5 Inventory Analyst Jobs in Irvine, CA
La Jolla Group is Hiring an Inventory Analyst Near Irvine, CA
Our team enjoys flexibility with a hybrid schedule of in-office and remote work. We offer awesome discounts on our clothing brands, early release Fridays (2:00pm), occasional employer provided lunches, year-round fun events as well as a full benefits package! We believe our employees are our strongest asset and invest in their growth by focusing on developing their strengths.
General SummaryLa Jolla Group is seeking an Inventory Analyst to join our dynamic Planning & Analytics team. This role will play a central role in identifying and executing inventory optimization strategies via velocity segmentation and channel allocation. You’ll use your analytical skills to create inventory classifications based on SKU sales velocity profile and identify optimal channel allocation. You’ll then use your communication and influencing skills to confidently summarize your findings and collaboratively implement action plans that will maximize return on inventory. If this describes you, we’d love to hear from you!
Essential Job Functions
- Inventory Velocity Segmentation (40%)
- Analyze sales velocity trends, future order file characteristics, product lifecycles, and inventory volume to optimize warehouse inventory slotting by season and channel.
- Communicate inventory slotting profile to distribution center partners and provide additional analytical support required to achieve optimal SKU location strategies.
- Forecast the impact of promotional events on SKU velocity segmentation and communicate to distribution center partners.
- Inventory Allocation (40%)
- Identify potential inventory and sales risks by analyzing SKU sales velocity by channel relative to channel inventory ownership.
- Develop action plans to manage risks by defining SKU lifecycle progression (full price > markdown > liquidation) and channel inventory allocation plans.
- Secure buy-in from key stakeholders for inventory allocation action plans.
- Ensure effective execution of action plans to minimize excess inventory and maximize margin.
- Data Management / Support (20%)
- Collaborate with Planners to maintain accurate projections of future inventory purchase and flow.
- Maintain inventory related reports in support of S&OP and other reporting channels across the organization.
- Deliver actionable insights from data analysis to support various business goals through ad hoc requests.
- Advanced Excel and data management skills (lookups, pivot tables, nested functions, etc.)
- Confidence calculating and interpreting inventory metrics: months of supply, inventory turn, sell through, etc.
- Ability to leverage data insights to recommend and implement effective inventory allocation strategies.
- Excellent written and verbal communication skills to present findings and secure stakeholder buy-in.
- Ability to manage and prioritize multiple project timelines while ensuring high quality work.
- Ability to quickly adapt tactical execution in response to changing business dynamics.
- Ability to thrive in a hybrid working environment through open communication and self-discipline.
- Apparel industry experience a plus.
- 3-5 years of experience in a seasonal multi-channel business environment.
- Bachelor’s degree in Business, Economics, Statistics, Supply Chain, or equivalent field
Hearing: Must be able to hear well enough to communicate with customers, vendors and employees.
Climbing/Stooping/Kneeling: Must be able to stoop or kneel to pick up products.
Lifting/Pulling/Pushing: Must be able to lift up to 10 pounds.
Fingering/Grasping/Feeling: Must be able to type and use technical sources.La Jolla Group provides equal employment opportunities to all qualified individuals without regard to race, color, religion, sex, gender identity, sexual orientation, pregnancy, age, national origin, physical or mental disability, military or veteran status, genetic information, or any other protected classification. Equal employment opportunity includes, but is not limited to, hiring, training, promotion, demotion, transfer, leaves of absence, and termination. La Jolla Group takes allegations of discrimination, harassment, and retaliation seriously and will promptly investigate when such behavior is reported.
Note: The statements herein are intended to describe the general nature and level of work being performed, but are not to be seen as a complete list of responsibilities, duties, and skills required of personnel so classified. Also, they do not establish a contract for employment and are subject to change at the discretion of the employer.
Job Summary
Full Time
$73k-93k (estimate)
07/03/2024
07/31/2024
The following is the career advancement route for Inventory Analyst positions, which can be used as a reference in future career path planning. As an Inventory Analyst, it can be promoted into senior positions as a Supplier Inventory Senior Analyst that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Inventory Analyst. You can explore the career advancement for an Inventory Analyst below and select your interested title to get hiring information.
If you are interested in becoming an Inventory Analyst, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become an Inventory Analyst for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Inventory Analyst job description and responsibilities
Align all storage strategies with seasonal demand.
03/23/2022: Dallas, TX
Controls inventories of raw materials and finished goods.
03/16/2022: Richland, WA
Inventory Analyst works across departments to monitor inventory levels with expected Customer demand.
02/18/2022: Alexandria, LA
This role will maintain accurate, real-time records of all inventory as well as accurate tracking of the COGS.
02/11/2022: Florence, SC
Ensure all accounting activities are completed with the highest level of control and integrity.
03/24/2022: Los Angeles, CA
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Inventory Analyst jobs
These analysts also have excellent mathematical and analytical skills.
01/28/2022: Poughkeepsie, NY
Strong written and oral communication skills.
04/12/2022: Anchorage, AK
Keep customers up-to-date with shipping and product replenishment alerts.
01/23/2022: Florence, AL
Comfortable in a rapidly changing environment.
04/07/2022: Passaic, NJ
Ability to successfully work independently.
04/08/2022: Rochester, NY
Step 3: View the best colleges and universities for Inventory Analyst.
Similar Jobs
Popular Articles
