Procurement and Inventory Analyst
Procurement and Inventory Analyst
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Job Description
Summary:
In this role you will be responsible for managing inventory levels ensuring accurate pricing analyzing costeffectiveness and optimizing overall profitability. This position requires a strong understanding of inventory control principles pricing strategies and data analysis techniques.
Responsibilities:
Inventory Management:
Forecast inventory needs based on sales trends and historical data.
Manage and execute purchase orders to maintain optimal stock levels.
Oversee receiving storage and distribution of inventory.
Implement and improve inventory control procedures to minimize waste and shrinkage.
Investigate and resolve inventory discrepancies (void tickets scanned vs. unscanned sales damaged or missing goods)
Identify trends and root causes of inventory shrinkage and implement corrective actions.
Cost Analysis:
Analyze costs across multiple vendors to ensure competitive pricing.
Identify costsaving opportunities.
Negotiate pricing with vendors and maintain vendor relationships.
Track and analyze cost fluctuations and their impact on profitability.
Reporting and Analysis:
Generate regular reports on inventory levels pricing and cost analysis findings.
Provide datadriven insights and recommendations to management.
Develop and maintain key performance indicators (KPIs) related to inventory pricing and cost optimization.
Requirements
01 years of experience in inventory management preferably in the retail industry.
Bachelors degree in Supply Chain Management Logistics or a related field.
Proven experience in similar role.
Proficiency in Microsoft Excel.
Excellent organizational and time management skills.
Attention to detail and accuracy.
Ability to work independently and as part of a team.
Effective communication and interpersonal skills.
Employment Type
Full Time
