Retail Inventory Specialist

Placements24; Polokwane; Hybrid; ZAR 300,000 - 520,000; Full time

Benefits offered by this job

Fully remote work opportunity

Competitive salary and benefits

Professional development in supply and

Job summary

Placements24 is seeking a meticulous Retail Inventory Specialist for a fully remote role. You will monitor stock levels, analyze data, and implement strategies to minimize stockouts and overstock across the retailer's network.

Collaboration with store managers, warehouses, and procurement is essential to ensure accurate data and efficient stock flow. The ideal candidate has 3+ years in inventory management within retail, strong analytical skills, proficiency with inventory systems and ERP, and

Qualifications

• 3+ years in inventory management, supply chain or related retail role.
• Strong analytical and data interpretation abilities.
• Experience with data analysis tools (Excel, SQL) is highly desirable.
• Excellent communication and remote collaboration skills.

Responsibilities

• Monitor and analyze inventory levels across locations and DCs.
• Develop and implement inventory control procedures to optimize stock levels.
• Conduct regular audits and reconciliations for data accuracy.
• Investigate discrepancies and identify root causes.
• Collaborate with purchasing and sales to forecast demand and plan needs.
• Use inventory software to track stock movements and generate reports.
• Implement strategies to minimize stockouts and overstock.
• Analyze turnover rates and identify improvement opportunities.
• Support development of new inventory management technologies and processes.
• Provide regular inventory performance reports to senior management.

Skills

Analytical skills

Quantitative analysis

Excel/SQL

Education

Bachelor's degree in Supply Chain Management or related

Tools

Inventory management software

ERP systems

Job description

About the Role

Our client, a leading national retailer, is seeking a meticulous and analytical Retail Inventory Specialist to join their expanding team. This is a fully remote position, offering the flexibility to work from home while playing a vital role in optimizing inventory management across the company's extensive network. You will be responsible for monitoring stock levels, analyzing inventory data, and implementing strategies to minimize stockouts and overstock situations. The ideal candidate possesses strong analytical skills, proficiency with inventory management systems, and a deep understanding of retail supply chains. You will collaborate closely with store managers, warehouse teams, and procurement specialists to ensure accurate inventory data and efficient stock flow. This role is critical for maintaining profitability and ensuring customer satisfaction by guaranteeing product availability. We are looking for a detail-oriented professional who can contribute to streamlining inventory processes and driving operational excellence. Your insights will directly impact purchasing decisions and overall business performance. Join our remote team and contribute to the efficient operation of our retail business from anywhere.

Key Responsibilities

• Monitor and analyze inventory levels across all retail locations and distribution centers.
• Develop and implement inventory control procedures to optimize stock levels and reduce carrying costs.
• Conduct regular inventory audits and reconciliations to ensure data accuracy.
• Identify and address discrepancies in inventory records, investigating root causes.
• Collaborate with purchasing and sales teams to forecast demand and plan inventory needs.
• Utilize inventory management software to track stock movements and generate reports.
• Implement strategies to minimize stockouts, overstock, and product obsolescence.
• Analyze inventory turnover rates and identify opportunities for improvement.
• Support the development and implementation of new inventory management technologies and processes.
• Provide regular inventory performance reports to senior management.

Requirements

• Proven experience (3+ years) in inventory management, supply chain, or a related role within the retail sector.
• Strong analytical and quantitative skills, with the ability to interpret complex data.
• Proficiency in inventory management software and ERP systems.
• Excellent understanding of inventory control principles and best practices.
• Experience with data analysis tools (e.g., Excel, SQL) is highly desirable.
• Strong problem-solving abilities and a detail-oriented approach.
• Excellent communication and interpersonal skills for effective collaboration with remote teams.
• Ability to work independently and manage workload effectively in a remote setting.
• Bachelor's degree in Supply Chain Management, Business Administration, or a related field is preferred.

Benefits

• Fully remote work opportunity, providing ultimate flexibility.
• Competitive salary and benefits package.
• Opportunities for professional development in supply chain and inventory management.
• Contribution to a leading retail company's operational success.
• Work with a collaborative and innovative remote team.