1. Following the Order prompt from Sales, analyze the stock position, minimum stock levels, sales forecast, average sales pattern, and finalizing the orders in line with budgeted purchase.
2. Analyzing the inventory and ensuring uninterrupted availability of stocks to various warehouse locations. Take appropriate action to move stocks within the location to ensure proper stock rotation to reduce expiry.
3. Liaise with Head of Finance department for insurance declarations of goods in transit, corrective action of slow moving near expiry stocks.
4. Study current supply & demand chain processes, recommend solutions to appropriate stakeholders, and deliver solutions that improve the supply & demand chain efficiency and costs.
5. Review safety stock policy, analyze supplier lead times, Forecast accuracy, Economic order quantity etc., Vet, challenge & negotiate release of LPO
6. Monthly Inventory is done on continuous inventory system with ABC analysis
7. Verification Objectives done on accounting valuation, Stock movement, slow moving items check, Expiry date check, Proper cut-off procedures
8. Prepare periodical reports on Stock-fast moving, ageing stocks and recommend it for liquidation or providing price protection from supplier.
9. Reports all materials that do not meet quality standards.
10. Provide training to staff for stock count
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