Inventory Management Officer needed at IBIC Investment Holdings – Apply Now
Job title : Inventory Management Officer
Job Location : Lagos
Deadline : July 07, 2023
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About the job
- The candidate is responsible for overseeing and coordinating all aspects of inventory control in our organisation.
- This role involves monitoring inventory levels, optimizing stock management processes, and ensuring accurate and efficient inventory tracking.
- The inventory management officer plays a crucial role in maintaining optimal inventory levels to meet our customer demands while minimising costs and maximising operational efficiency.
Key Responsibilities:
- Inventory Control: Monitor and maintain accurate inventory levels by conducting regular stock counts, reconciling discrepancies, and implementing appropriate control measures.
- Stock Management: Develop and implement inventory management strategies, including setting reorder points, safety stock levels, and lead times to optimize inventory levels.
- Demand Forecasting: Analyze historical sales data, market trends, and customer demand patterns to forecast inventory needs accurately and prevent stockouts or overstock situations.
- Procurement and Replenishment: Coordinate with procurement teams to ensure timely ordering and replenishment of inventory to meet production or customer demands.
- Inventory Tracking: Utilise inventory management software or systems to track inventory movements, monitor stock levels, and generate accurate reports on stock status, usage, and valuation.
- Inventory Optimisation: Identify opportunities to improve inventory turnover, reduce carrying costs, and minimize obsolescence through effective inventory optimization techniques.
- Quality Control: Collaborate with quality assurance teams to conduct regular inspections of incoming goods, identify quality issues, and implement appropriate measures to maintain product integrity.
- Vendor Management: Maintain effective relationships with suppliers and vendors, including negotiating pricing, terms, and delivery schedules to ensure optimal inventory management.
- Process Improvement: Continuously evaluate and enhance inventory management processes, systems, and procedures to streamline operations, reduce errors, and increase efficiency.
- Reporting and Analysis: Generate regular inventory reports, including stock levels, turnover rates, and other key performance indicators (KPIs), to facilitate data-driven decision-making and provide insights to management.
Qualifications and Skills:
- Bachelor’s degree in business administration, supply chain management, logistics, or a related field (or equivalent work experience).
- Proven experience in inventory management or related roles, with a strong understanding of inventory control principles and best practices.
- Proficiency in using inventory management software and tools.
- Strong analytical and problem-solving skills, with the ability to interpret data, identify trends, and make informed decisions.
- Excellent organizational and time management skills, with the ability to prioritize tasks and meet deadlines.
- Effective communication and interpersonal skills to collaborate with cross-functional teams, suppliers, and vendors.
- Attention to detail and a high level of accuracy in managing inventory records.
- Knowledge of supply chain processes, demand forecasting techniques, and procurement procedures.
- Familiarity with industry standards and regulations related to inventory management.
- Ability to adapt to changing priorities and work effectively in a fast-paced
How to Apply for this Offer
Interested and qualified candidates should send their CV and Application Letter to: [email protected] using the Job Title as the subject of the email.
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