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Procurement and Inventory Management Specialist
2 months ago
This is a pivotal position that supports the needs of our business operations and contributes to optimal use of financial resources. It sits within the close-knit finance team; reporting directly into the Financial Controller.
The ideal candidate will have a strong analytical mindset, excellent communication skills, and a 'can-do' attitude. They will be responsible for managing and coordinating the end-to-end purchasing function, including raising Purchase Orders (PO) in a timely manner and following up on delays or orders that have been rescheduled.
Key Responsibilities:
- Manage and coordinate the procurement process, ensuring timely and accurate delivery of goods and supplies.
- Liaise with freight forwarding and transport companies to ensure stock and supplies are delivered to the correct location in a timely manner.
- Maintain accurate records of receipts of goods in General Ledger and warehouse management systems.
- Establish and maintain professional relationships with internal stakeholders and external clients, such as vendors and suppliers.
- Analyse trends and historical data to model and provide an accurate forecast for inventory, considering purchasing volume, production volume consumption, and other shrinkage loss.
- Evaluate inventory management processes for improved performance and implement changes as needed.
- Ensure the accuracy of inventory in the system, including inventory decrementing and stock adjustment.
- Participate in cyclic and year-end stocktake to ensure inventory levels are accurate, including investigating and reconciling variances between physical count and data in the system on a monthly basis.
- Prepare and compile weekly, monthly, and quarterly procurement and inventory reports as required for financial decisions at a macro level.
- Create and follow up on new vendor records and deposit payment requests.
About You
- At least 3 years' experience in a similar role in manufacturing, retail, FCMG, or logistics industry.
- Finance background or possess an intermediate understanding of accounting and auditing principles.
- Knowledge of procurement best practices, inventory controls, warehousing concepts, and receiving and invoicing processes.
- Outstanding communication and stakeholder management skills.
- Process-orientated, able to work within and across teams for efficiencies.
- Strong commercial acumen and a willingness to learn and understand the industry.
- Proactive critical thinking for problem-solving.
What We Offer
- A competitive remuneration package.
- A friendly team with regular social events throughout the year.
- A diverse and inclusive company culture.
