Replenishment Analyst

Responsibilities

• Support the monitoring and analysis of sales trends, inventory levels, and customer demand to identify patterns and assist in accurate demand forecasting.
• Aid in developing and implementing replenishment strategies to optimize inventory levels, minimize stockouts, and maximize sales.
• Collaborate with cross-functional teams, including merchandising, procurement, and supply chain, to ensure timely product replenishment and maintain appropriate stock levels.
• Assist in reviewing and adjusting inventory parameters, such as reorder points, lead times, and safety stock levels, based on demand forecasts and historical data.
• Contribute to regular inventory audits to identify discrepancies, analyze root causes, and support the implementation of corrective actions to improve accuracy and minimize shrinkage.
• Communicate with vendors and suppliers to monitor their performance and assist in resolving any product availability or quality issues.
• Generate reports and provide insights on key performance metrics, including sales, inventory turnover, and forecast accuracy.
• Participate in ongoing evaluation and improvement of replenishment processes and systems to enhance efficiency and reduce costs.
• Stay updated on industry trends, market conditions, and emerging technologies to identify opportunities for process improvement and innovation.
• Train and share knowledge with junior team members, fostering a culture of continuous learning within the team.
• Provide friendly, proactive, and professional internal and external support to others, assisting with inquiries, concerns, and issues promptly and effectively.

Qualifications

• At least 2 years of relevant experience and a bachelor’s degree or equivalent combination of experience and education.
• Strong understanding of supply chain principles, including demand forecasting, inventory control, and replenishment strategies.
• Excellent negotiation and conflict resolution skills.
• Demonstrated ability to adapt in a fast-paced environment.
• Strong analytical and problem-solving skills.
• Excellent organizational skills and attention to detail.
• Proficiency with Microsoft Office Suite or related software.
• Proficiency with or the ability to quickly learn Oracle ERP System.
• Comfortable navigating computer systems and software to assist customers or manage activities.
• Excellent verbal and written interpersonal and communication skills.
• Excellent customer service skills.