Inventory Management Specialist

Placements24; Benoni; Hybrid; ZAR 300,000 - 460,000; Full time

Benefits offered by this job

Competitive salary

Hybrid work arrangement

Professional development opportunities

Supportive and collaborative team

Standard company benefits

Job summary

Placements24 is seeking an Inventory Management Specialist in Benoni, SA, to optimize stock levels and minimize carrying costs through precise procedures and data-driven planning. You will implement control policies, analyze stock data, forecast demand, and collaborate with procurement, sales, and warehousing to ensure product availability and cost efficiency in a balanced hybrid work model.

The role requires meticulous attention to detail, strong analytical skills, and proficiency with

Qualifications

• Bachelor's degree in supply chain, logistics, business admin, or related field.
• Proven experience in inventory management.
• Proficiency with SAP, Oracle or WMS and MS Excel.
• Strong analytical and problem-solving abilities.
• Excellent organizational and attention to detail.
• Ability to work in a hybrid on-site/remote setup.

Responsibilities

• Develop and implement inventory control procedures.
• Monitor optimal inventory levels across locations.
• Conduct cycle counts and physical inventories; investigate discrepancies.
• Analyze stock data to forecast demand and plan procurement.
• Identify slow-moving or obsolete stock.
• Collaborate with procurement, sales, and warehouse teams.
• Implement strategies to reduce holding costs and waste.
• Use inventory software to track movements and generate reports.
• Ensure compliance with inventory standards and regulations.
• Identify improvement opportunities in inventory management.

Skills

Inventory management

Analytical skills

Excel proficiency

SAP

Oracle

WMS

Communication

Hybrid work experience

Education

Bachelor's degree in Supply Chain Management, Logistics, Business Administration, or related field

Tools

SAP

Oracle

WMS

MS Excel

Job description

About the Role

Our client is seeking a meticulous and proactive Inventory Management Specialist to join their team based in Benoni, Gauteng, ZA . This hybrid role focuses on optimizing inventory levels, ensuring accuracy, and minimizing carrying costs while meeting demand. You will be responsible for implementing and refining inventory control procedures, analyzing stock data, and collaborating with various departments to forecast demand and manage stock effectively. The ideal candidate will have a strong understanding of inventory management principles, excellent analytical skills, and proficiency with inventory management software. This position offers a blend of on-site oversight and remote data analysis and planning, providing a balanced work experience. Your expertise will be vital in maintaining optimal stock levels, preventing stockouts and overstock situations, and contributing to the overall efficiency of the supply chain. We are looking for an individual who is detail-oriented, results-driven, and committed to best practices in inventory management. Your role is crucial for ensuring product availability and customer satisfaction, directly impacting profitability and operational effectiveness.

Key Responsibilities

• Develop and implement effective inventory control procedures and policies.
• Monitor and maintain optimal inventory levels across all storage locations.
• Conduct regular cycle counts and physical inventories, ensuring accuracy and investigating discrepancies.
• Analyze inventory data to forecast demand and plan procurement accordingly.
• Identify and manage slow-moving or obsolete stock.
• Collaborate with procurement, sales, and warehouse teams to ensure seamless inventory flow.
• Implement strategies to reduce inventory holding costs and minimize waste.
• Utilize inventory management software to track stock movements and generate reports.
• Ensure compliance with all relevant inventory management standards and regulations.
• Identify opportunities for process improvement in inventory management.

Requirements

• Bachelor's degree in Supply Chain Management, Logistics, Business Administration, or a related field.
• Proven experience in inventory management or a similar role.
• Strong understanding of inventory control techniques and best practices.
• Proficiency in inventory management software (e.g., SAP, Oracle, WMS) and MS Excel.
• Excellent analytical and problem-solving skills.
• Strong organizational and attention-to-detail abilities.
• Good communication and interpersonal skills for effective collaboration.
• Ability to work effectively in a hybrid model, balancing on-site responsibilities with remote planning and analysis.
• Knowledge of logistics and warehousing operations is beneficial.
• Proactive approach to identifying and resolving inventory issues.

Benefits

• Competitive salary package.
• Hybrid work arrangement providing flexibility.
• Opportunities for professional development and skill enhancement.
• Contribution to a key function within the supply chain.
• Supportive and collaborative team environment.
• Standard company benefits.