Inventory Analyst

II. SPECIFIC DUTIES AND RESPONSIBLITIES:

INVENTORY MANAGEMENT

• Oversee and manage inventory levels to ensure optimal stock of imported products.
• Monitor aging items to identify slow-moving stock and recommend actions (e.g., company-initiated clearance Activities like Mardi Gras, bulk orders etc).
• Provide insights and recommendations to improve inventory turnover and reduce holding costs.
• Monitor merchandise sell through and recommend items subject for re-order
• Prepare weekly inventory report, identifying sell thru and inventory level of merchandise
• Identify product SKUs that are slow moving, recommend which items are for client re-order, for sale events, e-commerce, or for employee sale
• Inventory Accuracy- Assess the accuracy of inventory counts in the SAP system compared to actual stock levels. High accuracy indicates effective inventory audits.
• Day to day coordination with warehouse department for updates on inventory movement and deliveries.
• Regular warehouse visits, at least once a week for random inventory inspection checking if actual stocks match stock levels from system.
• Communicate effectively with cross-functional teams to coordinate activities and share insights in terms of deliveries, inventory movement and documentations
• Secure and manage shared file folder of Receiving reports, delivery receipts, purchase order and invoices.

MERCHANDISING

• Return Rate to Vendor (RTV)- Monitor the percentage of items returned to vendors due to defects or wrong orders, aiming for a low return rate.
• Monitor re-delivery of items from RTV recovery, collaborate with Supply Chain & Warehouse to ensure good items are sold back to clients.
• Assist the Brand Marketing Manager in preparation of sampling / buying schedules of client
• Coordinates inventory of samples with the support team
• Close collaboration with Support Team, Merchandising, Accounting and Warehouse Department on a day-to-day basis

DATA ANALYTICS

• Analyze and report data of inventory & delivery fulfillment to the Brand Marketing team
• Develop and maintain dashboards and reports to track team performance on PO fulfillment rate, stock levels and re-order forecast
• Prepare clear and impactful presentations using Microsoft PowerPoint/Canva to communicate findings and recommendations to the Brand Marketing Manager.
• Collaborate with the Brand Marketing team to identify trends, risks, and opportunities based on data analysis.
• Ensure data accuracy and consistency across all reports and dashboards.
• Continuously improve data collection and reporting processes to enhance efficiency and effectiveness.
• Prepares sales report from time to time, in support to Brand Manager for business review & client meetings
• Must be flexible in accepting assignments and directions, each of which can change to meet the needs of the business at any time.