Stock Assurance Executive 10N25

A Stock Assurance Executive plays a critical role in ensuring the effective management of inventory within an organization. As a Stock Assurance Executive, you will be responsible for maintaining accurate records of stock levels, ensuring that there is no discrepancy between physical stock and system stock levels, and implementing proper stock control measures. You will work closely with procurement, warehouse, and sales departments to ensure smooth operations and accurate forecasting of stock needs to prevent either shortage or surplus. You will use various technologies and systems to monitor stock movements and perform regular audits to enforce compliance with the company's inventory policies. This role requires a high level of organization, attention to detail, and the ability to analyze data effectively to make informed decisions that optimize inventory management and reduce costs.

Responsibilities

• Conduct regular audits of inventory to ensure accurate stock levels and records.
• Collaborate with procurement and sales teams to forecast future stock needs accurately.
• Implement and maintain effective stock control procedures and systems.
• Generate and analyze reports on stock levels, discrepancies, and performance metrics.
• Investigate and resolve discrepancies between physical and system stock records promptly.
• Ensure compliance with organizational and industry-wide inventory management standards.
• Manage stock receiving, storing, and issuing processes in an efficient manner.
• Develop strategies to optimize inventory levels and reduce carrying costs effectively.
• Provide training and support to team members on inventory management practices.
• Ensure smooth coordination between warehouse, procurement, and sales departments.
• Implement security measures to prevent theft, damage, or loss of inventory.
• Participate in developing and implementing stock control and management policies.

Requirements

• Bachelor's degree in Supply Chain Management, Business Administration, or related field.
• Minimum of 3 years of experience in inventory management or related roles.
• Proficiency in inventory management software and Microsoft Office Suite.
• Strong analytical skills with the ability to interpret complex data accurately.
• Excellent communication and organizational skills to collaborate with diverse teams.
• Detail-oriented with a strong focus on accuracy and problem-solving abilities.
• Ability to work under pressure and manage multiple tasks with strict deadlines.