Inventory Analyst - Remote Job for Online Stores

Job SummaryThe Elite Job is seeking a detail-oriented and analytical Inventory Analyst to join our dynamic team remotely. The successful candidate will play a crucial role in managing and optimizing inventory processes for various online stores. This position involves analyzing inventory data, forecasting demand, coordinating with procurement and sales teams, and ensuring optimal stock levels to meet customer demands efficiently. The ideal candidate will have a strong analytical mindset, excellent communication skills, and experience working with inventory management systems in e-commerce environments.Key Responsibilities• * Monitor and analyze inventory levels, sales trends, and order patterns to optimize stock availability and minimize excess inventory. • * Collaborate with procurement, sales, and warehouse teams to ensure accurate inventory planning and timely replenishment. • * Generate detailed reports and dashboards on inventory performance, including turnover rates, stock-outs, and aging stock. • * Conduct root cause analysis of inventory discrepancies and work on corrective actions. • * Support demand forecasting and assist in setting inventory targets based on historical data and market trends.• * Maintain accurate records of inventory transactions and ensure data integrity in inventory management systems. • * Assist in the development and implementation of inventory control procedures to improve efficiency and accuracy. • * Stay updated with industry best practices and recommend process improvements to reduce costs and enhance service levels. • Required Skills and Qualifications• * Bachelors degree in Business, Supply Chain Management, Logistics, Finance, or a related field. • * Proven experience as an Inventory Analyst, Inventory Planner, or similar role, preferably in e-commerce or retail sectors.• * Strong proficiency in inventory management software (e.g., SAP, Oracle, NetSuite) and advanced MS Excel skills (pivot tables, VLOOKUP, macros). • * Excellent analytical skills with the ability to interpret complex data and generate actionable insights. • * Strong organizational skills and attention to detail. • * Effective communication and interpersonal skills for collaboration across teams. • * Ability to work independently in a remote environment while managing deadlines effectively. • Experience• * Minimum 2-4 years of relevant experience in inventory management, supply chain analytics, or operations planning.• * Experience working remotely or in a virtual team setting is a plus. • * Familiarity with online retail and e-commerce platforms is highly desirable. • Working Hours• * Full-time position with flexible working hours. • * Remote role with availability to coordinate with teams across different time zones if needed. • Knowledge, Skills, and Abilities• * Expertise in inventory control principles and demand forecasting techniques. • * Advanced data analysis and problem-solving skills. • * Proficient in ERP and inventory management systems.• * Ability to multitask and prioritize in a fast-paced, remote work environment. • * Strong self-motivation and discipline to work independently. • * Adaptability to changing business needs and technology platforms. • Benefits• * Competitive salary with performance-based incentives. • * Flexible remote working environment to promote work-life balance. • * Opportunity to work with a fast-growing company in the e-commerce sector. • * Access to professional development and training programs. • * Collaborative and inclusive company culture that values innovation and creativity.• * Health and wellness benefits (where applicable based on location). • Why JoinThe Elite Job? AtThe Elite Job, we believe in empowering our employees to reach their full potential by providing a supportive and flexible work environment. Join a forward-thinking company that values innovation, continuous learning, and diversity. Be part of a passionate team committed to excellence in serving top online retail clients worldwide. Your work will directly impact the success and efficiency of multiple online stores, giving you the chance to grow professionally while enjoying the benefits of remote work.Interested candidates are invited to submit their resume and a cover letter highlighting relevant experience and skills to us with the subject line Inventory Analyst Application – Remote. Please ensure your application clearly demonstrates your fit for this role, including specific examples of your experience with inventory analytics and remote work. Only shortlisted candidates will be contacted for the next steps. Apply tot his job