Inventory Manager

The Inventory Manager is responsible for overseeing the storage, distribution, and control of a company's inventory. This role ensures that stock levels are maintained at optimal levels, minimizing waste and preventing shortages or overstocking. The ideal candidate will have a strong understanding of supply chain management, inventory tracking systems, and demand forecasting. The Inventory Manager works closely with procurement, warehouse, and sales teams to ensure seamless operations and efficiency.

Responsibilities:

• Develop and implement inventory control policies and procedures to maintain accuracy and efficiency.

• Monitor inventory levels and ensure stock availability to meet business and customer demands.

• Conduct regular stock audits and cycle counts to verify inventory accuracy.

• Optimize inventory turnover rates by analyzing sales trends, demand forecasting, and adjusting stock levels accordingly.

• Coordinate with suppliers and procurement teams to ensure timely replenishment of stock.

• Minimize inventory discrepancies by identifying and addressing issues such as stock shortages, overages, and damages.

• Maintain accurate records of inventory transactions, including stock movements, adjustments, and returns.

• Collaborate with warehouse staff to ensure proper storage, labeling, and handling of inventory.

• Implement cost-saving measures by reducing excess inventory and improving supply chain efficiency.

Requirements:

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

• Proven experience in inventory management, warehouse operations, or supply chain roles.

• Strong knowledge of inventory control techniques, demand planning, and stock optimization.

• Proficiency in inventory management software and ERP systems.

• Excellent analytical skills with the ability to interpret data and make informed decisions.

• Strong organizational and problem-solving skills to handle inventory challenges.

• Ability to work collaboratively with cross-functional teams, including procurement, sales, and logistics.

• Experience in conducting inventory audits and implementing corrective actions.

• Knowledge of industry best practices and compliance with inventory regulations.