SCOPE AND GENERAL PURPOSE OF JOB
- As a Warehouse Stock Analyst at City Walk Limited, you will play a crucial role in managing and optimizing the inventory within our retail warehouse operations. Your responsibilities will encompass a wide range of tasks related to inventory control, analysis, and reporting to ensure the efficient and accurate flow of goods through our supply chain.
DUTIES AND RESPONSIBILITIES
Stock analyst should be able to execute the following:
- Report on sales contribution within the departments/ Categories and across the business considering best and worst sellers
- Stock and sales report – checking on how efficient replenishment and allocations to stores are being done
- Stock trends by store report – checking on historical sales and apple to apple comparison between days/weeks/months & years
- Individual store chart report – monitors the individual stock sales position of a store on weekly and bi-weekly basis
- 80-20 sales report – checks on stores and categories to identify booster stores and key categories to never miss out on
- Sell out rate report – check on how fast the products are moving within a store to ascertain replenishment, marketing and regrouping decisions
- Stock composition report by category and sub category by store – checks at the merchandise mix to ascertain running and cut sizes in a store
- Support the team at the branches to deliver on proper stock management which intern improves on sales
Inventory Analysis:
- Monitor inventory levels, trends, and demand patterns to identify potential issues and opportunities for improvement.
- Conduct regular stock audits and cycle counts to maintain inventory accuracy.
- Analyse slow-moving and obsolete items and recommend appropriate actions.
Demand Forecasting:
- Collaborate with the branch level teams to create accurate demand forecasts.
- Adjust inventory levels based on sales trends, seasonality, and promotional activities.
Replenishment Planning:
- Determine reorder points and reorder quantities for various products to prevent stockouts and overstock situations.
- Coordinate with procurement to ensure timely and efficient replenishment of stock.
Reporting and Data Analysis:
- Generate and distribute regular reports on inventory performance, stock levels, and key performance indicators (KPIs).
- Utilize data analytics tools and software to identify opportunities for process improvement.
Process Improvement:
- Identify opportunities to streamline warehouse processes and reduce operational costs.
- Implement best practices to optimize stock handling and storage.
Collaboration:
- Work closely with warehouse staff, inventory managers, and branch level teams to achieve inventory-related goals.
- Participate in regular meetings to provide insights and updates on stock-related matters.
Compliance and Quality Control:
- Ensure compliance with company policies and procedures related to inventory management.
- Monitor product quality and integrity to prevent damaged or expired stock.
QUALIFICATIONS:
- Bachelor’s degree in Procurement, Supply Chain Management, or related field.
- Proven experience of 3-4 years in inventory control, stock analysis or related roles in a retail or warehouse setting.
- Proficiency in using inventory management software and Microsoft Excel.
- Strong analytical and problem-solving skills.
- Excellent organizational and attention to detail.
- Effective communication and collaboration skills.
- Ability to adapt to a fast-paced, ever-changing retail environment.
