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JOB OBJECTIVE:
The Inventory Officer is responsible for managing and overseeing all aspects of the store inventory management, including stock control, storage, and issuance of materials. This involves maintaining optimal stock levels, tracking inventory, ensuring the accuracy of inventory records, and implementing measures to minimize stockouts as well as prevent excess stocking. The Inventory Officer will work closely with various departments to ensure smooth operations and efficient supply chain management.
Key Accountabilities
- Receive, inspect, and record incoming materials, verifying quantity, quality, and condition against purchase orders.
- Monitor and control inventory levels, track stock movements, and conduct regular stock counts to ensure accuracy of inventory records.
- Update inventory ERP systems to reflect stock transactions, adjustments, and movements accurately.
- Coordinate with procurement teams to place orders for replenishment stock, ensuring timely delivery and availability of inventory items.
- Prepare and present weekly inventory reports showing summaries of receipts, issuances, opening stock, closing balance, stock variances, and other required documentation.
- Investigate and resolve discrepancies in inventory records promptly.
- Collaborate with other departments to forecast inventory needs, plan accordingly, and implement inventory control procedures and best practices.
- Maintain compliance with organizational policies, safety standards, and regulatory requirements related to inventory management.
