The Assistant Manager – Inventory will be responsible for overseeing end-to-end inventory operations, ensuring optimal stock levels, accurate inventory records, efficient warehouse coordination, and timely movement of materials across locations. The role will lead the inventory and logistics team, establish effective inventory control processes, monitor stock accuracy, and ensure smooth coordination between procurement, warehouses, operations, and other relevant departments.
The ideal candidate should have strong leadership, analytical, and organizational skills with hands-on experience in inventory management, logistics operations, stock control, and team management.
Job Responsibilities:
Inventory Management
- Oversee the complete inventory management process, including receiving, storage, issuance, transfers, returns, and reconciliation of inventory.
- Maintain optimal inventory levels while minimizing excess, obsolete, slow-moving, and stock-out situations.
- Ensure accurate and timely recording of inventory transactions in the ERP/system.
- Conduct regular physical stock counts, cycle counts, and periodic inventory audits.
- Investigate and resolve discrepancies between physical stock and system records.
- Monitor inventory movement and identify trends, variances, and potential risks.
- Develop and maintain inventory control procedures, policies, and SOPs.
- Ensure proper categorization, labeling, storage, and handling of inventory.
Logistics & Warehouse Coordination
- Coordinate with warehouse and logistics teams to ensure timely and accurate movement of materials between locations.
- Monitor inbound and outbound inventory activities and ensure proper documentation.
- Coordinate stock transfers between warehouses, branches, sites, and other operational locations.
- Ensure efficient utilization of warehouse space and proper inventory arrangement.
- Monitor transportation and delivery schedules to ensure timely movement of inventory.
- Coordinate with Procurement, Operations, Finance, and other departments regarding inventory requirements and movement.
- Ensure compliance with company policies and relevant safety and operational standards.
- Lead, supervise, and manage the inventory and logistics team to ensure smooth day-to-day operations.
- Allocate tasks and responsibilities among team members based on workload and operational requirements.
- Set team targets and KPIs and regularly monitor individual and departmental performance.
- Conduct performance reviews and provide continuous coaching, guidance, and feedback to team members.
- Identify training and development needs and facilitate appropriate learning opportunities.
- Maintain discipline, accountability, and professional standards within the team.
- Ensure adequate manpower planning and effective utilization of team resources.
- Resolve operational issues and team-related matters in a timely and professional manner.
Reporting & Analysis
- Prepare and present regular inventory and logistics reports to management.
- Monitor key inventory KPIs, including stock accuracy, inventory turnover, stock aging, stock-outs, excess inventory, and reconciliation variances.
- Analyze inventory data to identify inefficiencies, risks, and opportunities for cost reduction.
- Maintain accurate records and documentation related to inventory movement and reconciliation.
- Provide management with insights and recommendations regarding inventory planning and operational improvements.
Process Improvement & Cost Control
- Identify opportunities to improve inventory accuracy, warehouse efficiency, and logistics processes.
- Develop and implement measures to reduce inventory losses, damages, wastage, and operational costs.
- Review existing inventory and logistics processes and recommend improvements.
- Support the implementation and enhancement of ERP/WMS systems and inventory-related processes.
- Establish appropriate controls to minimize pilferage, unauthorized issuance, and inventory loss.
- Ensure compliance with approved inventory policies, procedures, and internal controls.
Key Performance Indicators (KPIs)
- Inventory accuracy and reconciliation rate
- Stock-out and excess inventory levels
- Inventory turnover
- Slow-moving and obsolete inventory
- Warehouse and stock handling efficiency
- Timeliness of inventory movement and transfers
- Inventory loss, damage, and variance
- Team productivity and performance
- Compliance with inventory SOPs and audit requirements
- Logistics and inventory-related cost efficiency
Job Requirements:
- Bachelor's degree in Supply Chain Management, Logistics, Business Administration, Operations Management, or a relevant field.
- 4–7 years of relevant experience in inventory management, logistics, warehouse operations, or supply chain, with prior team-management experience.
- Strong knowledge of inventory control, stock reconciliation, warehouse operations, and logistics processes.
- Experience working with ERP/WMS or inventory management systems.
- Strong analytical, problem-solving, and reporting skills.
- Excellent team leadership and people-management capabilities.
- Strong communication and coordination skills.
- Proficiency in MS Excel and inventory reporting tools.
- Ability to manage multiple priorities and work effectively in a fast-paced operational environment.