Key Responsibilities
Procurement Management:
• Identify product needs and initiate the procurement process based on sales trends, seasonal demand, and inventory levels.
• Develop and maintain relationships with suppliers, negotiate pricing, terms, and delivery schedules.
• Monitor product quality and ensure compliance with industry standards and regulations.
• Collaborate with suppliers to secure the best possible deals and timely deliveries.
• Ensure procurement of materials in accordance with the company's budget and target margins.
Stock Control And Inventory Management
• Develop and implement strategies for effective stock management, including stock rotation, shelf space management, and minimum stock levels.
• Monitor stock levels regularly and conduct stock audits to ensure accuracy.
• Coordinate the replenishment of stock in line with demand forecasts to minimize stockouts and overstock situations.
Sales And Demand Forecasting
• Work closely with the sales teams to understand customer preferences and market trends to adjust procurement strategies.
• Forecast future demand and adjust procurement and stock strategies to meet those demands while avoiding excess inventory.
• Analyse historical sales data to predict demand fluctuations and optimize stock levels accordingly.
Supplier Management
• Evaluate and select suppliers based on price, quality, reliability, and performance.
• Maintain ongoing supplier performance reviews to ensure service level agreements (SLAs) are met.
• Troubleshoot supplier issues and manage disputes effectively to maintain supply chain continuity.
Team Coordination and Leadership:
• Supervise and guide stock control staff to ensure smooth operations and inventory management.
Reporting And Analysis
• Prepare regular reports on inventory status, stock movement, and procurement activity for senior management.
• Analyse stock turnover rates, dead stock, and slow-moving products to make recommendations for improvements.
• Monitor financial performance in relation to inventory, tracking purchase costs, and ensuring adherence to budget.
Health, Safety, And Compliance
• Ensure compliance with relevant health and safety regulations in managing stock and warehousing activities.
• Adhere to company policies and procedures, ensuring proper handling, storage, and stock control.
Skills And Qualifications
• Education: Diploma or Bachelors degree.
• Experience: Minimum of 1 years in procurement, inventory management, or supply chain management within the retail or hardware industry.
- Experience
- Required
- Employment
- Full-time
- Schedule
- monday to friday
- Salary
- £32,000 – £35,000 yearly
69 Smithy Bridge Road, OL15 0DY, Littleborough
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