolio of services. Our comprehensive services include: proactive management of tools to identify and improve performance; expertise in optics, image processing and motion control with worldwide service engineers, 24/7 technical support teams and knowledge management systems; and an extensive parts network to ensure worldwide availability of parts. Job Description/Preferred Qualifications KLA Ann Arbor seeks a creative and driven professional for the role of Spares Inventory Analyst responsible for spares or aftermarket inventory. The inventory analyst will be responsible for managing spares total inventory, including monitoring volume and spend to meet operational goals. This position will play a key role in projecting and setting inventory targets, ensuring alignment with business objectives. The analyst will dissect inventory levels across various product categories, assess trends, and recommend corrective actions to optimize stock levels. A strong understanding of a spares business model, inventory finance, and financial impact of inventory reserves is preferred. The role requires a strategic thinker who can translate insights into actionable inventory control measures. Key Responsibilities: * Inventory management: Maintain and monitor overall inventory levels, costs, and stock positioning to meet organizational objectives. * Volume and spend analysis: Track and analyze inventory volumes and spending to ensure alignment with the budget and operational goals. * Goal Setting: Collaborate with leadership to project and set inventory goals, ensuring sufficient inventory levels to support the business while avoiding stockouts. * Inventory Forecasting: use historical data and trend analysis to forecast required inventory levels, adjusting as necessary based on business demands and market conditions. * Product-Level dissection: Conduct detailed analysis of inventory by product category to understand why certain stock levels exist, identify imbalances, and develop corrective actions to optimize inventory. * Corrective Actions: Identify opportunities to right-size inventory and implement corrective measures to address excess, obsolete, or low-turn stock. * Preferred Experience in Spares Management: Apply knowledge of spare business models to optimize inventory levels for spare parts, ensuring adequate stock without over-investing. * Inventory Finance: Collaborate with the finance team to track the financial impact of inventory management decisions. * Financial Reserves Impact: Understand and evaluate the financial impact of inventory reserves, including excess and obsolete inventory reserves, to ensure accurate financial reporting and cost control. * Performance Metrics: Track key inventory performance indicators, such as inventory turn over rates and other measures. * Collaboration: Work closely with procurement, finance, product planning, manufacturing operations, and supply planning to align inventory levels. * Continuous Improvement: Recommend and implement improvements to inventory policies, procedures, and systems to optimize supply chain efficiency and customer experience. Preferred Qualifications: Background in statistics and probability is a plus Experience with Tableau, Power BI or other business intelligence/analytical tools/services is a plus Experience with SAP ERP system is a plus Strong preference for experience in semiconductor equipment industry or other sophisticated, high-mix, low-volume products Minimum Qualifications Bachelor's degree and a minimum of 2 years of related experience; or an advanced degree without experience or equivalent experience Experience with multiple aspects of sophisticated supply chain operation Experience with Supply and demand management efficiency (upturn and downturns)and achieving cost reduction Should enjoy a meaningful and fast paced environment. Determined, independent, yet a strong great teammate. Creative, innovative, and resourceful with a passion for speed, agility, simplification, and proactive action Process oriented with confirmed experience turning big data into important analyses that lead to actionable results for supply chain operations. Strong data and analytical skills and track record for creating processes to improve business performance. Ability to effectively take care of ambiguity, identify gaps, and implement innovative solutions to increase operational efficiency. Strong leadership and interpersonal skills Lead thru curiosity and continuous improvements Effective communication and presentation skills Proficiency in MS Excel The company offers a total rewards package that is competitive and comprehensive including but not limited to the following: medical, dental, vision, life, and other voluntary benefits, 401(K) including company matching, employee stock purchase program (ESPP), student debt assistance, tuition reimbursement program, development and career growth opportunities and programs, financial planning benefits, wellness benefits including an employee assistance program (EAP), paid time off and paid company holidays, and family care and bonding leave. KLA is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race, religion, color, national origin, sex, gender identity, gender expression, sexual orientation, age, marital status, veteran status, disability status or any other status protected by applicable law. We will ensure that qualified individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us at talent.acquisition@kla.com or at +1-408-352-2808 to request accommodation. Be aware of potentially fraudulent job postings or suspicious recruiting activity by persons that are currently posing as KLA employees. KLA never asks for any financial compensation to be considered for an interview, to become an employee, or for equipment. Further, KLA does not work with any recruiters or third parties who charge such fees either directly or on behalf of KLA. Please ensure that you have searched KLA's Careers website for legitimate job postings. KLA follows a recruiting process that involves multiple interviews in person or on video conferencing with our hiring managers. If you are concerned that a communication, an interview, an offer of employment, or that an employee is not legitimate, please send an email to talent.acquisition@kla.com to confirm the person you are communicating with is an employee. We take your privacy very seriously and confidentially handle your information.