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.