Inventory and Costing Specialist
1 week ago
B & E Foods, a leading wholesale food distributor, is seeking a highly organized and detail-oriented Inventory and Costing Specialist to join its team. This role is responsible for maintaining accurate inventory records, overseeing inventory control procedures, and analyzing cost data to support business decision-making processes.
As the Inventory and Costing Specialist, you will play a vital role in managing the company's inventory levels, ensuring accuracy and efficiency in inventory-related processes. You will collaborate with various departments to coordinate stock movements, conduct regular stock reconciliations, and analyze cost data to optimize pricing and profitability. The ideal candidate for this role has strong analytical skills, excellent attention to detail, and a solid understanding of inventory management and costing principles.
Key Responsibilities- Maintain accurate and up-to-date inventory records using the company's inventory management system.
- Coordinate stock movements, including receiving, storage, and dispatch, and ensure proper documentation.
- Conduct regular stock reconciliations to identify and resolve any discrepancies or variances.
- Analyze cost data, including product costs, freight costs, and landed costs, to determine accurate inventory valuations.
- Monitor inventory levels and initiate purchase orders to replenish stock as needed.
- Collaborate with the finance team to ensure accurate and timely cost allocation and cost reporting.
- Develop and maintain inventory control procedures to optimize efficiency and accuracy.
- Perform regular cycle counts and coordinate annual physical inventory counts.
- Generate reports and provide analysis on inventory levels, costing, and related financial metrics.
Requirements
- Bachelor's degree in Accounting, Finance, or a related field.
- Previous experience in inventory management or costing roles, preferably within a wholesale or distribution environment.
- Strong analytical skills and proficiency in analyzing cost data.
- Excellent attention to detail and ability to perform accurate data entry and calculations.
- Proficiency in inventory management systems and Microsoft Excel.
- Knowledge of inventory control best practices and procedures.
- Ability to work independently and manage multiple priorities effectively.
- Strong communication and interpersonal skills.
- Ability to thrive in a fast-paced environment and meet strict deadlines.
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