Position Summary

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

1. 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.
2. 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.
3. Demand Forecasting: * Utilize historical data and sales forecasts to predict future inventory requirements. * Work with sales, procurement, and operations teams to develop demand plans.
4. Work with Supply Chain Department: * Work with procurement, warehouse, and logistics teams to ensure smooth inventory flow.
5. 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.