Managing and controlling the inventory process for the factory.
Provide analysis to drive SKU reduction (obsolete, non-current, duplicate, etc.).
Lead and manage the quarterly excess and obsolete inventory review process.
Devise ways to optimize inventory control procedures
Ensure product stock is adequate for all distribution channels and can cover direct demand from customers
Record daily deliveries and shipments to reconcile inventory
Place orders to replenish stock avoiding insufficiencies or excessive surplus
Analyze data to anticipate future needs
Evaluate suppliers to achieve cost-effective deals and maintain trust relationships
Report to upper management on stock levels, issues etc.
Closely monitoring stocks at job workers location
Aging of Inventory to be done in which slow and non moving stocks to be identified
Calculation of stock adjustment impact on profit on account of discrepancies found between the physical stock and system stock during the stock audit.