Replenishment analyst Job Description
Replenishment analyst Job Description Template
A Replenishment Analyst oversees inventory management, ensuring optimal stock levels through data analysis and forecasting. Responsibilities include monitoring sales trends, predicting demand, and coordinating with suppliers to prevent stockouts or overstocking.
Responsibilities:
- Analyze inventory levels and develop replenishment strategies to ensure optimal product availability
- Collaborate with suppliers to maintain accurate and timely delivery of products
- Monitor sales trends and adjust inventory levels accordingly
- Track and report on key performance metrics, such as inventory turnover and stock-outs
- Provide recommendations to management on product mix and inventory stocking levels
- Identify and troubleshoot inventory discrepancies and work with cross-functional teams to resolve them
- Utilize inventory management systems and software to streamline processes and improve efficiency
- Stay up-to-date on industry trends and best practices in replenishment and inventory management
Requirements:
- Bachelor's degree in supply chain management, logistics, business administration or related field.
- Minimum 2 years' experience in inventory management, demand planning or replenishment analysis.
- Strong analytical and problem-solving skills with ability to identify trends and patterns in data.
- Proficient in Microsoft Excel and other data analysis tools.
- Excellent communication and interpersonal skills to collaborate with cross-functional teams.
- Ability to work independently, prioritize tasks and manage time effectively in a fast-paced environment.
- Knowledge of ERP systems, such as SAP, and inventory management software.
- Understanding of supply chain processes and key performance indicators (KPIs) related to inventory management and replenishment.
