NDE Infratech Ltd
NDE Infratech Ltd
NDE Infratech Ltd
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Summary
- Vacancy: —
- Location: Dhaka
- Salary: Negotiable
- Experience: 3 to 7 years
- Published: 14 Jul 2024
Requirements
Education
- Master of Business Administration (MBA), Bachelor of Business Administration (BBA)
Supply Chain Management
Experience
- 3 to 7 years
- The applicants should have experience in the following business area(s):
Manufacturing (FMCG), Engineering Firms, Garments, Group of Companies, Technical Infrastructure
Responsibilities & Context
- Develop and maintain an efficient inventory management system that ensures accurate and up-to-date records of all incoming and outgoing products.
- Collaborate with other departments, purchasing, and logistics, to ensure inventory levels meet business requirements.
- Perform regular physical counts of inventory and compare results to system records to ensure accuracy.
- Develop and implement processes for inventory tracking and optimization, including Just-In-Time inventory management principles.
- Monitor inventory levels and demand trends, and make informed decisions about inventory levels to avoid stockouts or excess inventory.
- Negotiate with suppliers to ensure timely and accurate deliveries, and resolve any conflicts regarding inventory levels.
- Continuously evaluate and improve inventory management processes to increase efficiency and reduce waste.
- Provide regular reports on inventory performance and make recommendations for process improvements.
- Develop and implement inventory management strategies.
- Conduct regular audits and reconciliations to ensure inventory accuracy.
- Implement and maintain advanced inventory control systems.
- Utilize inventory management software to track and manage stock levels.
- Ensure proper documentation and record-keeping of inventory transactions.
- Establish and maintain relationships with suppliers.
- Negotiate contracts and terms with suppliers to ensure favorable conditions.
- Monitor supplier performance and address any issues promptly.
- Supervise and train inventory staff.
- Assign tasks and responsibilities to team members.
- Foster a positive and productive work environment.
- Implement cost-saving measures in inventory management.
- Monitor and control inventory levels, tracking stock movements, and conducting regular stock counts to ensure accuracy and completeness of inventory records.
- Receive, inspect, and record incoming inventory materials, verifying quantities, quality, and condition of goods received against purchase orders or packing slips.
- Update inventory databases, systems, or spreadsheets to reflect stock transactions, adjustments, and movements, maintaining up-to-date and accurate inventory records.
- Generate inventory reports, including stock levels, aging analysis, and inventory turnover ratios, to assess inventory performance and identify trends or issues.
- Analyze demand patterns, sales forecasts, and historical data to forecast inventory requirements, set reorder points, and determine optimal stock levels.
- Coordinate with procurement and purchasing teams to place orders, ensuring timely delivery and availability of inventory items.
- Manage stock rotation, shelf-life tracking, and expiry date monitoring for perishable or time-sensitive goods, minimizing waste and spoilage.
- Implement inventory control measures, such as FIFO (first-in, first-out) or LIFO (last-in, first-out), to optimize inventory turnover and minimize obsolescence.
- Conduct regular inventory audits, reconciling physical stock counts with inventory records, investigating discrepancies, and resolving inventory variances.
- Identify and investigate inventory discrepancies, stock shortages, or surplus inventory, conducting root cause analysis and implementing corrective actions.
- Collaborate with warehouse and logistics teams to ensure efficient storage, handling, and distribution of inventory items, optimizing warehouse layout and organization.
- Develop and maintain relationships with suppliers, vendors, and service providers, negotiating terms, pricing, and delivery schedules to ensure reliable supply of inventory items.
- Implement inventory management best practices, standard operating procedures (SOPs), and quality standards to improve efficiency and accuracy in inventory control processes.
- Train and supervise inventory staff, providing guidance, coaching, and support to ensure compliance with inventory management policies and procedures.
- Stay updated on industry trends, best practices, and regulatory requirements in inventory management, participating in training, workshops, and professional development activities.
Skills & Expertise
Data Analysis skills
Inventory Mangement
MS Word/ Excel/ PowerPoint/ OneNote
ProblemSolving and Analytical Skills
Risk Management
Workplace
Work at office
Employment Status
Full Time
Job Location
Dhaka
Job Highlights
As an Inventory Manager or Officer, you will play a critical role in overseeing and optimizing the entire inventory management process. This includes the procurement, receipt, storage, and management of products across various locations.