Additionally, you will be expected to develop and implement inventory control policies, procedures, and best practices to streamline inventory management processes, minimize inventory shrinkage, and optimize inventory turnover, thereby contributing to cost savings and improved profitability for the organization.
Collaborate closely with procurement and production teams to forecast demand, plan inventory levels, and place orders with suppliers to prevent stockouts and minimize carrying costs, thereby enhancing the overall efficiency of the supply chain.
Manage and oversee the accurate and efficient control of inventory levels, ensuring that the organizations stock is well-balanced to meet customer demands and minimize any excess or outdated inventory.
Regularly carry out audits of inventory movements and reconcile any discrepancies to maintain a high level of accuracy in the inventory database and ensure compliance with company policies and procedures.
