Inventory Management Specialist - Retail

Placements24; Willows (CA); On-site; USD 15,000 - 26,000; Full time

Job summary

Placements24 is seeking an Inventory Management Specialist to oversee stock levels and optimize processes at the Welkom site. The role focuses on accuracy, cost control, and timely replenishment to support store profitability.

The ideal candidate will have strong analytical skills, experience with inventory software, and the ability to collaborate across departments to streamline operations.

Qualifications

• Minimum 3 years of experience in inventory control or related retail field.
• Proficient with inventory management software and Excel.
• Strong analytical and numerical skills with attention to detail.
• Solid communication and cross-department collaboration abilities.

Responsibilities

• Monitor and manage inventory levels to meet demand while minimizing carrying costs.
• Perform regular stock and cycle counts and maintain accurate records.
• Analyze data to forecast demand and optimize reordering.
• Process incoming/outgoing inventory and update the system promptly.
• Investigate discrepancies between physical inventory and records.
• Coordinate with vendors on lead times, orders, and deliveries.
• Reduce shrinkage and waste through process improvements.
• Generate reports on inventory status, turnover, and KPIs.
• Collaborate with sales, merchandising, and warehouse teams.

Skills

Data analysis

Inventory control

Excel proficiency

Communication

Education

High school diploma

Supply Chain related degree

Tools

Inventory management software

Job description

About the Role

Our client, a thriving retail chain, is looking for a meticulous and analytical Inventory Management Specialist to manage stock levels and optimize inventory processes at their Welkom location. This role is essential for ensuring product availability, minimizing stockouts and overstock situations, and maintaining the accuracy of inventory records. The ideal candidate will possess strong analytical skills, a deep understanding of inventory control principles, and proficiency with inventory management software. You will play a crucial role in streamlining operations, reducing costs associated with inventory mismanagement, and contributing to the overall profitability of the store. We are seeking a proactive individual who can identify trends, implement improvements, and ensure the efficient flow of goods.

Key Responsibilities

• Monitor and manage inventory levels across all product categories to meet demand while minimizing carrying costs.
• Implement and maintain accurate inventory control procedures, including regular stock counts and cycle counts.
• Analyze inventory data to identify trends, forecast demand, and optimize reordering processes.
• Process incoming and outgoing inventory, ensuring accuracy and timely updates in the inventory management system.
• Investigate and resolve discrepancies between physical inventory and system records.
• Collaborate with vendors and suppliers to manage lead times, order fulfillment, and delivery schedules.
• Develop and implement strategies to reduce inventory shrinkage and waste.
• Generate regular reports on inventory status, turnover rates, and other key performance indicators (KPIs).
• Work closely with sales, merchandising, and warehouse teams to ensure alignment of inventory strategies with business goals.
• Identify opportunities for process improvement within the inventory management function.

Requirements

• Minimum of 3 years of experience in inventory control, supply chain, or a related field within the retail industry.
• Proven experience with inventory management software and systems.
• Strong analytical and quantitative skills, with the ability to interpret complex data.
• Excellent organizational skills and exceptional attention to detail.
• Proficiency in Microsoft Excel or similar spreadsheet software.
• Understanding of inventory valuation methods and cost accounting principles.
• Good communication and interpersonal skills, with the ability to work effectively with various departments.
• High school diploma or equivalent required; a degree in Supply Chain Management, Business, or a related field is preferred.
• Ability to work independently and as part of a team.
• Knowledge of retail operations and the flow of goods within a retail environment.

Benefits

• Our client offers a competitive salary package for this Inventory Management Specialist position in Welkom , commensurate with your experience and expertise.
• In addition to your base salary, you may be eligible for performance-based incentives related to inventory accuracy and cost savings.
• Comprehensive health benefits, including medical coverage, are provided.
• Opportunities for professional growth and development are available through continued training and exposure to advanced inventory management techniques.
• Employees also benefit from significant discounts on store merchandise.