Inventory Analyst Responsibilities and Duties

Posted in Job Responsibilities

Perform inventory analysis and management to avoid low stock and overstock.

Develop inventory plan to ensure smooth product flow.

Report product issues to merchandising team for immediate resolution.

Maintain appropriate stock level according to seasonal promotions and ads.

Place product orders on timely manner and track open purchase orders.

Plan and complete the assigned tasks within the deadlines.

Work with Product Manager to maximize sales and reduce overstocks.

Manage inventory adjustments and transfers.

Analyze root causes of inventory issues and provide resolutions.

Communicate complex inventory problems to Manager promptly.

Develop process improvements to achieve company inventory goals.

Develop initiatives to reduce slow moving inventories and to improve inventory turns.

Generate and maintain monthly reports on inventory levels.

Review inventory activities and recommend improvements.

Assist in inventory risk assessment and mitigation activities.

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