1. inventory management:oversee the entire inventory management process, including planning, procurement, storage, and distribution of goods.
2. forecasting and planning:develop inventory strategies to optimize inventory levels and ensure availability of products while minimizing excess inventory.
3. inventory analysis:analyze inventory data to identify trends, discrepancies, and opportunities for improvement. generate reports to provide insights into inventory performance.
4. supplier management:manage relationships with suppliers, negotiate contracts, and monitor supplier performance to ensure timely delivery and quality of goods.
5. inventory control:implement inventory control measures to prevent stock outs, overstocking, and shrinkage. develop and enforce inventory policies and procedures.
6. process improvement:identify areas for process improvement and implement solutions to streamline inventory management processes and enhance efficiency.
7. cross-functional collaboration:collaborate with other departments such as purchasing, logistics, and sales to coordinate inventory activities and achieve organizational goals.
8. team leadership: lead and mentor a team of inventory management professionals. provide guidance, training, and support to ensure team effectiveness and performance.