Store Inventory Data Analyst at CoKitchen

CoKitchen, a virtual foodcourt is recruiting to fill the position below:

Job Title: Store Inventory Data Analyst

Location: Lekki, Lagos
Employment Type: Full-time
Our mission: To feed Africa, then the world
Core values: Growth, Love, Accountability, Sacrifice, and Teamwork

Job Summary

• 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.

Key Responsibilities

• 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.
• 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 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
• 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.
• 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.
• 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.

Requirements

• 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.
• 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.
• 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.
• 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.

Application Closing Date
2nd June, 2023.

How to Apply
Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the email.