Inventory Management Officer at Terawork

Job Summary

• Are you an experienced inventory professional with a strong background in retail operations? We are looking for a proactive Inventory Management Officer to oversee inventory planning, stock optimisation, and replenishment activities while ensuring product availability, operational efficiency, and cost control across our retail operations.

Key Responsibilities

• Monitor stock availability and maintain optimal inventory levels across stores.
• Analyse stock movement, Days on Hand (DOH), Minimum Stock Levels (MSL), fill rates, and replenishment requirements.
•  Work closely with Category Managers to improve inventory performance and product availability.
• *Track vendor fill rates, purchase order fulfilment, and category gross margins.
• Create and maintain new product records within the ERP system.
• Coordinate stock forecasting to meet customer demand while minimising excess inventory.
• Supervise inventory reconciliation, stock verification, and periodic stock counts.
• Monitor damaged, expired, short-dated, slow-moving, and non-scannable products, ensuring timely reporting and resolution.
• Liaise with store operations, warehouse teams, and category managers on stock transfers, replenishment, and stocking requirements.
• Ensure accurate inventory documentation, stock ledger updates, and proper filing of inventory records.
• Support regulatory compliance for applicable products and maintain inventory accuracy across all locations.
• Lead and supervise warehouse inventory and store replenishment teams to achieve operational targets.

Requirements

• Bachelor's degree or HND in Supply Chain Management, Business Administration, Logistics, Accounting, or a related field.
• Minimum of 5–7 years' experience in inventory management within a retail or FMCG environment, including at least 3 years in a supervisory or management role.
• Strong understanding of inventory planning, replenishment, stock control, and warehouse operations.
• Proficiency in Microsoft Excel and retail ERP systems.
• Excellent analytical, reporting, and problem-solving skills.
• Strong leadership, communication, and stakeholder management abilities.
• Hig level of accuracy, organisation, and attention to detail.