Inventory Manager

Role Overview

The Inventory Manager is entrusted with overseeing the company's inventory lifecycle to maintain an optimal balance between supply and demand. The position involves managing stock records, store operations, and collaboration with various departments to ensure precise inventory control and reporting.

Key Duties and Responsibilities

• Maintain optimal stock levels by monitoring inventory continuously.
• Verify accurate receipt, storage, and issuance of materials.
• Update and manage inventory records using ERP or Inventory Management Systems.
• Perform stock checks regularly—daily to annually—to confirm stock accuracy.
• Identify and resolve any discrepancies in inventory data.
• Oversee warehouse and store operations to guarantee proper handling and storage of materials.
• Enforce FIFO (First-In-First-Out) and FEFO (First-Expired-First-Out) procedures.
• Ensure the warehouse remains clean, safe, and well-organized.
• Collaborate closely with Procurement to ensure timely stock replenishment while monitoring minimum, maximum, and reorder quantities.
• Prevent occurrences of stock shortages or surplus inventory.
• Review and manage slow-moving, excess, or obsolete stock items.
• Prepare and maintain necessary documents such as Goods Receipt Notes, Material Issue Slips, Stock Transfer Notes, and Return Notes.
• Generate daily and periodic reports on inventory status and movements.
• Supervise store personnel including supervisors, keepers, and helpers; delegate tasks and monitor effectiveness.
• Provide training to staff on inventory management processes and company guidelines.
• Coordinate with Production, Purchasing, Accounting, Sales, and Logistics teams to assure materials availability for production schedules.
• Address inventory-related issues arising from vendors or internal teams promptly.
• Assist in internal and external audits ensuring compliance with company policies and statutory obligations.
• Maintain accurate documentation to support audit needs and regulatory compliance.
• Prepare and submit various standard reports such as daily stock report, monthly inventory report, slow-moving inventory analysis, stock aging, inventory variance, material consumption, and results from physical stock verifications.