Inventory Officer

2 weeks ago

Lagos, Lagos, Nigeria Alpha Mead Group Full time

Job Details

  • Monitor and control inventory levels, tracking stock movements, and conducting regular stock counts to ensure the accuracy and completeness of inventory records.
  • Implement effective inventory control procedures to ensure that no inventory is taken out of the storage facility without appropriate approval.
  • Receive, inspect, and record incoming inventory shipments, verifying quantities, quality, and condition of goods and materials received against purchase orders
  • Update inventory databases, systems, or spreadsheets to reflect stock transactions, adjustments, and movements, maintaining up-to-date and accurate inventory records.
  • Generate inventory reports, including stock levels, aging analysis, and inventory turnover ratios, to assess inventory performance and identify trends or issues.
  • Analyze demand patterns, purchase or sales forecasts, and historical data to forecast inventory requirements, set reorder points, and determine optimal stock levels.
  • Coordinate with the Contract and Procurement unit to place orders for replenishment stock, ensuring timely delivery and availability of inventory items.
  • Manage stock rotation, shelf-life tracking, and expiry date monitoring for perishable or time-sensitive goods, minimizing waste and spoilage.
  • Implement inventory control measures to optimize inventory turnover and minimize obsolescence.
  • Reconcile physical stock counts with inventory records, investigating discrepancies, and resolving inventory variances.
  • Identify and investigate inventory discrepancies, stock shortages, or surplus inventory, conducting root cause analysis and implementing corrective actions.
  • Collaborate with the Central Operations Unit to ensure efficient storage, handling, and distribution of consumables and other items to project sites
  • Develop and maintain relationships with suppliers, vendors, and service providers whilst collaborating with the contract and procurement team in negotiating terms, pricing, and delivery schedules to ensure a reliable supply of inventory items.
  • Implement inventory management best practices, standard operating procedures SOPs, and quality standards to improve efficiency and accuracy in inventory control processes.
  • Stay updated on industry trends, best practices, and regulatory requirements in inventory management, participating in training, workshops, and professional development activities.
  • Execute other duties as assigned by Operations Support Manager

Qualifications

  • First degree in Business Administration, Supply Chain Management, or any related field
  • Minimum of 4 years of experience in inventory management, stock control, or warehouse operations, preferably in a real estate, retail, or distribution environment.
  • Strong analytical and numerical skills, with the ability to analyze inventory data, interpret trends, and make data-driven decisions.
  • Proficiency in inventory management software, ERP systems, and Microsoft Office suite Excel, Word, Outlook.
  • Excellent communication skills expressed both in written and oral
  • Excellent organizational and time management skills
  • Attention to detail and accuracy in inventory record-keeping, stock tracking, and data entry.
  • Effective interpersonal skills, with the ability to work collaboratively with cross-functional teams and external stakeholders.
  • Problem-solving and decision-making abilities, with the capacity to identify issues, analyze root causes, and implement effective solutions.
  • Commitment to continuous improvement, focussing on optimizing inventory processes, reducing costs, and enhancing efficiency.

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