Inventory Analyst

Job Summary:

Detail-oriented and analytical Inventory Analyst to manage and optimize inventory levels, ensuring efficiency and accuracy in supply chain operations. The ideal candidate will monitor inventory trends, forecast demand, and collaborate with cross-functional teams to prevent shortages or overstock situations.

Key Responsibilities:

• Analyze inventory data to identify trends, discrepancies, and opportunities for improvement.
• Develop and maintain accurate inventory reports, tracking stock levels and turnover rates.
• Forecast demand based on historical data, sales trends, and market conditions.
• Collaborate with procurement, supply chain, and warehouse teams to ensure optimal inventory levels.
• Identify and resolve inventory discrepancies, investigating root causes and implementing corrective actions.
• Assist in setting and maintaining inventory KPIs, such as stock accuracy and order fulfillment rates.
• Work with suppliers and vendors to coordinate shipments and manage lead times.
• Support inventory audits and cycle counting processes to maintain data integrity.
• Utilize inventory management systems (IMS) and ERP software to track and optimize stock levels.
• Provide recommendations for process improvements to reduce costs and enhance efficiency.