Inventory Management & Control
- Oversee daily inventory operations, including stock receipt, storage, issuance, and transfer across all business units. Ensure accurate recording of inventory transactions in ERP/POS systems and maintain compliance with internal control standards. Monitor stock levels and initiate timely replenishment to avoid shortages or overstock situations. Implement robust procedures to prevent inventory discrepancies, theft, and loss.
Process Oversight & Compliance
- Develop and enforce inventory control policies aligned with audit and compliance requirements. Conduct regular cycle counts and full physical inventory audits, reconciling variances and reporting findings. Maintain secure and organized storage facilities, ensuring adherence to safety and quality standards.
Reporting & Analysis
Prepare and review daily, weekly, and monthly inventory reports, including:
- Stock Movement Reports Inventory Valuation Reports Shrinkage and Adjustment Reports Provide actionable insights on inventory trends, turnover ratios, and aging stock to support decision-making. Collaborate with Finance and Operations to ensure accurate cost allocation and reporting.
Cross-Functional Collaboration
- Act as a key liaison between Procurement, Finance, and Operations for inventory-related matters. Coordinate with IT for system enhancements, data integrity, and resolution of ERP/POS issues. Support promotional and seasonal planning by ensuring adequate stock availability.
Key Performance Indicators (KPI)
Accuracy of inventory records and reconciliation. Timely completion of cycle counts and audits. Reduction in inventory discrepancies and shrinkage. On-time replenishment and stock availability. Compliance with internal and external audit standards. Resolution time for any cash overage/shortage issues. Timely resolution of chargebacks and refund cases.
