Inventory Manager - Umhlanga, South Africa - Code Red Recruitment

Code Red Recruitment

Verified Company

Umhlanga, South Africa

1 week ago

Posted by:

Thabo Mthembu

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Description

Role Intent:

Responsible for optimal onsite Inventory stock holding from both a financial and operational perspective
Responsible for Inventory Operations Management (receiving, issuing, verification and expediting)
Responsible for Stakeholder Management (customer centric)
Use analytical data and insights to partner with various stakeholders in optimizing stock holding, forecasting demand & delivering on category supply plans
Lead, manage and develop capability in the local Inventory teams
Ensure compliance to standardized Inventory management policies, strategy, processes and guidelines, considering customer requirements
Logistics/Customs (where applicable to keep this inhouse)

Responsible for optimal onsite Inventory stock holding from both a financial and operational perspective

Drives and is responsible for Working Capital Management by optimizing Inventory holding through: parameter management, correct classification of all inventory, ensuring obsolete/excess Inventory is identified and flagged for provision planning together with Finance
Maintain accurate inventory levels that are data driven & customer centric
Monitor demand and plan for anticipated future needs

Allocate workflow and manage the Inventory Operational team's activities (supervises the management of routine activities at stores)

Implement and embed best practices, minimum standards, policies, processes, systems and enablers (i.e LMC etc.) This includes identifying opportunities to improve local Inventory efficiency and productivity
Champion the implementation of Group Inventory strategy and objectives which include leading & managing inventory changes/projects/events at operations

Responsible for Inventory Operations Management:

Manage the
Inventory Operations team to ensure accurate and efficient receiving/receipting/issuing of stock; and strong customer support in terms of timing and product availability (In accordance with SLA)
Ensure a % service level is maintained at site in accordance with Group Standards
Ensure that Insurance & Critical items with zero stock on hand, zero on order and zero on request are managed daily with regular communication of the risk being shared with the manufacturing team
Manage the
Verification team to ensure weekly stock counts is managed and completed in accordance with FCFQ and related % Error KPIs. Investigate discrepancies accordingly.
Manage finalisation of the stock counting process and ensure stock adjustments are carried out timeously
Delegate daily workflow and manage
Expeditors to ensure expediting of outstanding orders through engagement with buying team, suppliers and requisitioners to meet promised delivery dates
Provide guidance on prioritizing orders based on business needs and supplier evaluation to maintain OTIF targets
Engage with endusers to ensure delivery risks are communicated to requisitioners timeously

Responsible for Stakeholder management

Partner with the business to implement and drive compliance to Inventory policies, strategies, processes and guidelines
Partner with the business to drive the use of Master Data as well as initiating the creation of new MIDs to reduce spend via Directs/free text

Review operations physical Inventory requirements and propose improvements where applicable

Supports continuous stakeholder engagement in supply and demand planning across all business functions (i.e. Off Crop, Capex projects, Packaging, Fertilizers, etc.). This includes effective delivery on agreed demand plans

Use analytical data and insights to partner with various stakeholders in optimizing stock holding, forecasting demand & delivering on category supply plans

Coordinates the ordering of Inventory items linked to demand forecasts (aligned to production and maintenance planning) for the operation
Makes use of data and historical usage trends to optimize local inventory (MID) parameters
Reports on and monitors continuous improvement practises within Inventory and manages implementation of these initiatives where applicable
Uses Qlik dashboards to drive and achieve Inventory KPIs
Uses data to drive opportunities to consolidate orders which will lead to logístical cost savings

Lead, manage and develop capability in the local Inventory teams

Lead, inspire and develop the Inventory teams by demonstrating the Illovo leadership core behaviours.
Give Direction, ensure Alignment and drive Commitment as part of Leadership activities
Establish and maintain clarity of responsibilities in the decisionmaking process and hold employees to account for their role within the business
Oversee Inventory personnel and support functions within the Inventory department

Ensure compliance to standardised Inventory management policies, strategy, processes and guidelines, considering customer requirements