Inventory Control:
Monitor and maintain inventory levels across multiple locations to ensure optimal stock availability.
Perform regular stock audits to ensure physical inventory matches system records.
Develop and implement inventory tracking and control systems, using automated tools where possible.
Stock Replenishment:
Collaborate with procurement teams to determine reorder points and quantities based on historical data and demand forecasting.
Place orders with suppliers and manage lead times to ensure stock levels remain optimal without causing disruptions.
Reporting & Analysis:
Analyze inventory trends, turnover rates, and demand patterns, providing reports to senior management.
Prepare and present regular inventory reports to track key performance indicators (KPIs), such as stock-outs, inventory accuracy, and stock turnover.
Warehouse Management:
Work with warehouse teams to optimize the layout for efficient storage and retrieval of inventory.
Oversee the proper handling, storage, and organization of goods in warehouses or storage areas.
Supply Chain Coordination:
Collaborate with cross-functional teams such as logistics, procurement, and sales to ensure smooth inventory flow.
Resolve any inventory-related issues, such as discrepancies, shipping errors, or stock shortages.
Compliance & Standards:
Ensure compliance with safety, health, and environmental standards for storing and handling inventory.
Maintain compliance with legal requirements regarding inventory documentation and reporting.
Technology Management:
Implement and manage inventory management software and systems.
Train staff on inventory management processes and the use of technology tools.