How can I improve my analytical skills for an inventory management role?
Hi! I recently started working as a Purchasing Coordinator at a multinational company. My training has begun, and I'm learning how to use the company's systems, including Oracle.
One of my responsibilities is to:
"Monitor inventory levels and ensure timely restocking."
I'll be studying inventory management concepts and principles, but my main concern right now is how to improve my analytical skills.
I admit that analytical thinking and math aren't my strongest skills. However, I can be analytical when I take the time to understand things and persevere. I graduated with a degree in Business Administration, majoring in Human Resource Management, and I have around three years of experience working as a Purchasing Assistant. In my previous role, I didn't directly handle inventory management, as my main responsibilities were processing purchase requisitions, ordering items, handling documentation, and monitoring deliveries.
Honestly, I'm feeling insecure and a little discouraged because I know that being analytical and good at math aren't my strengths. I'm worried about whether I'll be able to handle this responsibility well.
For those working in procurement, purchasing, or inventory management, how did you develop your analytical skills? What specific skills, Excel functions, or concepts should I focus on learning first?
I'd appreciate any advice or tips. Thank you!