Retail Inventory Analyst

Placements24; LegKraal Gate; On-site; ZAR 350,000 - 520,000; Full time

Benefits offered by this job

Employee discount on company products

Professional development opportunities

Regular performance reviews

Job summary

Placements24 invites an organized Retail Inventory Analyst to support Mahikeng-based operations. You will analyze inventory data, monitor stock levels, and drive accuracy across the supply network, aiming to minimize stockouts and excess stock while improving profitability.

The role requires strong Excel skills (pivot tables, VLOOKUP) and experience with inventory management software. Collaboration with store teams and supply chain is essential to align stock strategies.

Qualifications

• Minimum 2 years in inventory management, data analysis, or a related retail operations role.
• Strong analytical and quantitative skills with a keen eye for detail and accuracy.
• Proficiency in MS Excel (pivot tables, VLOOKUP) and experience with inventory management software.

Responsibilities

• Analyze inventory data to monitor stock levels, turnover rates, and potential discrepancies.
• Develop and maintain inventory reports, providing insights into stock performance and trends.
• Identify root causes of inventory issues, such as stockouts, overstock, and shrinkage.
• Recommend and implement strategies to optimize inventory levels and improve accuracy.
• Collaborate with supply chain, merchandising, and store teams to align inventory strategies.
• Assist in the planning and execution of physical inventory counts and cycle counts.
• Monitor key inventory performance indicators (KPIs) and identify areas for improvement.
• Support the implementation and utilization of inventory management systems.
• Ensure compliance with inventory control policies and procedures.
• Contribute to demand forecasting accuracy and planning processes.

Skills

MS Excel

Pivot tables

VLOOKUP

Data analysis

Analytical skills

Education

High school diploma or equivalent

Bachelor’s degree in Business or Supply Chain (advantageous)

Tools

Inventory management software

POS systems

Job description

About the Role

Our client, a well-established retail company, is seeking a meticulous and analytical Retail Inventory Analyst to join their team supporting operations in Mahikeng, North West . This role is critical for ensuring optimal inventory levels across the network, minimizing stockouts and overstock situations, and improving overall inventory accuracy and efficiency. You will be responsible for analyzing inventory data, identifying trends, and recommending strategies to enhance stock management practices. The ideal candidate will possess strong quantitative skills, a thorough understanding of inventory management principles, and proficiency with data analysis tools. We are looking for an individual who can translate complex data into actionable insights, contributing to improved profitability and customer satisfaction. Your dedication to accuracy and process improvement will be highly valued.

Key Responsibilities

• Analyze inventory data to monitor stock levels, turnover rates, and potential discrepancies.
• Develop and maintain inventory reports, providing insights into stock performance and trends.
• Identify root causes of inventory issues, such as stockouts, overstock, and shrinkage.
• Recommend and implement strategies to optimize inventory levels and improve accuracy.
• Collaborate with supply chain, merchandising, and store teams to align inventory strategies.
• Assist in the planning and execution of physical inventory counts and cycle counts.
• Monitor key inventory performance indicators (KPIs) and identify areas for improvement.
• Support the implementation and utilization of inventory management systems.
• Ensure compliance with inventory control policies and procedures.
• Contribute to demand forecasting accuracy and planning processes.

Requirements

• A minimum of 2 years of experience in inventory management, data analysis, or a related retail operations role.
• Strong analytical and quantitative skills, with a keen eye for detail and accuracy.
• Proficiency in MS Excel (e.g., pivot tables, VLOOKUP) and experience with inventory management software.
• Good understanding of inventory control principles, stock valuation, and supply chain concepts.
• Excellent problem-solving abilities and a proactive approach to identifying and resolving issues.
• Effective communication and collaboration skills to work with various departments.
• Ability to manage multiple tasks and meet deadlines.
• High school diploma or equivalent required; a degree or diploma in Business, Supply Chain, or a related field is advantageous.
• Familiarity with retail operations and point-of-sale (POS) systems is a plus.
• Commitment to maintaining high standards of data integrity and reporting.

Benefits

• An annual salary of R .
• Opportunities for professional development in data analysis and inventory management.
• Work within a supportive and data-driven team environment.
• Employee discount on company products.
• Exposure to critical aspects of retail supply chain and operations.
• Regular performance reviews and potential for advancement.