The Inventory Management Specialist is responsible for the overall supply chain management of goods. They manage the entire order cycle to enhance business development and ensure sustainability and customer satisfaction. The Inventory Management Specialist forecasts how much inventory will be needed by a specific date in order to satisfy business expectations.
Accountabilities
Stores and Inventory Management
Oversee inventory and supply chain management according to company guidelines
Perform critical inventory tasks to ensure the correct number of items are in stock
Maintain updated and accurate records of inventory, including transfers and cycle counts
Review documentation and monitor product codes to search for discrepancies; troubleshoot quantity discrepancies between stock and records
Develop and implement improvements to existing operational procedures in order to maximize efficiency and cut operations costs
Respond to Purchase inquiries and purchase orders; collect and analyze data to determine appropriate order quantities; process orders for shipment
Review operations schedules and production requirements to ensure timely order fulfilment
Track rates of accuracy, purchase and return as well as defective items to inform quality control decisions
Prepare, generate, and file financial inventory reports, review reports monthly with management
Nurture positive relationships with suppliers and provide customer service as needed
Logistics
Supports the procurement process to ensure on Time receipt of purchased goods & Return of defects
Timely delivery of stocks to the respective units
Route planning and management of unit trucks
Administration
Approval of Purchase Requests (PR) and Purchase Orders (PO) in the ERP system as per the approval limits
Clerical Team management and employee welfare within the unit
Management and filing of documentation within the stores
Reporting
Preparation and circulation of Key performance indicators for the unit
Daily, Weekly and Monthly stocks report
Safety, health, environment and quality (SHEQ) in the stores department
Qualifications and Experience Required
Qualifications
Degree in Business Administration, Supply Chain Management, Logistics or Business-related field.
At least 3 years, relevant experience in Inventory Management/Logistics
Skills in data management and analysis management
Experience/Skills
A strong background in an operations environment.
Good communication skills .
Good Negotiation skills
Competent in key principles of material requirements planning , distribution, requirements planning.
Great stakeholder engagement and management .
Proven planning & organisation skills.
Great Attention to detail .
Ability to work well with Enterprise Resource Planning systems in the PP-PI, MM and inventory management modules.