Inventory Officer
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Job summary
An inventory officer oversees an organization's stock levels, ensuring a steady supply of goods while minimizing shortages and overstock. They track stock movements, conduct physical audits, and maintain precise database records to optimize supply chain operations and prevent financial loss.
Min Qualification:
Degree
Experience Level:
Entry level
Experience Length:
2 years
Language Requirement:
English
Working Hours:
Full Time - 8 to 5
Applicant Location:
Lagos, Nigeria
Job descriptions & requirements
Responsibilities:
- Stock Monitoring & Control: Track daily stock levels, ensure optimal inventory availability, and trigger replenishment alerts to procurement teams to prevent stockouts.
- Receiving & Inspection: Oversee incoming shipments by verifying delivered quantities, inspecting goods for damage, and checking them against purchase orders or delivery notes.
- Record Keeping: Update and maintain comprehensive inventory databases or Enterprise Resource Planning (ERP) systems (e.g., SAP, Oracle) to reflect all stock transactions, adjustments, and movements.
- Audits & Reconciliation: Conduct regular cycle counts and physical stock audits. Identify discrepancies, investigate root causes, and reconcile physical counts with recorded figures.
- Storage & Organization: Label and tag inventory correctly, and store items in designated warehouse areas to maximize space efficiency and accessibility.
- Reporting: Prepare and submit routine reports (e.g., aging analysis, stock variance, turnover ratios) to management to assess inventory performance.
- Compliance & Loss Prevention: Ensure storage facilities are secure and enforce corporate inventory and loss prevention policies to minimize shrinkage, theft, or obsolescence.
Requirements:
- Education: Bachelor’s degree in Business Administration, Logistics, Supply Chain Management, Accounting, or a relevant field.
- Experience: 2–3 years of proven experience in inventory control, warehouse operations, or supply chain management.
- Technical Skills: Proficiency with inventory management software, WMS (Warehouse Management Systems), and advanced Microsoft Excel.
- Analytical Abilities: Strong mathematical skills, keen attention to detail, and the ability to analyze forecasting trends.
- Interpersonal Skills: Excellent communication skills to coordinate effectively with logistics, procurement, and the warehouse.
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