Inventory Manager needed at Pharmarun

3 weeks ago

Job title : Inventory Manager

Job Location : Lagos

Deadline : March 09, 2024

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Position Overview:

  • As the Inventory Manager, you will play a crucial role in overseeing and managing all aspects of inventory control within our organization.
  • Your primary responsibilities will include ensuring accurate and up-to-date pricing, maintaining optimal stock levels, and implementing efficient inventory management practices.

Key Responsibilities:

Price Management:

  • Regularly review and update product pricing to ensure competitiveness and alignment with company pricing strategies.
  • Monitor market trends and competitor pricing to make informed pricing decisions.
  • Collaborate with the sales and marketing teams to develop pricing strategies that maximize profitability while remaining competitive in the market.

Stock Control:

  • Maintain accurate inventory records and ensure stock levels are sufficient to meet customer demand.
  • Implement inventory control procedures to minimize stock discrepancies, shrinkage, and obsolescence.
  • Conduct regular stock audits and reconciliations to identify discrepancies and address any issues promptly.

Supplier Management:

  • Coordinate with suppliers to ensure timely delivery of inventory and resolve any supply chain issues that may arise.
  • Negotiate favourable terms with suppliers to optimize inventory costs and minimize lead times.
  • Evaluate supplier performance and establish relationships with key suppliers to ensure the reliability and quality of inventory.

Inventory Optimization:

  • Analyze inventory data and trends to identify opportunities for optimization and improvement.
  • Implement strategies to reduce excess inventory and improve inventory turnover ratios.
  • Work closely with cross-functional teams to forecast demand accurately and adjust inventory levels accordingly.

Process Improvement:

  • Continuously evaluate and refine inventory management processes to enhance efficiency and accuracy.
  • Identify areas for automation and implement technology solutions to streamline inventory management tasks.
  • Provide training and guidance to staff members on inventory management best practices and procedures.

Qualifications:

  • Bachelor’s degree in business administration, supply chain management, or a related field.
  • Proven experience in inventory management, preferably in a retail or manufacturing environment.
  • Strong analytical skills with the ability to interpret data and make data-driven decisions.
  • Excellent attention to detail and organizational skills.
  • Proficiency in inventory management software and Microsoft Excel.
  • Effective communication and interpersonal skills.
  • Ability to work collaboratively in a team environment and prioritize tasks effectively.

How to Apply for this Offer

Interested and Qualified candidates should Click here to Apply Now

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