Inventory Analyst

1 week ago

Pune, Maharashtra, India Wipro Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Role & responsibilities

  • Collaboration for product life cycle within functions
  • Demand Forecasting: Read and analysis and updating of demand forecasts
  • Inventory Management: Understand concept and make business decision on inventory management for seasons
  • Data Interpretation: Utilize Tableau to generate and interpret exception reports for inventory management
  • Trend Analysis: Be part of weekly projections on moving parts for analysis on Inventory planning
  • Performance Review: Analyze the Demand Analysis report to assess sales trends and item performance, making strategic recommendations for future media and marketing initiatives.
  • Operational Efficiency: Review & Evaluate stock levels to provide insights on backorders, cancellations, etc.
  • Cross-Departmental Coordination: Collaborate with the production department on reorder placements, actively monitoring purchase order (PO) shipping statuses and delivering timely updates to senior management.
  • Backorder Management: Track and prioritize top backorder and anticipated backorder items
  • Overstock Strategy: Identify overstocks and develop actionable strategies & inputs of promotions
  • Liquidation Oversight: Maintain overstock disposition codes and identify end-of-season overstocks as reporting
  • KPI Achievement: Drive efforts to meet service KPI goals related to backorders and cancellations

Preferred candidate profile:

  • Ability to learn and understand demand forecasting concepts and apply knowledge on the job with strong analytical skills.
  • Ability to effectively operate in a fast-paced, business-decision driving analytical environment.
  • Ability to demonstrate intermediate skill level in MS Excel, including formulating pivot tables, if statements, VLOOK statements, etc.
  • Passionate about working with business partners to identify opportunities, driving business decisions with data and analysis.
  • Proactive, self-directed, strategic, and tactical with an intellectual curiosity for analyzing and interpreting information.
  • Strong communication skills with the ability to interact collaboratively and influence others without authority.
  • Functional knowledge of Inventory Management principles and KPIs of OTB, sell through and inventory turn rates, COGS variance, WOS, etc.

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