Inventory Management: You'll oversee the daily operations related to inventory. This includes tracking stock levels, monitoring product movement, and ensuring that there's enough stock to meet demand without having excess that ties up capital.
Record Keeping and Audits: A core responsibility is maintaining accurate records of all inventory transactions. This involves conducting regular physical counts and cycle counts to reconcile with the system data and identify any discrepancies.
Forecasting and Planning: You'll analyze sales data and trends to predict future inventory needs. This allows for effective planning and helps avoid both stockouts (when an item is out of stock) and overstocking (when there's too much inventory).
Coordination: Collaboration is key. You'll work closely with other departments like purchasing, sales, and logistics to ensure a seamless flow of goods. This involves communicating with suppliers about incoming deliveries and with the warehouse team about storage and distribution.
Process Improvement: You'll be expected to identify bottlenecks and implement strategies to improve efficiency. This could involve streamlining workflows, using new inventory management software, or developing new procedures to minimize errors and reduce costs.