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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