Inventory Analyst/ Specialist
2 - 3 yrs
₹3.5L - ₹4.5L / yr
Indore
Skills
Microsoft Excel
MS-Word
SQL server
Communication Skills
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.
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About Avalon Solution
Founded :
2005
Type :
Services
Size :
100-1000
Stage :
Profitable
About
Avalon Solution is a Web Services company offering Turnkey ECommerce Solutions for the Independent Jewelry Retailers. We offer services in partnership with market leaders to launch Brick & Mortar Jewelry Businesses and Brands to the World Wide Web and help Independent Jewelry Retailers to capitalize on the most cost-effective marketing channel.
Avalon Solution makes it easy for Prospective Customers to find and connect with their Independent Retail Jeweler online and browse their jewelry collection 24/7. At the same time it enables the Retail Jeweler to serve their Customers beyond the limits of time and place, so that they can grow their business & build their brand. Avalon's comprehensive turnkey online services and support program sets it apart from its competitors.
Avalon utilizes the latest developments in technology, digital imaging, jewelry styling and fashion to help jewelers extend their businesses online by offering end-to-end ECommerce Solutions customized to suit their specific needs. Over time, Avalon has earned its reputation for innovative technology and unparalleled customer service and support.
For More Information on how Avalon can Launch Your Website and Grow Your Brand, please Call us at 917-338-6825, 800-622-2744 or visit www.AvalonSolution.com
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