Inventory Analyst/ Specialist

Summary/Objective:

We are seeking a talented Inventory Analyst with expertise in inventory management and a strong understanding of the jewelry industry. The ideal candidate will excel in optimizing inventory operations, managing stock levels, and integrating product and design knowledge to align inventory strategies with business goals.

Responsibilities:

• Apply advanced inventory management techniques for analyzing stock levels, demand patterns, and inventory turnover rates.
• Develop and maintain accurate inventory forecasting models to optimize inventory levels based on predicted future demand.
• Collaborate with the procurement team to coordinate replenishment orders, maintaining optimal inventory levels while minimizing excess and carrying costs.
• Conduct regular inventory audits and cycle counts to ensure data accuracy, promptly identifying and resolving discrepancies.
• Monitor and analyze sales trends, seasonality, and product performance for informed decisions on inventory allocation and assortment planning.
• Implement inventory control policies to mitigate risks, prevent stock-outs, and address potential inventory obsolescence.
• Generate insightful reports and key performance indicators (KPIs) to track inventory performance, presenting findings to management stakeholders.
• Collaborate with sales, marketing, and product development teams to align inventory strategies with business objectives and product lifecycle management.
• Stay informed about industry trends, market dynamics, and emerging technologies to enhance inventory management practices.
• Serve as a subject matter expert on inventory management best practices, offering guidance and support to internal stakeholders as needed.
• Leverage knowledge of jewelry products, materials, and designs to ensure inventory strategies meet industry-specific demands and customer preferences.

Qualifications/Requirements:

Education:

• Bachelor's degree in Business Administration, or a related field.

Experience:

• Minimum of 3 years of experience in inventory management.
• Proficiency in inventory management software.
• Advanced proficiency in Microsoft Excel.
• Experience in the jewelry industry is highly preferred.

Skills:

• Strong analytical skills, proficient in interpreting complex data sets to derive actionable insights.
• In-depth understanding of jewelry manufacturing processes, product lifecycle management, and design trends.
• Excellent organizational and multitasking abilities, demonstrating a keen attention to detail and accuracy.
• Effective communication and interpersonal skills, with the ability to collaborate cross-functionally and influence key stakeholders.
• Proven track record of implementing successful inventory optimization strategies and improving inventory performance metrics.
• Ability to thrive in a fast-paced, dynamic environment, adapting quickly to changing priorities and business needs.