jazzhr
Inventory Analyst
CWD
Niagara Falls, CAN
Full-time
Mid · 3+ years experience
Onsite
CAD 60000-70000 yearly / year
Discovered 1 weeks ago
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Key Skills for This Role
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- Utilize historical data, market trends, and sales projections to forecast inventory levels accurately
- Monitor inventory turnover rates and adjust forecasts accordingly to optimize inventory levels
- Process vendor invoices in a timely manner and ensure payments are made according to terms and agreements
- Compile data from multiple sources and utilize advanced Excel functions to analyze inventory data, generate reports, and identify trends or anomalies
- Ensure accurate and up-to-date data entry in the ERP system to facilitate efficient inventory tracking and reporting
- Collaborate with the Warehouse team to coordinate flow of goods
- Develop and maintain positive relationships with vendors to facilitate smooth communication and transactions
- Resolve discrepancies between physical and inventory and records and investigate and resolve issues with damaged or missing inventory
- Recommend changes to current inventory policies and procedures
- Conduct analysis of product viability to identify trends, recommend solutions, and support decision-making
- Develop and present financial plans, forecasts, and reports to senior management using Excel spreadsheets
- Analyze gross margins by division, category, and item and compare to what has been forecasted
- Conduct research and monitor real time trends on economic indicators such as fluctuation on foreign exchange rates and market trends
- Identify opportunities to reduce costs by recommending process improvements
- Prepare and present insightful reports on inventory performance, margin analysis, and other key metrics to support decision-making
- Undertake related duties as assigned to achieve the company objectives and goals
- College diploma or university degree in Business Administration, Accounting, Economics, or a related field
- Three (3) years of inventory management and forecasting experience
- Two (2) years of financial analysis experience
- Experience extracting data from an ERP system
- Experience working with freight forwarders considered an asset
- Proficiency using Microsoft Office
- Advanced Microsoft Excel knowledge (XLOOKUP, Pivot Tables, IF Statements, Macros)
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