Stock Management Executive

Job Description

Title: Stock Management Executive

Company Name: Schope Infotech Limited

Vacancy: 1

Age: At most 25 years

Job Location: Dhaka (Banani)

Salary: Tk. 15000 - 20000 (Monthly)

Experience:

Published: 2025-01-04

Application Deadline: 2025-01-16

Education:

• Higher Secondary

• Bachelor’s Degree in Business Administration, or a related field.

• Age At most 25 years
• Only Male

• Previous experience in inventory or stock management, typically 2+ years.

Skills and Abilities

• Proficiency in inventory management software (e.g., SAP, Oracle, Zoho Inventory).
• Strong analytical and problem-solving skills.
• Attention to detail and high level of accuracy in managing data.

Organizational and Communication Skills

• Excellent organizational skills and the ability to prioritize tasks effectively.
• Strong written and verbal communication skills to interact with internal teams and external suppliers.

Industry Knowledge

• Understanding of supply chain processes and inventory best practices.
• Familiarity with industry-specific inventory challenges, such as perishable goods or seasonal demands.

Adaptability and Time Management

• Ability to thrive in a fast-paced environment with shifting priorities.
• Strong time management skills to meet deadlines and manage multiple tasks.

Additional Requirements

• Experience with data analysis tools like Excel or Power BI.
• Knowledge of safety and regulatory requirements related to inventory handling.
• Flexibility to work extended hours or weekends during peak periods.

Inventory Management

• Monitor and maintain optimal stock levels to prevent shortages or overstocking.

• Track inventory movements and ensure accurate records in the inventory management system.

• Conduct regular stock audits and reconcile discrepancies promptly.

Order and Replenishment

• Coordinate with suppliers to place orders for stock replenishment as needed.

• Ensure timely delivery of materials and products to meet operational requirements.

• Negotiate terms and prices with suppliers to optimize costs.

Stock Analysis and Forecasting

• Analyze inventory data to predict demand trends and prepare stock forecasts.

• Develop strategies to manage seasonal fluctuations or promotional needs.

• Provide recommendations to improve stock turnover rates.

Warehouse Operations Coordination

• Oversee proper storage of goods to minimize damage and ensure compliance with safety standards.

• Collaborate with warehouse staff to streamline stock handling processes.

• Ensure the organization and cleanliness of storage areas.

Reporting and Compliance

• Prepare detailed reports on stock status, inventory turnover, and shrinkage rates.

• Ensure compliance with company policies, industry standards, and legal regulations.

• Maintain accurate documentation for audits and internal reviews.

Cross-functional Collaboration

• Work closely with procurement, sales, and production teams to align stock levels with business needs.

• Communicate stock availability to relevant departments for planning purposes.