Retail Inventory Strategist | Forecasting & Optimization

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

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