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Inventory Lead (Business Analysis) at Elvaridah

ElvaridahLagos, Nigeria Data and Artificial Intelligence
Full Time
Elvaridah is a Business Development Company with the primary objective of working with businesses and business owners to start up their businesses, improve, differentiate or expand already existing ones.

  • The Inventory Lead (Business Analysis) will oversee the management and analysis of inventory levels, ensuring optimal stock levels to meet customer demands while minimizing costs.
  • This role requires a deep understanding of inventory management principles and extensive experience in the retail industry.

Key Responsibilities:

Inventory Management:

  • Oversee daily inventory operations to ensure accuracy and efficiency.
  • Develop and implement inventory control procedures.
  • Monitor inventory levels and reorder stock as necessary to maintain optimal levels.

Data Analysis:

  • Analyze inventory data to identify trends, variances, and opportunities for improvement.
  • Generate and interpret reports on inventory metrics, including turnover rates, stock levels, and forecasting accuracy.
  • Use data to drive strategic decisions and improve inventory processes.

Demand Forecasting:

  • Collaborate with sales and marketing teams to forecast demand and plan inventory accordingly.
  • Utilize advanced forecasting techniques to predict future inventory needs.
  • Adjust inventory strategies based on market trends and sales data.

Supplier Management:

  • Establish and maintain relationships with suppliers.
  • Negotiate terms and conditions to ensure favorable pricing and delivery schedules.
  • Monitor supplier performance and address any issues that arise.

System Management:

  • Utilize inventory management software and tools to track and manage inventory.
  • Ensure data integrity within the inventory management system.
  • Train staff on the use of inventory management systems and processes.

Process Improvement:

  • Identify inefficiencies in inventory processes and implement improvements.
  • Lead initiatives to enhance inventory accuracy and reduce waste.
  • Stay current on industry best practices and incorporate them into inventory management strategies.

Team Leadership:

  • Supervise and mentor inventory staff, providing guidance and support.
  • Conduct performance evaluations and provide feedback to team members.
  • Foster a culture of continuous improvement and accountability within the inventory team.

Qualifications:

  • Education: Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
  • Experience: Minimum of 4 years of experience in inventory management, with at least 3 years in the retail industry.

Skills:

  • Strong analytical and problem-solving skills.
  • Proficiency in inventory management software and tools.
  • Excellent communication and interpersonal skills.
  • Ability to work collaboratively with cross-functional teams.
  • Strong organizational and time-management skills.

Method of Application

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