Inventory Control Officer

2.00 to 4.00 Years   Al Kuwait, Kuwait   18 Feb, 2021
Job LocationAl Kuwait, Kuwait
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryConsumer Packaged Goods Manufacture; Retail & Wholesale; FMCG
Functional AreaNot Mentioned

Job Description

  • Responsible for providing oversight of all financial aspects and Inventory Operations.?In addition to implementing and monitoring inventory controls, verifying purchases/expenses and reviewing reported revenues in line with Policies and Procedures.
  • Responsible to maintain and create Inventory cost according GAAP rules
  • Control analyze and report Inventory Costs results and source to settle variances on a monthly basis to business partners by providing high level commentary and estimates for recurring events to stakeholders
  • Review and ensure accurate Inventory cost data is reported per Department in monthly cost, sales and inventory consolidation report
  • Work closely on operational, inventory and cost related matters
  • Establish and implement cost control system and cost category for each business unit.
  • Achieve Inventory Budget objectives by monitoring Inventory expenditure, analyzing variances and initiating corrective actions when required.
  • Evaluate standard costs, determine theoretical cost and selling price, and provide recommendations on cost control.
  • Protect assets by establishing, monitoring and enforcing internal controls to ensure minimum waste and maximum return on Inventory.
  • Prepare monthly Inventory reports by collecting, analyzing and summarizing information and trends relating to all Inventory.
  • Supervise stocktaking process in stores, kitchens and Warehouses, and investigate and trace inventory discrepancies.
  • Ensure proper record keeping of inventories, track and audit all inventory processes.
  • Oversee preparation of all reports relating to Inventory costing, ensure costs are allocated correctly to each business unit.
  • Verify daily outlet void control sheets, control daily complimentary, FOC and business recovery transactions for all Inventory.
  • Perform other duties related to the job as assigned by the Direct Manager.

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