Inventory Associate

Key Responsibilities

• Inventory Management & Control:
• Monitor and manage optimal stock levels to prevent overstocking, stock outs, and obsolescence.
• Oversee the accurate receipt, storage, and distribution/issuance of inventory items.
• Implement and manage effective inventory control procedures.
• Inventory Tracking & Reporting:
• Maintain detailed and up-to-date records of all inventory transactions (purchases, returns, adjustments)
• Utilize inventory management software/ERP systems to track stock movement, quantities, quality, and location.
• Generate and submit regular inventory reports (e.g., daily stock balance, consumption reports, stock variance) to management.
• Physical Audits and Reconciliation:
• Conduct regular physical inventory counts (e.g., cycle counts, quarterly or annual stock takes).
• Perform inventory reconciliation to ensure physical counts match recorded system levels.
• Investigate and resolve discrepancies in inventory counts and records.
• Procurement and Vendor Relations (often in collaboration with a Procurement/Finance team):
• Assist in calculating and forecasting future stock needs and reorder levels.
• Liaise with vendors and suppliers regarding inventory procurement, deliveries, and supply chain issues.
• Process and track purchase orders for inventory replenishment.
• Cost Management and Compliance:
• Monitor and assist in controlling inventory costs (e.g., Cost of Goods Sold - COGS).
• Support the finance/accounting department with inventory valuation (e.g., FIFO, LIFO).
• Ensure compliance with corporate policies, safety standards, and inventory accounting regulations.

Required Qualifications & Skills

• Education: Bachelor's degree or HND in Logistics, Supply Chain Management, Business Administration, or a related field (or equivalent practical experience).
• Experience: Proven experience (typically 2+ years) working in an inventory control, stock management, or warehouse environment.
• Technical Skills:
• Proficiency in Inventory Management Software (ERP systems).
• Strong competence in Microsoft Excel for data analysis and reporting.
• Familiarity with inventory best practices (e.g., cycle counting, reorder points, ABC analysis)

Job Type: Full-time

Pay: From Rs45,000.00 per month

Education:

• Bachelor's (Preferred)

Work Location: In person