Job Purpose:
The Inventory Analyst is responsible for optimizing stock levels, minimizing excess inventory, and preventing stockouts through data-driven analysis. This role ensures the right products are available at the right time while reducing carrying costs and improving cash flow. Key Responsibilities:
1. Inventory Optimization & Demand Forecasting

• Analyze historical sales data, trends, and seasonality to forecast demand accurately.
• Set optimal stock levels (safety stock, reorder points) using statistical models.
• Identify slow-moving or obsolete inventory and recommend liquidation strategies.

2. Data Analysis & Reporting

• Generate daily/weekly inventory reports (turnover rates, fill rates, GMROI).
• Monitor key metrics (stockouts, overstock, shrinkage) and propose corrective actions.
• Use ERP/WMS systems (SAP, Oracle, NetSuite) to track inventory in real time.

3. Cross-Functional Collaboration

• Work with procurement to align purchase orders with demand forecasts.
• Partner with warehouse teams to improve stock accuracy (cycle counts, audits).
• Support sales and marketing in planning promotions or new product launches.

4. Process Improvement

• Implement automation tools (barcode scanners, RFID) to reduce manual errors.
• Develop inventory dashboards (Power BI, Tableau) for leadership visibility.
• Streamline inventory replenishment processes using lean methodologies.

5. Risk Management

• Mitigate risks of stockouts, overstocking, or supplier delays.
• Analyze supply chain disruptions and adjust inventory strategies accordingly.

Required Skills & Competencies:
Technical Skills
✔ Advanced Excel/Google Sheets – Pivot tables, VLOOKUP, macros
✔ Inventory Management Software – SAP, Oracle, Fishbowl, or similar
✔ Data Visualization – Power BI, Tableau, SQL (basic)
✔ Statistical Analysis – Forecasting models (moving averages, exponential smoothing)
✔ ERP/WMS Systems – Real-time inventory tracking
Soft Skills
✔ Analytical Thinking – Turning data into actionable insights
✔ Attention to Detail – Ensuring accuracy in stock records
✔ Problem-Solving – Addressing discrepancies and inefficiencies
✔ Communication – Explaining complex data to non-technical teams Qualifications & Experience:
Education:

• Bachelor’s Degree in Supply Chain, Business Analytics, Finance, or related field
• Certifications (Preferred):
  • CPIM (Certified in Production and Inventory Management) – APICS
  • CSCA (Certified Supply Chain Analyst)
  • Six Sigma (Green Belt) – For process optimization

Experience:

• 3+ years in inventory control, demand planning, or supply chain analytics.
• Experience in retail, e-commerce, or manufacturing is highly valued.
• Proficiency in ERP systems and advanced analytics tools.