Assistant Stock Manager

Tociano Nigeria Limited, the owners of Accessories 2die4, is recruiting to fill the position below:

Job Title: Assistant Stock Manager

Location: Lagos

Job Description
Job Purpose Statement:

• Stock management is an important part of an organization’s profitability because the faster the inventory turnover, the more money the organization makes. The Asst. Stock Manager is mainly responsible for ensuring that the organization has the right amount of stock to meet customer’s needs and also avoids overstocking of items, which ties up cash and storage resources.
• It is the responsibility of the Asst. Stock Manager to ensure the integrity of the stock management systems in order to guard against pilferage, theft, fraud and other activities that adversely affect the organization’s operations and financial resources.
• The incumbent must be detail-oriented since the job requires keeping track of a large amount of diverse products.
• The officer will oversee and is responsible for the overall performance of the stock team.
• The Asst. Stock Manager in this retail establishment will organize and monitor inventory levels to maximize profitability and efficiency.
• The Asst. Stock Manager will own the day to day flow of merchandise from the point of delivery to the sales floor or any other approved destination and will work to ensure that inventory levels stay within appropriate guidelines.

Duties

• Provide leadership in the stockroom on all aspects of backroom operations, to include standards, processing, flow to the sales floor, merchandising and customer experience. Support and assist the management team in achieving all customer service and sales goals as defined by Management.
• Produce and maintain departmental process documentation for internal and external use, communicating processes throughout the business and highlighting non-conformity.
• Create a Customer First environment through proper sales floor and backroom presentation standards and ensure customer service standards are upheld on the sales floor.
• Ensure the stock department is well organised and controlled to efficiently support timely and accurate distribution of stock to sales outlets to fulfill customer expectations
• Manage the day to day relationship with the stock team to implement control measures to ensure mistakes, inaccuracies and discrepancies and customer issues are highlighted, addressed and resolved
• Implement and improve on processes and systems to manage the company’s product inventory, with a view to minimize costs and maximize working capital
• Manage and control perpetual inventory stock counting / inventory accuracy checks
• Minimize under/overstocks and recycling of obsolete / redundant stock to maximize availability of working capital
• Prepare and ensure the accuracy of documentation and reports relating to inventory.
• Manage the Stock team to ensure delivery of team member KPI’s.In addition, the manager deals with grievances, complaints and disciplinary matters arising out of his unit before reference to management
• Facilitate knowledge sharing and providing training resource on organizational ethics, safety standards, return policies, sales promotions, work flow processes and practices that relate to the handling of inventory.
• Line manage the Stock Officers and Stock Assistants according to company procedure.
• Attend weekly management meetings as scheduled.
• Conduct and maintain inventory records to track any merchandise shrinkage
• Conduct regular, controlled stock takes on sales outlets and the inventory room
• Conduct spot checks on sales outlets and the inventory room
• Responsible for assuring all backroom areas are clean and maintained.
• Ensure updates are provided to key staff members as appropriate.
• Produce weekly, monthly and annual reports to analyse the performance of the unit and documentation to guide Management in formulating marketing and procurement policies and strategies to improve stock turnover.

Qualifications, Knowledge, Skills and Experience Required
The ideal candidate should possess the following:

• University Degree in Procurement and Supply Chain, Statistics, Economics or Business Administration or equivalent.
• At least 3-5 years relevant experience as a stock Keeper in a busy warehouse or.
• Advance Knowledge of ICG software and MS office applications.