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Inventory Manager
3 weeks ago
**Job Title: Inventory Manager**
**Job Summary**:
The Inventory Manager is responsible for overseeing inventory management processes, ensuring optimal stock levels, minimizing costs, and enhancing operational efficiency. This role involves coordinating with various departments to maintain accurate inventory records, manage stock replenishment, and implement best practices for inventory control.
**Key Responsibilities**:
- **Inventory Control**:
- Monitor inventory levels and perform regular stock audits.
- Analyze inventory data to identify trends, discrepancies, and opportunities for improvement.
- **Stock Management**:
- Develop and implement inventory management strategies to optimize stock levels and minimize excess inventory.
- Coordinate with suppliers and vendors to ensure timely stock replenishment.
- **Forecasting and Planning**:
- Collaborate with sales and production teams to forecast inventory needs based on demand and production schedules.
- Prepare and maintain inventory forecasts and plans.
- **Reporting and Analysis**:
- Generate reports on inventory metrics, including turnover rates, stock levels, and aging inventory.
- Present findings and recommendations to management for decision-making.
- **Process Improvement**:
- Identify inefficiencies in current inventory processes and implement improvements.
- Stay updated on industry trends and best practices to enhance inventory management.
- **Team Management**:
- Lead and mentor inventory staff, providing training and support as needed.
- Foster a collaborative team environment and promote professional development.
**Qualifications**:
- Bachelor’s degree in supply chain management, Business Administration, or a related field.
- Minimum of 5 years’ experience in the similar capacity.
- Proven track record in managing inventory systems and processes.
- Strong analytical and problem-solving abilities.
- Proficient in inventory management software and Microsoft Office Suite.
- Ability to work in a fast-paced environment and manage multiple priorities.
- Knowledge of supply chain and logistics principles.
- Familiarity with regulatory requirements related to inventory management.
Application Deadline: 23/04/2022