Stock Analyst



Job Title: Stock Analyst

• The Stock Analyst is responsible for analyzing and managing inventory levels to ensure optimal stock levels, prevent stock outs or overstocks.

Key Responsibilities

• Conduct regular analysis of inventory levels, turnover rates, and stock aging.

• Ensure compliance with regulations and standards related to inventory management

• Monitor product demand and sales trends to forecast future inventory needs.

• Develop and implement stock replenishment strategies to maintain optimal inventory levels.
• Work closely with commercial teams to understand demand forecasts and promotional activities.
• Adjust inventory plans based on seasonal trends, product launches, or market events.
• Evaluate supplier performance and address any issues related to product quality or delivery delays.
• Monitor and manage stock-keeping units (SKUs) to optimize assortment and minimize excess stock.
• Analyze SKU performance and recommend adjustments to the product mix.
• Calculate and analyze inventory turnover ratios to assess the efficiency of inventory management.
• Implement strategies to improve turnover rates and reduce holding costs.
• Assist in the valuation of inventory and the assessment of inventory accounting methods.
• Ensure compliance with accounting principles and regulations.
• Evaluate the accuracy of demand forecasts and make adjustments as needed.
• Implement tools and methodologies to enhance forecasting precision.
• Utilize data analytics tools to analyze historical sales data, inventory levels, and market trends.
• Generate reports and insights to support decision-making.
• Allocate stock to different locations or channels based on demand and sales priorities.
• Implement strategies for optimal product allocation.
• Conduct regular stock audits to ensure inventory accuracy.
• Investigate and reconcile discrepancies in stock levels.
• Identify and manage obsolete or slow-moving stock.
• Implement strategies to minimize excess stock and associated costs.
  

Qualifications:

• 5+ years of experience
• Bachelors Degree in Business Administration, or related field.
• Previous experience in stock and inventory analysis.
• Advanced understanding of business, commercial and supply chain operation
• Highly skillful in organization of demand planning
• High proficiency in developing complex inventory strategies
• Great analytical and problem-solving skills.
• Excellent negotiation, collaboration, and communication abilities.
• Ability to multitask.
• Exceptional organizational and time management skills.
• Meticulous attention to detail.
• Proficient computer skills, including Microsoft Office.