Inventory Officer/Manager
Job Description
Title: Inventory Officer/Manager
Company Name: NDE Infratech Ltd
Vacancy: --
Location: Dhaka
Salary: Negotiable
Experience:
∎ 2 to 6 years
∎ The applicants should have experience in the following business area(s):Manufacturing (FMCG), Engineering Firms, Garments, Group of Companies
Published: 14 Jul 2024
Education:
∎ Master of Business Administration (MBA), Bachelor of Business Administration (BBA)
Requirements:
Responsibilities & Context:
∎ Develop and maintain an efficient inventory management system that ensures accurate and up-to-date records of all incoming and outgoing products.
∎ Collaborate with other departments, purchasing, and logistics, to ensure inventory levels meet business requirements.
∎ Perform regular physical counts of inventory and compare results to system records to ensure accuracy.
∎ Develop and implement processes for inventory tracking and optimization, including Just-In-Time inventory management principles.
∎ Monitor inventory levels and demand trends, and make informed decisions about inventory levels to avoid stockouts or excess inventory.
∎ Negotiate with suppliers to ensure timely and accurate deliveries, and resolve any conflicts regarding inventory levels.
∎ Continuously evaluate and improve inventory management processes to increase efficiency and reduce waste.
∎ Provide regular reports on inventory performance and make recommendations for process improvements.
∎ Develop and implement inventory management strategies.
∎ Conduct regular audits and reconciliations to ensure inventory accuracy. Implement and maintain advanced inventory control systems.
∎ Utilize inventory management software to track and manage stock levels. Ensure proper documentation and record-keeping of inventory transactions.
∎ Establish and maintain relationships with suppliers.
∎ Negotiate contracts and terms with suppliers to ensure favorable conditions.
∎ Monitor supplier performance and address any issues promptly.
∎ Supervise and train inventory staff.
∎ Assign tasks and responsibilities to team members.
∎ Foster a positive and productive work environment.
∎ Implement cost-saving measures in inventory management.
∎ Monitor and control inventory levels, tracking stock movements, and conducting regular stock counts to ensure accuracy and completeness of inventory records.
∎ Receive, inspect, and record incoming inventory materials, verifying quantities, quality, and condition of goods received against purchase orders or packing slips.
∎ Update inventory databases, systems, or spreadsheets to reflect stock transactions, adjustments, and movements, maintaining up-to-date and accurate inventory records.
∎ Generate inventory reports, including stock levels, aging analysis, and inventory turnover ratios, to assess inventory performance and identify trends or issues.
∎ Analyze demand patterns, sales forecasts, and historical data to forecast inventory requirements, set reorder points, and determine optimal stock levels.
∎ Coordinate with procurement and purchasing teams to place orders, ensuring timely delivery and availability of inventory items.
∎ Manage stock rotation, shelf-life tracking, and expiry date monitoring for perishable or time-sensitive goods, minimizing waste and spoilage.
∎ Implement inventory control measures, such as FIFO (first-in, first-out) or LIFO (last-in, first-out), to optimize inventory turnover and minimize obsolescence.
∎ Conduct regular inventory audits, reconciling physical stock counts with inventory records, investigating discrepancies, and resolving inventory variances.
∎ Identify and investigate inventory discrepancies, stock shortages, or surplus inventory, conducting root cause analysis and implementing corrective actions.
∎ Collaborate with warehouse and logistics teams to ensure efficient storage, handling, and distribution of inventory items, optimizing warehouse layout and organization.
∎ Develop and maintain relationships with suppliers, vendors, and service providers, negotiating terms, pricing, and delivery schedules to ensure reliable supply of inventory items.
∎ Implement inventory management best practices, standard operating procedures (SOPs), and quality standards to improve efficiency and accuracy in inventory control processes.
∎ Train and supervise inventory staff, providing guidance, coaching, and support to ensure compliance with inventory management policies and procedures.
∎ Stay updated on industry trends, best practices, and regulatory requirements in inventory management, participating in training, workshops, and professional development activities.
Skills & Expertise:
Workplace:
∎ Work at office
Employment Status: Full Time
Job Location: Dhaka
Job Highlights:
∎ As an Inventory Manager or Officer, you will play a critical role in overseeing and optimizing the entire inventory management process. This includes the procurement, receipt, storage, and management of products across various locations.
Company Information:
∎ NDE Infratech Ltd
Read Before Apply: Please apply only who are fulfilling all the requirements of this job
Application Deadline: 13 Aug 2024
Category: jobs
Deadline Expired on 13th Aug 2024
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