Inventory Analyst

Job Description

Role & responsibilities • Collaboration for product life cycle within functions • Understand concept and make business decision on inventory management for seasons • Utilize Tableau to generate and interpret exception reports for inventory management • Trend Analysis: Be part of weekly projections on moving parts for analysis on Inventory planning • Analyze the Demand Analysis report to assess sales trends and item performance, making strategic recommendations for future media and marketing initiatives. • Review & Evaluate stock levels to provide insights on backorders, cancellations, etc. • Collaborate with the production department on reorder placements, actively monitoring purchase order (PO) shipping statuses and delivering timely updates to senior management. • Track and prioritize top backorder and anticipated backorder items • Identify overstocks and develop actionable strategies & inputs of promotions • Maintain overstock disposition codes and identify end-of-season overstocks as reporting • Drive efforts to meet service KPI goals related to backorders and cancellations. Preferred candidate profile Good communication skills Functional knowledge of Inventory Management principles and KPIs of OTB, sell through and inventory turn rates, COGS variance, WOS, etc. Ability to demonstrate intermediate skill level in MS Excel, including formulating pivot tables, if statements, vlookup statements, etc. Ability to learn and understand demand forecasting concepts and apply knowledge on the job with strong analytical skills.