INVENTORY EXECUTIVE - RAWATHAWATTA

Key Responsibilities

• Inventory Monitoring:

  • Track inventory levels across various categories, including raw materials, finished products, and other textile-related items.
  • Conduct regular inventory audits and reconciliations to ensure accuracy between physical stock and inventory records.

• Stock Management:

  • Develop and implement inventory control procedures to optimize stock levels and reduce waste.
  • Manage stock replenishment, ensuring timely ordering and receiving of goods to maintain adequate stock levels.

• Data Analysis and Reporting:

  • Analyze inventory data to forecast demand and make data-driven decisions for inventory management.
  • Prepare and present detailed inventory reports to management, highlighting trends, issues, and recommendations for improvement.

• Supplier Coordination:

  • Liaise with suppliers and vendors to place orders, negotiate terms, and ensure timely delivery of products.
  • Address and resolve any issues related to deliveries, quality of goods, or discrepancies in orders.

• Process Improvement:

  • Identify and implement improvements in inventory management processes to enhance efficiency and accuracy.
  • Develop strategies for reducing excess inventory and minimizing stockouts.

• System Management:

  • Utilize inventory management software and systems to track stock levels, manage orders, and maintain accurate inventory records.
  • Ensure proper data entry and updates in the inventory management system.

• Stock Rotation and Control:

  • Implement effective stock rotation practices to minimize the risk of obsolescence and ensure that products are sold within their usable life.
  • Monitor inventory turnover rates and adjust stock levels accordingly.

• Team Collaboration:

  • Work closely with sales, procurement, and warehouse teams to ensure alignment and coordination in inventory management.
  • Provide support and guidance to staff regarding inventory-related issues and procedures.

• Compliance and Security:

  • Adhere to company policies and procedures related to inventory management, including health and safety regulations.
  • Ensure inventory security measures are in place to prevent theft and loss.

Required Qualifications

• Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
• Proven experience in inventory management or a similar role, preferably in a retail or textile environment.
• Proficiency with inventory management software and systems.
• Strong analytical skills with the ability to interpret data and make informed decisions.
• Excellent organizational and problem-solving skills.
• Effective communication and interpersonal skills for interacting with team members and suppliers.
• Attention to detail and accuracy in managing inventory records.

Preferred Qualifications

• Certification in inventory management or supply chain management (e.g., CPIM, CSCP) is a plus.
• Familiarity with textile products and industry-specific inventory practices.