Inventory Manager
Posted on :
06-01-2024
Employer Active
1 Vacancy
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Job Description
The Inventory Manager plays a crucial role in minimizing costs maximizing profits and ensuring customer satisfaction through effective inventory management practices.
Key Responsibilities:
Inventory Planning:
- Develop and implement inventory planning strategies to optimize stock levels based on demand forecasts sales trends and seasonality.
- Collaborate with sales marketing and production teams to understand product demand and plan inventory accordingly.
- Develop and implement inventory planning strategies to optimize stock levels based on demand forecasts sales trends and seasonality.
Order Fulfillment:
- Monitor and manage purchase orders to maintain optimal stock levels and prevent stockouts or overstock situations.
- Coordinate with suppliers to ensure timely and accurate delivery of goods negotiating terms and agreements as necessary.
- Monitor and manage purchase orders to maintain optimal stock levels and prevent stockouts or overstock situations.
Inventory Control:
- Implement and enforce inventory control procedures to minimize shrinkage damages and theft.
- Conduct regular cycle counts and reconcile discrepancies between system records and physical inventory.
- Implement and enforce inventory control procedures to minimize shrinkage damages and theft.
Data Analysis and Reporting:
- Utilize inventory management software and tools to analyze data generate reports and provide insights on inventory performance.
- Present key performance indicators (KPIs) and recommend improvements to enhance efficiency.
- Utilize inventory management software and tools to analyze data generate reports and provide insights on inventory performance.
Crossfunctional Collaboration:
- Collaborate with various departments including logistics sales finance and production to ensure alignment of inventory strategies with overall business goals.
- Provide input into the development of sales and operational planning processes.
- Collaborate with various departments including logistics sales finance and production to ensure alignment of inventory strategies with overall business goals.
Vendor Management:
- Build and maintain strong relationships with suppliers and negotiate favorable terms for pricing lead times and order quantities.
- Evaluate supplier performance and address any issues that may impact inventory management.
- Build and maintain strong relationships with suppliers and negotiate favorable terms for pricing lead times and order quantities.
Continuous Improvement:
- Identify opportunities for process improvement in inventory management and implement best practices to enhance efficiency.
- Stay abreast of industry trends and technological advancements to drive innovation in inventory management processes.
- Identify opportunities for process improvement in inventory management and implement best practices to enhance efficiency.
Compliance:
- Ensure compliance with relevant regulations and industry standards related to inventory management.
- Stay informed about changes in laws and regulations affecting inventory control.
- Ensure compliance with relevant regulations and industry standards related to inventory management.
Requirements
- Bachelors degree in Supply Chain Management Business Administration or a related field.
- Proven experience as an Inventory Manager or in a similar role within the FMCG sector.
- Strong analytical and problemsolving skills.
- Excellent organizational and timemanagement abilities.
- Proficient in the use of inventory management software and Microsoft Office Suite.
- Effective communication and interpersonal skills.
- Ability to work collaboratively in a fastpaced environment.
Bachelor's degree in Supply Chain Management, Business Administration, or a related field. Proven experience as an Inventory Manager or in a similar role within the FMCG sector. Strong analytical and problem-solving skills. Excellent organizational and time-management abilities. Proficient in the use of inventory management software and Microsoft Office Suite. Effective communication and interpersonal skills. Ability to work collaboratively in a fast-paced environment.
Employment Type
Full Time
Key Skills
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