Inventory and Procurement Officer

Responsibilities:

Inventory Management:

• Implement and maintain effective inventory control systems to accurately track and monitor stock levels.
• Conduct regular stock audits, cycle counts, and reconciliation activities to ensure inventory accuracy.
• Analyze demand patterns, sales data, and forecasts to optimize inventory levels and prevent stockouts or excess inventory.
• Coordinate with relevant departments to identify and address inventory discrepancies, damages, and obsolescence.
• Develop and implement strategies to improve inventory turnover, minimize carrying costs, and optimize space utilization.

Procurement:

• Collaborate with the sales department to determine procurement needs, specifications, and timelines.
• Identify potential suppliers, evaluate their capabilities, negotiate terms, and establish vendor relationships.
• Prepare and issue purchase orders, ensuring accuracy, completeness, and adherence to procurement policies.
• Monitor supplier performance, including delivery times, quality, and pricing, and promptly resolve any discrepancies.
• Continuously review and improve procurement processes to enhance efficiency, cost-effectiveness, and supplier selection.

Supply Chain Coordination:

• Work closely with logistics and warehouse teams to ensure seamless coordination of inbound and outbound shipments.
• Monitor and track orders, shipments, and deliveries to guarantee the timely and accurate receipt of goods.
• Collaborate with the sales department to forecast demand, plan for seasonal fluctuations, and manage inventory replenishment.
• Work with other departments to address any supply chain disruptions, delays, or quality concerns.
• Implement best practices and industry standards to optimize supply chain operations and enhance overall efficiency.

Data Analysis and Reporting:

• Collect, analyze, and interpret data related to inventory levels, product sales, procurement activities, and supplier performance. Generate reports, dashboards, and key performance indicators to provide insights and recommendations for process improvements.
• Identify trends, patterns, and opportunities for cost savings, risk mitigation, and operational enhancements.
• Present findings and recommendations to management, highlighting areas for optimization and potential cost reduction.

Requirements:

• Flexibility and adaptability in a fast-paced and dynamic work environment.
• He/she should live within the Ejigbo, Isolo, and Oshodi Axis of Lagos State.
• Excellent communication and interpersonal skills.
• Ability to work collaboratively with colleagues and management.
• Proximity to the location is of the essence

Location: Isolo, Lagos