Inventory Controller

The candidate will liaise with the Finance team for timely inventory management and should possess good ERP experience while controlling the inventory.

Roles & Responsibilities

MAIN DUTIES/RESPONSIBILITIES:

• Manage and oversee the entire inventory management process for the company, ensuring optimal stock levels, inventory control, and material flow.
• Develop and implement comprehensive inventory management policies, procedures, and best practices to maintain efficient and cost-effective inventory operations.
• Collaborate with division and logistics teams to forecast, plan, and manage inventory levels based on production schedules, sales forecasts, and lead times.
• Monitor and analyze inventory data, including stock levels, usage patterns, turnover rates, and stock discrepancies, to identify areas for improvement.
• Establish and maintain effective inventory control systems, including cycle counting, ABC analysis, and perpetual inventory management.
• Optimize inventory storage and handling procedures and inventory storage methods.
• Manage and coordinate the receiving, storage, and distribution of raw materials, work-in-progress, and finished goods to ensure timely delivery and minimize operational disruptions.
• Oversee the maintenance of accurate and up-to-date inventory records, ensuring the integrity and reliability of inventory data.
• Identify and implement process improvements, technologies, and systems to enhance inventory visibility, accuracy, and efficiency.
• Develop and monitor key performance indicators (KPIs) to measure the effectiveness of inventory management, and take corrective actions as needed.
• Collaborate with cross-functional teams to align inventory management strategies with production, sales, and financial objectives.
• Ensure compliance with relevant regulations, industry standards, and internal policies related to inventory management.
• Provide training and guidance to inventory control personnel on best practices, systems, and procedures.
• Prepare and present inventory performance reports to management, highlighting trends, issues, and recommendations.

SKILLS & EXPERIENCE

Qualifications:

• Bachelor's degree in Supply Chain Management, Logistics, Operations, or a related field.
• Professional certification in inventory management, such as APICS CPIM or CLTD, is preferred.

Experience:

• Minimum 10 years of progressive experience in inventory management, preferably in a manufacturing or industrial environment.
• Demonstrated expertise in developing and implementing comprehensive inventory management strategies and best practices.
• Proficient in the use of inventory management software, ERP systems, and data analysis tools.
• Thorough understanding of inventory control techniques, such as ABC analysis, just-in-time (JIT) inventory, and lean manufacturing principles.

Soft Skills:

• Strong problem-solving and analytical skills to identify and address inventory-related issues.
• Excellent communication and interpersonal skills to collaborate effectively with cross-functional teams.
• Ability to make data-driven decisions and provide well-reasoned recommendations.
• Attention to detail and a commitment to accuracy in inventory management.
• Adaptability to changing business requirements and inventory management best practices.
• Strategic thinking and the ability to align inventory management objectives with broader organizational goals.

Technical Skills:

• Proficiency in inventory management software, ERP systems, and data analysis tools.
• Expertise in inventory planning, forecasting, and optimization techniques.
• Knowledge of warehouse management systems, material handling equipment, and storage methods.
• Understanding of production planning, procurement, and logistics processes and their impact on inventory management.
• Familiarity with lean manufacturing principles and techniques to drive inventory optimization.

Company Industry:

• Trading

Department / Functional Area:

• Logistics