Inventory Strategy Coordinator

Opticall BPO was founded in 2016 under one single precept, to become the leading organization in the Business Process Outsourcing Industry. Opticall is rapidly becoming one of the fastest growing BPOs, developing tremendous career opportunities, attractive compensation & benefit packages for our talented members in the countries where it operates.

With over +15 support departments such as Merchandising, Marketing, Accounting & Finance, Human Resources, Call Center, IT, Operations and many more, Opticall BPO offers a rewarding work environment, professional development, job stability, and once in a lifetime journey. We are happy to celebrate our success and include you in it.

Summary/Objective:

The Inventory Strategy Coordinator will be responsible for analyzing inventory data to identify trends, forecast demand and areas of improvement proposing strategies for inventory efficiencies and operational processes, reduce stockouts and overstock situations, and maximize profitability. The Inventory Strategy Coordinator will work closely with the vendors, the stores and cross-functional teams.

I. Responsibilities:

Inventory Data Analysis:

• Collect, clean, and analyze large datasets related to inventory levels, sales trends, demand patterns, lead times, and supplier performance.
• Develop and maintain inventory performance reports, dashboards, and key performance indicators (KPIs).
• Identify trends, anomalies, and opportunities for inventory optimization through data analysis.

Demand Forecasting Support:

• Assist in the development and refinement of demand forecasting models and processes.
• Analyze historical sales data, seasonality, promotional activities, and other factors to improve forecast accuracy.

Inventory Strategy Development:

• Contribute to the development and implementation of inventory management strategies, including setting target inventory levels, safety stock calculations, and replenishment parameters.
• Analyze the impact of different inventory strategies on key metrics such as fill rates, inventory turnover, and carrying costs.
• Develop recommendations for optimizing inventory deployment across different retail locations.

Supply Chain Analysis:

• Analyze lead times, supplier reliability, and other supply chain factors impacting inventory availability.
• Identify potential risks and opportunities within the supply chain and propose mitigation strategies.

Performance Monitoring and Reporting:

• Monitor inventory performance against established targets and KPIs.
• Identify and analyze variances, providing insights and recommendations for corrective actions.
• Prepare regular and ad-hoc reports on inventory levels, performance, and strategic initiatives.

Collaboration and Communication:

• Collaborate effectively with vendors and distribution teams to align inventory strategies with overall business objectives.
• Communicate analytical findings and recommendations clearly and concisely to stakeholders.
• Participate in cross-functional meetings to discuss inventory performance and strategic initiatives.

Process Improvement:

• Identify opportunities to improve inventory management processes and tools.
• Contribute to the development and documentation of best practices and standard operating procedures.

II. Education and Experience:

• Bachelor's degree in Supply Chain Management, Business Administration, Economics, Statistics, or a related quantitative field.
• Minimum of 2 years of experience in inventory analysis, supply chain analysis, or a related analytical role, preferably within a retail environment.

III. Skills/ Qualifications:

• Strong analytical and problem-solving skills with the ability to interpret complex data and draw actionable insights.
• Proficiency in data analysis tools and software, particularly Microsoft Excel (advanced skills required). Experience with, Tableau, Power BI is a plus.
• Solid understanding of inventory management principles and techniques (e.g., EOQ, safety stock, forecasting).
• Experience with demand forecasting methodologies and tools.
• Excellent communication (written and verbal) and presentation skills.
• Ability to work independently and as part of a team.
• Strong organizational and time management skills with the ability to manage multiple tasks and deadlines.
• Detail-oriented with a high degree of accuracy.