Inventory Officer at Agricare Std Plus Ltd

Job Summary

• We are looking for an experienced Inventory Officer who will oversee all aspects of inventory management, including stock control, procurement, storage, and distribution.
• The role involves maintaining accurate inventory records, analyzing stock levels, and implementing measures to optimize inventory turnover and minimize stockouts and excess inventory.

Key Responsibilities

• 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 shipments, 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 for replenishment stock, 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.
• 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.

Qualifications and Skills

• BSC/HND or its equivalent. Additional education in Supply Chain Management or related field is an advantage.
• Proven experience working in an inventory management role, preferably in a warehouse or logistics environment for at least Three (3) years
• Strong mathematical and analytical skills with an attention to detail.
• Proficiency in using inventory management software and Microsoft Office applications (Excel, Word, power point).
• Excellent organizational and time management abilities.
• Effective oral and written communication skills to collaborate with different teams and stakeholders.
• Ability to work in a fast-paced environment and handle multiple tasks simultaneously.
• We are looking for an experienced Inventory Officer who will oversee all aspects of inventory management, including stock control, procurement, storage, and distribution.
• The role involves maintaining accurate inventory records, analyzing stock levels, and implementing measures to optimize inventory turnover and minimize stockouts and excess inventory.