Inventory Analyst

1. Inventory Monitoring and Control

• Monitor inventory levels, stock movements, receipts, transfers, and issuances.
• Ensure inventory records are accurate, complete, and updated on a timely basis.
• Monitor fast-moving, slow-moving, damaged, and obsolete inventory.
• Identify potential stock shortages, overstocking, and inventory risks.
• Maintain proper inventory documentation and supporting records.

2. Inventory Reconciliation

• Conduct regular reconciliation of physical inventory against system records.
• Investigate and resolve inventory discrepancies and variances.
• Coordinate with warehouse personnel regarding discrepancies in stocks.
• Assist in conducting regular physical inventory counts and stock audits.
• Document findings and recommend appropriate corrective actions.

3. Data Analysis and Reporting

• Analyze inventory data, trends, and stock movement.
• Prepare daily, weekly, and monthly inventory reports.
• Generate reports on inventory variances, stock levels, aging, and movement.
• Provide accurate inventory data and analysis to management.
• Identify trends and recommend improvements to inventory control processes.

4. Coordination and Operations Support

• Coordinate with Warehouse, Purchasing, Accounting, and Operations departments regarding inventory concerns.
• Monitor inventory requirements and assist in maintaining appropriate stock levels.
• Verify inventory transactions and supporting documents.
• Assist in ensuring timely recording of inventory receipts, transfers, and releases.
• Provide recommendations to improve inventory accuracy and operational efficiency.

5. Inventory Policies and Process Improvement

• Ensure compliance with company inventory policies and procedures.
• Assist in developing and improving inventory control systems and processes.
• Recommend measures to minimize inventory losses, discrepancies, and unnecessary costs.
• Maintain confidentiality and integrity of inventory-related information.