The Inventory Officer is responsible for managing and maintaining accurate records of all inventory-related activities in the hospitality business.
This role ensures efficient stock management, minimizes losses, and supports operational efficiency by monitoring inventory levels, conducting audits, and coordinating with procurement and operations teams.
Key Responsibilities
Oversee the receipt, storage, and distribution of goods to ensure accurate inventory records.
Maintain up-to-date stock records and reconcile physical inventory with system records.
Implement inventory control procedures to prevent stock shortages, overstocking, and losses.
Conduct regular stock audits and cycle counts to ensure accuracy and identify discrepancies.
Monitor inventory usage patterns and provide reports on slow-moving or obsolete stock.
Ensure proper labeling and categorization of inventory items for easy tracking.
Coordinate with the procurement team to ensure timely replenishment of stock based on operational needs.
Work closely with the kitchen, housekeeping, and other relevant departments to align inventory levels with business demand.
Develop and enforce standard operating procedures for stock handling, storage, and security.
Investigate inventory variances and recommend corrective actions to management.
Optimize storage space and ensure compliance with health, safety, and hygiene regulations.
Generate regular reports on stock levels, consumption trends, and wastage for management review.
Manage inventory databases and ensure proper documentation for audits and compliance.
Train staff on proper inventory handling and stock management procedures.
Ensure inventory control measures align with cost reduction strategies while maintaining product quality.
Develop strategies for reducing waste and improving stock turnover efficiency.
Monitor perishable goods to ensure proper stock rotation (FIFO & FEFO) and prevent spoilage.
Collaborate with suppliers to track and verify incoming shipments and resolve discrepancies.
Maintain accurate records of damaged, expired, or returned goods and report findings to management.
Ensure all inventory-related transactions are accurately recorded in the system in real time.
Assist in forecasting inventory needs based on historical data and business trends.
Work with IT and Finance teams to improve inventory tracking systems and data accuracy.
Assist in cost analysis and budgeting for inventory purchases to optimize procurement spending.
Ensure compliance with all company policies, industry regulations, and safety standards related to inventory management.
Requirements
Bachelor's degree or HND in Supply Chain Management, Business Administration, Accounting, or a related field.
Minimum of 2-3 years of experience in inventory management, preferably in the hospitality industry.
Strong knowledge of inventory control practices, stock management, and audit procedures.
Proficiency in inventory management software and Microsoft Office Suite (Excel, Word).
Strong analytical and problem-solving skills with attention to detail.
Excellent organizational and time management skills.
Ability to work in a fast-paced hospitality environment and manage multiple inventory categories.
High level of integrity, accountability, and professionalism.