Develop the company’s inventory management strategy with the aim
of controlling costs within budgetary limits, generating savings,
rationalising inventory and maximizing available working capital
• Manage and maintain the company’s material and stocked product
inventory including stock profiles and stock locations
• Manage and control perpetual inventory stock counting / inventory
accuracy checks
• Minimise overstocks and removal of obsolete / redundant raw
materials to maximize availability of working capital
• Ensure that goods inward / stock control department is well organised
and controlled to sufficiently support production and the goals of the
business.
• Ensure incoming product is receipted and managed appropriately
according to company procedure.
• Ensure materials are ready and available for production as and when
required.
• Ensure that any materials that are late or holding up production for
whatever reason are chased and followed up until received.
• Ensure sub contract processes are received back and that suppliers
are chased to ensure no late delivery situation.
• Provide routine management information on inventory performance
i. Monitor and evaluate consumables usage & costs
ii. Monitor & evaluate material utilization and scrap