Inventory Manager-FMCG

The Inventory Manager plays a crucial role in minimizing costs, maximizing profits, and ensuring customer satisfaction through effective inventory management practices.

Key Responsibilities:

1. Inventory Planning:
   

   • Develop and implement inventory planning strategies to optimize stock levels based on demand forecasts, sales trends, and seasonality.
     
   • Collaborate with sales, marketing, and production teams to understand product demand and plan inventory accordingly.
     

2. Order Fulfillment:
   

   • Monitor and manage purchase orders to maintain optimal stock levels and prevent stockouts or overstock situations.
     
   • Coordinate with suppliers to ensure timely and accurate delivery of goods, negotiating terms and agreements as necessary.
     

3. Inventory Control:
   

   • Implement and enforce inventory control procedures to minimize shrinkage, damages, and theft.
     
   • Conduct regular cycle counts and reconcile discrepancies between system records and physical inventory.
     

4. Data Analysis and Reporting:
   

   • Utilize inventory management software and tools to analyze data, generate reports, and provide insights on inventory performance.
     
   • Present key performance indicators (KPIs) and recommend improvements to enhance efficiency.
     

5. Cross-functional Collaboration:
   

   • Collaborate with various departments, including logistics, sales, finance, and production, to ensure alignment of inventory strategies with overall business goals.
     
   • Provide input into the development of sales and operational planning processes.
     

6. Vendor Management:
   

   • Build and maintain strong relationships with suppliers and negotiate favorable terms for pricing, lead times, and order quantities.
     
   • Evaluate supplier performance and address any issues that may impact inventory management.
     

7. Continuous Improvement:
   

   • Identify opportunities for process improvement in inventory management and implement best practices to enhance efficiency.
     
   • Stay abreast of industry trends and technological advancements to drive innovation in inventory management processes.
     

8. Compliance:
   

   • Ensure compliance with relevant regulations and industry standards related to inventory management.
     
   • Stay informed about changes in laws and regulations affecting inventory control.
     

Requirements

• Bachelor's degree in Supply Chain Management, Business Administration, or a related field.
  
• Proven experience as an Inventory Manager or in a similar role within the FMCG sector.
  
• Strong analytical and problem-solving skills.
  
• Excellent organizational and time-management abilities.
  
• Proficient in the use of inventory management software and Microsoft Office Suite.
  
• Effective communication and interpersonal skills.
  
• Ability to work collaboratively in a fast-paced environment.
  
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