Inventory Optimization Specialist

3 weeks ago

Mattoon, Illinois, United States Rural King Supply Full time
About Us

Rural King Supply is a leading farm and home store with a wide range of products and services. Our mission is to provide exceptional customer service and support to our communities.

Job Summary

We are seeking a highly skilled Replenishment Analyst to join our team. As a Replenishment Analyst, you will play a crucial role in optimizing inventory levels and ensuring the availability of products across our retail channels.

Key Responsibilities
  • Support the monitoring and analysis of sales trends, inventory levels, and customer demand to identify patterns and assist in accurate demand forecasting.
  • Assist in developing and implementing replenishment strategies to optimize inventory levels, minimize stockouts, and maximize sales.
  • Collaborate with cross-functional teams, including merchandising, procurement, and supply chain, to ensure timely product replenishment and maintain appropriate stock levels.
  • Assist in reviewing and adjusting inventory parameters, such as reorder points, lead times, and safety stock levels, based on demand forecasts and historical data.
  • Contribute to regular inventory audits to identify discrepancies, analyze root causes, and support the implementation of corrective actions to improve accuracy and minimize shrinkage.
  • Assist in maintaining effective communication channels with vendors and suppliers, monitoring their performance, and assisting in resolving any product availability or quality issues.
  • Contribute to generating reports and providing insights on key performance metrics, including sales, inventory turnover, and forecast accuracy.
  • Support ongoing evaluation and improvement of replenishment processes and systems to enhance efficiency and reduce costs.
  • Stay updated on industry trends, market conditions, and emerging technologies to identify opportunities for process improvement and innovation.
  • Assist in training and knowledge sharing with junior team members, fostering a culture of continuous learning within the team.
  • Use discretion and independent judgment in daily decisions while maintaining a high level of confidentiality and professionalism.
Requirements
  • At least 2 years of relevant experience and bachelor's degree or equivalent combination of experience and education.
  • Basic understanding of supply chain principles, including demand forecasting, inventory control, and replenishment strategies.
  • Strong understanding of retail business practices.
  • Excellent negotiation and conflict resolution skills.
  • Demonstrated ability to adapt in a fast-paced environment.
  • Strong analytical and problem-solving skills.
  • Excellent organizational skills and attention to detail.
  • Proficiency with Microsoft Office Suite or related software.
  • Proficiency with or the ability to quickly learn Oracle ERP System.
  • Comfortable navigating computer systems and software to assist customers or manage activities.
  • Excellent verbal and written interpersonal and communication skills.
  • Excellent customer service skills.
Physical Requirements
  • Ability to maintain a seated or standing position for extended durations.
  • Capability to lift 15 pounds periodically.
  • Ability to navigate and access all facilities.
  • Skill to effectively communicate verbally with others, both in-person and via electronic devices.
  • Close vision for computer-related activities.

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