Retail Inventory Analyst

Placements24; Upington; On-site; ZAR 320,000 - 520,000; Full time

Benefits offered by this job

Health benefits

Employee discounts

Professional development

Stable work environment

Job summary

Placements24 is seeking a meticulous Retail Inventory Analyst in Upington, Northern Cape to optimise stock levels, forecast demand, and minimise carrying costs across our retail operations. You will analyse data, implement inventory controls, collaborate with purchasing and sales teams, and conduct regular audits to prevent stockouts and slow-moving stock.

A Bachelor’s degree in a related field and 3+ years’ retail inventory experience are required; proficiency in Excel and inventory software is

Qualifications

• 3+ years of experience in inventory analysis, preferably in retail.
• Strong analytical and problem-solving skills with high accuracy.
• Proficiency in data analysis and forecasting techniques.
• Experience with inventory management software and advanced Excel functions.

Responsibilities

• Analyze inventory data to identify trends, discrepancies, and opportunities for improvement.
• Develop and maintain accurate demand forecasts for product categories.
• Implement and monitor inventory control procedures to ensure optimal stock levels.
• Collaborate with purchasing and sales teams to manage stock replenishment and order fulfillment.
• Conduct regular inventory audits and cycle counts to verify accuracy.
• Identify and address slow-moving or obsolete inventory.
• Generate regular reports on inventory performance, stock levels, and risks.
• Optimize inventory turnover and minimise carrying costs and stockouts.
• Assist in implementing inventory management systems and technologies.
• Ensure compliance with inventory policies and procedures.

Skills

Analytical thinking

Forecasting

Data analysis

Excel skills

Attention to detail

Education

Bachelor's degree in SCM

Tools

Inventory management software

MS Excel

Job description

About the Role

Our client is seeking a meticulous and analytical Retail Inventory Analyst to join their team in Upington, Northern Cape . This role is essential for managing and optimizing inventory levels, ensuring product availability while minimizing carrying costs and stockouts. You will be responsible for analyzing inventory data, forecasting demand, implementing effective inventory control measures, and collaborating with various departments to ensure smooth supply chain operations. The ideal candidate will possess strong analytical skills, a keen understanding of inventory management principles, and proficiency in data analysis tools. This is a critical role for maintaining the financial health and operational efficiency of our client's retail business in Upington, Northern Cape . If you are a data-driven professional with a passion for optimizing retail supply chains.

Key Responsibilities

• Analyze inventory data to identify trends, discrepancies, and opportunities for improvement.
• Develop and maintain accurate demand forecasts for various product categories.
• Implement and monitor inventory control procedures to ensure optimal stock levels.
• Collaborate with purchasing and sales teams to manage stock replenishment and order fulfillment.
• Conduct regular inventory audits and cycle counts to verify accuracy.
• Identify and address slow-moving or obsolete inventory.
• Generate regular reports on inventory performance, stock levels, and potential risks.
• Optimize inventory turnover and minimize carrying costs and stockouts.
• Assist in the implementation of inventory management systems and technologies.
• Ensure compliance with company inventory policies and procedures.

Requirements

• Bachelor's degree in Supply Chain Management, Business Administration, Statistics, or a related field.
• Proven experience (3+ years) as an Inventory Analyst, Supply Chain Analyst, or in a similar role within retail.
• Strong analytical and problem-solving skills with a high level of accuracy.
• Proficiency in inventory management software and MS Excel (advanced functions required).
• Experience with data analysis and forecasting techniques.
• Excellent organizational and time management skills.
• Strong communication and interpersonal skills to work effectively with cross-functional teams.
• Ability to work independently and manage multiple priorities.
• Understanding of retail operations and supply chain dynamics.
• Familiarity with the retail environment in Upington, Northern Cape is an advantage.

Benefits

• Competitive annual salary based on experience and qualifications.
• Comprehensive health and retirement benefits.
• Opportunities for professional development in supply chain and analytics.
• Stable work environment with a focus on operational excellence.
• Employee discounts on retail products.