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Job Summary

A stock manager oversees an organization's inventory. It's their job to track and monitor inventory and develop processes to maximize efficiency. As a stock manager, your primary responsibility would be to manage the stock levels of the warehouse. Your typical duties include creating inventory plans, organizing distribution, and negotiating new contracts with suppliers.

  • Minimum Qualification : Degree
  • Experience Level : Mid level
  • Experience Length : 2 years

Job Description/Requirements

Responsibilities:

  • Monitoring the stock of a company's raw materials, unfinished goods and ready-to-sell items
  • Performing physical inventory counts periodically to ensure the data records match the actual inventory levels
  • Placing purchase orders with suppliers to replenish stock
  • Collecting and analysing historical data using statistical tools to forecast demand for different products
  • Working with inventory management software to track inventory levels, set reorder points, manage purchase orders and generate reports
  • Determining the safety stock levels to reduce the risk of stock outs during unusual periods of supply and demand
  • Coordination with sales, logistics and production to streamline the inventory management process.
  • After inventory counting, you require replenishing items out of stock in the warehouse. This requires you to place orders with suppliers or vendors and track the shipment from its inception until delivery to the warehouse.
  • Maintaining good relationships with them can help you negotiate better prices, improve delivery time and ensure quality standards.
  • You may also help the store or company get exclusive access to newly launched products, helping attract new customers, increase sales and profit and gain a competitive advantage in the market.
  • Overstocking can result in increased storage costs and wastage, whereas under stocking can cause a decrease in sales and profits for a company. As a stock manager, one of the primary responsibilities is for you to devise strategies to optimize stock control.


Requirements:

  • Minimum academic qualification of HND degree in any discipline
  • 2 years of working experience


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