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Inventory Analyst

Fadac Resources

Lagos, Nigeria Permanent

Published 2 months ago · Expires 3 weeks from now

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Job description

A dynamic team is expanding and looking for the right talent. Position Overview: - The Inventory Analyst is responsible for monitoring, analyzing, and optimizing inventory levels to ensure efficient supply chain operations. - This role involves forecasting demand, identifying trends, and implementing strategies to reduce costs while maintaining product availability. - The Inventory Analyst collaborates closely with procurement, warehouse, and sales teams to optimize stock levels in accordance with business needs. Key Responsibilities: Inventory Monitoring & Analysis: - Track inventory levels across warehouses and distribution centers. - Analyze stock movements, turnover rates, and demand patterns. - Identify discrepancies between physical stock and system records. Forecasting & Planning: - Develop demand forecasts using historical data and market trends. - Recommend reorder points and safety stock levels. - Collaborate with procurement to align purchasing with demand. - Process Improvement: - Implement inventory control procedures to minimize waste and obsolescence. - Suggest process enhancements to improve accuracy and efficiency. - Support automation and digital tools for inventory management. Cross-Functional Collaboration: - Partner with sales, operations, and finance teams to align inventory strategies. - Provide insights to support product launches and seasonal demand. - Prepare reports and dashboards for management decision-making. Skills: and Qualifications - Bachelor’s degree in Supply Chain Management, Business Administration, Finance, or related field. - 4 years + progressive experience in sales especially in FMCG, Telecoms, banking, luxury retail etc. - Strong analytical and problem-solving skills. - Proficiency in inventory management systems (e.g., SAP, Oracle, NetSuite) and Excel. - Excellent communication and collaboration abilities. - Experience in supply chain, logistics, or inventory management preferred. - Detail-oriented with strong organizational skills. - Ability to work under pressure and meet deadlines. - Strategic thinker with a focus on efficiency and cost reduction. - Strong data interpretation and reporting skills.

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