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Title
Text copied to clipboard!Inventory Analyst
Description
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We are looking for a detail-oriented and experienced Inventory Analyst to join our team. The Inventory Analyst will be responsible for tracking and managing our inventory levels, making purchase recommendations based on analysis, and coordinating with our sales and supply chain teams. The ideal candidate will have strong analytical skills, experience in inventory management, and the ability to work in a fast-paced environment. This role will play a critical role in ensuring that we maintain optimal inventory levels to meet our customer needs while minimizing carrying costs.
Responsibilities
Text copied to clipboard!- Monitor inventory levels and identify purchasing needs.
- Track orders and ensure timely delivery.
- Update internal databases with order details (dates, vendors, quantities, discounts).
- Conduct regular inventory audits.
- Review reports on inventory levels, delivery times, and efficiency.
- Collaborate with warehouse employees and other staff to ensure business goals are met.
- Report to upper management on stock levels, issues etc.
- Forecast future demand to avoid overstocking and running out-of-stock (OOS).
- Place orders to replenish merchandise as needed.
- Analyze data to anticipate future needs.
Requirements
Text copied to clipboard!- Proven experience as an Inventory Analyst or similar role.
- Good understanding of supply chain procedures.
- Working knowledge of inventory management software.
- Active participation in inventory audits.
- Excellent organization skills.
- Good communication and negotiation abilities.
- BSc/BA in Business Administration, Logistics or relevant field.
- Analytical mind with ability to make accurate mathematical computations.
- Excellent written and verbal communication skills.
- Competency in Microsoft applications including Word, Excel, and Outlook.
Potential interview questions
Text copied to clipboard!- How do you handle discrepancies in inventory counts?
- Can you describe a time when you used data analysis to improve inventory management?
- How do you prioritize tasks when managing inventory?
- What strategies do you use to optimize inventory control?
- Can you describe a time when you had to make a critical decision about inventory management?