:

The Inventory Manager plays a crucial role in minimizing costs, maximizing profits, and ensuring customer satisfaction through effective inventory management practices.

Key Responsibilities:

Inventory Planning:

• Develop and implement inventory planning strategies to optimize stock levels based on demand forecasts, sales trends, and seasonality.

• Collaborate with sales, marketing, and production teams to understand product demand and plan inventory accordingly.

Order Fulfillment:

• Monitor and manage purchase orders to maintain optimal stock levels and prevent stockouts or overstock situations.

• Coordinate with suppliers to ensure timely and accurate delivery of goods, negotiating terms and agreements as necessary.

Inventory Control:

• Implement and enforce inventory control procedures to minimize shrinkage, damages, and theft.

• Conduct regular cycle counts and reconcile discrepancies between system records and physical inventory.

Data Analysis and Reporting:

• Utilize inventory management software and tools to analyze data, generate reports, and provide insights on inventory performance.

• Present key performance indicators (KPIs) and recommend improvements to enhance efficiency.

Cross-functional Collaboration:

• Collaborate with various departments, including logistics, sales, finance, and production, to ensure alignment of inventory strategies with overall business goals.

• Provide input into the development of sales and operational planning processes.

Vendor Management:

• Build and maintain strong relationships with suppliers and negotiate favorable terms for pricing, lead times, and order quantities.

• Evaluate supplier performance and address any issues that may impact inventory management.

Continuous Improvement:

• Identify opportunities for process improvement in inventory management and implement best practices to enhance efficiency.

• Stay abreast of industry trends and technological advancements to drive innovation in inventory management processes.

Compliance:

• Ensure compliance with relevant regulations and industry standards related to inventory management.

• Stay informed about changes in laws and regulations affecting inventory control.

Requirements

• Bachelor\'s degree in Supply Chain Management, Business Administration, or a related field.

• Proven experience as an Inventory Manager or in a similar role within the FMCG sector.

• Strong analytical and problem-solving skills.

• Excellent organizational and time-management abilities.

• Proficient in the use of inventory management software and Microsoft Office Suite.

• Effective communication and interpersonal skills.

• Ability to work collaboratively in a fast-paced environment.

Careers International