1. Inventory Management:Oversee the entire inventory management process, including planning, procurement, storage, and distribution of goods.
2. Forecasting and Planning:Develop inventory strategies to optimize inventory levels and ensure availability of products while minimizing excess inventory.
3. Inventory Analysis:Analyze inventory data to identify trends, discrepancies, and opportunities for improvement. Generate reports to provide insights into inventory performance.
4. Supplier Management:Manage relationships with suppliers, negotiate contracts, and monitor supplier performance to ensure timely delivery and quality of goods.
5. Inventory Control:Implement inventory control measures to prevent stock outs, overstocking, and shrinkage. Develop and enforce inventory policies and procedures.
6. Process Improvement:Identify areas for process improvement and implement solutions to streamline inventory management processes and enhance efficiency.
7. Cross-functional Collaboration:Collaborate with other departments such as purchasing, logistics, and sales to coordinate inventory activities and achieve organizational goals.
8. Team Leadership: Lead and mentor a team of inventory management professionals. Provide guidance, training, and support to ensure team effectiveness and performance.