Inventory Lead at ReelFruit

Job Summary

• The Inventory Lead oversees the inventory level of the company and the inventory officers towards the control and record tracking of new and existing stocks and finished products.
• They manage, onboard, negotiate prices with various suppliers/vendors, receive materials and manage the storage of materials and arrangement of finished products based on customers' requests to ensure smooth operations.

Responsibilities

• Oversee stock/inventory analysis and projections
• Create annual inventory budgets for financial planning and forecasts
• Oversee inventory management decisions in planning and buying.
• Manage vendor communication & relationships to influence supply negotiations and ensure specifications are met
• Ensure efficient reorder cycle process to avoid stock-outs
• Ensure adequate products storage and store/warehouse control
• Monitor productivity rates to improve inventory control processes for efficiency
• Ensure inventory unit processes/activities are cost-effective by vetting, negotiating and estimating costs to fit the company’s financial plans
• Develop and implement work instruction, SOPs for all departmental units and ensure adherence from all unit leads
• Oversee and ensure accurate departmental data analysis, collation and documentation to ensure timely reports
• Ensure departmental/Inventory dashboards are utilized efficiently and make improvements where necessary
• Coaching and overseeing/supervising team leads in planning and coordinating unit processes/activities
• Liaise and manage communications/relationships with different units, departments and external parties (suppliers/vendors, partners, etc.)
• Work with the company’s management and team leads to implement the company's policies and goals in the department
• Motivate the team to foster cordial relationships and great teamwork in achieving the company’s objectives
• Review worker performance and identify training needs
• Mentor and train team on processes and personal improvement to build their skills in the key areas

Educational Qualifications

• HND or Degree in Business Administration, Inventory Management, Supply Chain, Finance or any related field
• Minimum of 3 years of experience working in a similar role in a production factory
• Solid knowledge of data analysis, inventory management software, and forecasting techniques
• Must have an analytical mind with strong attention to detail.

As the Inventory Lead, You'll need to exert:

• Exceptional communication, analytical and problem-solving skills
• Strong management and leadership skills
• Sound Numerical and negotiation skills
• Great administrative / organizational skills and a keen eye for details
• Thorough understanding of company products and logistics
• Resilience under pressure and against deadlines.