Store Inventory Data Analyst at FoodCourt

Job Summary

• The Store Inventory Data Analyst is responsible for analyzing and interpreting store inventory data to provide insights and recommendations that optimize inventory management and drive operational efficiencies.
• This role involves gathering, cleaning, and analyzing large sets of data from various sources, identifying trends, and communicating findings to stakeholders.
• The Store Inventory Data Analyst collaborates with cross-functional teams to develop strategies and implement data-driven solutions to improve inventory accuracy, reduce stockouts, and maximize sales.

Key Responsibilities

• Collect, organize, and clean large volumes of inventory data from multiple sources, ensuring data integrity and accuracy.
• Conduct statistical analysis and data mining techniques to identify patterns, trends, and correlations within inventory data.
• Perform root cause analysis to identify factors impacting inventory levels, stockouts, and excess inventory.
• Utilize advanced Excel functions, statistical software, and data visualization tools to analyze and present data in a clear and actionable format.
• Develop and maintain inventory forecasting models to optimize inventory levels and reduce holding costs.
• Collaborate with the supply chain team to determine optimal inventory targets based on demand forecasts and sales data.
• Identify slow-moving or obsolete inventory and provide recommendations for markdowns, promotions, or inventory liquidation.
• Monitor and track inventory performance metrics, such as inventory turnover, stockouts, and fill rates, and propose strategies for improvement
• Prepare regular inventory reports, dashboards, and presentations for management and stakeholders, highlighting key findings and actionable insights.
• Present data-driven recommendations to cross-functional teams, including store operations, supply chain, and finance, to improve inventory management practices.
• Collaborate with the tech team to develop automated inventory reporting tools and streamline data collection and analysis processes.
• Identify opportunities to streamline inventory management processes and drive operational efficiencies.
• Develop and implement inventory control policies, procedures, and best practices to ensure accurate and timely inventory data.
• Stay updated with industry trends, emerging technologies, and best practices in inventory management and data analysis.

Requirements

• Minimum of HND in Business Analytics, Statistics, Supply Chain Management, or a related field. Master's degree is a plus.
• Proven experience as a data analyst or business analyst, preferably in inventory management or retail operations.
• Proficient in data analysis tools such as Excel, SQL, Python,
• Strong analytical and problem-solving skills with the ability to manipulate and interpret complex data sets.
• Solid understanding of inventory management principles, forecasting techniques, and supply chain processes.
• Excellent communication and presentation skills to effectively convey complex data findings to both technical and non-technical stakeholders.
• Detail-oriented with a focus on data accuracy and integrity.
• Ability to work independently and collaboratively in a fast-paced, deadline-driven environment.
• Strong organizational skills with the ability to prioritize and manage multiple projects simultaneously.