Cape Town: Inventory Manager posted by SET Consulting

About the Role

The purpose of the role of Inventory Manager is to ensure the correct put away, storage, replenishment, and accuracy of inventory within the Distribution Centre across the client base.

Key Responsibilities

• Ensure costs are captured in the month incurred (Labour, MHE R&M, Stock Losses).
• Ensure unprocessed costs are accrued in the month incurred.
• Ensure monthly inventory department expenditure is maintained within budget.
• Explain variance of budget versus actual.
• Ensure cost overruns are investigated, and appropriate countermeasures are instituted to prevent further overruns.
• Compile input for all inventory expenditure to be used in the annual budget for the distribution centre.
• Replenishment: Ensures that stock replenishment is completed before commencement of picking. Ensures the stock is replenished into correct locations as per WMS. Ensures replenishment is in line with stock rotation principles of the business.
• Put Away: Ensure inventory is correctly labelled before put away. Ensures that all stock receipted is put away daily in the correct location.
• Inventory Control: Recalls – assists in the management of the recall process. Ensures the master data management of WMS i.e. adding new SKUs, adding new warehouse slots, manages pick slots assignment. Transaction posting to ensure that transactions impacting the stock ledger are posted timeously i.e. stock adjustments. Daily stock accuracy – ensures pick slots count and empty bin verification and completed daily and investigates variances.
• Non-conforming product management – ensure all expired, short shelf life and damaged products are segregated, isolated, and safe disposal is recorded and adjusted off the system immediately according to the DQSP processes.
• Ensure daily check of expiry dates on all stock items in pick slot and reverses of the warehouse master.
• Manage letters of variance according to the DQSP process.
• Inter DC Transactions – ensures that in-transit sites are reconciled and cleared within 48 hours after receipt. Export transactions ensure the control of stock movement between the local and export locations.
• Ensure the accurate reconciliation of consignment stock from suppliers.
• Ensure the development of monthly stock count plan.
• Ensure communication of the monthly stock count dates to the business i.e., supply chain to ensure a successful count.
• Ensure correct record keeping of stock count documents in accordance with company procedures.
• Ensure stock variances are investigated and resolved within 48 hours.
• Host monthly staff meeting with minutes.
• Ensure that all staff maintains DQSP certification.
• Ensure succession plan in place for career levels.
• Liaising with the HR department so as to understand all the necessary aspects and needs of HR development, and ensure all staff are fully informed of HR objectives, purposes and achievements.
• Manage a stable HR climate in the workplace.
• Liaising with HR regarding overtime and absenteeism, motivating staff, recruiting staff, training, mentoring, coaching and development of staff according to company policies and procedures.
• Ensure inventory is run efficiently and effectively to meet client contractual KPIs.
• Ensure all internal stakeholders are serviced as required per internal rules, i.e. communication to supply chain regarding adjustments, shelf life on SKUs inventory on hand, warehouse damages return process.
• Ensure all external stakeholders are serviced as required i.e. daily stock reports.
• Process Compliance: Warehouse quality standards are consistently maintained in accordance with DQSP requirements. Pass all internal and external quality audits. Audit gaps are closed within prescribed due dates.
• Continuous Improvement: Develop human capital, processes and procedures and ensure continuous are actively pursued in the areas of process, quality, service level and cost improvements.
• Asset Management: Facility and equipment maintenance (buildings, MHE, racks). Assets are well maintained, clean and good working order. Ensure equipment maintenance is planned and executed with Assets Manager according to specification. Ensure all Health & Safety repairs and maintenance is identified and resolved immediately.
• Reporting: Provide daily and weekly reports i.e. stock adjustment reports, shelf-life reports. Ensure all reporting documents are accurate. Ensure reporting deadlines are met. Ensure monthly financial reporting is submitted. Ensure attendance and engagement in all relevant meetings i.e., planning meeting, max meeting, management meeting.
• Risk Management: Ensure all operational risk matters are address. i.e. health and safety checklists completed as prescribed, PPE requirements. Ensure inventory compliance in respect of prescribed laws and legislative requirements. Ensure the mitigation of all financial risk i.e. stock losses, stock damages, and negligible damage to facility, monthly cost management.

Requirements

• Must have excellent knowledge of how inventory flows in the warehouse and the impacts thereof.
• Must have excellent knowledge of what impacts stock balances on the computer system.
• Exceptional verbal and written communication skills (English)
• Ability to take responsibility, Great attention to detail and exceptional time management skills,
• Planning and organizational skills, ability to work in a dynamic team.
• Results and deadline driven, good problem-solving capabilities with a disciplined approach.
• Analytical, Logical, Problem-solving Attention to detail Numeric accuracy,
• Great communication and people Management skills for organisation planning.