Inventory Specialist (Retail)
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Key skills for this role
About the Role
Responsibilities Strong analytical and logical reasoning skills with a keen sensitivity to data. Ensure sufficient stock levels and maintain optimal inventory across all store locations.
Key Skills for This Role
Full Job Posting
Responsibilities
- Strong analytical and logical reasoning skills with a keen sensitivity to data.
- Ensure sufficient stock levels and maintain optimal inventory across all store locations.
- Track and monitor inventory turnover rates for each store.
- Conduct analysis on best-selling and slow-moving products in the stores.
- Manage and coordinate inter-store stock transfers.
- Maintain appropriate safety stock levels at both the stores and the distribution center.
- Develop replenishment strategies based on historical and current trend analysis to maximize sales, improve inventory turnover, and enhance gross margins.
- Stay aligned with current market trends and future business plans to adjust inventory and ordering strategies in collaboration with field and regional teams.
- Perform statistical analysis of sales rankings for both top-performing and underperforming products to forecast demand and guide supply planning.
- Oversee the issuance of daily replenishment orders, product planning, assortment coordination, and follow-ups.
- Analyze sales and inventory data to optimize inventory structure and effectively allocate product resources.
- Support marketing and promotional activities by ensuring full product availability in stores.
- Create and implement inventory reduction plans to maintain efficient inventory control.
- Apply supply chain strategies to enhance sales performance and inventory efficiency for each product.
- Contribute to meetings by providing relevant insights and updates related to replenishment planning
Requirements
- High school diploma or equivalent.
- 2-3 years experience as a **Merchandiser/Allocator** in the **Retail industry.**
- Knowledge of statistics and experience using statistical packages for analyzing datasets **(Excel - VLOOKUP, Pivot Table, Nested IFS)**.
- Product and market knowledge relevant to the area of responsibility.
- Excellent attention to detail and accuracy.
Application Question(s)
- What is your salary expectation?
- What is your notice period?
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