Text copied to clipboard!
Title
Text copied to clipboard!Inventory Analyst
Description
Text copied to clipboard!
We are looking for an Inventory Analyst to join our team and help manage and optimize our inventory processes. The ideal candidate will be responsible for analyzing inventory data, forecasting demand, and ensuring that inventory levels are maintained at optimal levels to meet customer demand while minimizing excess stock and associated costs.
As an Inventory Analyst, you will work closely with supply chain, procurement, and sales teams to gather and analyze data related to inventory performance. You will use this data to identify trends, forecast future inventory needs, and recommend strategies to improve inventory accuracy and efficiency. Your role will be critical in supporting operational efficiency and customer satisfaction.
Key responsibilities include monitoring inventory levels, conducting regular audits, and preparing detailed reports on inventory metrics. You will also be expected to develop and maintain inventory models and dashboards, and to collaborate with cross-functional teams to implement inventory control procedures and best practices.
The successful candidate should have strong analytical skills, attention to detail, and proficiency in inventory management software and tools such as Excel, ERP systems, and data visualization platforms. A background in supply chain management, logistics, or a related field is preferred.
This role offers an exciting opportunity to contribute to the efficiency and profitability of the organization by ensuring that inventory is managed effectively and aligned with business goals.
Responsibilities
Text copied to clipboard!- Analyze inventory data to identify trends and forecast demand
- Monitor and maintain optimal inventory levels
- Conduct regular inventory audits and reconcile discrepancies
- Collaborate with procurement and supply chain teams
- Develop and maintain inventory tracking systems and reports
- Implement inventory control procedures and best practices
- Prepare detailed inventory performance reports
- Support planning and budgeting processes with inventory data
- Identify opportunities to reduce excess inventory and costs
- Ensure compliance with inventory policies and standards
Requirements
Text copied to clipboard!- Bachelor’s degree in supply chain management, logistics, or related field
- 2+ years of experience in inventory analysis or related role
- Proficiency in Microsoft Excel and inventory management software
- Strong analytical and problem-solving skills
- Excellent attention to detail and organizational abilities
- Experience with ERP systems (e.g., SAP, Oracle)
- Ability to work independently and in a team environment
- Strong communication and interpersonal skills
- Knowledge of forecasting and demand planning techniques
- Ability to manage multiple tasks and meet deadlines
Potential interview questions
Text copied to clipboard!- What inventory management systems have you worked with?
- Can you describe a time you identified and resolved an inventory issue?
- How do you approach forecasting inventory needs?
- What methods do you use to ensure inventory accuracy?
- How do you collaborate with other departments on inventory matters?
- What metrics do you track to evaluate inventory performance?
- Have you implemented any process improvements in inventory management?
- How do you handle discrepancies found during inventory audits?
- What experience do you have with ERP systems?
- How do you prioritize tasks when managing multiple inventory projects?
