Inventory Management Specialist at LIPTON Teas and Infusions

• The Inventory Management Specialist is responsible for the overall supply chain management of goods. They manage the entire order cycle to enhance business development and ensure sustainability and customer satisfaction. The Inventory Management Specialist forecasts how much inventory will be needed by a specific date in order to satisfy business expectations.

Accountabilities 

Stores and Inventory Management

• Oversee inventory and supply chain management according to company guidelines
• Perform critical inventory tasks to ensure the correct number of items are in stock
• Maintain updated and accurate records of inventory, including transfers and cycle counts
• Review documentation and monitor product codes to search for discrepancies; troubleshoot quantity discrepancies between stock and records
• Develop and implement improvements to existing operational procedures in order to maximize efficiency and cut operations costs
• Respond to Purchase inquiries and purchase orders; collect and analyze data to determine appropriate order quantities; process orders for shipment
• Review operations schedules and production requirements to ensure timely order fulfilment
• Track rates of accuracy, purchase and return as well as defective items to inform quality control decisions
• Prepare, generate, and file financial inventory reports, review reports monthly with management
• Nurture positive relationships with suppliers and provide customer service as needed

Logistics

• Supports the procurement process to ensure on Time receipt of purchased goods & Return of defects
• Timely delivery of stocks to the respective units
• Route planning and management of unit trucks

Administration

• Approval of Purchase Requests (PR) and Purchase Orders (PO) in the ERP system as per the approval limits
• Clerical Team management and employee welfare within the unit 
• Management and filing of documentation within the stores

Reporting

• Preparation and circulation of Key performance indicators for the unit
• Daily, Weekly and Monthly stocks report
• Safety, health, environment and quality (SHEQ) in the stores department

Qualifications and Experience Required

Qualifications

• Degree in Business Administration, Supply Chain Management, Logistics or Business-related field.
• At least 3 years, relevant experience in Inventory Management/Logistics
• Skills in data management and analysis management 

Experience/Skills

• A strong background in an operations environment.
• Good communication skills . 
• Good Negotiation skills
• Competent in key principles of material requirements planning , distribution, requirements planning.
• Great stakeholder engagement and management .
• Proven planning & organisation skills.
• Great Attention to detail .
• Ability to work well with Enterprise Resource Planning systems in the PP-PI, MM and inventory management modules.