Job Detail

Bachelor’s degree

Min 3 years of experience in similar industry as Inventory Manager

The Inventory Manager in retail will be responsible for managing inventory levels, ensuring stock availability, and optimizing inventory control processes to minimize costs and maximize sales. They monitor inventory, order new stock, coordinate with suppliers, and analyze sales data to forecast demand and optimize replenishment strategies.

Key Responsibilities:

• Overseeing all aspects of inventory, including monitoring stock levels, ordering new stock, and managing returns.
• Implementing and maintaining systems for accurate inventory tracking and control, including audits and cycle counts.
• Working with suppliers to ensure timely deliveries and negotiate favourable terms.
• Analyzing sales data to forecast demand, identify trends, and optimize inventory levels.
• Using data and predictive analytics to anticipate future demand and adjust inventory accordingly.
• Developing and implementing efficient replenishment strategies to minimize stockouts and overstocking.
• Optimizing warehouse layout and organization for efficient storage and retrieval of inventory.
• Utilizing inventory management software and systems to track inventory levels, manage stock movements, and generate reports.
• Conducting regular inventory audits and cycle counts to ensure accuracy and identify discrepancies.
• Identifying and implementing cost-saving measures to minimize inventory-related expenses.
• In larger roles, managing and training inventory personnel, including warehouse staff and inventory clerks.
• Communicating with other departments, such as sales and operations, to coordinate inventory and logistics.
• Identifying and resolving inventory-related problems, such as shortages, overstocking, or discrepancies.