PythonJob Title: Inventory & Product Analytics Specialist
Location: Indore (M.P.)
Job Type: Full-Time
Job Summary
We are seeking a highly analytical and detail-oriented Inventory & Product Analytics Specialist to join our team. The successful candidate will be responsible for analyzing inventory data, monitoring product performance, and providing actionable insights to optimize inventory levels, improve product availability, and drive overall business performance. This role requires strong analytical skills, an understanding of inventory management, and the ability to work collaboratively across departments.
Key Responsibilities
- Inventory Management & Analysis:
- Monitor and analyze inventory levels to ensure optimal stock levels across various product categories.
- Identify slow-moving, overstocked, and out-of-stock items, and provide actionable recommendations to manage inventory flow.
- Develop and maintain inventory forecasting models using historical data, trends, and market demands.
- Conduct regular audits to ensure data accuracy in the inventory management system.
- Provide reports on key inventory metrics such as stock turnover, days of inventory, and reorder points.
- Product Analytics:
- Analyze product performance, including sales trends, profit margins, and product lifecycles, to drive decision-making.
- Track and report on key performance indicators (KPIs) related to product sales, including top-performing and underperforming items.
- Collaborate with product development, marketing, and procurement teams to evaluate product trends and suggest strategies to enhance product offerings.
- Assist in setting pricing strategies based on data analysis of product performance and market conditions.
- Data Reporting & Visualization:
- Create and maintain dashboards and reports to track inventory levels, product performance, and overall supply chain health.
- Present insights and recommendations to key stakeholders, including management, operations, and marketing teams.
- Provide ad-hoc data analysis as required by various departments.
- Process Improvement:
- Identify inefficiencies in inventory management processes and work with cross-functional teams to implement improvements.
- Suggest automation and technology solutions for inventory tracking and reporting.
- Stay updated on industry trends, inventory management tools, and analytics best practices.
Qualifications
- Education:
- Bachelor’s degree in Business, Supply Chain Management, Data Analytics, or a related field.
- Master’s degree is a plus.
- Experience:
2-5 years of experience in inventory management, product analytics, data analysis, or a similar role.
- Experience in retail, e-commerce, or manufacturing industries preferred.
- Technical Skills:
- Proficiency in Excel, SQL, and other data analysis tools (e.g., Python, R) is a plus.
- Experience with inventory management systems (e.g., SAP, Oracle, NetSuite) and product analytics platforms.
- Knowledge of data visualization tools (e.g., Power BI, Tableau, Looker).
- Key Competencies:
- Strong analytical and problem-solving skills.
- Excellent attention to detail and ability to work with large datasets.
- Effective communication skills, with the ability to present complex data in a clear and concise manner.
- Ability to work cross-functionally and collaboratively with various teams.
Benefits:
- Competitive salary and benefits package.
- Opportunities for professional growth and development.
Subodh Popalwar
Software Engineer, Memorres
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Follow CutshortSubodh Popalwar
Software Engineer, Memorres