An inventory analyst ensures that a company maintains appropriate inventory levels to meet projected sales demands. These professionals use tools like statistical analysis and market research to monitor and determine the rate of sale for company products. As an inventory analyst, your duties may include anticipating backorders, placing product orders, and maintaining online store inventory. You may also conduct yearly inventory audits and work to develop more efficient operations strategies. Although the career qualifications for inventory analysts vary depending on the industry and work environment, employers typically prefer at least a bachelor’s degree in business or another relevant field and prior work experience in retail or inventory management. Additional qualifications include strong analytical, communication, and time-management skills.