Store Manager - Inventory Control

Dangote • Lagos, Nigeria • via MyJobMag

The Store Manager - Inventory Control is responsible for planning, controlling and optimizing inventory levels across DCP Ibese stores network through robust inventory management, cycle counting, reconciliation, reporting and policy enforcement to reduce carrying costs and ensure material availability.

Key Duties and Responsibilities

• Maintain accurate perpetual inventory records in ERP/WMS and ensure timely posting of receipts, issues, transfers and adjustments.
• Design and implement cycle count programmes and full stocktakes; coordinate with internal/external auditors during inventory audits.
• Investigate and resolve variances between physical and system balances; propose corrective actions to prevent recurrence.
• Classify inventory ABC/criticality and recommend optimal safety stocks, reorder points and economic order quantities in coordination with Procurement and Planning.
• Drive continous improvement initiatives to reduce write-offs, slow moving items and obsolete stock.
• prepare and present monthly iventory reports, ageing analysis, slow-moving lists, and shrinkage reports to Head of Stores and Finance.
• Manage stores ledger reconciliations and collaborate with Finance for month-end and year-end closings.
• Implement and enforce inventory control policies, documentation standards and approvals hierarchies.
• Train stores staff on inventory discipline, record maintenance and cycle count procedures.

Key Performance Indicators (KPIs)

• Inventory accuracy % by value and by count.
• Days of inventory on hand/inventory turnover ratio.
• value of obsolete/slow-moving stock reduction.
• Frequency and magnitude of inventory adjustments/write-offs.

Qualifications and Experience:

• Bachelor's Degree in Accounting, Supply Chain Management, Logistics, Business Administration or similar.

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