Inventory Officer
1 month ago
Duties and Responsibilities
Monitor and maintain inventory levels to ensure adequate stock levels are maintained while minimizing excess inventory and carrying costs.
Conduct regular inventory counts and reconcile physical inventory with records in the system to identify discrepancies and address any issues.
Implement inventory control measures, including stock rotation, shelf-life management, and quality control, to ensure accuracy and integrity of inventory data.
Develop and enforce inventory management policies and procedures to streamline operations and minimize errors.Coordinate the receiving of incoming shipments, verifying contents against purchase orders and inspecting for damage or discrepancies.
Prepare outgoing shipments, ensuring accurate picking, packing, and labeling of items for delivery
Analyze inventory data to identify trends, track inventory turnover rates, and forecast future inventory needs.
Prepare regular reports and dashboards to communicate inventory levels, stock movements, and key performance metrics to management.
Collaborate with cross-functional teams, including purchasing, logistics, and sales, to optimize inventory levels and ensure alignment with demand forecasts and production schedules.
Identify opportunities for process improvements and efficiency gains in inventory management practices.Ensure compliance with regulatory requirements and company policies related to inventory management, safety, and security.
Implement safety protocols and procedures to minimize risks and ensure a safe working environment for employees and visitors.
Key Requirements Skills, experience and qualification
Bachelor's degree in Business Administration, Supply Chain Management, Logistics, or related field.
Proven experience (2-3 years) in inventory management or related roles, preferably in a manufacturing, distribution, or retail environment.
Strong analytical and problem-solving skills, with the ability to analyze data, identify trends, and make data-driven decisions.
Excellent organizational and time management abilities, with attention to detail and accuracy.
Proficiency in inventory management software and Microsoft Office Suite.
Ability to work independently and collaboratively in a team environment.
Excellent communication and interpersonal skills, with the ability to interact effectively with colleagues, suppliers, and stakeholders.
Knowledge of inventory control best practices, including FIFO, LIFO, and JIT principles.
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