Devise ways to optimize inventory control procedures
Inspect the levels of business supplies and raw material to identify shortages
Ensure product stock is adequate for all distribution channels and can cover direct demand from customers
Record daily deliveries and shipments to reconcile inventory
Use software to monitor demand and document characteristics of inventory
Place orders to replenish stock avoiding insufficiency or excessive surplus
Analyze data to anticipate future needs
Evaluate suppliers to achieve cost-effective deals and maintain trust relationships
Collaborate with warehouse employees and other staff to ensure business goals are met
Report to upper management on stock levels, issues etc.
Analyze Data to forecast sales trend using inventory Data.
Conduct a monthly/weekly stock count with the stock take team.
Conduct periodic inventory spot checks.
Prepare report on inventory activities and variances after every stock take exercise and occasional spot checks.
Ensure proper management of aging stock. –FIFO Policy Compliant.
Requirements
Candidates should possess a Bachelor's Degree / HND with 2 - 3 years work experience.
Compulsory month-end stock taking in compliance with standard procedures
Ensure due authorizations and proper documentation from approving personnel before release of any inventory
Stock variances: ensure zero variance in stock position in the system and physical
Ensure strict compliance with reorder levels, FIFO or LIFO principles depending on status of product and handling dormant stock100% plugging of loopholes in the system through internal controls, strict compliance to flow chart process to ensure zero stock fraud