To lead, control, and optimize the Group's inventory management function, ensuring accuracy, efficiency, and financial integrity across all business units. The role is responsible for establishing strong inventory governance, improving working capital utilization, and aligning inventory processes with operational and financial objectives.
1. Strategic Inventory Governance
- Develop and implement Group-wide inventory policies, procedures and control frameworks.
- Drive alignment between Operations, Finance, Procurement and Supply Chain to ensure consistent inventory practices.
- Establish and monitor key inventory KPIs, including inventory turnover, aging, excess/obsolete stock and inventory accuracy.
- Drive continuous enhancement of inventory governance in line with Management expectations and business requirements.
2. Inventory Control, Accuracy & Daily Monitoring
- Oversee stock valuation, reconciliation and reporting, ensuring accuracy between system records and physical stock.
- Establish daily online monitoring of key components and critical inventory, including stock availability, consumption, coverage and potential shortages.
- Implement an early-warning mechanism for critical stock levels, abnormal movements, shortages, excess inventory and potential production risks.
- Coordinate periodic stock counts, cycle counts and audits to ensure compliance and transparency.
- Lead investigation and timely resolution of inventory variances and control weaknesses.
3. Process Optimization, Digitalization & System Enhancement
- Champion inventory optimization, automation and digitalization initiatives, including ERP/system enhancements and barcode/RFID solutions where applicable.
- Enhance real-time inventory visibility and online monitoring capabilities, particularly for key and critical components.
- Streamline material flow, stock classification and inventory documentation processes.
- Collaborate with IT, Warehouse, Procurement and Operations to improve system integrity, data accuracy and timely availability of inventory information.
4. Financial & Operational Integration
- Partner with Finance to ensure accurate COGS, stock valuation and provisioning.
- Support budgeting and forecasting by providing accurate and timely inventory-related data.
- Drive initiatives to reduce excess, obsolete and slow-moving inventory while maintaining appropriate stock availability for operations.
- Provide analysis on inventory trends, risks and working-capital impact to support management decision-making.
5. Leadership, Management Reporting & Stakeholder Engagement
- Lead and develop the Inventory Management team to strengthen analytical, operational and control capabilities.
- Work closely with Production, Procurement, Warehouse, Finance and other stakeholders to proactively address inventory risks and issues.
- Provide regular management reporting and actionable insights on key-component status, stock levels, shortages, aging, inventory risks and improvement actions.
- Liaise with internal and external auditors on inventory matters and ensure timely closure of audit findings.
- Drive continuous improvement initiatives to achieve greater inventory visibility, accuracy, control and responsiveness
Job Requirement
- Minimum Education: Degree in Finance or Accounting or equivalent field.
- Minimum 8 years' relevant experience in Finance
- Strong knowledge of inventory management, stock control and optimization.
- Good analytical and problem-solving skills with strong attention to accuracy.
- Ability to communicate and work effectively across different functions.
- Proficient in Excel and SAP/ERP systems, including inventory monitoring and reporting