Job Purpose:
The Inventory Control Manager is responsible for planning, managing, and ensuring the accuracy and integrity of inventory across all projects and central stores. This role leads the inventory control team to execute stock counts, monitor transactions, resolve discrepancies, enforce policies, and drive analytics for improved inventory efficiency and capital savings.
Key Responsibilities:
1. Inventory Control & Execution Management
- Develop and implement comprehensive stock count plans across projects and central stores.
- Supervise inventory controllers to ensure accurate and timely physical counts.
- Analyze inventory variances, approve adjustments, and ensure proper posting in ERP.
- Monitor and review all inventory transactions including receipts, issues, transfers, and write-offs.
- Identify and resolve inventory booking, costing, and pricing discrepancies promptly.
- Ensure real-time and accurate inventory data updates in ERP systems.
- Implement cycle counts and ad hoc spot checks based on material risk profiles.
- Maintain audit-ready documentation and coordinate audit support activities.
- Track and report on inventory accuracy KPIs; drive continuous improvement initiatives.
- Initiate actions to reduce aged, excess, and slow-moving inventory to optimize capital usage.
2. Policy Development & Compliance Oversight
- Lead the development, implementation, and enforcement of inventory control policies and procedures.
- Standardize inventory management practices across all projects and stores.
- Monitor compliance to policies and take corrective actions when deviations occur.
- Conduct regular training sessions and knowledge sharing for inventory control teams.
- Liaise with audit, finance, and operations teams to ensure adherence to internal controls and regulatory standards.
3. Analytics, Systems & Reporting
- Lead the design and implementation of inventory data analytics to support operational and financial decision-making.
- Develop and maintain dashboards to monitor stock levels, aging, consumption trends, and exceptions.
- Collaborate with IT to enhance ERP functionalities and introduce automation tools where applicable.
- Use data-driven insights to support strategic initiatives like procurement optimization and capital reduction.
- Prepare and present regular management reports highlighting inventory performance, risks, and improvement opportunities
- Qualifications & Skills:
- Bachelor’s degree in supply chain, Logistics, Business Administration, or related field.
- Minimum 5 - 8 years of experience in inventory management within large-scale operations, preferably construction or manufacturing.
- Strong knowledge of inventory control principles, ERP systems, and audit compliance.
- Analytical mindset with proficiency in data analytics and reporting tools.
- Excellent leadership, communication, and problem-solving skills.
- Ability to manage cross-functional collaboration effectively.