Inventory Analyst

Description

• The Inventory Analyst is responsible for monitoring, analyzing, and optimizing inventory levels to ensure efficient supply chain operations.
• This role involves forecasting demand, identifying trends, and implementing strategies to reduce costs while maintaining product availability.
• The Inventory Analyst collaborates closely with procurement, warehouse, and sales teams to optimize stock levels in accordance with business needs.

Key Responsibilities
Inventory Monitoring & Analysis:

• Track inventory levels across warehouses and distribution centers.
• Analyze stock movements, turnover rates, and demand patterns.
• Identify discrepancies between physical stock and system records.

Forecasting & Planning:

• Develop demand forecasts using historical data and market trends.
• Recommend reorder points and safety stock levels.
• Collaborate with procurement to align purchasing with demand.
• Process Improvement:
• Implement inventory control procedures to minimize waste and obsolescence.
• Suggest process enhancements to improve accuracy and efficiency.
• Support automation and digital tools for inventory management.

Cross-Functional Collaboration:

• Partner with sales, operations, and finance teams to align inventory strategies.
• Provide insights to support product launches and seasonal demand.
• Prepare reports and dashboards for management decision-making.

Skills and Qualifications

• Bachelor’s degree in Supply Chain Management, Business Administration, Finance, or related field.
• 4 years + progressive experience in sales especially in FMCG, Telecoms, banking, luxury retail etc.
• Strong analytical and problem-solving skills.
• Proficiency in inventory management systems (e.g., SAP, Oracle, NetSuite) and Excel.
• Excellent communication and collaboration abilities.
• Experience in supply chain, logistics, or inventory management preferred.
• Detail-oriented with strong organizational skills.
• Ability to work under pressure and meet deadlines.
• Strategic thinker with a focus on efficiency and cost reduction.
• Strong data interpretation and reporting skills.