Merchandise analysts are responsible for monitoring and analyzing the flow of inventory, typically for a store or other retail operation, which may include both physical and online operations. They implement and operate systems to track buying activity and other consumer behavior. They continuously track and study this activity, often in real time, and identify emerging trends in customer interest. They use these data-driven insights to make immediate recommendations that guide inventory management and procurement. They also generate reports, logs, and other data analysis materials.
Merchandise analysts typically have at least a bachelor’s degree in a business or data analytics area, and professional experience in data analytics, merchandising, logistics, or a similar role. They should have strong data analytics skills, and proficiency using data software programs like Excel.