Inventory Analyst - Bernard Nickels & Associates : Job Details

Type: Contract

Start Date: 12/1/2024

End Date: 4/15/2025

Reason for Position: To cover for an employee going on a Leave of Absence (LOA).

Location: Port Washington, NY (HYBRID; In-Office 2 days per week)

Schedule: Monday-Friday, 9:00am-5:30pm (40 hours per week)

Pay Range: $32 to $37 per hour

Overview: The Inventory Analyst is responsible for contributing to profit and growth of all channels of trade of our global Eyewear client's Wholesale Division by supporting the planning, purchasing and maintenance of effective inventory levels. This role will mine data and produce reports, metrics and analysis to maximize return on investment for assigned channel of trades sales and inventory. It will also involve planning purchases and managing inventory to achieve financial objectives (e.g. maximizing sales potential, minimizing loss from phase-outs and stock-outs) and work closely with our client's Sales, Logistics, and Corporate Planning teams.

Responsibilities:

Projects inventory based on forecasted sales, planned purchases and other adjustments to provide Sales and Finance with data for capital analysis and budgeting.

Allocates inventory based upon the most urgent demand source

Prepares daily, weekly, and monthly analysis and reports as required.

Conducts and provides analysis of key performance indicators (KPIs) among level of stock and in transit quantities.

Monitors product flows from sources and provides visibility of future product availability.

Promotes and activates special actions to reduce obsolescence and excess inventory (Retail, one off sales, other subsidiaries).

Monitors fulfillment activities and proactively manages exceptions for inventory shortages and delays, including aging of inventory, which may occur.

Supports Inventory and Allocation team by taking existing reports and reducing the time to analyze the data through macros and queries.

Identifies issues that impact Operations/Allocation productivity and effectiveness. Identifies solutions.

Supports and assists project teams with data collection, analysis and presentation/reporting.

Researches backorder and out of stock issues, works with supply chain teams to correct.

Makes recommendations to maximize profitability and productivity.

Required Qualifications:

Bachelors Degree in Business Administration (OR Finance, Mathematics, Economics, Supply Chain)

2+ years of experience in similar roles

Robust quantitative approach to discussions

Strong analytical and mathematical skills to provide statistics and metrics

Ability to turn data into useful insights

Excellent PC skills including MS Office and SAP

Excel ability/aptitude to learn/create spreadsheets using advanced formulas (V-lookups, IF statements, pivot tables, macros)

Experience working on a legacy/enterprise database system and input and retrieve data

Database ability/aptitude to access reports, build and manipulate queries

Excellent communication skills and coordination capabilities

Ability to drive conversation and influence peers

Openness to change and confidence within both mature and non-mature environments

Able to work under high stress and tight deadlines

Preferred Qualifications:

Experience with Fashion sales cycles and department store buying practices

General understanding of the Fashion and Accessories industry

SAP AFS1 experience

Business Intelligence ability to create and update intelligence reports (Business Objects)