Inventory Controller at Sundry Markets Limited

Job Summary

• The Inventory Controller/Inventory Analyst is responsible for maintaining accurate inventory records and ensuring optimum stock availability across the store.
• The role oversees inventory control processes, conducts stock analysis, monitors inventory performance, identifies and investigates stock variances, and provides actionable insights that support effective replenishment, minimize inventory losses, improves stock turnover, and enhance overall operational efficiency.

Essential Job Functions

• Maintain accurate inventory records within the ERP/POS system.
• Monitor all inventory transactions, including receipts, transfers, sales, returns, adjustments, write-offs, and stock conversions. 
• Ensure all stock movements are properly authorized and documented.
• Verify stock transfers between stores, warehouses, and departments.
• Monitor inventory levels to ensure optimum stock availability while minimizing overstock.
• Ensure timely replenishment of merchandise based on approved stock levels.
• Maintain inventory integrity through strict adherence to stock control procedures.
• Analyze inventory performance and identify trends affecting stock availability and profitability.
• Monitor stock turnover and recommend strategies to improve inventory productivity.
• Identify fast-moving, slow-moving, dormant, obsolete, and excess inventory.
• Analyze inventory ageing and recommend markdowns, transfers, promotions, or liquidation where necessary.
• Monitor product availability to reduce stock-outs and lost sales.
• Support demand forecasting using sales history, seasonal trends, and promotional activities.
• Generate recommendations that optimize inventory investment and improve working capital utilization.
• Conduct daily reconciliation of physical inventory against system records.
• Investigate inventory discrepancies and implement corrective actions.
• Ensure timely resolution of stock variances.
• Review adjustment reports and validate inventory corrections before approval.
• Maintain complete documentation supporting inventory adjustments.
• Plan and coordinate daily cycle counts.
• Coordinate periodic departmental stock counts.
• Participate in monthly, quarterly, and annual physical inventory exercises.
• Monitor inventory shrinkage and identify root causes.
• Work closely with Internal Audit and Loss Prevention teams to strengthen inventory controls.

Qualifications & Skills

• Minimum of B.Sc. / HND in Supply Chain Management or related fields
• Applicant must have either NYSC Discharge, Exemption certificate or Exclusion letter.
• Proven experience as a stock controller, or in a similar role within retail (FMCG experience preferred).
• Excellent analytical skills with the ability to interpret consumer data and market trends.
• Strong knowledge of supply chain processes, inventory management, and forecasting.
• Proficiency in ERP systems and Microsoft Office, particularly Excel.
• Strong interpersonal and communication skills for building collaboration internally.
• Ability to train and mentor junior team members.

We offer

• A competitive compensation and benefits package
• A collaborative environment where we support each other to succeed as a team
• A value-based culture
• A diverse and inclusive environment
• Great learning and growth opportunities.