Inventory Analyst

Northern Impact; Minneapolis (MN); On-site; USD 60,000 - 90,000; Full time

Job summary

A fast-growing luxury brand is seeking an Inventory Analyst. The role involves managing day-to-day inventory operations, providing analyses, and controlling inventory protocols. Ideal candidates will possess strong analytical and interpersonal skills, with a Bachelor’s degree and relevant experience. Join a dynamic team focused on driving business success through effective inventory management.

Qualifications

• 2 - 6 years of experience demonstrating strong mathematical and analytical skills.
• Experience in business analytics with large data.
• Ability to communicate effectively with vendors and internal contacts.

Responsibilities

• Responsible for inventory operations including controlling daily activities and managing inventory items.
• Provide weekly and ad hoc analyses to drive business decisions that affect sales and customer retention.
• Tailor reporting to meet vendor and merchandising team needs.

Skills

Analytical skills

Attention to detail

Interpersonal skills

Communication skills

Mathematical skills

Statistical skills

Education

Bachelor’s degree

Job description

Overview

Fast growing luxury brand is seeking an Inventory Analyst to join their team. The successful candidate is responsible for inventory analyst including controlling day-to-day inventory operations, managing inventory items, analysis of products, and implementing inventory control protocols.

The successful candidate must be analytical with strong attention to detail. The Analyst must possess commercial awareness and be able to interpret and implement data on consumer trends and spending. In addition, the Analyst must be able to independently prioritize work and projects while reacting to escalating business situations.

Responsibilities

• The Vendor Analyst/Inventory Analyst role is responsible for providing weekly and ad hoc analyses to internal and external customers focused on one or more specific vendors

• It involves using various sources of internal and external data to outline business trends, determine highlights, and provide recommendations that drive broader business decisions, especially those that drive sales, profit, and customer retention

• The Analyst will tailor reporting and recommendations to fit the needs of both the vendor and merchandising teams

• A VA/IA will also be required to learn and display proficiency with appropriate systems, tools, and processes to drive the efficient inventory management for their assigned vendor/s

• The VA/IA has the ability to directly lead and influence business performance by using inventory wisely

• This includes achieving key inventory KPI’s (e.g. fill rate, in-stock, and turns) while working collaboratively with business partners to forecast, plan, and purchase in ways

Requirements

• A Bachelor’s degree and 2 - 6 years’ experience demonstrating strong mathematical and analytical skills required

• Business analytics experience, including strong computer and statistical skills and ability to work with large amounts of data, is required

• Strong interpersonal and communication skills are required due to the nature of involvement and contact with outside vendors as well as internal contacts

• An equivalent combination of education and related experience may be substituted for a Bachelor’s degree