1. Inventory Management:

• Monitor and maintain optimal inventory levels to meet operational needs while minimizing excess or obsolete stock.
• Plan and coordinate inventory replenishment activities to ensure timely availability of products.
• Implement inventory control procedures to minimize shrinkage and discrepancies.

2.Record Keeping and Documentation:

• Maintain accurate records of inventory transactions, including receipts, withdrawals, and returns.
• Update inventory databases and systems regularly to reflect current stock levels and locations.
• Generate reports on inventory status, usage trends, and discrepancies for management review

3.Inventory Audits:

• Conduct regular physical inventories to verify stock levels and reconcile discrepancies.
• Investigate and resolve discrepancies identified during audits, implementing corrective actions as necessary.
• Analyze audit findings to identify root causes of inventory discrepancies and recommend process improvements.

4.Coordination and Communication:

• Collaborate with purchasing, production, and sales teams to forecast inventory needs and ensure alignment with business objectives.
• Coordinate with suppliers to expedite deliveries, resolve issues with shipments, and address quality concerns.
• Communicate inventory status updates and potential risks to relevant stakeholders in a timely manner.

5.Process Improvement:

• Identify opportunities to streamline inventory management processes and enhance efficiency.
• Implement best practices and standard operating procedures to optimize inventory control procedures.
• Continuously monitor inventory metrics and key performance indicators to evaluate performance and identify areas for improvement.

Requirements:

• Bachelor's degree in business administration, supply chain management, or related field.
• Proven experience in inventory management or related field, preferably in a manufacturing or distribution environment.
• Proficiency in inventory management software and Microsoft Excel for data analysis and reporting.
• Strong analytical skills with the ability to interpret data and make data-driven decisions.
• Excellent organizational and time management skills with the ability to prioritize tasks effectively.
• Strong attention to detail and accuracy in record-keeping and documentation.
• Excellent communication and interpersonal skills with the ability to collaborate effectively across departments.
• Ability to work independently with minimal supervision and thrive in a fast-paced environment.