Inventory Supervisor

Job Objective:

To ensure product availability at the right time and place in the right quantities through accurate demand and supply planning, monitoring inventory levels, and optimizing product lifecycle management. This role aims to reduce operational costs and increase customer satisfaction.

Key Responsibilities and Duties:

• Develop and implement inventory management plans based on sales forecasts and demand analysis.
• Monitor stock levels daily and ensure product availability in line with minimum and maximum stock policies.
• Coordinate with purchasing, sales, and operations teams to align supply with actual and forecasted demand.
• Analyze product data, including stock turnover, slow-moving items, shortages, and excess inventory.
• Contribute to planning for product phase-outs or updates for underperforming SKUs.
• Improve inventory accuracy by reviewing and resolving discrepancies between system records and physical counts.
• Prepare periodic reports on inventory performance, demand and supply KPIs, and present insights to management.
• Track product shelf life, especially for items with expiration dates.
• Assist in setting and regularly updating reorder points and safety stock levels.
• Recommend improvements to inventory policies based on market trends and operational data.
• Supervise periodic and annual inventory counts and follow up on results and variances.
• Train and guide inventory staff to ensure tasks are performed in accordance with company procedures and standards.