Store Inventory Data Analyst Job at CoKitchen
CoKitchen, a virtual foodcourt is recruiting to fill the position below:
Job Position: Store Inventory Data Analyst
Job Location: Lekki, Lagos
Employment Type: Full-time
Our mission: To feed Africa, then the world
Core values: Growth, Love, Accountability, Sacrifice, and Teamwork
- The Store Inventory Data Analyst is responsible for analyzing and interpreting store inventory data to provide insights and recommendations that optimize inventory management and drive operational efficiencies.
- This role involves gathering, cleaning, and analyzing large sets of data from various sources, identifying trends, and communicating findings to stakeholders.
- The Store Inventory Data Analyst collaborates with cross-functional teams to develop strategies and implement data-driven solutions to improve inventory accuracy, reduce stockouts, and maximize sales.
- Collect, organize, and clean large volumes of inventory data from multiple sources, ensuring data integrity and accuracy.
- Conduct statistical analysis and data mining techniques to identify patterns, trends, and correlations within inventory data.
- Collaborate with the supply chain team to determine optimal inventory targets based on demand forecasts and sales data.
- Identify slow-moving or obsolete inventory and provide recommendations for markdowns, promotions, or inventory liquidation.
- Monitor and track inventory performance metrics, such as inventory turnover, stockouts, and fill rates, and propose strategies for improvement
- Perform root cause analysis to identify factors impacting inventory levels, stockouts, and excess inventory.
- Utilize advanced Excel functions, statistical software, and data visualization tools to analyze and present data in a clear and actionable format.
- Develop and maintain inventory forecasting models to optimize inventory levels and reduce holding costs.
- Collaborate with the tech team to develop automated inventory reporting tools and streamline data collection and analysis processes.
- Identify opportunities to streamline inventory management processes and drive operational efficiencies.
- Prepare regular inventory reports, dashboards, and presentations for management and stakeholders, highlighting key findings and actionable insights.
- Present data-driven recommendations to cross-functional teams, including store operations, supply chain, and finance, to improve inventory management practices.
- Develop and implement inventory control policies, procedures, and best practices to ensure accurate and timely inventory data.
- Stay updated with industry trends, emerging technologies, and best practices in inventory management and data analysis.
- Minimum of HND in Business Analytics, Statistics, Supply Chain Management, or a related field. Master's degree is a plus.
- Proven experience as a data analyst or business analyst, preferably in inventory management or retail operations.
- Excellent communication and presentation skills to effectively convey complex data findings to both technical and non-technical stakeholders.
- Detail-oriented with a focus on data accuracy and integrity.
- Proficient in data analysis tools such as Excel, SQL, Python,
- Strong analytical and problem-solving skills with the ability to manipulate and interpret complex data sets.
- Solid understanding of inventory management principles, forecasting techniques, and supply chain processes.
- Ability to work independently and collaboratively in a fast-paced, deadline-driven environment.
- Strong organizational skills with the ability to prioritize and manage multiple projects simultaneously.
Method of Application
Interested and qualified candidates should send their CV to: Danielle@getfoodcourt.com using the Job Position as the subject of the email.
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