JOB DETAILS:
Description
Human Capital Business Solutions Ltd is a Boutique HR Advisory Firm that specializes in strategic HR Consulting, Talent Acquisition & Development, Risk Management and Business Process Outsourced Services with our Headquarters based in Uganda and Country Office in Tanzania.
On behalf of our client in the manufacturing sector, we are looking for a competent and experienced Inventory Manager to be based in Jinja, Uganda.

Job Summary: This role involves overseeing and managing inventory levels to ensure optimal stock availability and minimize excess or obsolete inventory. This role involves developing and implementing inventory control procedures, coordinating with suppliers and vendors, and working closely with warehouse and logistics teams to ensure efficient storage and timely distribution. The Inventory Manager monitors inventory metrics, analyzes demand trends, and uses data-driven strategies to maintain accurate records, reduce costs, and improve turnover rates. This position plays a critical role in supporting business operations by ensuring that inventory meets customer demand while controlling costs and supporting company goals.

Main Duties and Responsibilities
• Analyze sales data, demand trends, and seasonal fluctuations to accurately forecast inventory needs, ensuring optimal stock levels without overstocking or stockouts.
• Implement and oversee inventory control procedures, including stock audits, cycle counts, and regular reconciliation of inventory records to maintain accuracy.

• Collaborate with suppliers, vendors, and internal departments (such as purchasing and production) to ensure timely replenishment of inventory and resolve any supply chain disruptions.
• Work with warehouse teams to organize inventory for efficient access, reduce storage costs, and ensure that items are properly stored and maintained.

• Monitor reorder points and initiate purchase orders to restock items as needed. Track incoming shipments and verify that orders are received accurately and on time.

• Use inventory management software to analyze data on stock levels, turnover rates, and shrinkage. Generate regular reports on inventory performance to inform decision-making.
• Develop strategies to minimize carrying costs, reduce waste, and improve inventory turnover. Identify obsolete or slow-moving items and work on liquidation or reallocation plans.
• Ensure that inventory items meet quality standards and work closely with quality control teams to address any issues with damaged or defective items.

• Maintain compliance with company policies, industry regulations, and health and safety standards, including proper labeling, storage, and handling of goods.
• Supervise and train inventory staff, ensuring they follow inventory procedures, safety protocols, and organizational standards.
• Oversee the use and implementation of inventory management software or ERP systems to streamline processes, track inventory movements, and improve overall efficiency.
• Identify and implement process improvements to enhance inventory accuracy, optimize stock levels, and reduce lead times.

Qualifications, Experience, and Skills
• Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
• Strong understanding of inventory control techniques, demand forecasting, and supply chain principles to maintain optimal stock levels.
• At least 3-5 years of experience in inventory management, supply chain or warehouse operations.
• Excellent organizational skills to manage multiple inventory processes, track reorder points, and plan for demand fluctuations.
• Ability to monitor inventory costs, reduce waste, and implement cost-effective practices to optimize inventory investment.
• High attention to detail to maintain accurate records, identify discrepancies, and ensure inventory accuracy.

Barriers to Success in Role
• Limited or lack of knowledge about inventory control techniques, demand forecasting, and supply chain principles to maintain optimal stock levels.
• Inability to monitor inventory costs, reduce waste, and implement cost-effective practices to optimize inventory investment.