Inventory Manager
Job Summary
The Inventory Manager is responsible for managing inventory levels by monitoring incoming and outgoing goods, ensuring accurate reporting and analysis to minimize costs while maintaining optimal stock availability. The role requires strong leadership skills, effective management practices, and extensive knowledge of inventory processes and systems.The Inventory Manager will plan and analyse purchases and delivery schedules, coordinate stock counts, and provide strategic insights to enhance productivity and efficiency.
KEY RESPONSIBILITIES- Inventory Management
o Lead inventory management and provide guidance to team members
o Manage inventory levels to meet business needs.
o Develop and implement strategies to optimize inventory discrepancies and turnover
o Analyse sales data to improve stock allocations and maximize revenue
o Monitor daily sales performance and adjust stock allocations accordingly
o Conduct regular reviews and recommend improvements
o Lead the stock take process throughout the company.- Record-Keeping and Analysis
o Maintain accurate records of inventory transactions and adjustments
o Identify and address discrepancies or issues related to stock allocations
o Monitor and analyze inventory trends for potential risks and opportunities
o Stay updated on industry trends and best practices- Reporting Functions
o Generate and distribute Forecasting and Allocation reports on inventory levels and stock movements
o Compile monthly performance and budget reports
o Develop custom reports for coinop data analysis and decision-making
o Monitor key metrics and provide insights through coinop reports to management- Coordination and Collaboration
o Coordinate with Head of Merchandise for accurate stock allocations
o Facilitate stock movements between warehouses and stores
o Collaborate with sales and marketing teams to align stock allocations with promotions
o Work with cross-functional teams to forecast demand and plan inventory replenishment
Key Qualifications- Strong Analytical Skills: Ability to generate and interpret forecasting and allocation reports, compile performance and budget reports, and develop custom reports for coinop data analysis and decision-making.
- Attention to Detail: Monitor key metrics, provide actionable insights, and ensure accurate capitalization of inventory-related costs.
- Proficiency in Reporting Systems: Experience with real-time updates via variance reporting systems and high skill with tools such as Excel.
- Coordination and Collaboration: Proven ability to coordinate with various departments such as Marketing, and cross-functional teams to align stock allocations with promotions, forecast demand, and plan inventory replenishment.
- Effective Communication Skills: Capable of sending clear updates to Managers,State Supervisors, providing support services to the Inventory Accounting team, and ensuring approvals and updates are communicated promptly.
- Organizational Skills: Ability to facilitate stock movements, manage inventory procedures, and accurately update documents related to suppliers, stock adjustments, and purchase orders.
- Quality Assurance: Ensure adherence to company-established guidelines and effective inventory management procedures.
- Ad Hoc Task Management: Flexibility to complete ad hoc tasks and other responsibilities as necessary.
- HMO coverage after a month for you and a dependent, with Php150k coverage. No limits for additional dependents who will also enjoy the same coverage as yours.
- Free counseling support for mental health through our Employee Assistance Program helping you overcome stress and any life issues.
- Free onsite health consultation with our Company doctor once a week but can still reach out to her through Messenger even outside the office.
- Free Lunch and fruits daily and drinks with a monthly budget of Php4,250.00.
- Free onsite parking for motorcycle and car
- Free Uniform
- Php100,000 life insurance coverage
- Php100,000 accidental and disability coverage
- Leave policy granting 12 days of paid annual leave per year and 5 days paid sick leave per year, any unused leave by the end of December per year will be converted to cash
- Other mandatory leaves such as paternity, maternity, solo parent, VAW-C, Magna Carta of Women
- Salary increment based on performance
- Gratitude celebrations and prizes
- Company sponsored activities such as anniversary party, Halloween, and Christmas party
- Coaching and mentoring