Analytics

What Is Inventory Analytics Specialist?

Inventory analysts work in the retail, wholesale, distribution, and manufacturing sectors to help the organization’s management with purchasing inventory, allocating resources, and forecasting future sales. Also known as purchasing managers, inventory analysts maximize an organization’s production.

What does a inventory analyst do?

An inventory analyst is a professional who is responsible for managing inventory items and the daily inventory operations of an organization. Inventory analysts are required to analyze inventory statistics and perform financial analytics to determine which products are selling the most and which are under-performing.

What does an inventory specialist do?

What does an Inventory Specialist do? Inventory Specialists usually work for department or retail stores, developing procedures to effectively manage and maintain a company’s inventory. They’ll make sure a company’s shipment is accurate by conducting inventory counting processes.

How do I become an inventory analyst?

The primary qualifications for getting a job as an inventory analyst include a bachelor’s degree in business or the applied sciences. You also need some experience with sales and merchandising. Many inventory analysts work in warehouse environments to analyze and count inventory for a company.

How much do inventory analysts make?

What Is The Average Inventory Analyst Salary? The average inventory analyst salary is $54,329 per year, or $26.12 per hour, in the United States. People on the lower end of that spectrum, the bottom 10% to be exact, make roughly $38,000 a year, while the top 10% makes $77,000.

What is the job of a data analyst?

The data analyst serves as a gatekeeper for an organization’s data so stakeholders can understand data and use it to make strategic business decisions. It is a technical role that requires an undergraduate degree or master’s degree in analytics, computer modeling, science, or math.

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How much does an inventory analyst at Target make?

How much does an Inventory Analyst make at Target in the United States? Average Target Inventory Analyst yearly pay in the United States is approximately $64,809, which is 31% above the national average.

What skills make you great at what you do as an inventory specialist?

Inventory Specialist Skills

  • Math proficiency.
  • Familiarity with ERP and data entry systems.
  • Ability to perform moderate to heavy lifting.
  • Excellent organizational skills.
  • Great written and verbal communication.
  • Basic budget management skills.

How do I become a good inventory specialist?

Successful inventory specialists should have excellent interpersonal communication skills, a firm grasp of basic computer programs, and an ability to work both independently and in a team. Ideal candidates will have inventory experience as well as mid-level management experience.

What type of job is inventory?

An Inventory Clerk, or Inventory Associate, keeps track of the goods and supplies in a store or warehouse and manages orders to facilitate sales or production. Their duties include signing off on shipments, counting the number of available products and placing orders for more inventory according to demand.

Do analysts make good money?

According to data from the U.S. Bureau of Labor Statistics (BLS), the median annual income for financial analysts across all experience levels in May 2018 was $85,660 per year (or $41.18 per hour). So, on average, financial analysts start out much better paid than the typical worker.

What is a supply chain analyst do?

A supply chain analyst job description includes analyzing data and methods to predict and improve a company’s delivery of products and services to its customers. An organization’s supply chain needs to run smoothly and efficiently to ensure a profit, making the supply chain analyst an essential role.

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How much money does a supply chain analyst make?

The average supply chain analyst makes $62,022 in the United States. The average hourly pay for a supply chain analyst is $29.82. The average entry-level supply chain analyst salary is $47,000.

How much does a logistics analyst make?

Salary Ranges for Logistics Analysts The salaries of Logistics Analysts in the US range from $12,128 to $400,000, with a median salary of $58,900. The middle 57% of Logistics Analysts makes between $58,900 and $172,202, with the top 86% making $400,000.

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