Inventory Management Specialist

Responsibilities:

• Conduct regular physical inventory counts to verify stock levels against system records, identifying discrepancies and resolving issues promptly.
• Perform cycle counts on high-value items to maintain accurate inventory data.
• Monitor stock levels and generate purchase orders to replenish inventory based on sales trends and demand forecasting.
• Ensure proper storage and handling of delicate luxury items, including appropriate packaging and display.
• Verify incoming deliveries against purchase orders for accuracy, including quantity, quality, and condition.
• Inspect the merchandise for damage or defects upon receipt, reporting any issues to relevant parties.
• Accurately enter inventory details into the POS system, including size, color, and style variations.
• Assist sales associates with product inquiries, locating specific items on the sales floor, and providing detailed information about merchandise.
• Collaborate with sales teams to identify and address potential stock issues that could impact sales.
• Monitor and report on slow-selling items to support inventory management strategies.
• Generate detailed inventory reports on stock levels, sales trends, and potential stock discrepancies.
• Analyze sales data to identify best-selling items and optimize inventory allocation.
• Monitor stock turnover rates and identify opportunities to improve inventory efficiency.
• Adhere to strict security protocols for handling valuable luxury merchandise, including proper tagging and monitoring of inventory.
• Maintain accurate records of all inventory movements and transactions.
• Comply with company policies regarding inventory management and reporting procedures.

Requirements:

• BSc/ HND in Accounting, statistics, or related field
• Minimum of 5 years experience as an Inventory Management in a luxury retail fashion store
• Certification in supply chain management is an added advantage
• Strong attention to detail and exceptional accuracy in data entry
• Excellent mathematical skills for inventory calculations and analysis.
• Proven experience in inventory management within a retail environment, ideally with luxury fashion experience.
• Proficiency with POS systems and inventory management software.
• Excellent organizational and time management skills to prioritize tasks effectively.
• Ability to work independently and as part of a team, collaborating with sales associates and management