Inventory Coordintor

Job Role:

The Inventory Coordintor is responsible for overseeing and optimizing all aspects of stock control, ensuring that the right products are available at the right time and in the right quantities. This role involves managing inventory accuracy, preventing stock-outs or overstocking, and supporting sales and operational teams through efficient inventory planning and control.

Key Responsibilities:

Inventory Planning & Control: Forecast demand, plan replenishments, and maintain optimal stock levels to meet sales requirements while minimizing excess inventory.

Stock Monitoring: Track and review inventory movement, ensuring real-time accuracy through periodic cycle counts and physical stock audits.

Vendor & Supplier Coordination: Work closely with suppliers to manage lead times, resolve delivery discrepancies, and ensure timely product availability.

Inventory System Management: Utilize inventory management software to update stock data, monitor product life cycles, and generate reports for decision-making.

Loss Prevention: Identify and investigate discrepancies, prevent theft or damage, and implement measures to reduce shrinkage.

Reporting & Analysis: Prepare regular inventory reports on stock status, turnover rates, aging stock, and suggest improvements for stock optimization.

Process Improvement: Develop and implement inventory control procedures to enhance efficiency, accuracy, and cost-effectiveness.

Compliance & Safety: Ensure all inventory operations comply with legal, safety, and company regulations.