Inventory Analyst

1 day ago

hialeah, United States HirefinderRPO Full time

Inventory Analyst position plays a critical role in managing a company's inventory levels, ensuring that stock quantities meet demand while minimizing overstock or stockouts.


*Essential Duties and Responsibilities

Inventory Monitoring and Management:

  • Track and manage inventory levels, ensuring optimal stock levels are maintained.
  • Analyze data to forecast future inventory needs based on sales trends, seasonality, and market conditions.
  • Identify discrepancies between physical inventory and system records, and resolve issues.

Inventory Reporting:

  • Prepare detailed reports on inventory metrics, including stock turnover rates, reorder points, and stock levels.
  • Generate insights and recommend inventory optimization strategies to minimize costs while meeting customer demand.

Demand Forecasting:

  • Utilize historical data and sales forecasts to predict future inventory requirements.
  • Work with sales, procurement, and operations teams to develop demand plans.

Work with Supply Chain Department:

  • Work with procurement, warehouse, and logistics teams to ensure smooth inventory flow.

Data Analysis and Optimization:

  • Use data analytics tools to track key inventory performance indicators (KPIs).
  • Analyze slow-moving inventory, obsolete stock, and optimize stock levels accordingly.
  • Implement and maintain inventory management on ERP systems to streamline processes.


*Knowledge, Skills, and Abilities

  • Inventory control and demand forecasting
  • Data analysis and reporting
  • Knowledge of supply chain and inventory management software
  • Excellent attention to detail and ability to work with large data sets.


Education & Experience

  • Bachelor's degree in supply chain management, logistics, business, or a related field.
  • Strong analytical skills and experience with inventory management software (e.g., SAGE, SAP, Macola, etc).
  • Proficiency in data analysis tools such as Excel, SQL, or similar .

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