Inventory Team Lead at E'sorae Luxury

Location: Lekki, Lagos
Reporting Line: Head of Inventory
Start Date: Immediately

Job Summary

• The Inventory is at the heart of efficiency in E’sorae Luxury.
• The Inventory Supervisor is crucial to support lean production efficiency drive.
• Manage flow of inventory in a manner that efficiently manage flow of information to accommodate forecasted demand from Production
• Monitor material usage for efficiency and minimize operational wastage
• Clear inventory at all times from gluts by raising issues when inventory levels are high; and shortage when inventory levels are low
• Oversee stock counting exercises for preciseness and against errors

Responsibilities
Production Planning:

• Organize workflow to meet specifications and deadlines
• Work with the head of production to plan usage of materials
• Define monthly inventory levels for all materials in custody
• Review the Bill of Material templates for all products to develop an understanding of raw material needs per product
• Establish workflow policies that enhance speed and efficiency without compromising product safety or integrity
• Forecast inventory requirements weekly
• Review sales forecasts and customer demands to understand the product demands in the market for each season
• Plan the procurement process based on the production plan forecast, available raw materials and lead time
• Provide inventory data to the accounting department weekly.

Inventory Order Management:

• Monitor movement of goods in the inventory stores i.e. receiving and delivering goods from the warehouse
• Monitor raw materials in warehouse and finished goods in inventory stores for space management and proper management
• Monitor stock levels in raw materials warehouse and finished products stores to ensure efficient inventory management
• Evaluate raw materials waste vis-a-via production efficiency and capacity and report to management
• Monitor monthly stock usage

Audit and Review:

• Prepare report on the flow of raw materials
• Ensure Production sign-off on all items received on the ERP
• Liaise with Finance and Audit for reconciliation on items in the Inventory

Stock Counting:

• Plan for monthly stock counting exercise with Audit
• Ensure that inventory count figures is at fingertips at any point
• Ensure complete stock accounting of raw materials and finished goods

Health and Safety:

• Enforce health and safety precautions for employees working in inventory
• Ensure goods are properly stacked to avoid accidents and injury to employees
• Ensure that team follows company policies and safety standards
• Ensure all employees follow industry standard health and safety guidelines

Budgeting and Reporting:

• Establish workflow policies that enhance speed and efficiency without compromising product safety or integrity
• Align with production manager on cost control programs
• Analyse budget, continuously control procurement cost; identify
• Prepare and maintain regular inventory reports
• Communicate any problems or obstacles to senior management
• Evaluate performance and advise accordingly.
• Prepare procurement plans and progress reports as required
• Assist in measuring and assessing the performance of the company
• Establish performance goals for procurement and inventory department.
• Derive inventory metrics that can track departmental success.
• Monitor and report various metrics used by the department.

Innovation and Process Improvement:

• Suggest and support improvement process within the production process
• Recommend cost reduction initiatives
• Suggest process improvements to enhance production quality and capacity
• Develop production program and guidelines to support company objectives

Qualifications & Experience

• B.Sc Degree
• Minimum of five (5) years’ experience in Inventory Management in a similar or related industry
• Experience in multi-level warehouse management
• Understanding of Production Planning and Inventory Control Procedures
• Deep knowledge of production management
• Understanding of quality standards and health & safety regulations
• Knowledge of performance evaluation and budgeting concepts
• Proficient in MS Office
• Ability to coach and mentor employees on a one-on-one basis as well as a group
• Must possess the ability to handle responsibility and the pressure of meeting deadlines

Skills & Competency:

• Excellent organizational and leaderships skills
• Attention to detail and deadline-driven
• Strong decision-making skills and a result-driven approach
• Leadership and interpersonal skills
• Project management skills
• Excellent management skills
• Sound problem solving skills
• Good people management skill
• IT and numerical skills results
• Excellent planning skills
• Outstanding communication
• Reliable and trustworthy.
• High accuracy and attention to detail
• Excellent multi-tasking skills.
• Excellent time management skills
• Goal-oriented, organized team player.