Inventory Analyst

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.

Job Description

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.

Requirements:

• 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).
• Excellent attention to detail and ability to work with large data sets.
• Proficiency in data analysis tools such as Excel, SQL, or similar.

Key Skills:

• Inventory control and demand forecasting
• Data analysis and reporting
• Knowledge of supply chain and inventory management software