This role is reporting to Material Planning Manager.
This role is responsible for ensuring stock accuracy and to ensure variance between physical inventory vs system updates and accurate reporting for accounting.
Lead, train and provide guidance to all involved stock movement to avoid overstock and out-of-stock situations.
Conduct regular inventory counts and audits to maintain accurate stock level, reconcile any variances and resolve inventory problems on a timelt basis.
Monitor stock transfers, ensuring timely and accurate updating in system.
Implement and enforce inventory control measures, such as proper labelling, tagging and categorization, to enhance stock accuracy and minimize errors.
Colloborate with cross-functional teams, mainly finance, manufacturing, procurement, ICT, to streamline and improve inventory management processes to minimize risk of inaccuracy.
Analyse inventory data and trends to identify stock variance, abnormalities, opportunities for optimization, cost reduction and process improvement.
Generate comprehensive reports on inventory performance, including key metrics, KPIs and areas for improvement.
Keep updated on industry best practices and emerging trends in inventory management and lead the implementation of innovate solutions.