Inventory Officer at Ascentech Services Limited

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.
• Implement inventory control measures, such as FIFO (first-in, first-out) or LIFO (last-in, first-out), to optimize inventory turnover and minimize obsolescence.
• 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.
• Collaborate with warehouse and logistics teams to ensure efficient storage, handling, and distribution of inventory items, optimizing warehouse layout and organization.
• Develop and maintain relationships with suppliers, vendors, and service providers, negotiating terms, pricing, and delivery schedules to ensure reliable supply of inventory items.

Requirements and Qualifications

• Bachelor's degree or HND in a relevant field
• Certification in logistics, supply chain management or inventory control is a plus.
• 1-3 years of proven experience in inventory management, stock control, or warehouse operations, preferably in a warehouse or logistics environment.
• Strong analytical and numerical skills, with the ability to analyze inventory data, interpret trends, and make data-driven decisions.
• Proficiency in inventory management software, ERP systems, and Microsoft Office Suite (Excel, Word, Outlook).
• Attention to detail and accuracy in inventory record-keeping, stock tracking, and data entry.
• Knowledge of inventory control principles, best practices, and regulatory requirements, such as FIFO, LIFO, and inventory valuation methods.