Inventory Management Coordinator 02F25

The Inventory Management Coordinator is a critical role within the logistics and supply chain sector, responsible for maintaining optimal inventory levels to meet customer demands while minimizing costs. This position entails monitoring inventory levels, analyzing data to forecast future inventory needs, and coordinating with various departments to ensure smooth operations. The coordinator will leverage technology and best practices to implement efficient inventory management strategies and optimize stock levels. Additionally, they will play a vital role in reducing waste and improving the company's overall profitability. This role demands strong analytical skills, attention to detail, and excellent communication abilities to coordinate effectively with suppliers, management, and other stakeholders.

Responsibilities

• Oversee daily inventory operations to ensure accuracy and efficiency are maintained.
• Analyze stock levels regularly and manage the reordering of inventory supplies.
• Coordinate with suppliers and vendors to improve inventory management processes.
• Develop inventory policies and procedures to enhance operational effectiveness.
• Collaborate with the finance department to reconcile inventory discrepancies.
• Conduct inventory audits to ensure accuracy in stock levels and records.
• Implement inventory control techniques to minimize excess and obsolete stock.
• Utilize inventory management software to forecast inventory needs accurately.
• Prepare and present detailed inventory reports to senior management regularly.
• Liaise with warehouse staff for efficient goods receipt and shipping processes.
• Ensure compliance with health, safety, and environmental policies in inventory management.
• Lead training sessions for staff on inventory management best practices and tools.

Requirements

• Bachelor’s degree in supply chain management, logistics, or business administration.
• Minimum of three years of experience in inventory management or a related field.
• Proficiency in inventory management software and Microsoft Office Suite is essential.
• Strong analytical skills with the ability to work with complex data sets.
• Excellent organizational and multitasking skills to handle multiple priorities.
• Exceptional communication and negotiation skills for vendor and stakeholder relations.
• Strong problem-solving abilities to address inventory discrepancies efficiently.