Retail Inventory Analyst

Placements24; Klerksdorp; On-site; ZAR 300,000 - 480,000; Full time

Benefits offered by this job

Competitive salary

Medical aid

Provident fund

Employee discounts

Professional development

Performance bonuses

Career growth

Paid time off

Job summary

Placements24 is seeking a Retail Inventory Analyst in Klerksdorp to optimize stock levels and reduce waste across stores. You will analyze inventory data, forecast demand, and partner with store managers, buyers and logistics to improve stock availability and accuracy.

The role requires strong analytical skills, ERP proficiency (SAP/Oracle) and advanced Excel abilities. You will contribute to cost savings and operational efficiency in a leading retail group.

Qualifications

• Bachelor's degree in supply chain, logistics, business admin or related field.
• Experience as Inventory Analyst or similar in retail.
• Strong forecasting, inventory management and data analysis skills.
• Proficiency with ERP systems and advanced Excel.

Responsibilities

• Analyze inventory levels, sales data and demand forecasts to optimize stock.
• Monitor turnover and identify slow-moving or obsolete stock with recommended actions.
• Develop and maintain inventory reports and dashboards for stakeholders.
• Collaborate with purchasing and merchandising for timely replenishment.
• Conduct cycle counts and audits to ensure accuracy.
• Analyze promotions and seasonal changes impact on demand.
• Provide recommendations to improve processes and systems.
• Train staff on inventory best practices.

Skills

Inventory management

Forecasting

Data analysis

Attention to detail

Cross-functional collaboration

Education

Bachelor's degree in Supply Chain/Logistics/Business

Tools

SAP

Oracle

Excel

Job description

About the Role

Our client, a prominent retail chain, is seeking a highly analytical and detail-oriented Retail Inventory Analyst to join their team in Klerksdorp, North West. This role is integral to optimizing stock levels, minimizing waste, and ensuring the availability of products across all stores. You will be responsible for analyzing inventory data, forecasting demand, identifying trends, and recommending strategies to improve inventory accuracy and efficiency. This position requires a strong understanding of inventory management systems and a passion for data-driven decision-making. You will work closely with store managers, buyers, and logistics teams to achieve optimal inventory performance. This is an excellent opportunity for a data enthusiast to make a significant impact on the profitability and operational efficiency of a leading retail organization.

Key Responsibilities

• Analyze inventory levels, sales data, and demand forecasts to ensure optimal stock availability and minimize overstock/stockout situations.
• Monitor inventory turnover rates and identify slow-moving or obsolete stock, recommending appropriate actions.
• Develop and maintain inventory management reports and dashboards for various stakeholders.
• Collaborate with the purchasing and merchandising teams to ensure timely and accurate replenishment of stock.
• Implement and oversee inventory control procedures to maintain high levels of inventory accuracy.
• Conduct regular cycle counts and physical inventory audits.
• Identify discrepancies between system data and physical stock, investigate root causes, and implement corrective actions.
• Analyze the impact of promotions and seasonal changes on inventory demand.
• Provide recommendations for improving inventory management processes and systems.
• Train store staff on inventory management best practices.

Requirements

• Bachelor's degree in Supply Chain Management, Logistics, Business Administration, or a related field.
• Proven experience as an Inventory Analyst or in a similar inventory management role within the retail sector.
• Strong understanding of inventory management principles, forecasting techniques, and supply chain concepts.
• Proficiency in using inventory management software and ERP systems (e.g., SAP, Oracle).
• Advanced Excel skills for data analysis and reporting (e.g., pivot tables, VLOOKUP).
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong attention to detail and accuracy.
• Good communication and interpersonal skills, with the ability to work effectively with cross-functional teams.
• Ability to work independently and manage multiple priorities.
• Knowledge of retail operations and point-of-sale (POS) systems is a plus.

Benefits

• Competitive annual salary of R .
• Medical aid and provident fund contributions.
• Generous employee discounts on a wide range of retail products.
• Opportunities for professional development and further training in supply chain and analytics.
• A structured work environment with clear performance expectations.
• Supportive management and a collaborative team culture.
• Paid time off for vacation and sick leave.
• Potential for annual performance bonuses.
• Access to modern inventory management tools and technologies.
• Career advancement opportunities within the operations department.