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Inventory Management Executive

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Job Summary

HR Force International is looking for an organized and detail-oriented Inventory Management Executive to oversee and manage our inventory processes. This role is vital in ensuring that inventory levels meet the needs of our operations while minimizing excess and obsolescence. The successful candidate will collaborate closely with various teams to maintain optimal stock levels and facilitate smooth operations.

Key Responsibilities

Monitor and manage inventory levels across various locations to ensure optimal stock availability.
Conduct regular inventory audits and reconciliations to ensure accuracy and compliance.
Utilize inventory management software to track stock movements, manage orders, and report on inventory performance.
Develop and implement inventory control policies and procedures to improve inventory accuracy and efficiency.
Collaborate with procurement and sales teams to forecast inventory needs based on demand trends and sales forecasts.
Analyze inventory turnover rates and make recommendations to reduce excess stock and minimize potential obsolescence.
Maintain accurate inventory records, including receiving, stocking, and shipping activities.
Assist in the development of budgets and forecasts related to inventory management.
Coordinate with warehouse personnel to ensure the efficient movement and storage of inventory items.
Prepare inventory reports and present findings to management on a regular basis.
Identify and resolve discrepancies in inventory counts and communicate findings to relevant stakeholders.
Implement best practices for inventory management to enhance overall efficiency and accuracy.
Prepare for and facilitate physical inventory counts as required.
Other duties as assigned by management.

Qualifications & Skills

Education: Bachelor’s degree in Supply Chain Management, Business Administration, or a related field.
Experience: Minimum of 2-4 years of experience in inventory management, supply chain, or logistics.
Technical Skills: Proficiency in inventory management systems and MS Office, particularly Excel.
Analytical Skills: Strong analytical and problem-solving abilities, with attention to detail.
Organizational Skills: Excellent organizational and time management skills, with the ability to prioritize tasks effectively.
Communication Skills: Strong verbal and written communication skills for working with various teams and presenters.
Team-oriented: Ability to work collaboratively in a team environment as well as independently.
Preferred Qualifications: Experience in ERP systems or other inventory management software is a plus.

Average salary estimate

$70000 / YEARLY (est.)

min

max

$60000K

$80000K

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What You Should Know About Inventory Management Executive, HR Force International

At HR Force International, we're on the hunt for an Inventory Management Executive who thrives in an organized and detail-oriented environment! If you’re passionate about ensuring that inventory processes run smoothly, then this might just be the perfect role for you. As our Inventory Management Executive, you'll be the heartbeat of our operations, keeping an eagle eye on inventory levels across locations to ensure we have just the right amount of stock available. Your proactive mindset will shine as you conduct regular audits and reconciliations, using your tech-savvy skills with inventory management software to track movements and provide crucial reports. Collaboration is key in this position; you'll work closely with our procurement and sales teams to forecast needs, analyze turnover rates, and implement effective inventory control policies. With your solid analytical skills and knack for problem-solving, you'll make insightful recommendations to minimize excess stock. This role isn't just about numbers; it's also about communication, as you'll regularly present your findings to management and coordinate with warehouse teams for efficient operations. If you hold a Bachelor’s degree in Supply Chain Management or a related field and have 2-4 years of experience in inventory management, you’ll fit right in. Bring your organizational skills, a team-oriented attitude, and a willingness to implement best practices, and let’s take inventory management to the next level together!

Frequently Asked Questions (FAQs) for Inventory Management Executive Role at HR Force International

What are the main responsibilities of an Inventory Management Executive at HR Force International?

The Inventory Management Executive at HR Force International is responsible for monitoring inventory levels, conducting regular audits, and utilizing inventory management software to track stock movements. They also collaborate with procurement and sales teams to forecast inventory needs and develop policies to optimize inventory accuracy and efficiency.